The market is responding to the further clarity surrounding ICOs in China and the increased understanding that further vetting of potential ICOs can actually be a good thing for NEO going forward, I am expecting to see a small decrease in price again to maybe $25 but then a fairly steady rise as the year concludes.
Exactly my thoughts. I think the regulation will improve the crypto landscape out there and more investors will flock in as they know they will be protected.
NEO $100 before year end me thinks.
protection for investors is really good for the maket, but i dont think that neo will reach $100 before xmas. maybe $50
I agree with the second part of your statement, but not with the first. I think september will still be a bad month for neo, but once the regulations are in place and neo can be used by the chinese to invest in ICO's again, it will surpass its ATH and go straight up to the triple digits
I agree, can't see Neo going anywhere but up and at a pretty rapid rate. Expecting to see at least $70+ before christmas and would be quite surprised if it didn't reach $100 by then. Though it all depends on how difficult the new changes are regarding gaining a permit for a new ICO in China, this could be a drawn out process that takes a couple of months to complete which obviously wouldn't be good in the short term for Neo.
do you think neo can approach eth price by 2020? do you feel it definitely wont be below $30 in 2020?
If it doesn't go over 300$ by 2020 I'll eat my dick live on TV together with John mcAfee.
that's the kind of conviction I like to hear
$500 possible? and what are the odds neo in 2020 is lower than it is right now?
Of course that's possible, but I don't think it's very likely. Then again, they said bitcoin would never reach 3K before 2018 yet here we are, sitting quite comfortably around 4.5 - 5K and it's still 4 months to go. The odds of neo being lower than it is right now are extremely slim IMO. I think the only reason why this would happen is due to a major hack of some sorts, which is very unlikely as NEO is one of the safest technologies in the world, even working towards NEO Quantum which will be virtually unhackable. In conclusion, I'm very optimistic in seeing NEO reach triple digits by the end of this year, and keeping that position for the next 5 to 10 years, quite possibly reaching 300, 400 or indeed maybe 500$ a coin (estimated marketcap of 50 billion, which is about 40% over Ethereums current cap and 35% under Bitcoins current cap)