It seems like the bear market is far from over.
Another possible 12-18 months of downtrend could be faced by Neo and the the rest of alts.
Will this be a second Opportunity for those who missed the antshare prices? Time will tell.
Really thought the bottom was around 15 for Neo, but it seems we could drop 90% more from 15, down to 1.5.
As most people are expecting BTC to drop to 1100-1800, which is another 50-65% drop , it is pretty reasonable to expect NEO to drop at least 85% from its current price of 7, or down to 1.05.
The time zone for this to take place could be in the next 4-6 months before market start a bottom formation for another 4-6 month.
It will be many bounces along the way, but would be just to make some lower highs.
"IF" Neo survives this bear market, hodlers could see some astronomical values for Neo in the next 3-5years, could possible 2x previous all time high of 195.
The current market cap of Neo is ~500M. An 80% drop would drop the marketcap to 100M. Reasonable enough to see 100M marketcap of Neo?
The market cap of Neo 2 years back, 2/2/17 was 6.8M.
Last time NEO saw a 100M market cap was in June 2017.
June is 4 months away from now, which is within the time frame in which im expecting Neo to find its lowest low of this bear market
Happy accumulation at 1.5-09 if it ever gets there.
check out my youtube channel "sen crypto" for latest Neo update