When Bitcoin fell back and the altcoins were in a bloodbath, #neo worked with his good brother #ont #ong #gas to buck the trend and surge by 50%, respectively occupying the top three of the growth list. What does this mean? Can it become the next 100-fold coin? Let's take a look.
Keywords: NEO, GAS, ONT, ONG Let’s analyze NEO today.
Conclusion first: If you have to give it a star rating, it would be one star ☆. Although it has been very strong recently and may continue to pull up the market in the future, it is mainly for shipment and the risk is relatively high.
Okay, let’s take a look at what NEO is all about.
NEO is also known as Ant's early domestic public chain, known as the Chinese version of Ethereum, but I prefer to call it a copycat version of ETH, because copycat is a derogatory word.
A non-profit community blockchain project that uses blockchain technology and digital identity to automate asset ownership and uses smart contracts to automate the management of digital assets.
Market value: 1.67 billion
Global ranking: 56
Track: Domestic public chain
Released: 2015
Total tokens: 100 million
Current token circulation: 70 million
TVL: $44 million
The following figures show the Token information and public chain information respectively.
1. From the above picture, we can clearly see that as a public chain, not only is there a small ecology, but there are only sporadic pledges and exchanges, and the TVL is also pitifully low. From the picture, we can also see that its public chain ecology has been going downhill. 2. The community is deserted, and the founder of the project has long abandoned the project and started a new one to continue the road of harvesting. Although there will be pull-ups in the bull market, it is most likely for shipment. 3. Even if this round reaches the bull peak period, it will continue to pull the market, but the profit and loss ratio is too low, the upward space is limited, and there is no end to the downward. When the bear market comes, it is likely to continue to go to the end. See the historical trend in the figure below. Why is the market value of such a weak token so high? That is because the liquidity and trading volume are low. The 1.6 billion market value can be regarded as a historical record. Well, NEO is basically finished, let's take a look at GAS.
GAS is used as the "fuel" for executing transactions and smart contracts in NEO, as well as a means of paying for network operations and services. It will live and die with its owner, NEO. So NEO is already dead in terms of real value, but if you like short-term speculation, you can only be careful about being trapped. Many people are waiting to be untied, and it is difficult for funds to trust this chain again.
Finally, another project that is strongly related to NEO is ONT and its fuel token ONG, which I will share with you tomorrow.
The above is only a personal opinion for discussion and does not constitute any investment advice. #
