Ever since the announcement that big news will be announced for NEO, the price has skyrocketed.
However, this will be a quick post explaining why you should also turn your attention to an undervalued token that will benefit greatly from the announcement.
First, what will the announcement likely entail?
Let’s look at the evidence.
- The announcement was made by a CoZ member (CoZ is a voluntary development arm of NEO and are mostly technology focused)
2. The whitepaper of the new NEX platform will be announced at the same time (https://neonexchange.org/)
There are no real indicators of Chinese government approval. It’s likely that government approval would be announced by the official NEO News twitter instead of a CoZ member with only 800 followers and CoZ usually speaks about NEO developments— but this is all speculation so let’s not dwell on it.
Instead it seems likely that NEX will be the big reveal and what a big reveal at that. Why? Because of Loopring.
Loopring is an integral part of NEX. It will facilitate swaps between ERC20 tokens and NEO based tokens. That is huge for legitimizing NEO as a real play in the decentralized space. Not only that but Loopring is also working with Metaverse (another Chinese project vying for the decentralized Chinese market).
Loopring is bigger than 0x or Airswap because they are working with CoZ to build inter-chain functionality between NEO and Ethereum. It is the Chinese DEX of choice and will have huge profit potential once this is realized by the community.
Loopring sits at a small 50 million market cap. Upward projections place it around ~200 million short term.
If the expected bittrex listing happens in December it will go nuclear
People are noticing and the price is moving.
Loopring is advised by Da Hongfei.