New smart economy by NEO; (NEO/USDT analysis)Neo Ecosystem ;
With thriving partners and projects, the Neo ecosystem is rapidly growing and developing, thus enabling Neo to become the foundation for next-gen Internet.
❇️(coinmarketcap DATAs:
(Rank #36 , kind:Coin , On 136,072 watchlists
Market Cap: $3,174,046,746 , Volume24h: $736,118,024 , Circulating Supply:70,538,831 NEO (71%) ,Max Supply:100,000,000 )
What Is🌟 NEO🌟?
NEO is widely considered to be China’s answer to Ethereum.
Both cryptocurrencies use smart contracts but NEO takes advantage of its unique blockchain in order to improve on Ethereum’s network. NEO has defined itself as the distributed network for the smart economy.
By smart economy, we mean digital assets with a digital identity, supported by smart contracts. Interesting Facts About NEO NEO made its first appearance in the West in 2016 under the name Antshares.
NEO uses the delegated Byzantine Fault Tolerant (bDFT) for blockchain consensus — it is a modified proof-of-stake protocol. 6119 BTC was raised during NEO’s 2016 ICO, creating 100 million NEO tokens. 50% of the NEO tokens were sold in the ICO, and the other 50% were distributed to the NEO Council. NEO climbed its way into the top 20 cryptocurrencies by achieving a $5 billion market capitalization by the end of 2017. In short, NEO is a cryptocurrency that, uses easily programmable smart contracts in order to facilitate trust-less trades of real-world assets through the Blockchain.
Because together, everything is possible
One ecosystem, two blockchains, a world of possibility.
❇️Who Are the Founders of Neo?
The co-founders of Neo, and its predecessor Antshares, are Da Hongfei and Erik Zhang. Both serve as chairmen of the Neo Foundation, which aims to promote the blockchain’s adoption.
❇️What Makes Neo Unique?
One of the unique selling points of the Neo blockchain concerns its continuous development, which helps ensure that it is futureproof and able to cope with sudden increases in demand. As mentioned earlier, the project has developed Neo 3.0 — enhancing network security and allowing a greater number of transactions per second to be processed.
❇️What Is The Price Outlook For NEO?
The price outlook for NEO is a little uncertain. In the short-term, you should expect to see volatility as speculators take advantage of the uncertainty surrounding the cryptocurrency’s future. In the medium to long-term, there is the unlikely outcome, that the Chinese government will begin a full crackdown on cryptocurrencies, in which case you should expect to see NEO’s value collapse.
❇️refrences: coinmarketcap- commodity. com- neo. org
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✅TECHNICAL ANALYSIS
As we can see in the monthly timeframe logarithmic chart for neo/usdt , The current price roam about $45 ,
We can imagine a hypothetical channel for it that is growing with an upward trend and is currently moving under its midfield and failed to break it on February 22. It is possible that now the cows are trying to break it again. and grow to the top of the canal, also on the other side it can descend to the bottom of the canal and near the support area , in which case there is a good opportunity to enter, and the proposed targets are $ 72 and $ 180 and then $ 900 in the longterm.
(Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, Because this crazy market also depends on the odds and there is no certainty.)
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
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