NEO is a blockchain project that has often been described as the “Chinese Ethereum.” The project intends to create what it calls the Smart Economy with digital assets, smart contracts, and digital identities. What sets NEO apart from other cryptocurrencies is that it’s just as much a business ecosystem as it is a blockchain project.

Buy/Sell NEO (NEO)

How to buy NEO (NEO) on Binance?

To illustrate this point - NEO projects attempt to partner and synergize with other projects whenever possible, such as Phantasma Chain’s partnership with Pikciochain that was announced on the 22nd of April. Phantasma Chain is a distributed content ecosystem while Pikciochain is a personal data platform.

The partnership will integrate Phantasma Chain’s wallet inside Pikciochain’s PikcioMe wallet, as well as support atomic swaps from Phantasma’s SOUL tokens to other assets. It’s synergies such as these that give NEO an edge over other coins but the advantages don’t stop there.

One of NEO’s main strengths is its consensus algorithm named delegated Byzantine Fault Tolerance (dBFT). To explain how the consensus algorithm works in simple terms, the network requires a 2/3 majority in order to reach consensus. This means that an attacker would need to own two-thirds of the network in order to disrupt it, which is extremely unlikely.

NEO’s ecosystem also extends beyond its internal projects. Hackathons and events to recruit new talent are commonly seen in the NEO ecosystem such as the NEO Devcon that was held on April 16-17. Other community events have been held in major cities across the world.

The bottom line is that NEO might be a dark horse right now trading well below its all-time high, but the community, technology, tenacity, and passion is all there from its team members for realizing the project’s goals.

Why NEO is attractive in the long term

NEO comes with strong fundamentals in terms of the platform team’s overall vision. The blockchain even has a dedicated developer team named City of Zion that consists of developers, artists, project managers, and engineering leads.

It’s all these factors that contribute to making NEO an attractive long-term proposition – but it gets better.

The NEO platform actually consists of two different cryptocurrencies: NEO and GAS. The second token is used for paying for transactions on the blockchain network. The difference, however, is that NEO holders passively earn GAS by holding it incompatible wallets. GAS will automatically accrue in proportion to how much NEO you have in your wallet.

Claiming GAS with a popular wallet software such as O3 is as simple as clicking the “claim GAS” button in the client. The gas will then be automatically credited to your NEO address. Certain crypto exchanges such as Binance also distribute GAS to users that have NEO deposited on their platform.

NEO Price Since its ATH

Like most blockchain projects, the NEO market was hit hard in the aftermath of bitcoin’s parabolic blow-off in 2017. NEO’s all-time high of over $140 contrasts sharply with the price of NEO today.

GAS, the platform’s utility token, also suffered a similar fate to NEO but fell sharper by comparison.

NEO Price Prediction in 2019

Despite the pessimism and possible capitulation of the general crypto market, the NEO ecosystem pressed forward.

Many promising projects have gone live on the NEO MainNet in spite of the severe bear market. Some examples of promising projects include nOS, a virtual operating system and decentralized internet and Nash (formerly NEX), a decentralized exchange that allows for automatic trades without trusting an intermediary.

nOS has shown to be useful so far with Wednesday poker events held via the nOS client and holding numerous competitions that invite developers to create their own applications on the platform.

Nash, on the other hand, is yet to be released, although leaked screenshots have given insiders a sneak peek.