You need to understand - All Chinese Icos will run with NEO - Why?
Thats simple - they believe in their own products. Thats why they got their own google and look up the increase of the share(Baidu). Ofc they buy a lot of luxuary items from Germany & Co., but thats only because of the image. At least 100$ at the end of 2018.
The hype today is because of the rename on bittrex, but 8th and 10th will raise it even more.
Lol, it's not b/c they believe in their own products, it's b/c the Gov makes it harder for foreign companies to set up shop in China. They want to keep the profits in the country that's why they put restrictions on foreign companies making it harder to operate all the while opening the market for the domestic tech. They censored google's entry into China and allegedly sponsored the Hack on google.
In reality, b/c crypto is decentralized, it shouldn't matter where the technology stems from. It seems that it's the WEST that is pumping and declaring NEO to be China's defacto blockchain. Look at the volume. Most of the trading comes from Bittrex which is a western exchange. On their biggest chinese exchange Yunbi, Neo only has 1/2 the volume currently of Qtum.
Neo has alot of upside, but this whole "Chinese Ethereum" Shtick is ridiculous. Countries do not need to have their own Crypto.