Neo price stalls after the much anticipated airdrop of ONT
The ONT Token was scheduled to be airdropped to all NEO holders on the 1 March 2018. It seems majorly hyped up NEO in the week before the airdrop.
If you have been following me you would have seen NEOs recent gain a week ago by about 20% all the way up to $143 USD as the hype built up about the blockchains upcomng ICO airdrop of ONT.
Now there has been some questions put forward about NEO's ability to function as a blockchain effectively. Most commonly I've seen people posting about delayed block creation on NEO's platform during ICO launches which seems to be part of why the price has dropped so much for NEO today.
Most notably there has been a few complaints about not receiving the airdrop on the NEON wallet and Binance which may have some of the community fustrated with NEO.
I personally still think NEO is a good project but as a new emerging blockchain they will have to set to bed these rumors of block delays and an inability to process many transactions at a single time.
For more Info on NEO and questions about its blockchain check out this article:
https://cryptovest.com/news/neo-price-stalls-as-ontology-airdrops-approach/
PS. I just bought some more NEO as I am looking to swing trade it. Due to he dip it has become quite oversold looking at the RSI Levels and anywhere between $106-110 is a good buying opp in my opinion.
I would be careful if it broke through $106 as the next support levels would be at $93 USD.
How to participate in Airdrops - https://blog.coinswitch.co/airdrops-everything-you-need-to-know-84b2fa0d005d.