No.
Neo is backed by OnChain..
And the NEO Council has too many solid
ties, with good & fundamental projects.
Plus, it's NEP5 token, soon to be NEP-7/8, has
translated into two current exchanges--Switcheo &
Aphelion, and one future exchange--NEON..
NEP5 projects include
QLC, RPX, ONT, PKC, SWTH, CPX, SOUL, APH & many more..
There's too much of a foundation for NEO to become
irrelevant or invaluable.. For me, it's current price, is a
bargain.. It's a solid, $50-80 coin...