Cryptocurrency Price Prediction

Neo (NEO) Price Prediction: Will The Price Surge 2X This 2022?

Written by: Elena R

Written by right arrow

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.

  • author twitter

Apr 27, 2022

news-image

The uprise of new cryptocurrencies, streamlined payment options, and investments have established numerous breakthroughs over the years. Neo has been one of the unique projects that aim to set up a whole new economy. Where digital payments, assets, and identities come under one roof. 

Some of the biggest exchanges and start-ups in the crypto space were created by Chinese developers and NEO certainly ranks amongst them. Is NEO under your consideration? Look no further, as this write-up will decode the plausible price predictions for 2022 and beyond! 

Overview

CryptocurrencyNeo
TokenNEO
Price$ 10.1200
Market cap$ 718,915,136.0000
Circulating supply 70,530,000.0000
Trading Volume $ 70,443,941.0000
All-time high$ 198.3800 Jan 15, 2018
All-time low$ 0.0783 Oct 21, 2016

Neo (NEO) Price Prediction For 2022

Potential LowAverage PricePotential High
$42.92$58.50$72.70

Ranging in a downtrend, NEO had walked into the year 2022, with a price tag of $25.63. Amidst the lack of volumes, the price of the altcoin further slipped down to $22.52, by the 10th of January. Whilst NEO did climb back to levels around $25.50, by the 20th of January. It probably was only to head 36% to the south. As a market-wide dump took the price to $16.18, by the 29th of January.

However, an uptrend seen thereafter, pushed the price to $27.12, by the 19th of February. The spike was short-lived as liquidations in the business resulting from FUD, prevailing from geopolitical tensities and rate hikes. Dragged the price down to $19.44 by the 24th of February. After weeks of uncertainty, the price of NEO portrayed an ascend to close the quarter at $29.36

Neo’s (NEO) Price Prediction For Q2

 As Ethereum is still grasping for a breather, NEO could steal a slice of the pie. With its boosted transaction speeds, lower gas fees, and with its decentralized file storage system. Wherefore, a spike in volumes could push the price to its potential high of $28.35

Conversely, depleting volumes and lack of interest amongst marketers will push the price down to $17.89. That said, an equilibrium in trade practices will leave the price hovering at $23.79.

NEO Forecast For Q3

Carrying forward a bullish stance and seeking impetus from more initiatives like the Polaris launch pad. The price of NEO could embark on a rise to its potential high of $45.05. Whilst being constrained by regular trade orders, the altcoin could end up changing hands at $37.29. The protocol failing to adhere to its expectations and resulting criticism could slash the price down to $28.01.

Neo’s Prediction For Q4

  Escalating social optimism in the final leg of the year, and supplementing possible collaborations and adoptions. This could push the price of NEO to its maximum closing target of $72.70. On the flip side, if the bears outrun the bulls, the price could stumble down to $42.92. Factoring in the bullish and bearish targets, the regular price could settle at $58.50.

NEO Price Forecast For 2023

If the protocol shakes hands with bigger names and works on developmental and community building initiatives. The price of NEO could propel to its maximum target of $206.89. Conversely, if it continues to drift away from the bulls, the price of the digital coin could slump down to $89.95. That said, resisting any catalyzing initiatives, the price could trend at regular levels of $140.62

Price Prediction For The Next 5 Years

Attracting good deals and partnerships with globally renowned organizations will give NEO a moving advantage. Which will help the digital asset climb up the ranking order. In such a case, NEO might reach a maximum of $756.05. In contrast, if its rivals emerge superior then its crumbling dominance will take the price down to $228.22. Considering the permutations and combinations, the average price could settle at $481.14.

YearPotential LowPotential High
2023$89.95$206.89
Next 5 Years$228.22$756.05

What Does The Market Say?

Wallet Investor:

  According to the Wallet Investor’s algorithmic prediction, NEO could hit a maximum target of $28.152, by the end of 2022. Wallet Investor has also made predictions for the long term. The firm has pinned the minimum and average targets for 2023 at $10.852 and $41.186 respectively. Analysts from the company expect the digital coin to surge as high as $78.604 by the end of 2025. 

Trading Beasts:

  Trading Beasts has revised its predictions for the NEO price. It expects the token to hit a maximum of $22.637, by the end of 2022. On the contrary, it believes, trend reversals in the market would plummet the price to $15.393. And with average buying and selling pressures, it would end up trading at $18.110. 

The website has also made predictions for the long term. It expects the price to surge to a maximum of $48.436, by the end of 2025. That said, the average and minimum probabilities for the year are expected at $38.749 and $32.936. 

Digital Coin Price:

  As per the forecast of Digital Coin Price. The altcoin is foreseen to surge to a maximum of $26.95, by the end of 2022. The analysts expect the minimum and average targets to occur at $23.45 and $25.51. Successively, the prediction cites that, NEO could close its trade for 2023 at its potential high of $31.26. And 2025 with a maximum closing price of $41.94. 

Click here to read our price prediction of Chiliz (CHZ)!

What Is Neo?

  NEO is a blockchain platform for the advancement of digital assets and smart contracts. The data chain’s existing transactions are kept on different computers that are independent of each other. All operations conducted with the NEO cryptocurrency are checked by these data blocks, by identifying the owner and transaction.

