NEO is a ticking bomb, here is why

Neo is a ticking bomb because whales have been accumulating, which can be seen on the chart. We have a pretty long accumulation zone, and once it breaks, we can expect a Tremendeus pump. You want to buy NEO Lower, wait for a breakout, or just wait for my next analysis, and I will notify you, so make sure you follow my account. From the Elliott Wave perspective, we can see that NEO has completed the WXZXZ corrective pattern in the previous bear market. Also, the main downward-sloping trendline is broken. We have a lot of positive signs for a strong bull market on NEO. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!

Neo’s platform allows developers to use its software to run smart contracts (known as NeoContracts) and design new programs (dapps) meant to replicate real world products and services.

NeoContracts differ from other smart contract-based protocols in that developers can build applications using a variety of popular existing languages (like C# and Java), rather than learning a new language.

Thus, NeoContract’s ability to work across various programming languages can be attractive to a larger pool of developers seeking to create dapps, or support existing ones.

Delegated Byzantine Fault Tolerant
To secure its blockchain and keep its distributed network of computers in sync, Neo employs a consensus mechanism method called delegated byzantine Fault Tolerant (dBFT).

dBFT works similarly to the delegated proof of stake (DPoS) and leverages a real-time voting system to determine which computers running the software can create the next block on the Neo blockchain. This means anyone who owns NEO can help operate the network.

Each NEO token (sometimes referred to as a Neo coin) can be locked, or “staked,” to represent a vote (the more staked NEO, the more voting power.) All owners who stake NEO then vote for the consensus nodes, who are responsible for creating blocks.

For proposing and adding new blocks to the Neo blockchain, consensus nodes receive the network’s transaction fees (paid in GAS cryptocurrency). Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!

Comment:

NEO is still inside the consolidation structure. Break above the 16 USDT level will definitely lead to a massive pump, so be prepared!

Comment:

an ABC correction has been completed. It's time to buy NEO, right now.