NEO NEW NODES NEW BLOCKCHAIN
A in 99% of the trades that happen on the market investors or speculators simply don’t know what exactly they are buying into until it hit the internet, like when Weis gave NEO A-class rating after giving a C+ and making the internet a living hell, trolls came out of their cames streets got on fire and the sky falls to the ground.
Like that was not enough NEO went down during its first and had low performance during others ICO, the Key, Trinity, Redpulse and on February of this year went down for two hours and nodes had to be force to restart so they can all sync back and not wait for next block, NEO leading the Asian crypto currency projects seems to take the lead and build a pattern of centralization as other Asian crypto currencies follow (not all of them), seems to be a tendency.
Despite all the drama NEO price has not help at all, among other crypto currency seems is one of the most affected on its USD and BTC value with a peak at $162 / 0.01477 btc to its low of $26.97 / 0.003721 btc from January all time high that’s a huge discount in both currencies, if we go to Binance chart it would only take NEO a -36% hair cut to get back to its first price at launch on the exchange.
Recently this year on July, NEO has announce that after six months of running, new nodes are ready to deploy to production, still a centralized model where nodes are elected, NEO focus more on performance and quality than decentralization, decentralize network is a target but for now not a priority at least that’s the sentiment that users arround the platform get, although so far this performance and quality has not shine.
Never the less, NEO just look extremely low, NEO price has set back and entire year since it was on August of last year when for the first time NEO hit 0.00382k sats. The chart on all timeframes look extremely low, volume is so low and a ton of mad holders decided to dump on the first up price action.
Binance Daily Chart
With current order books on Binance it doesn’t take that much to get old rusty NEO gears moving, when a market exist and has a value it can’t go down for ever, coins like NEO, STEEM, XRP will soon move, this year crypto projects are rearly moved by news so the marketing team of NEO needs to make an A-class grade job to get the price back on its feet and get users interested in the Chineese Gigant NEO, eternal Ethereum challenger.
This will be a quick flip
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