- Neo coin price is trading near its major moving averages of 100 and 200-day lines, while the lower levels’ recovery pushes above 20 & 50-DMA lines.
- The coin is trying to trade above its short-term moving averages of 20 and 50-day while facing strong rejection of 100 and 200-DMA lines.
- The pair of NEO/BTC is trading at 0.001063 BTC with an intraday loss of -4.43%, and the ratio of NEO/ETH is CMP at 0.01573 ETH with a loss of -2.36%
The monthly chart of the NEO coin is projecting strong bullish momentum from the lower levels. After a good recovery from the lower levels, the crypto asset is now trading near its major moving averages of 100&200-Day lines.
In contrast, the strong recovery from the lower levels with positive volume action indicates the entry of bulls. Meanwhile, the coin tries to suppress its minor hurdle, but the volume is slightly lower, which needs to improve. Supporting volume activity will push buyers in upcoming trading sessions once the closing of day candles is above the major levels. Support on the lower side is at $38.30 and $28.75, whereas resistance on the higher side is $52.15 and $72.00.
NEO coin is trading sideways after a sharp recovery
Over the weekly chart, the NEO coin is trading sideways after a sharp recovery from the lower levels. Likewise, the coin is currently trading flat while witnessing a good buying interest from the lower levels. The volume activity over the 4-hour time frame is lower and recorded near its average line. However, the technical parameters are now getting weaker and indicate slight profit-taking can come. Presently, Neo coin price is trading at $43.37 with an intraday gain of +2.93%, and the volume to market cap ratio is at 0.1187.
Relative Strength Index (CAUTION): Neo coin RSI presently trading flat with a slightly bearish note over the weekly chart with no sign of significant momentum. In contrast, the RSI is heading slightly lower after testing the overbought zone and now CMP 53.
NEO N3 era is here Neoverse Where Blind Box Costs Two $GAS
NEO Smart Economy recently expressed: “We are thrilled to announce that Neoverse website is live now! There are total 27,000 #N3 blind boxes available. Each blind box costs two $GAS and two free blind boxes are available for every 10 blind boxes purchased.”
NEO N3 era is here. To celebrate the launch of the N3 MainNet, NGD is launching Neoverse – a NFT mint and collection event together with all developer communities. Users from all over the world are welcome to participate. The Neoverse N3 Collector’s Edition NFTs are not only invaluable collectibles, but also carry various “VIP” privileges within the Neo ecosystem.
By collecting, all 9 N3 Element NFT pieces, you can mint one of the special N3 Collector’s Editions NFTs, which are created by world-renowned NFT artists specifically for Neoverse.
9 N3 element pieces, can be randomly minted from blind boxes, representing the 9 major features of Neo N3 respectively.
The 9 major features are interoperability, native oracle, NeoID, NeoFS, Neo Name Service, One Block Finality, Best-in-Class Tooling, Smart Contracts, Multi-Language Support.
N Series: Neo world provides for AERAS, NERO, XIRA by artists Aleksandr Kuskov; E Series: Neotopia provides for CORE, NOIZ, and ZION by artists BHQA Chen Bin. O Series: N3 Core providing for INTEROPA, COMPOSA, SCALA.
NEO is a promising blockchain platforms. It is hailed to be the competitor of Ethereum by its advocates. Several developers are trying to attract audience for their projects. They are exploring the best platform to host their smart contracts and DApps. Since Ethereum is the first mover in the world of smart contracts and Dapps, NEO is bespoken by its believers as its competitor. Noteworthy there are several other competitors to NEO.
There is an increase in the adoption of cryptocurrencies and the blockchain technology and therefore NEO is gaining momentum in terms of adoption. NEO claims that they are capable of giving a tough fight to Ethereum.
NEO is known as Ethereum of China, because it is the first blockchain project of China. They are focused on developing a smart economy. The “NEO DApps ecosystem” is the backbone of the ecosystem. Typically, they are focusing on fulfilling capabilities similar to Ethereum, but with a far superior quality.
