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RE: NEO Needs Some Serious Buying Action to the Rescue to Avoid a Major Bear Threat
If it does hit these prices they will be swallowed up quick....the amount of ICO's launching is many...so undervalued right now in my opinion
Agreed. I think Switcheo and NEX will definitely help increase liquidity among all Neo ICOs and hopefully that should help increase prices!
Agreed, NEO should be trading much higher. Like all alt coins it's relying on BTC to help it's price gain some momentum. Once that happens we won't see NEO at double digit prices again. Could be over a $1000 by 2020 easily
Just another follow up on that as well would be to look at the price action on NEO during the APEX ICO (launched on NEO). NEO prices rose close to 50% in the 48 hours leading up to it and ultimately hit it's all time high just shy of $200 the week after. During the same period BTC lost about 30% of it's value. I made good money trading NEO during that time. Reinvested it back into NEO when it dropped back down - it's now a long term hodl. Forget any FUD you've read about them having a technical issue last week. Ever fintech company is going to experience a similar issue at some point during their early years. It's how you respond to that problem that shows the long term viability of the project.
totally agree with you tales....we seem to see this FUD come out on all projects once they hit high levels...either people get jealous that their project hasn't performed as well,they don't agree with the Chinese strategies being an open new economy, or they have to get views on their blogs...im a long term holder as well friend...in a few years we will look at these prices and laugh