5 Reasons why NEO is still undervalued

NEO Smart Economy — source: www.bitcoinmagazine.com

If you evaluate and research the whole crypto market, you will realize the most potential in this space is in the smart contract platforms. As more regulations come in from major countries around the world, most of the cryptos will have a hard time attracting high portfolio investors.

At this point, currencies as store of value is an extremely crowded space. Bitcoin will always be the best option for store value as more money comes into the market. Smaller currencies will most likely die as time goes on and the hype settles down.

The backbone of the crypto market will be on smart contracts. Smart contract platforms such as NEO and Ethereum will be where most of the innovation will occur. I know there are people who believe that cryptocurrencies are a fade and will be the next Tulip craze but they clearly do not understand this space or what smart contracts and the blockchain system is all about. Big investors know the potential of smart contract platforms and are slowly getting into or researching on getting into this young and lucrative space.

Bloomberg interview with one of the major players in Wall Street and why he believes in the smart contract platforms

NEO and Ethereum are the two main players in this space. NEO is sometimes referred to as the Ethereum of china, which in my opinion is not fair since it is built as a global platform and the team behind NEO are doing a really good job of reaching to the global community.

In my opinion, NEO is still extremely undervalued compared to Ethereum for many reasons but following are a few main ones:

1. Multi-Language — NEO supports several coding languages which makes it easier for developers to create more Dapps and test out new ideas.
2. Dividends — You get rewarded for holding NEO with GAS which is basically the fuel of the NEO ecosystem. The value of GAS has been on the rise since it was added to Poloniex exchange few weeks ago.
3. Exchanges — NEO is currently only being traded in 3 big exchanges. Once it gets on the major exchanges, such as Coinone, Bithumb, Poloniex, Kraken and others, sky is the limit. Poloniex has already added GAS, so it’s only a matter of time before they add NEO. Due to NEO’s high trade volumes, the major exchanges will not be able ignore it for long.
4. China — China has had the reputation of sticking to its own homegrown tech. Even though China has blocked exchanges and trading of cryptocurrencies, they still do not want to be left behind on this amazing technology. Currently they are figuring out a way to regulate cryptocurrencies and ICOs, which believe it or not is a good thing for the overall health of the market. According to several reports, NEO’s team have been in compliance with the Chinese regulators from the get-go. If the regulators come out recognizing NEO’s platforms as a trusted entity, it will be an amazing boost to NEO’s overall reputation.
5. Young Market — The cryptocurrency market is still very young with an overall market cap of $148 billion (per coinmarketcap.com). Once regulations come in and the market becomes more trustworthy, more money from big investors will pour into the promising companies such as NEO.

People are starting to recognize NEO’s potential and the strength of it’s community is obvious by the rapid growth in the number of the active members in all of it’s social media platforms such as Reddit and Twitter.

I have noticed that NEO and Ethereum are viewed as competitors, which is a good thing. Competition always brings the best out of people and companies. However, we must also realize that both could be extremely successful and coexist in the future side by side. The blockchain technology will have an effect on a lot of industries, so there will be plenty of opportunities for both to succeed. We are just in the beginning phases of this revolutionary technology. In the next few years we will see massive shifts in the tech sector and smart contracts will be at the forefront of it all.

Disclaimer: Statements on this article represent author’s personal views and shall not be taken as investment advice. The information on this article is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell assets, cryptocurrencies, or securities.