Post
Topic
Board Altcoin Discussion
Re: NEO is falling in price why?
by
ahmad21
on 17/07/2018, 19:05:34 UTC
Antshares / NEO is falling in price a lot. Tell me some theories  Tongue

I believe most of the price drop is from DIECI, a new coin that is a blockchain killer app..

Here are my theories too:

1. It was a scam all along

2. NEO blockchain does not work

3. NEO is centralized

4. The real price of NEO is $0

5. DIECI's launch

6. People selling of NEO to buy into more advance project (EOS, ETH, DIECI)
Scam?  Really? The general trend of the market is that it is going down. The price of almost all the cryptocurrencies is down. In short the market is red. So in that case if NEO is also down this does not mean that it is a scam. Also there is lack of fiat gateways for NEO so it is traded for Bitcoin. This implies that its value is closely affected by Bitcoin which is also low in value nowadays.