Neo (NEO) Best Opportunity to Step in, Latest News
With the market slightly reversing in prices after the experienced losses for the past few weeks, this could be the best moment to not let the train go by. For many the present token movement could equal to loss, however for others it represents a perfect window to get themselves involved. And with all the crypto-altcoins making major movements in the industry, there are plenty of options out there.
When the coin prices are dropping, most turn to the technological strength that sleep behind the cryptocurrencies. As altcoins are doing major infrastructure/network development, traders are turning their eyes towards as opposed to Bitcoin. Still, the lead impacts the prices the most.
During the bullish trend in the crypto sphere that occurred in December 2017, and in the early month of this year (February 2018), the price of NEOincreased considerably at $187 and its market cap at that time was about $5 Billion. The crypto held its momentum towards Bitcoin’s price downtrend, thus, falling to a price tag of $144 by late February.
It is important to keep in mind that only in the last seven days the total market cap has increased from $250 bil to $275 bil. The price of NEO is at $35.95 against the US Dollar. If everything goes well for the second part of the year, this is the moment to go in.
NEO recently began the election of a City of Zion consensus node into its mainnet. However, this occurrence serves as the avenue for the decentralization of its blockchain network.
To have it clear, the above mentioned City of Zion are an independent group made of translators, designers and developers with a global reach that have teamed up to back up NEO core and the network as a total.
“We have to be very careful with decentralization of the consensus nodes, because the protocol of NEO is evolving very fast. We need those consensus nodes to act very quickly to upgrade, and if there is a bug or a security issue, we need them to respond very quickly. So we’re doing the decentralization process slowly, gradually and very carefully.” – Founder of NEO – Da Hongfei
160 teams are competing to develop the most engaging gaming applications based on the NEO blockchain network.
The competition, run by NewEconoLab, is trying to make the network famous among game developers and the gaming community. According to its rules, all games must be open-source and NEO-blockchain based, with assets, behavior data and game logic being put on the chain. Registration opened in May.
The first NEO Blockchain Game Development Competition is in full swing! @NEO_Blockchain @NewEconoLab More than 160 teams have signed up for the competition. Don’t hesitate to join us. For more information, you can visit our website??https://t.co/bZyS99OUTD— NEO.Game (@NEO_neogame) July 14, 2018
The rebranded Antshares – NEO is in a similar position as various successful Chinese firms as it aims to be a platform for a smart economy through its NEP-5 tokens. Very-ecosystem impacting were various ICOs that were executed on the platform like Deepbrain Chain, Qlink and Ontology. It runs on the Byzantine Fault Tolerant consensus function, by which it is targeting to offer solutions for the Byzantine Generals Problem.