It seems like Antshares price has dropped from $10 to $5.50 within last couple days.
If we will look at the graph, we can clearly see typical "Pump and dump" motion. Pink arrow = pump, blue arrow = dump
Despite the fact that Antshares were used for "make fast cash"by many investors, I think that the project by itself is very promising, and has a lot of potential. It was positioned as "Chinese Ethereum" and after rebranding, it entered the market with surprising power.
I think that at this support line, for those, who missed early start,$3.80-5.20 is a perfect price to get Antshares for long-term game.
Today, I got about 50 Antshares when the price was around $5.20 per coin. It's possible that the price will keep going down to $4 but I expect further and constant growth of this coin in the future.
There are a lot of information have been said about Antshares (NEO), but I would like to highlight some points expressed by Da Hongfei:
NEO is collaborating with certificate authorities in China to map real-world assets using smart contracts;
NEO has received a new patent for cross-chain distributed interoperability;
NEO’s recent new startup partners include Bancor, Agrello, Coindash, Nest Fund, and Binance, with more partner announcements to come.
(Source for Da Hongfei statement: https://bitcoinmagazine.com/articles/antshares-rebrands-introduces-neo-and-new-smart-economy1/)
Also, current Antshares circulating supply equals to 50,000,000 . Which is almost twice less than Ethereum. That is also very promising, considering that it has all chances to grow to $100-$400 in case of market cap growth.
Please, share with me your opinions in comments. I would like to know your opinion and analysis. Thank you!