Reasons Why NEO Will Moon Again Before Bitcoin
Bitcoin, Neo, Crypocurrency Cash

Reasons Why NEO Will Moon Again Before Bitcoin

By toledotrips | doingitdodson | 8 Sep 2020


When I first got involved in the cryptocurrency space, it was 2013 and it was Bitcoin was God, plus a couple of other options that might moon or go the way of DOGE. I just recently come back to Bitcoin and the altcoin realm, but I have always kept up with my NEO private keys over all others. I knew keeping a bit of Bitcoin on cold storage would come in handy one day, it allowed me to go a few years without worrying about work once I cashed in at interval during late 2016-17. But that money is gone and now I am hoping NEO provides me the same benefit though I had to wait twice as long.

The biggest reason I remember for my reason to keep up with my NEO keys religiously was that China was backing the coin. Not only is China almost 4 times the population of the United States, but the citizens with financial means also had far more tech literacy on the whole. The adoption rate of the state-backed cryptocurrency seemed all but assured to me, but I overlooked the fact that most Chinese citizens chasing internet privacy would avoid any coin that could be corrupted by the communist Chinese government. (HOLY ALLITERATION!) Now China is growing its reach worldwide, especially in Africa, and more people will come to accept business with the Chinese as not only acceptable but necessary. 

For those reasons, I think those fears are finally wilting away as more people, Chinese and not, are seeing the benefits of NEO. NEO is joining a Coinbase led blockchain project called Rosetta. Rosetta will help differing blockchains communicate and translate to each other. In an Official NEO Blog Post, the team said the process now demands an intensive analysis of the unique aspects of each blockchain to really operate in the current environment. This requires extensive communication with its developers and that time detracts from the main goal: to understand the best strategies to deploy nodes, recognize deposits, and broadcast transactions. Project developers too much time answering similar support questions for each team integrating blockchain technology, rather than spending time working on their blockchain.

The path is beginning to have fewer potholes for Neo's path to the moon. Neo, created by Da Hongfei and Erik Zhang in 2014, focuses on crypto trading, digital identity, and smart contracts. It operates similarly to Ethereum and could prove a replacement as Ethereum falters, not to mention GAS prices. NEO is a founding member of PolyNetwork, a blockchain interoperability platform. NEO also runs an interoperable DeFi platform, Flamingo

Despite the Rosetta integration, however, Coinbase has still not listed NEO. Once that happens, NEO will finally go above the $25 mark. ( I should've sold at $140 but I was off spending Bitcoin profits and not paying attention.) Cointelegraph reported, in the instance NEO/USD pairs rebound off the other's support, there will be an attempt to push the price above $20.96. If that succeeds, the next target on the upside is $25.23. Once NEO can clear the necessary regulatory hurdles for Coinbase, the race to the moon will begin. And as an added benefit, NEO in the NEON wallet has been creating GAS this whole time. 


toledotrips
toledotrips

Living, Laughing, Loving, Learning.


doingitdodson
doingitdodson

Christopher Dodson, Journalist, Gulf Coast Sports, Politics, CryptoCurrency

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