NEO which is said to be the leading cryptocurrency in China and ICX for Korea hasn't really been trending recently even with development updates. I've come to realise that most altcoins see price spikes because of hype especially from influencers or upcoming news or market manipulation and not how great the project is. I've been following NEO and ICX and I'm really impressed with those projects, but their development updates doesn't affect price positively. What could be the reason behind this? I will like to hear your opinions if you still believe in those projects.
The massive pump in price for NEO and ICX was during the last altcoin season, when influencers like suppoman and ilan balina will chill coins and boom the price spikes up. Those two projects are great, I'm holding some NEO anyway and I have some ICX on VELIC exchange where I benefit from staking. I really hope the prices of these coins tally with their development progress in future, holders should just be patient.