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 2020, 2021 and for coming next 5 years.
Without much delay, let us dive into the waters of predictions and this time, towards Neo. Want to know details about the project and its future price prospects, this piece will take you through a long enjoyable ride.
What Is Neo?
Neo is a blockchain-compatible system built in order to advance the digital assets as well as smart contracts. Similar but unique to the Ethereum platform, Neo is applicable to many real-life situations and business transactions.
In June 2017, Neo came into existence when it was rebranded from Antshares and the project has been planting itself deep in the blockchain ecosystem for more than 3 years now.
NEO was established and directed by Da Hongfei, a Chinese digital currency forerunner. A highly regarded individual in the crypto space as an expert in business adoption as well as regulations.
Also, NEO is constructed in such a way it is cordial with various programming languages. Such as C++, C#, Python, Java, and Kotlin. Neo shows strong responsibility to creating a user-friendly network.
One important feature of the NEO blockchain is that it cannot be divided. This means that you can’t make a transfer like 0.5 NEO or 0.11 NEO. It can be deemed identical to the stocks of any company, which cannot be divided. However, by holding Neo coins, you are able to hold another cryptocurrency- GAS, which can be divisible up to 0.00000001.
Neo Coin Price Today
Neo coin is perhaps the most outstanding Chinese coin gracing the crypto markets lately. Although, within the last 24 hours, the top cryptocurrency made some shocking unexpected losses. The losses accrued amount to an insignificant 3%, its however unexpected due to the ongoing general season.
Neo coin lost 3% since the last day and presently trades at $10.71. Price change within the same period ranged from a bottom at $10.71 and a top price at around $11.20. Neo coin’s market capitalization steadies at $765 million while the average 24 hours exchange volume stands at $201 million.
Did You Know? (NEO Fun Facts)
Neo Coin may be said not to have a reserve supply. 50% of the NEO tokens were sold in the ICO, and the other 50% were distributed to the NEO Council.
Neo Technical Analysis
Neo coin has consistently made the list of the top 25 cryptos by market capitalization according CoinMarket Cap (CMC).
Changing hands at an incredible $6 in mid-2017 coming after a rebranding from AntShares, Neo coin made wonders for its price. NEO continued towards the end of the year in an upward price movement, touching around $196 USD in January 2018.
Nonetheless, NEO is still regarded as one of the terrible performers in 2018. Neo coin lost virtually 40% in early August of 2018 and it came to $14.50 USD.
By the end of August however, some interesting Neo news came in. Neo coin improved and recovered slightly to just above $19.00. Efforts to reclaim gains for the rest of the year proved futile for NEO.
Following a short bullish session in September, 2018, Neo coin prices doubled up, touching above $30.00 in the process. NEO price plummeted along with the rest of the cryptocurrency world in September and October 2018.
In 2019, Neo price moved sideways most of the time. Neo price maintained a range between $19 and $30 until the end of the year.
Neo Coin Price Prediction 2020
Neo coin price, have a fairly considerable record in 2020. They were once the best performing set of cryptocurrencies in quarter one (Q1) of 2020 and still are among the top cryptos making gains in the market as of now.
The price was around $8 in January. However, buying pressure pushed Neo price higher and the coin traded around $17 by mid-January.
Into the end of the first quarter (Q1) in March, Neo coin price crashed, finding support around $5 by late March.
Into Q2 2020, prices began to revive again. Progressively, steadily and tentatively, Neo price moved through Q2 to reach a top price at $12.5 by the end of June.
Since the beginning of July, Neo has seen a little price plunge, bringing it back to the $10 corner. Alternate ups and downs have coordinator the price towards a sideways sentiment.
Neo coin price prediction for the rest of 2020 remains on the bullish side. An aggregate of figures shows that Neo is expected to go about three times its value from here. By December 2020, Neo coin price should be around $35.
Neo Price Prediction 2021
Neo price is bullish for 2021. As it seems alt season resumed recently, Neo will continue its gains into 2021. By Mid 2021, Neo coin may be trading around $50 and by the end of the year, the top crypto would be changing hands around $70
Neo Coin 5 Years Price Prediction
Neo prices will experience a multiplicity of developments in coming years. By 2025, however, Neo coin is expected to be trading around $200, signifying a 2000% (x20) of its current price.
Neo Coin Market Prediction
As the custom is, no one coin has a convergent opinion of price from market analysts. Neo coin price prediction is subjected to such uncertainties. However, the future price sentiments for Neo coin remains generally bullish.
- According to Being Crypto, Neo might reach $120 by the end of the year 2020. Also, their analysis suggests that Neo could touch as high as $200 in 2021 and might reach $450 in 5years time.
- Wallet Investor, a leading crypto market analysis platform weighs in on Neo’s bullish future. According to WI, Neo would reach $30.381 by the end of 2020 and $103 in 2025.
- Long Forecast takes a bearish approach. In their Neo price prediction, Neo price will fall to around $9 by December 2020 but will later surge to $21 in 2021.
- According to Crypto Ground, NEO might surge up to $195 within the next 5 years.
- CoinFan speculates that by the end of 2020, NEO might hit $200 at the upper limit and by 2021, it might go up as much as $783, an extremely bullish long-term prediction.
Our Neo Price Prediction
We speculate that Neo price will go double from its current price by the end of 2020. In 2021 however, prices may go as high as $70 and $100 by the end of 2021. Within the next 5 years, Neo will be trading close to $200.
- NEO Announces Partnership With InterWork Alliance (IWA).
In June, the NEO team announced a partnership with IWA. The network expressed their satisfaction to have become a major sponsor alongside Microsoft, Accenture, SDX, and Digital Asset.
- NEO Announced Upgrade To A New TestNet
Also in June, Neo announced a network upgrade that featured neo-cli v2.10.3-neox-preview1. According to the official announcement, this update delivered two crucial new pieces of functionality; a new state root feature, and support for the Secp256k1 curve in Neo’s cryptography module.
- What Will Neo Coin Price Be In 2020?
Neo is presently trading at $10.71. However, by December, Neo price is likely to grow to around $25.
- How Soon Can Neo Coin Reach $1000?
This will not be soon. It may take around 7 to 10 years to achieve this.
- Does Neo Coin Have A Good Future?
Yes, Neo has a good future. The development team keeps giving viable updates and growth ideas.