You’ve heard of BTC and NEO cryptocurrencies but don’t know which one is better? Does it make sense to swap NEO to BTC? Which one to choose to invest in? Don’t worry. These are the most frequently asked questions, and you will get the answers.
Bitcoin is the first cryptocurrency created in 2009 by an individual or group named Satoshi Nakamoto. It has been advocated as an alternative to traditional banking since the financial crisis of 2008. The network is a decentralized and anonymous system.
NEO is a non-profit project aimed at a smart economy that incorporates a cryptocurrency of the same name as the blockchain. The first open-source blockchain project was developed in China. The issuance of its tokens is 100 million units.
Common Features
- Perspective. Both coins are very popular. They are profitable and can be a fine choice for organizing payments. Also, these coins obtained powerful support from cryptocurrency users.
- Exponential growth. These two coins have had a period of exponential growth. In 2021, the Bitcoin price was $ 67 000 per coin. It set a new historical high. NEO’s value was a few cents in 2017. But it rose to over $ 196 in early 2018. This is a pretty good indicator.
- Limited quantity. The number of coins is fixed for both cryptocurrencies. The maximum limit of NEO is 100 million coins. In the case of Bitcoin, the limit is 21 million coins. So, if more people are interested in cryptocurrencies, this deficit may push the prices of both coins much higher than they already had at the beginning of 2022.
Differences
- Age. The entire cryptocurrency industry is relatively new. But Bitcoin is much older than NEO. It appeared in 2009 and NEO in 2014. So, Bitcoin had a five-year upfront investment. As a result, investors could leverage their starting lineup and gain market share before many Bitcoin competitors existed.
- Overall market capitalization size. Bitcoin’s market capitalization is much larger than NEO’s. As of July 2022, it has a market cap of $ 372,059,697,049. NEO’s market cap in the same month is $ 608,350,433. This is a big difference.
- The creators of NEO are known. It was created by two Chinese developers, Do Hongfei and Erik Zhang. The creator of Bitcoin is a complete mystery. This is because the person (or group) who created this coin used a pseudonym. It is a popular name for Satoshi Nakamoto. By the way, there are various speculations about who Satoshi Nakamoto is. Some think this may be Elon Musk, the founder of large companies such as Tesla. However, Mr. Musk opposes these claims.
- Features. Since its inception in 2009, Bitcoin has gradually become a long-term store of value and a type of “digital gold.” It is the most famous digital coin. NEO is designed as a cryptocurrency and a platform to promote smart contracts and decentralized apps (DApps). Technically, smart contracts can be promoted with Bitcoin too. But Bitcoin is not known as a platform for such contracts. NEO plays an essential role in this.
So, both cryptocurrencies have a promising, stable, and solid foundation. You can swap NEO and BTC to ADA or any other coin. But cryptocurrencies are risky assets that can fall by 100% daily or rise by thousands of percentage points. Still, according to experts, the main cryptocurrency to buy in 2022 should remain Bitcoin (it should take about 40% of the wallet). Other coins like NEO should take only 10% of digital storage.
