Will NEO be next ETH in crypto currency world? What is the main reason for going up NEO drastically?
NEO is supported by Chinese community and they are partner with big companies that needs their service. They have a constant update and development and it has a stable price compared to other altcoins. I think this will be the new contender of Ethereum in a few years.
NEO has a lot of troubles about the Chinese legal framework for cryptocurrency and ICO token. The Chinese government banned all activities about cryptocurrency in their country, so, NEO has not chance to public and promote directly in China. Ethereum has many supporters on the worldwide, I do not think Ethereum's network has users are less than NEO.
Currently, the Chinese government is building the legal framework for cryptocurrency as soon as they can.
They are as the government wants to ban cryptocurrency forever, they only want to be sure their country does not have more investor lose money in cryptocurrency or have profit while they can not get any benefit from the tax.