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RE: NEO Bounces Back In Price? My Thoughts.
The NEO recovery is because the founder Da Hongfei claimed he was asked by the Chinese regulators to give advice on the crack downs and ICO bans. He approved of the crack down to prevent scams, given the crack down effects NEO and he approves it means something is set to change with some regulations/rules incoming and/or NEO is safe in the mid-long term from Chinese regulation.
After this NEO obviously is going to bounce back and maybe go on breaking new highs.
This hasn't been confirmed, as far as I know, from the Chinese regulators if he was asked to give advice. Could be all BS to get confidence back in NEO and push price up and then again its China they could suddenly change everything over night and surprise us all.