Our Top 5 Undervalued Cryptocurrencies #4

Previous posts in this series:

https://steemit.com/introduceyourself/@bitcoinnewsdesk/our-top-5-undervalued-cryptocurrencies-5

Big money can be made from cryptocurrency if you can find the right coin. We present our top five coins that we believe are undervalued and could, in the future, hit the big time. Remember, always do your own research and as the crypto market is volatile, never invest more than you could afford to lose. This is not financial advice, it is opinion based on research.

#4 - Neo (NEO)

Current value: circa $31.24
All time high: $48.01
Market Cap: $1,562,160,000
Coin Supply: 100,000,000 NEO (50,000,000 circulating supply)
Exchanges: Many, including Bittrex and Binance

What is it?

Neo began as the unfortunately-named Antshares. Nick-named China's Ethereum, its unique blockchain algorithm improves on Ethereum's smart contracts model by supporting decentralized commerce, identification and digitization of several assets. NEO is also less vulnerable to hackers than Ethereum.

Why is the price likely to increase?

The current price is much lower than its all time high. In fact, were it to achieve that high again that would bring around 50% increase in value - so a good short-term gain is on the cards. However, we see a much higher potential in the mid-
to long-term. Holders of Neo earn another crypto-currency (GAS) for simply holding their coins in a wallet. This incentivises them to hold as they earn a passive income. GAS has recently seen massive increases in price from circa $2 two months ago to $32 today. So good passive income can be made from Neo.

Neo, like many other coins, suffered from the recent Chinese FUD over ICO banning and exchange closes. However, a turning point came on 25th September when Neo's founder, Da Hongfei, indicated that collaboration between Neo and the Chinese government was a strong possibility. China likes its own tech products, for example preferring its versions of Facebook and Twitter over the western versions. So Neo is likely to cement its place as China's version of Ethereum. China's ICO crackdown, designed to rid it of scam ICOs will work in Neo's favour.

Six months ago, Ethereum, with roughly the same coin supply as Neo, was trading at around Neo's current $32. Today it is at $300. Neo could well achieve this in the next few months. This is still a great buy.