Mainnet N3 is helping NEO gain momentum, but be careful because …
Proponents argue that NEO brought something unique to the market and is streamlining the complex crypto world dominated by Bitcoin and Ethereum. Right now, while volatility is more or less the norm for cryptocurrency prices, it’s the capabilities of the network that really determine its value.
And recently NEO introduced a new encryption system that makes the work of developers a lot easier.
Is NEO beating Ethereum?
Maybe in his own way.
NEO has grown steadily since its introduction in 2014. During the rally in May it rose 483% to hit an all-time high (ATH) of $ 123. With this high, NEO is already in a consistent development stage and in August the blockchain launched the N3 mainnet.
The N3 mainnet started as expected and made the network able to handle 10,000 TPS. The biggest development, however, is for developers.
NEO price chart | Source: TradingView
The release of N3 enables developers to create smart contracts on the network in any programming language of their choice. This can only be achieved through strong development activities that are clearly visible thanks to on-chain data. Because N3 supports most of the world’s most popular programming languages, developers don’t have to learn new languages.
Comparing this to Ethereum and Cardano, one could argue that Solidity and Plutus restrict this freedom of choice to some extent. By taking care of developers, NEO is now attracting much-needed attention.
NEO has a variety of programming languages ​​available | Source: TinManNEO
What does the N3 mainnet look like for investors?
Well, since the start of the N3 mainnet, NEO has grown 154%. Despite being hit by a 27.8% decline on September 7th, the on-chain data continues to maintain an upward trend.
For example, the ROI of NEO is relatively high, even higher than that of Bitcoin and Ethereum.
NEO ROI vs. Bitcoin and Ethereum | Source: Coinmetrics
The market value of NEO is also stable, above 1.5. Network participation also increased after a dramatic decline in May. The active address growth results from the introduction of the N3 mainnet.
Many investors get into NEO because it has very low volatility. However, you have to keep in mind that it also has an equally low Sharpe ratio. Hence, you should enter the NEO market with caution.
NEO investor sentiment | Source: Santiment
You can see the NEO pricing details.
We invite you to join our Telegram for faster news: https://t.me/coincunews
Mr. Teacher
According to AMBCrypto
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Mainnet N3 is helping NEO gain momentum, but be careful because …
Proponents argue that NEO brought something unique to the market and is streamlining the complex crypto world dominated by Bitcoin and Ethereum. Right now, while volatility is more or less the norm for cryptocurrency prices, it’s the capabilities of the network that really determine its value.
And recently NEO introduced a new encryption system that makes the work of developers a lot easier.
Is NEO beating Ethereum?
Maybe in his own way.
NEO has grown steadily since its introduction in 2014. During the rally in May it rose 483% to hit an all-time high (ATH) of $ 123. With this high, NEO is already in a consistent development stage and in August the blockchain launched the N3 mainnet.
The N3 mainnet started as expected and made the network able to handle 10,000 TPS. The biggest development, however, is for developers.
NEO price chart | Source: TradingView
The release of N3 enables developers to create smart contracts on the network in any programming language of their choice. This can only be achieved through strong development activities that are clearly visible thanks to on-chain data. Because N3 supports most of the world’s most popular programming languages, developers don’t have to learn new languages.
Comparing this to Ethereum and Cardano, one could argue that Solidity and Plutus restrict this freedom of choice to some extent. By taking care of developers, NEO is now attracting much-needed attention.
NEO has a variety of programming languages ​​available | Source: TinManNEO
What does the N3 mainnet look like for investors?
Well, since the start of the N3 mainnet, NEO has grown 154%. Despite being hit by a 27.8% decline on September 7th, the on-chain data continues to maintain an upward trend.
For example, the ROI of NEO is relatively high, even higher than that of Bitcoin and Ethereum.
NEO ROI vs. Bitcoin and Ethereum | Source: Coinmetrics
The market value of NEO is also stable, above 1.5. Network participation also increased after a dramatic decline in May. The active address growth results from the introduction of the N3 mainnet.
Many investors get into NEO because it has very low volatility. However, you have to keep in mind that it also has an equally low Sharpe ratio. Hence, you should enter the NEO market with caution.
NEO investor sentiment | Source: Santiment
You can see the NEO pricing details.
We invite you to join our Telegram for faster news: https://t.me/coincunews
Mr. Teacher
According to AMBCrypto
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
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