A deeper view into NEO and investment analysis #Background
Introduction to ANS/NEO Antshares
Antshares, often called the Chinese Ethereum, rebrands under the name of NEO. Antshares is the first open-source blockchain created in China. They will rebrand soon to the name NEO, meaning newness, novelty and youth in Greek language. The name change will take place in the 3th quarter of 2017.
The biggest difference between ANS and Ethereum can be found in the picture above. For Ethereum developers are required to learn to program with Solidity, while ANS contains a compiler, so developers can use Microsoft.net, Java, Kotlin, Go and Python. Which makes it easier for developers to start on the ANS platform.
Investment analysis
Source: Image by Todd Blackburn
Looking at the chart I would put a buy order on ANS/NEO around the 61,8% Fibonacci retracement point and put a sell order open at the 38,2% Fibonacci retracement point. This will give you a profit around 60% on a (most likely) short term investment.
You can find Antshares on Bittrex, following this link: https://bittrex.com/Market/Index?MarketName=BTC-ANS.
Look on the future of Ans/NEO Antshares
In my opinion ANS is a good short term and long term investment, with a great future ahead. The platform develops fast and they have an excellent roadmap. Also that it's based in China makes it very likely Chinese companies will choose to work with ANS when choosing to use the blockchain platform.Like what you are reading? Please consider giving me an upvote and a resteem. Also note that I’m not a financial adviser and nothing you read from me should be considered investment advice.
Thanks for reading!
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Nice post. I was about to post a similair thread. The crypto space brings the biggest group of uneducated investors with it. This group will only grow. We really need more insights in the market and previous investment results (even though they don't deliver any guarantee for the future). I really advice people to take a look at: https://www.coincheckup.com This site did all the research for you. It's truly amazing. See: https://www.coincheckup.com/coins/NEO#analysis For the NEO Detailed analysis.