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NEO Price Prediction 2019 – Is It Worth To Invest In NEO?

Cryptocurrency has come a long way since the first cryptocurrency. Now there are lot of coins available. But very few grab the eyes of investors, such one coin is NEO. Thinking to invest in NEO? Here are our Prediction and forecast for 2019, 2020 and for coming next 5 years.

NEO Price Today

Currently, NEO is trading for $ 11.15 and ranks on the 17th position on Coinmarketcap. With a market cap of $ 724.75 M, the prices are fluctuating between 8- 10$ from last week.

Fundamental analysis

Da Hongfei and Erik Zhan developed NEO, which is China’s first open source blockchain platform. Eventually designed to serve as a smart economy by providing digital assets through smart contracts. NEO is also a good solution to peer-to-peer transactions in China over the past few years.

Decentralization roadmap of NEO by enabling the organizations to run consensus node in their network via a selection process. This also acts as block validators on their network.

NEO  is a strong challenger for a top spot in cryptocurrency. It is a solid concept that was introduced to the Asian/China market at the right time, when other cryptocurrencies were being banned by the Chinese government.

It does the exact opposite of many other cryptocurrencies in its search to assure strict and seamless regulatory compliance.

NEO is founded and led by Da Hongfei, a Chinese digital currency pioneer who is highly respected person in the crypto world as an expert in business adoption as well as regulations.

Moreover, NEO is designed in such a way it is compatible with various programming languages. Such as C++, C#, Python, Java, and Kotlin, showing a strong commitment to creating a user-friendly network.

Technical Analysis

Consistently NEO is in the top 25 and is commonly referred to as the “Chinese Ethereum”.

With an outstanding $6 USD in mid-2017 following a rebranding from AntShares to NEO, it made wonders for its price, NEO followed the rest of the journey in an upward direction, peaking around $196 USD in January 2018.

However, NEO was one of the worst performers in 2018. By loosing nearly 40 percent in early August, it came to $14.50 USD.

By the end of August, it recovered to just above $19.00 USD and the rest of the year has not been a positive time for NEO. After a short session in September to prices above $30.00, NEO tanked along with the rest of the cryptocurrency world in September and October 2018.

Bitcoin Cash hard fork built the NEO coin on Nov 5, 2018. It hit a low of $5.58 USD in December and has not shown much progress since.

As of March 26, 2019, NEO is at $8.39 and slowly recovering.

Specialist’s Perspective

For a long time, NEO has been a favorite of cryptocurrency experts for its ability to enable the reliable digital management of real-world assets. Also, experts appreciate the smart economy concept offered by NEO, which encourages consumer safety through regulatory compliance.

In Jan 2018 with a market cap of over $10 billion USD, NEO has struggled alongside the rest of cryptocurrency over the past year.

According to Smartereum forecasts for NEO , it has placed over $1,000 USD within five years. While anything is possible in the cryptocurrency world, this prediction seems less feasible than other, more realistic outcomes.

Investing PR predicts NEO coin price anywhere from $30 to $150 USD in the long term. Other concerns experts have talked about NEO’s continued success in China and internationally will most likely have an impact on its price in the future.

NEO Price Prediction 2019

With more decentralized apps and ICO’s considering to enter the NEO blockchain – combined with the introduction of NEO-based exchanges like NEX, which will make its value high and might lead it to $200 level, which will be the starting of a progressive era.

NEO Price Prediction 2020

NEO planning to get the Chinese government on board on the whole blockchain line and capture most of the Asian market by 2020.

It is working on its trading features and support cross chain trading in its exchange platform. Through NEO 3.0, Da Hongfei and Erik Zhang- NEO founders are making NEO the most developer-friendly. They are even coming with NeoFS, which will provide NEO with the ability to store massive amounts of data.

By the end of 2020, NEO might be one of the top 10 or rather 5 cryptocurrencies in the world.NEO is predicted to reach $274.8 by the end of 2020.

NEO Price Prediction 5 years

Five-year price predictions for NEO are great, with some experts  considering up to $450 for the price of NEO. when making long-term predictions of the NEO price, Several factors are considered before and after the instability of cryptocurrency markets

Till 2023,  it is expected NEO to be one of the most widely used cryptocurrency and might go as high as $437 USD.

According to NEO price prediction 2025, NEO might go high as $650, which will become one of the biggest achievements for NEO.

Recent Updates

Swiss online retailer Digitec Galaxus now accepts cryptocurrencies and $neo is one of them.

Switcheo, the decentralized exchange operating on the NEO and Ethereum blockchains, has gone live. Switcheo generates a 12-word recovery phrase on the client’s device. This phrase is used to generate new NEO and Ethereum wallet addresses and the private keys that control the accounts.

NEO Development team has released the latest version of neo-cli, 2.10.0, on TestNet on March 18th, 2019. Also, Neo 3.0 is in on the way and the main goal is to support large scale commercial applications.

NEO’s dev communities have a strong focus on building the biggest NEO community for dApp incubation. NE0NEXT, working on several projects in the NEO ecosystem, is responsible for the Blolys block explorer, the wallet app Wallis.

What do you think of our NEO price prediction for 2019? share wit us  your own predictions in the comments below!

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NEO Price Prediction 2019 - Is It Worth To Invest In NEO?
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Check out the Latest and most trusted NEO Price Predictions For 2019. Let's find out how NEO will be in the long term.
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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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