The base currency in the NEOUSD pair is the NEO token, and the quote currency is the US dollar. This instrument attracts both investors and traders. The NEOUSD's growth potential is high as blockchain technologies are growing more and more popular. Besides, it's volatile enough for you to make big profits within a short period.
NEO is a Chinese blockchain project and cryptocurrency. It was created as Antshares in 2014 and then renamed in 2017. NEO is viewed as Ethereum's counterpart as the platform also uses smart contracts to conduct transactions faster and safer. One hundred million NEO coins were distributed during the ICO in 2015.
To analyze the NEOUSD, experienced traders recommend following information on NEO start-ups, particularly NEO 3.0. Blockchain technologies are believed to have a bright future and be used everywhere. So, NEO engages developers in creating NEO-based apps, like Ethereum and similar projects do.
Making a prediction for the NEOUSD pair, consider news from China in the first place as the NEO project is owned by a Chinese company. Moreover, since China views the development of blockchain technologies as strategically important, there are a lot of cryptocurrency market regulation documents there. Also, pay attention to the economic and political situation in the world, particularly in the USA.
Risk warning: Trading in FX and CFDs entails high risk of losing capital.
