What is NEO ? Is NEO a good Investment on 2021?

A detailed analysis is presented below for NEO smart contracts. NEO is basically a cryptocurrency Token that performed very well during the year 2017. It had a good return of 21,000% return on investment (ROI) for its investors. NEO blockchain is the only blockchain that can be compared to Ethereum blockchain due to its features. So it’s also called a Chinese Ethereum or Ethereum killer. Although NEO is a promising smart contract-based blockchain technology that aims to digitalize real-world assets and operate using smart contract technologies, it has various flaws and issues like other cryptocurrencies.

NEO token was founded by  Da Hongfei and Erik Zhan in China in 2014. NEO was also again rebranded in 2017. NEO also resembles the US-originated Ethereum network. So definitely NEO is a good investment in 2021 since it is expected to reach up to 101$ in 2022 with a 220% gain. During the 2021 Bitcoin bull run, NEO already crossed 140$ and as of now, it is currently trading at 28$ with a 24 Hour volume of 15.23M.

What will NEO be worth in 2025?

NEO is most likely to cross 400$ within the year 2025 since it already crossed 141$ during the bull market of bitcoin in 2021. This token is a good investment for the short-term future.  NEO is having a live market cap of $2,023,151,476 USD. It has a circulating supply of 70,538,831 NEO coins and a max. supply of 100,000,000 NEO coins

Which type of Blockchain technology NEO token is based on?

Basically, NEO is a token that resembles the same smart contract as Ethereum but it has some flaws and issues which make ETH a more user and system-friendly network. NEO is built on its own NEO ecosystem and a Decentralized Autonomous Organization blockchain technology.

For more information go through this video which will be more helpful.

How much do you own of this crypto? and most importantly what do you think of this crypto? Let us know in the comment section.

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What is a Solana?

Anatoly Akavenko is the founder of Solana. It was first drawn on a white paper. Solana is a decentralized platform that uses SOL crypto coins to pay for every transaction made within 400 MilliSeconds. It is an open-source platform that uses both general agreements between Proof of Stake (POS) and Proof of History (POH). Every transaction made in this blockchain technology is super fast compared to the Etherium and Bitcoin having 10 Sec and 10 Minutes respectively. Solana also claims that they can even handle 710,000 transactions per second which are pretty crazy 30 times more than what VISA currently handles. Also, it’s super cheap as compared to ETH gas fees.

7 Reasons why Solana coin is better than Any other?

Since 2008, the Crypto King (BTC) value is increasing as every year the halving takes place. This process is somewhat known as dividing the number of generated rewards per block to maintain the total supply of BTC. This halving occurs every 4 years. Block reward is the main purpose of mining the BTC. When users transfer their BTC to another wallet a gas fee is charged by the network, which goes to the miner as a reward. Due to the halving and fixed supply of BTC in the blockchain this gas fee decreases. Because of the decrease in the value of gas fees the miners get lesser rewards, which ultimately increases the value of BTC. The faster mining the better is the reward. The BTC blockchain is based on Proof Of Work (POW).

  1. Low transaction fees
  2. Proof of History consensus based key innovation
  3. Superfast in transaction speed
  4. Proven capability of handling of upto 50000 transaction per second
  5. No requirements to be a validator

What is Ethereum, London Hard Fork, and EIP-1559?

In 2015, following the BTC blockchain, another crypto named Ethereum was launched by Vitalik Buterin. This coin was originally inspired by the Bitcoin-based blockchain technology but has features like a smart contract which makes it easier for it to be used in all types of functionalities. Since Ethereum has a higher value of gas fees, Vitalik Buterin first proposed five major improvements to be made in ETH to make transactions faster with lower gas fees. One of these is EIP-1559 or London Hardfork.

You can find more about Solana in this video. Watch it till the end.

Let Us know in the comment which crypto do you like and why?