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RE: China's plan to use LTC as main crypto currency!

in #bitcoin7 years ago

Litecoin has jumped up manifold in the past 3 months. NEO, on the other hand has jumped to a low of $22 from $40. Any idea what is happening in China with NEO? I feel NEO has a long way to grow especially in the Chinese market

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NEO will do fine eventually. China just wants to get some order and sanity in the ICO offerings. ICO's unregulated allows many shady characters or fraud to enter the crypto market. China wants to avoid fraud. China supports crypto currencies and wants it to have a future. Once China gets some rules and regulations in place for new ICO's NEO will take off. I would just hold NEO and be patient. Everything will work out for the better as we get some oversight and regulations to prevent outright fraud.