NEO is developed by Erik Zhang & Da Hong Fei in 2014 and is based on the blockchain technology. The platform can be used to create a decentralized application and build ICOs as per the feasibility and requirement. Recently the team has launched Switcheo, a decentralized exchange for cross chain trades between Ethereum and itself has become the first of its kind to enable such exchange. NEO, which was formerly known as Antshares & got rebranded in 2017 uses Delegated Byzantine Fault Tolerance (dBFT) algorithm for faster transactions. The aim is to develop a smart economy through integration of digital seamlessly.
As on April 27, 2019 at 11:49:01 UTC, the market cap of NEO is 612,381,990 USD, the price is 9.42 USD & 0.00179163 BTC and 24 h volume is 262,424,797 USD. The ROI of the coin is recorded as 5,116.09% with a circulating supply of 65,000,000 NEO against the total supply of 100,000,000 NEO which is also equivalent to the maximum supply of the coin. NEO has secured 17th position in the CoinMarketCap list of top 100 cryptocurrencies with Ethereum Classic on its tail.
The downtrend of -5% has been seen in the last month. As on March 30, 2019, at 06:49:02 UTC, the market cap was recorded at 651,415,278 USD, the price was trading at 10.02 USD & 0.00243684 BTC and 24 h volume was 362, 250, 713 USD. In the last 30 days, the highest price has reached over 13.73 USD, in the last 7 days it was around 11.17 USD. The lowest was 9.11 USD in the last 30 days and it was the same in the last 7 days as well.
In the next 2 years, the price of the crypto can reach as high as 500 USD and in the next 5 years, it can be around 1000 USD owing to its innovative features and technological backing. The NEO team has also built a gaming ecosystem which supports Unity, Cocos among other mainstream engines. The platform allows amateur game developers to use NEO guidelines and develop games of their choice and according to their expertise. Recently, an event was also hosted in Beijing on the usage of Blockchain in gaming development and it saw participation from gaming enthusiasts, key market players and thought leaders in the same & related sectors. With such events, the crypto is already gaining popularity among millennial, entrepreneurs and investors but the team has to look for lasting solutions generating continuous results for the coin to outlast its competitors and climb up the coin ladder. And it seems the team is already on it.