As you know, Neo is a quite big platform with smart economy which initially known as Antshares, this project was believed to be China’s first-ever public blockchain when it was launched in February 2014. The open-source platform subsequently rebranded to Neo three years later. Neo had an impressive increasement time when from 20 USD at the end of 2017 to 198 USD in January 2018. But now, its price is diving at the bottom with around 17 USD if compare with other famous platforms which was at the same time with it such as ETH (got back 50% price compare to the old ATH). What is the reason?
1.The ecosystem didn't have much development for long time - dApps run on it almost be died or had left
. Aphelion (APH) : died
. Senno (SENNO) : died
. Alphacat (ACAT) : almost died
. Effect.AI (EFX) : had left
. Travala.com (AVA): had left
. And more...
Neo platform is hard to code on it because NEO and GAS aren't native tokens and there is not many utilities to support for developers.
2. The cost to creat a new Token on Neo is very expensive --> This is the very big issue for new dApps who wants to choice Neo's platform-->The amount of dApps are running is too little
As I know, we must to cost 5000 GAS (at the price of GAS now is 1.56 USD--> 7800 USD for total, and when the GAS was highest is 91 USD, the cost would be 455.000 USD). And if compare with ETH, we just need to cost 0.3 ETH, equivalent to 195 USD now and 420 USD when ETH was in the highest price --> too cheap compared to Neo
Look at this picture, you are easy to realize that the amount of dApps are running is too little compared with the rest. It is even worse than Steem (A project is out of money to develope and the team is scrambling and much unstable). Beside that,definitely active users and transactions can't compare.
(Source: https://www.dapp.com/article/dapp-com-2019-annual-dapp-market-report)
In another way, any hopes for Neo in 2021 and further?
There are 3 important elements I think that maybe help Neo find their position again are: Neo 3.0, Neo Blockchain Toolkit (code the Toolkit for Dotnet programmer), EcoBoost. Let's wait and see how the result comes out.
I hope here are some interesting synthetic about Neo and be able to help you to have a visual view before investing on Neo.
1.The ecosystem didn't have much development for long time - dApps run on it almost be died or had left
. Aphelion (APH) : died
. Senno (SENNO) : died
. Alphacat (ACAT) : almost died
. Effect.AI (EFX) : had left
. Travala.com (AVA): had left
. And more...
Neo platform is hard to code on it because NEO and GAS aren't native tokens and there is not many utilities to support for developers.
2. The cost to creat a new Token on Neo is very expensive --> This is the very big issue for new dApps who wants to choice Neo's platform-->The amount of dApps are running is too little
As I know, we must to cost 5000 GAS (at the price of GAS now is 1.56 USD--> 7800 USD for total, and when the GAS was highest is 91 USD, the cost would be 455.000 USD). And if compare with ETH, we just need to cost 0.3 ETH, equivalent to 195 USD now and 420 USD when ETH was in the highest price --> too cheap compared to Neo
Look at this picture, you are easy to realize that the amount of dApps are running is too little compared with the rest. It is even worse than Steem (A project is out of money to develope and the team is scrambling and much unstable). Beside that,definitely active users and transactions can't compare.
(Source: https://www.dapp.com/article/dapp-com-2019-annual-dapp-market-report)
In another way, any hopes for Neo in 2021 and further?
There are 3 important elements I think that maybe help Neo find their position again are: Neo 3.0, Neo Blockchain Toolkit (code the Toolkit for Dotnet programmer), EcoBoost. Let's wait and see how the result comes out.
I hope here are some interesting synthetic about Neo and be able to help you to have a visual view before investing on Neo.