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Neo (NEO) Technical Analysis: Celebrates Mainnet 2nd Year Anniversary, Price Still Won’t Budge

Published 10/19/2018, 08:55 AM
Updated 10/19/2018, 10:01 AM
 Neo (NEO) Technical Analysis: Celebrates Mainnet 2nd Year Anniversary, Price Still Won’t Budge

NEO continues to unravel away from $20 with a further -4.47% drop against BTC today. The formerly hailed ‘Chinese Ethereum’ is currently the worst-affected cryptocurrency in the top 20 from the latest bear market decline. Since the Chinese government increased its crypto ban on August 22 to include commercial activities such as advertising and journalism, NEO has seen a marked decline in investment and volatility as the additional regulation spooked investors.

This week, the Neo project celebrates the second anniversary of its mainnet launch, which took place back on October 17, 2016. To mark the occasion, Neo Global Development (NGB) announced a series of new competitions as well as a new partnership with Arqit, to boost community support and encourage new investment. The new strategic union with Arqit will see NEO move forward with developing resistance to quantum computing. Here is also their latest R&D roadmap to get an idea of the project’s plans for the rest of Q4.

Will this new effort to stimulate trad...


This article appeared first on Cryptovest

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