Neo (NEO), the crypto that runs
Neo is a crypto that has recorded one of the most impressive performances since the beginning of the year. Let’s look at it together in this in-depth discussion.
The cryptocurrency Neo (formerly AntShares) has been one of the most notable gallops in the crypto world in 2023.
From January 1 to today, the token has appreciated almost 150%, let’s take a closer look at it together in this spotlight.
The origin of the project
Neo was officially born in 2016, although the first version saw the light of day in 2014 thanks to the collaboration between Da Hongfei and Erik Zhang.
At the time of its launch, Neo was called Antshares, but almost immediately took the name as we now know it.
The name change happened close to the launch in order to have a name that was smarter and usable by the market.
The company wants to create a smart economy through its blockchain and smart contracts.
The digital currency is based on DBFT (Byzantine Fault Tolerant Decentralized Consensus) and can process more than 10,000 transactions per second.
Neo is not the company’s only token; There is actually another symbol called Gas.
This second token has the function of being the instrument for the payment of fees and is not subject to inflation regulated by an ad hoc algorithm.
Trend for Neo (NEO) crypto
The past week has been nothing short of memorable for the token that has the same name as the protagonist of the Matrix trilogy.
The token had the second best growth among Chinese currencies with a performance of +72.30%.
The currency regularly entered the top 15 by market value and can boast just under 1 billion dollars.
If the weekly figure is impressive, the figure so far this year is no less impressive. In fact, Neo has risen since January 1st by 142.20%.
Today, the price of NEO stands at €13.92, a gain of 28.16% compared to yesterday and a circulating supply of 70.5 million units.
Latest news about Neo
The currency, which prides itself on its complexity stemming from the various programming languages that make it up, has benefited from a boost in particular from Hong Kong’s political shift.
From 1 June this year, it will be possible to trade with cryptocurrencies in the city-state.
The consequences of this momentous election were immediately seen in trading of Chinese tokens which rose sharply.
Among the top performers as mentioned above was Neo, which was able to take advantage of the bullish sentiment.
Thanks to the new opportunity to invest in digital currencies, Chinese banks have increased their exposure to cryptocurrencies and Neo has benefited from strong liquidity inflows.
News emerged on the 11th of last month that Neo released Neo Year Review, a facilitator that makes it easy to set up new crypto projects.
Last September, on the other hand, saw the light of Neo Pod, an initiative that aims to finance the best projects and talents in the crypto world.
The initiative is a result of collaboration with the top sixteen universities in the United States despite the Asian government’s confusion.
The GrantShsres expansion has provided a clear and effective funding opportunity for Neo’s decentralization.
The control of operations that happen through the DAO has seen $145,000 in funding flow in for next generation projects.
Not only the development of new projects, the company’s best programmers actually also focus on DeFi, GameFi, Web3 and metaverse to keep up with trends.
Speaking of Neo, actor and investor Keanu Reeves, who was the main character in the Matrix trilogy, expressed his opinion in an interview.
The star emphasized the benefits of crypto to Wired reporters at the premiere of his new John Wick movie:
“I think the principle and ideas behind an independent currency are wonderful.”
These were the words of the actor, who, on the other hand, was more skeptical of the metaverse:
“It’s a show […] a system of control and manipulation. We kneel and look at the cave walls and look at the projections without being able to see behind us. Or sideways.”
