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NEO Boom or Bust? New Announcements and FUD.........Ripple Also

Image result for crypto currency NEO and Ripple logos together Image result for crypto currency NEO and Ripple logos together

The beauty of market information is the effect it leaves on the currency, especially when such an announcement is considered to have a long term effect on the company's product, services and profitability.

This was played out last weekend when Blockchain company NEO made a number of important announcements, resulting in a significant price jump, from its traditional $35 position to $41 and beyond, even with the company promising to make more announcements this week.

The first announcement that sent the coin price hurtling up more than 15% was the use of NEO on the Ontology platform, a new distributed trust network by Onchain. NEO offers programming flexibility and asset based functionality with are essential components for the new system.

In spite of the announcement and the subsequent price bump, NEO has faced some relatively harsh criticism, particularly regarding its centralized nodes. One article appeared on GitHub, offering at least six reasons why NEO is not a particularly good investment before the weekend, only to be responded to via Medium by NEO insider, Malcolm Lerider.

The accusations include a number of ‘warning signals’ which appear to be responded to in a careful way by Lerider, who refers to the entire earlier post of ‘Investor Warning’ as non-factual fear, uncertainty and doubt, or FUD. Regardless of online debates, as they say, the proof is in the pudding - if the warnings about NEO are true, it will come to light soon. However, if the platform is really as robust as it seems, the price may be a very low buy in point for future gains.  

While Lerider concluded that NEO will make another announcement after the weekend, Ripple blockchain is pleased with its cross-border payment integration with two major banks American Express and UK Santander banks.

At press time ,this Monday morning, NEO is trading for $41.17, and Ripple $0.234248.


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