If NEO is dead, who is supporting the price in the low $30s?
Here's my theory...
Chinese government officials are now aware of the price potential and have taken action to cool demand for NEO. At the same time, the NEO team agrees to stop selling their coins in China. While the market focuses on other coins, these Chinese officials are quietly backing up their trucks, loading their boats, or filling their rickshaws with NEO.
I'm betting that in the coming days or weeks, the Chinese government makes a crypto-favorable ruling, requiring very basic filing and reporting on ICOs or perhaps does nothing, and NEO will then launch into the stratosphere.
Government officials are corrupt, including those in China. Wouldn't they themselves want to benefit by the huge potential that is NEO?
I agree
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Makes a lot of sense to me. Good point
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