I don't see NEO recovering now in the near future as it is banned from doing ICOS, so NEO will become probably defunct sooner or later, unless China decides to relax and regulate the laws a little bit. If the blanket ban on ICOS continues, then Neo is having an early funeral.
I agree on that one. I dont think we should trust too easily that China will just clear the way for ICOs and cryptocurrency in general in the future. Its very hard for them to control and we know china do love to control things.