Ace Informatic expressed: “NEO used DBFT four (4) years ago while Binance and Facebook Coin adopted this recently.”
NEO makes use of Delegated Byzantine Fault Tolerance (dBFT) agreement system as opposed to PoS Protocol of Ethereum. A decentralized process should achieve consensus. Consensus should be met, because without consensus it will lead to significant battle failures.
Neo price analysis: NEO shows signs of recovery at $38.43 after considerable debasement
- The latest Neo price analysis is indicating bullish signals.
- Price has increased as it is now at $38.43.
- Support is sufficiently strong at $33.6 level.
The most recent Neo price analysis is hinting at the rise in price as the bulls are trying to make a comeback. The past week has been highly detrimental for the cryptocurrency value as the bears have been at the lead throughout. The trends are reversing again as green candlesticks have positioned themselves on the one-day price chart. The NEO/USD price is now set at $38.43 and is expected to move towards higher levels in the coming days as well.
NEO/USD 1-day price chart: Price levels up to $38.43 as bulls manage to penetrate
The bulls are trying to overcome the bearish pressure and have succeeded so far in their struggle as the price has increased today. The past week has been under bearish control as the price moved down to dangerous levels. Yet, today the bulls have been able to tackle the situation and take the price to $38.43. The moving average (MA) value is still at a higher level than the price, as it is at $39.31 according to the one-day price analysis.
The volatility has increased during the day which means that the price might go down in the future. Meanwhile, the Bollinger band values are found standing at the following levels; the upper value is at $56 whereas the lower value is at $33.6. The Relative Strength Index (RSI) score is now 39.5 because of the rise in price.
Neo price analysis: Price stabilized above $38.4 as the upturn remains consistent
The 4-hours Neo price analysis is showing the bulls at the lead as the trending line is constantly moving upwards. The bullish momentum is gaining stability as the price has been above $37 steadily. The price has climbed up to $38.43 during the last four hours and is quite close to breaking the resistance as well. The moving average is at a quite low level if we compare it to the price as it is present at $37.21 at the time of writing.
The volatility has decreased significantly which is why the Bollinger bands average is now at $38.03. Whereas the other Bollinger band values are as such; the upper Bollinger band is at $40.08 position whereas the lower Bollinger band is at $35.98. The RSI is showing signs of improvement as well as the score is now at 50.
The Technical Indicators chart for NEO/USD is giving strong bearish signals because of the downtrend that followed in the past week. There are 14 indicators in total that are on the selling mark, while three indicators are on the buying and nine on the neutral positions.
Although the price has improved today, the overall trend that has been observed during the past week has been bearish. This is why the moving averages indicator is also giving a selling signal with 13 indicators on the selling position, one on the neutral, and another one on the buying positions. The Oscillators, on the other hand, are going neutral because eight oscillators are on the neutral level, two on the buying level, and one is on the selling level.
Neo price analysis conclusion
According to Neo price analysis, there has been a rise in the price recorded today as the bulls are trying to situate themselves on the price charts. The NEO/USD price is now at the $38.43 level which is quite encouraging for the buyers. The bulls have been able to break through the outgrowing bearish momentum, by availing the chance at hand.
NEO Price Prediction 2021 – 2030
In the crypto market, new projects appear every day. On average, only one project out of ten becomes a complete working ecosystem, and only a few of those have an application to the problems of the modern world. One successful start-up is NEO, open-source crypto with the extended functionality to develop smart contracts and decentralized applications (dApps).
What Is NEO?
NEO, in short, is a blockchain project from China founded in 2014. It used to be called Antshares, but this changed later. NEO cryptocurrency is also called the Chinese Ethereum because they are strongly committed to creating a smart economy and receiving huge Chinese government support. This means that the project developers want to make it easy to use smart contracts on the NEO network.