The ecosystem has two native tokens namely NEO and GAS. The NEO token holders can take part in governance procedures. Whilst, they are also eligible to earn passive distribution of the token called GAS. Meanwhile, the GAS token is utilized to pay for dApp purchases, transaction fees, and smart contract deployments.

The platform offers a wide array of services such as interoperability, native oracles, smart contracts, decentralized storage, and self-sovereign ID, amongst others. After prolonged four years of Mainnet operation, NEO has had its biggest evolution, as it emigrated to Neo 3. 

Fundamental Analysis

The project was launched by Da Hongfei and Erik Zhang back in 2014. And was originally named AntShares before getting rebranded as NEO in 2017. Today, it is one of the top cryptocurrencies with a large community patting the back.

The co-founder Da Hongfei firmly believes in the fact that albeit the internet is a groundbreaking invention. It includes many cons such as users don’t get access to control their own data. Hence, he strongly proclaims that blockchain technology will resolve the same and will go mainstream eventually. 

Co-founder Erik Zhang is also the creator of the deputed Byzantine Fault Tolerance program. Which intends to dissuade dubious stakeholders from participating in the blockchain’s activities. This futuristic technology was implemented in the Neo blockchain. Further, the co-founder worked as the chief developer for this platform. And has served a major role in the development of Neo 3.0.

Our Neo Predictions

  Futuristic considerations mainly motivate the creators of NEO, as they are based on making NEO the base for a potential economy. In achieving their goals, they are very proactive as they have already discarded the conventional proof-of-work and proof–of–stake validation algorithms. For a delegated Byzantine fault tolerance algorithm.

This is designed to reduce the network’s susceptibility to bad actors while improving its transaction speeds, and scalability. Such developments make NEO one of the most sought after cryptocurrencies. Successively, it could surge as high as $72.5, by the end of 2022. Conversely, turbulence in the business could thunder down the price to $42.92.

Historic Market Sentiments

2017

 The price of the coin soared from $1 to $7 as the company concluded the rebranding to NEO. When heard about the coin, the crypto community began purchasing NEO aggressively. Wherefore, the coin reached $40 by August and the market capitalization soared to $2 billion.

For several months NEO traded between $20 and $40. Then in December, it started growing rapidly, alongside fellow digital assets. 

2018

The growth of NEO was boosted by, it getting listed on Bithumb. As a result by mid-January, the coin reached its ATH. When the market turned bearish NEO too started plunging. In March 2018, the coin costed about $52 but managed to return to $76 before falling back to $40. April was the last month when NEO showed solid growth and reached $83. After which, a gradual fall led to the annual closing rate of $7.

2019

In April 2019 when Bitcoin started growing again, NEO jumped from $9 to $12. Besides this, NEO upgraded its algorithm to improve transaction speed and stability of the network. However, the update didn’t cause a significant effect on the market price of the coin. By the end of June, the coin reached $20 and then dropped to $8. 

The NEO price without much fluctuations traded between $7 to $8 throughout the year. However, the price smashed the yearly highs above $11, yet plunged to close the yearly trade at around $8.

2020

The price of Neo was reasonably significant in 2020. In January, the price was about $8. Buying pressure, however, moved the price higher and by mid-January, the coin was trading at ~$17. The rates collapsed at the end of the first quarter, tethering around $5. 

The prices started to recover again in the second quarter, Neo’s price moved rapidly, and tentatively through the quarter. To hit a peak of $12.5 by the end of June. Neo saw a minor price dip in the beginning of July, which pushed it down to $10. Successively, alternate ups and downs led to the price moving sideways. That said, NEO managed to reach $14.36, by the end of the year.

2021

 The year 2021 was a game-changing year for NEO, the cryptocurrency had started the year with a trading price of $14.17. Sequential highs helped the price ascend to $56.13, by February 22nd. But a downswing took the price to $35.15, by February 27th. Thereafter, a steady incline helped the price surge 226% to claim $120.36, by April 20th.  Howbeit, a spike in selling pressures dragged the price to $79.68 by April 25th. 

Posing a “v-shaped rebound”, the price hit its local top at $140.91, following which the cryptocurrency fell prey to a downswing. Aggravating further, the price hit its bottom at $43.29. A prolonged bearish season led to NEO finding support at $26.16, by the 20th of July. Followed by an immediate uptrend, the price shot-up to $66.84 on September 7th. 

The fourth quarter had commenced with NEO’s price at $43.75. Ebbing volumes and bearish trends led to a gradual downfall, that left the price at $26.72, by the end of 2021.

To read our price prediction of PancakeSwap (CAKE) click here!

FAQ

Q: Does Neo have a future?

A: With a great community of users and developers, Neo could grow manifolds in the future.

Q: Is Neo a good investment?

A: Neo has been one of the capable crypto assets, it could yield higher results in the long term.

Q: How Much Will Neo Coin Price Be In 2022?

A: By December 2022, Neo’s price is likely to grow to around $72.70.

Q: Will Neo Price ever rise up to $500?

A: Yes, the macro outlook holds positive for Neo price action. It could clinch a high of $756.05 in the next 5 years.

Q: What is the ROI of NEO?

A: NEO boasts an ROI of 10,412.8%, since its inception.

Show More

Was this writing helpful?

dislikeimage No myImage Yes

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.

Related Articles

Back to top button