neo

$NEO
Do you know?
#NEO was the ORIGINAL "Ethereum Killer", "China's Ethereum," a TOP-5 coin that hit $200. Nearly a decade later it's ~$1.65, down ~99%… and STILL losing ground against the very Ethereum it was supposed to kill. Welcome to the "ETH Killer Graveyard." 😳
The Raise:
▶️ Launched 2014 as "Antshares" by Da Hongfei & Erik Zhang, China's first open-source public blockchain
▶️ Rebranded to NEO in 2017; dual-token model: NEO (governance, generates GAS) + GAS (transaction fuel)
▶️ Crowned "the Ethereum of China", the first great "Ethereum Killer"
Sale Price:
➡️ Oct 2015 ICO: ~$0.032/NEO, raised ~$560K (ATH ROI: ~6,250x)
➡️ Aug–Sep 2016 crowdsale: ~$0.33/NEO, raised ~$4.5M (ATH ROI: ~606x)
➡️ Total ICOs: ~40M NEO sold, ~8,219 $BTC raised, ~$5.06M total funding
➡️ May 2019 Funding Round: $100M (Price Undisclosed) As Per CryptoRank
Here's the wild part 👇
NEO ATH: $200 (Jan 15, 2018), A TOP-5 coin, one of the strongest rallies of the entire 2017 mania, on the "China's Ethereum will flip ETH" narrative.
Then reality, the ETH-Killer curse:
→ 2018 Crypto Winter + China's regulatory crackdown gutted it → below $8 by Dec 2018 (-90% in a year)
→ It never reclaimed the top. Every cycle, the market crowned a NEW "Ethereum Killer" and moved on
→ Meanwhile Ethereum's DEVELOPERS, LIQUIDITY & NETWORK EFFECTS only got stronger
→ NEO is STILL bleeding vs $ETH years later, the "killer" got left behind by its target
→ $200 → ~$1.65
The bigger lesson, the "ETH Killer Graveyard":
→ NEO (2017), EOS (2018, the biggest ICO EVER, now ~$0.06), Tron, and a dozen others were all sold as "the Ethereum Killer"
→ Almost every one massively UNDERPERFORMED the thing it promised to kill
→ "This is the ETH killer" has been one of the most reliable EXIT-LIQUIDITY signals in crypto history
Today:
➡️ Trading near ~$1.65 (down ~99%+ from ATH)
➡️ Rank ~#199, ~$119M market cap, from a former TOP-5 giant
➡️ Still operating (real chain, dBFT, Neo X EVM sidechain) but a fraction of its peak and its relevance
Lesson for my CryptoPatel Family:
👉 BE DEEPLY SKEPTICAL OF "[X] KILLER" NARRATIVES. "Ethereum killer," "Bitcoin killer," "Solana killer", this framing has minted more exit liquidity than almost any other. The challenger usually becomes the corpse.
👉 NETWORK EFFECTS > TECH. Ethereum kept its developers, liquidity & users. Better specs don't beat a bigger network. Bet on adoption, not "our tech is faster."
👉 A NEW "killer" every cycle means the OLD ones DIED. NEO, EOS, and others were each "the one." Where are they now? The narrative recycles; the bags don't recover.
👉 A ~606x from ICO became -99% because holders believed the "flippening" hype instead of BOOKING PROFIT.
Every bull market anoints a new "Ethereum killer," and every bear market buries it. The coin that's going to "flip" a dominant network is almost always just this cycle's exit liquidity. Respect network effects, distrust the "killer" story, and take profit when the hype peaks.
Not Financial Advice. ALWAYS DYOR.

The Numbers Right Now:
Price: $1.68224h Change: -1.32%ATH: $196.8524h Volume: $2.9MMarket Cap: $118.1MCirculating Supply: 70.5MVWAP: $1.676EMA (8): $1.677Issue Date: June 1, 2014
What Is Neo?
Neo is one of the oldest smart contract platforms in crypto. It was launched in 2014 – before Ethereum even existed.
Originally called "Antshares," it rebranded to Neo in 2017. The vision was simple: build a "smart economy" where digital assets, digital identity, and smart contracts all work together.
Think of it as China's answer to Ethereum. It was one of the first blockchains to support multiple programming languages (C#, Java, Python), making it easier for developers to build.
Neo has two tokens:
NEO – governance token. Hold it to vote on network decisions.GAS – used to pay for transactions and smart contract execution.
At its peak in 2018 and again in 2021, Neo hit $196.85. It was one of the top 10 cryptocurrencies in the world.
What Happened?
Neo's story is one of timing and geography.
In 2017–2018, Neo was huge. The "Chinese Ethereum" narrative was powerful. But as the crypto landscape shifted, Neo lost momentum.
Competitors like Ethereum, Solana, and Avalanche grew faster.The Chinese government crackdown on crypto affected sentiment.Development continued, but the hype faded.
Now, price sits at $1.682. A 10-year journey from a groundbreaking project to a quiet $1.68 token.
Where Is Price Right Now?
Current price: $1.682. EMA at $1.677. VWAP at $1.676.
What this means: Price is trading slightly above both averages. The recent market is balanced.
Look at the left side of the chart. There are levels like $1.880, $1.860, $1.840, $1.820, $1.800, $1.780, $1.760, $1.740, $1.720, and $1.700. All of these are potential resistance levels above.
The 24h high is $1.70, and the 24h low is $1.67. That's the current range.
The question is: Can it break through these levels and reclaim higher ground? Or does it consolidate here?
Questions to Think About
If you're still holding Neo, what makes you stay?Is it because you believe in the project's technology – or because you're waiting for a return to $196?At $1.68, does this feel like a bargain, or does it feel like a relic of the past?Neo has been around for 10 years. Does that make it more trustworthy – or more outdated?What would convince you that Neo still has a future?
One Reflection
From $196 to $1.68. That's a 99% drop.But Neo is still here. The network is still running. Developers are still building. It's been around longer than most projects in crypto.Sometimes the oldest projects are the ones that survive the longest. They don't make headlines anymore. But they're still standing.So the question is: Does Neo at $1.68 represent value, or is it just a memory of what once was?
Who still remembers Neo from 2017? Share your story. 👇
$BTC $BNB $NEO
#cryptoeducation #NEO #tradingpsychology