NEO was for a long time the biggest Altcoins in my portfolio, but after Ontology was made NEO seems to have been in trouble, the price of NEO keeps dropping and it has lost more than 80% this year.
The total supply of Ontology are 10 times bigger than the total supply of NEO, and the price of Ontology are now around 11% of the price of NEO, this means that if all coins from both project was on the market, and they will one day, then Ontology would have a bigger market cap than NEO.
So what is the future of neo, I still hold most of my NEO but is worth holding it, or should I go full into ontology, or should I just work away from both coins?
The price of NEO is going down because of a bearish market trend, and Ontology is in a correction too. I would advice you to diversify your portfolio and invest in both projects because I think they have ambitious plans for the future and you will get big returns investing in the long term.
No, NEO is going down due to the lack of demand and development. These investors are moving to put their money to another altcoin that will give them all a lot of the value. You can see that how the daily volume of NEO has been decreasing a lot from its peak. That means the demand for neo has been going out. This should become the main concern.