NEO — “the Chinese Ethereum” — looks set to shine if the Chinese Communist Party allows it.
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Approximate Market Cap: $3 billion
Year Established: 2016
Cost Per Transaction: Nominal
2020 Return: 63%
Score: ★★★★
Don’t be fooled by NEO’s sleepy looking returns in 2020. NEO (formerly known as Antshares) is one of China’s earliest and largest cryptocurrency ventures. The coin fell hard in 2018 as the Chinese government cracked down on cryptocurrency exchanges. But in 2021, the coin staged a remarkable resurgence as Chinese regulators turned their ire to Ant Group, a payments processor.
With the Chinese Communist Party now rethinking its stance on cryptocurrencies, NEO has a chance to shine once again.