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RE: Is Neo the new Chinese Ethereum?
Down again at 8th place and the price at 33.3 USD. Let't hope that correction is not going on further and the price to go back at 10 USD.
I don't know so good NEO but I didn't understand what is the point advertising it as China Ethereum, does it have something more than Ethereum or is just an advertising campaign after the re-branding that had pushed up the demand for NEO.
Antshares/Neo has been skating all over the place looking for a price home - it kind of scares me at the moment until it finds its true value and home - wherever that may be??
Maybe the effect of bitcoin
All boats rise with the Bitcoin tide - though I'm not sure what happened to the Steem price right now??
I just saw it at $42, i swear if I could find a chart that showed the early breakout of ETH this spring from 18-50ish and overlayed the recent NEO chart, they would look similar - although NEO has had even a more aggressive initial surge. I say dollar cost average into this beast, give it a bit of time, don't focus on your $USD equivalant balance, just be happy you can now buy more for less money, give it some time, you will be rewarded. That is just my opinion, but by October I predict NEO in the #3 spot behind BTC and ETH and hanging somewhere north of $100 US. good luck