<p><center><img src="https://mediashower.com/img/52D1D5D0-1211-11E8-9B8E-96A704C24EF8/bigstock--212978299_600x.jpg" style="width: 581px; height: 387.333px;" class="fr-dib"></center></p>

<p>NEO (NEO) is a Chinese-based digital currency and blockchain platform in operation since 2014. &nbsp;NEO is self-described as "a non-profit community-based blockchain project that utilizes blockchain technology and digital identity to digitize assets, to automate the management of digital assets using smart contracts, and to realize a &quot;smart economy&quot; with a distributed network."</p>

	<p>According to the NEO website, a smart economy equals <strong>Digital Assets + Digital Identity + Smart Contract.</strong></p>

	<p>Steem (STEEM) is the younger of the two currencies, having been created in 2016. It has enjoyed quick growth and popularity due to its innovative social media platform <a href="https://steemit.com/">Steemit</a>. </p>

	<p><a href="https://steem.io/">Steem</a> and <a href="https://neo.org/">NEO</a> are similar in that they both offer alternative features with their digital currencies. This article examines those features, as well as the altcoins&#39; performance in the market.</p>

<table style="background-color: initial; font-size: 1em;">
	<tbody>
		<tr>
			<td style="width: 33.245%;" width="33.333333333333336%">
				<br>
			</td>
			<td style="width: 33.2451%;" width="33.333333333333336%"><strong>NEO</strong>
				<br>
			</td>
			<td width="33.333333333333336%"><strong>Steem</strong></td>
		</tr>
		<tr>
			<td style="width: 33.245%;" width="33.333333333333336%">Utility
				<br>
			</td>
			<td style="width: 33.2451%;" width="33.333333333333336%">Peer-to-peer payments and smart contracts
				<br>
			</td>
			<td width="33.333333333333336%">Reward for contributing to &nbsp;Steemit platform</td>
		</tr>
		<tr>
			<td style="width: 33.245%;" width="33.333333333333336%">Circulating Supply</td>
			<td style="width: 33.2451%;" width="33.333333333333336%">65 million
				<br>
			</td>
			<td width="33.333333333333336%">Above 250 million</td>
		</tr>
		<tr>
			<td style="width: 33.245%;" width="33.333333333333336%">Total Supply</td>
			<td style="width: 33.2451%;" width="33.333333333333336%">100 million
				<br>
			</td>
			<td width="33.333333333333336%">268 million</td>
		</tr>
		<tr>
			<td style="width: 33.245%;" width="33.333333333333336%">Community</td>
			<td style="width: 33.2451%;" width="33.333333333333336%">Large&nbsp;</td>
			<td width="33.333333333333336%">Large</td>
		</tr>
		<tr>
			<td style="width: 33.245%;" width="33.333333333333336%">Market Capitalization</td>
			<td style="width: 33.2451%;" width="33.333333333333336%">$4.6 billion
				<br>
			</td>
			<td width="33.333333333333336%">Just over $500 million</td>
		</tr>
		<tr>
			<td style="width: 33.245%;" width="33.333333333333336%">Daily Trading Volume</td>
			<td style="width: 33.2451%;" width="33.333333333333336%">$124 million
				<br>
			</td>
			<td width="33.333333333333336%">$2.3 million</td>
		</tr>
		<tr>
			<td style="width: 33.245%;" width="33.333333333333336%">Public Awareness</td>
			<td style="width: 33.2451%;" width="33.333333333333336%">Low</td>
			<td width="33.333333333333336%">Low</td>
		</tr>
	</tbody>
</table>

<h2>Utility</h2>

<p>NEO uses peer-to-peer payments, and like Steem, it does not just operate as a digital currency. It focuses on providing a smart economy featuring digital assets. NEO uses smart contracts for proof-of-ownership and trading these assets.</p>

	<p>Steem also uses a peer-to-peer payment option. Uniquely, Steem rewards its users with its currency when they contribute to it social media platform, Steemit.</p>

<h2>Supply</h2>

<p>According to CoinMarketCap, NEO has a circulating supply of 65 million, and a total supply of 100 million.
In comparison, Steem&#39;s circulating supply is hovering above 250 million, with its total supply just over 268 million.</p>

	<h2>Community</h2>

<p>As China&#39;s first digital coin, NEO is now one of the most widely recognized currencies in the digital market. Its decentralized community has proven popular among developers. </p>

	<p>Its NEOContracts supports a number of different programming languages. This allows developers to create smart contracts without having to learn a new programming language.</p>

<p>The popularity of Steemit has also provided Steem with a community of users that continues to grow. The social media network is well known among investors and is growing globally.</p>

<p><center><img src="https://mediashower.com/img/52D1D5D0-1211-11E8-9B8E-96A704C24EF8/bigstock-Blockchain-Steem-Cryptocurrenc-228988528_600x.jpg" style="width: 574px; height: 459.2px;" class="fr-dib"></center></p>

	<h2>Market Capitalization</h2>

<p>According to CoinMarketCap, NEO has a market capitalization of &nbsp;<a href="https://coinmarketcap.com/currencies/neo/">$4.6 billion</a>. In comparison, it shows Steem with a market capitalization of Just over <a href="https://coinmarketcap.com/currencies/steem/">$500 million.</a></p>

	<h2>Daily Trading Volumes</h2>

<p>At the time of writing, Steem had a trading volume of $2.3 million. &nbsp;CoinMarketCap currently shows NEO with a trading volume of &nbsp;$124 million.</p>

	<h2>Public Awareness</h2>

<p><strong>&nbsp;</strong>Steem has enjoyed a quick rise to fame in the digital currency world. However, the public awareness around the currency remains low.</p>

	<p>NEO is currently China&#39;s largest coin and is currently placed in the top ten global ranking list. Like Steem however, its public awareness is on the low side (outside of China).</p>

<h2>Conclusion</h2>

<p>When analyzing growing currencies with high potential, its impossible to ignore NEO. In a short space of time, it has grown to be one of the most recognized currencies in the market.</p>

	<p>NEO is of strong appeal to developers as it supports popular coding languages. This, combined with the unlimited potential of smart contracts, could make NEO "the next big thing."

	<p>There is also a lot of potential for Steem to keep growing. Its blockchain social media concept was the first of its kind and has proven to be a big success.</p>

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