Alright guys let me clarify what happened to the NEO price by travelling back to the beginning of this year. China temporarely closed a few major exchanges, so prices crashed hard. Now, China wants to keep its investors safe and financially stable by cracking down on scammy ICO's. As we all know, a lot of ICO's in China are being funded by NEO. No more ICO's, means no more immediate need for NEO. Is this however a longterm problem? I don't think so. I believe Neo will be up to 25/30$ by the end of this week. Why? Because 1. it's still an amazing product, 2. Red Pulse will still prove to be a very lucrative investment so anyone not from China/Singapore/USA can still make big bucks, and 3. every time a crash happens, there's always people picking up the scraps. Neo is trading at 20$ right now, almost 3 times as low as its ATH, so we'll see a lot of money pouring in.
Also, China isn't going to permanently ban ICO's, just like they didn't permanently closed the exchanges in the beginning of this year. All they want is to regulate them, but in order to implement the changes, they need to ban them, for now. Honestly no need to worry, if anything buy now, it's not going to go that much lower (we might see 15$ but don't count on it), 20$ per Neo is a hell of a deal
I agree. After everything is settled, NEO will rise even higher since it will be a more thrusted platform. Also, China isn't going to permanently ban ICO's, just like they didn't permanently closed the exchanges in the beginning of this year. All they want is to regulate them, but in order to implement the changes, they need to ban them, for now. Honestly no need to worry, if anything buy now, it's not going to go that much lower (we might see 15$ but don't count on it), 20$ per Neo is a hell of a deal
