NEO Rises

Chinese cryptocurrency NEO, made a massive jump last week gaining 60 percent value as speculations raise abut China-NEO co-operation.

Last monday NEO CEO Da Hongfei made a statement and cleared question marks about the future of the NEO in China regarding ICO ban.

It has never been confirmed. I think that regulators/governing entities are mainly concerned with the challenges that Bitcoin and other cryptocurrencies bring with them. But before they started cleaning up the market, I was asked to provide information and suggestions”

Upon this statement Da also gave some clue about China-NEO collaboration by saying;

“I do not expect the government to call me in the short term to say: Let’s use NEO as the blockchain technology infrastructure in China. But in the medium-to long-term? Why not? I think it’s possible”

These statements made a great impact on the market and NEO soared to 30 dollars from 18 dollars.

neo coin