Is VeChain following in the path of NEO? Will it be a $100+ coin soon-ish? Why should someone NOT devote most of their portfolio to VEN?
I'm trying to be level headed because there have been many coins that have been shilled on /r/cryptocurrency and elsewhere for the last few months. It seems that VEN is approaching the "too good to be true" territory with its ambitions, partnerships, and overall hype.
I'm trying to look for some devil's advocate points from the supporters themselves.
- Does VEN have the same potential as NEO in terms of valuation in the short to mid-term?
The reason for thinking this is multifold obviously. What sticks out is the transition to its own blockchain, the THOR dividends, and possibly its own exchange akin to Binance. The rumors of a Yuan/Ven market on the exchanges, and the valuations of the markets they want to tap only adds to this hype. Is this indicative of following in the footsteps of NEO in terms of value?
- If the above is mostly true, why would someone not devote most of their portfolio to VEN?
I understand that from a devil's advocate POV it is always good to diversify and always good to assume that the next "shilled" coin is just par for the course and the performance will underwhelm the hype. Because of this I'm trying to objectively gauge whether to devote most of my portfolio to this by asking the supporters themselves of being as critical and objective as possible.
I know the hype is real, and I know it is too easy to just call "to the moon" when you're an avid supporter, but what are the possible criticisms someone may have against this prediction and what would be the proper objective response to these criticisms.
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