The question is: Why is the price this low? Everybody who follows the Development knows of the quality and expect the price should reflect that. In my opinion a fair price for now wouldn’t be below 50k. For the long run I expect higher prices and I’m still optimistic.
So, why is the price this los?
- Mining… 14400 new Neos a day isn’t that much, but it’s 433200 in a month and that is some pressure.
- Neos is one Coin of hundreds and still under the radar
- There wasn’t much PR so far. Neos is more like a secret-pearl for those who do research and have patience.
- The price itself. People look at the price, it doesn’t look promising and before they do research they think there is something wrong with it.
To point 1) The halving will be in a few months. We are at Block 66275. Halving is at Block 105,000. That will reduce sell-pressure and could be good timing. The good thing about the inflation is: It has leading to some distribution I think. It maybe hurts the price are maybe there are more people already in Neos then expected, waiting for a buying-opportunity.
To point 2) Many Coins are abandoned and many will follow. At the same time less new projects get started. It’s about staying power and what I like if I think of Neos: Syntaks and his team prove that everyday. Others die, Neos is under high development. That will lead to results.
To point 3) PR: In my opinion, there should be something like a “growing” PR. Not hyping, more like step after step. The first step could and maybe should come out of the community. Not spamming, but organized spreading the word about Neos. What it stands for, about it’s quality, and: That the different approach is intended. That the “quite time” was intended to focus on quality without the daily price-influence and complaining about “Dev, do something to make the price rise!”. There should be more activity. The Neos-Community is great but I don’t understand why there aren’t more retweets and postings etc. It would be an easy way to make first steps out of the shadow. All over BCT are opportunities to mentioning Neos without spamming other projects. Threads like “Best altcoin to invest in 2015” and so on. Neos is mentioned, but it could be a lot more and there could be a lot more on Twitter. A second step maybe could be something like a community-fund for PR.
Under the line it’s about the question how to get the attention and how to transport the message, and presenting Neos in the future. As far as I see there could be something that is ready for higher attention in the coming release.