For investors to use the NEO platform, the second crypto is used – namely, GAS. This can be considered the fuel of NEO. One share of the NEO token is also seen as one share in the network, and the GAS crypto is used to make transactions on this network.
It is possible to earn GAS with your NEO coin by saving your NEO coin in official wallets. This is due to the proof of stake principle. You deposit your NEO coin in your wallet and receive a portion of the GAS spent on the network in proportion to the amount of NEO coin you own. It is thus possible to generate some passive income for yourself.
You can imagine that when the NEO price or the GAS price rises, you will benefit from the price difference on your NEO but also that of your obtained extra GAS.
This is one of the reasons investors invest or have invested a lot in NEO crypto in the past. Over the years, as with any project, a lot has happened with the NEO price action. We should add that it’s impossible to mine this virtual currency because they were all distributed during the ICO.
The NEO team was working on the project for three years. The Cryptocurrency market has been waiting for the NEO 3.0 release since the end of 2020. The launch was postponed several times. However, in March 2021, Neo started rolling out an N3 version of its public blockchain technology.
NEO tries to create its own digital identity by attracting developers to create decentralized applications on the blockchain platform. The improved consensus protocol can be used worldwide. The upgrade of the system occurs when the Ethereum network (a major competitor of NEO) is suffering capacity problems. Moreover, China, famous for its strict crypto regulation, claimed blockchain as a strategically leading technology.
NEO 3.0 will raise transaction speed from 1,000/second to 5,000/second and cut “gas fees” 100 times. The fee reduction is a core point in competition with ETH, which has too high fees.
The upgrade will include a decentralized file storage solution and a new governance mechanism. Under the new governance, NEO holders will vote in a NEO Council, which includes 21 members. The Council will control the management of fees, network upgrades, and other operation-based cases.
Poly Network, a consortium interoperability protocol, is used to facilitate NEO token migration to the new network. The migration with Poly Network will show whether the network works well to create a blockchain from scratch and transfer all the data from the existing chain without errors.
Here are some of the major elements of the NEO 3.0 network that are supposed to attract developers to the system: multi-language support, native oracles that secure access to any off-chain data, advanced interoperability, decentralized storage, and self-sovereign identity, best-in-class tooling, and a dual-token model.
Sometimes people include NEO in the list of Ethereum Killers. Both systems provide similar features for the market, but NEO has more advanced technology and surpasses ETH in various aspects.
The platform uses its own virtual machine NeoVM, allowing you to run even the most complex contracts quickly. The theoretical network capacity is 10,000 transactions per second.
At the moment, the speed does not exceed 1000 tps. NEO implements an advanced dBFT protocol that effectively protects the system from most known cyberattack methods. Unlike Ethereum, which uses the extremely sophisticated programming language, Solidity, NEO supports Java, C#, Kotlin, GO, and Python.
In the middle of April 2021, after NEO 3.0 started rolling out, the NEO/USD pair managed to hit $130. It’s a significant rise from 0.0320 USD during the ICO in August 2017. Analysts and crypto enthusiasts believe that it’s not the limit and that further development will lead to higher prices.
NEO price history
Before the rebranding in 2017, NEO was previously called Antshares. When the company finished rebranding and became NEO, the coin’s price increased from $1 to $7. The crypto community started actively buying NEO when it learned about the coin. In August, the coin reached $40, and the market capitalization of NEO was $2 bln.
For several months, NEO was traded between $20 and $40; then, in December 2017, it started growing rapidly and nearly all the other digital assets on the market. Beyond benefitting from the overall influx of buyers into the market at that time, the growth of NEO was boosted by it getting listed on Bithumb, the largest active crypto exchange at the time. As a result, in mid-January, the coin reached its ATH – $196.
When the market turned bearish, NEO started going down. In March 2018, the digital coin cost about $52, but it returned to $76 before falling back again to $40. April was the last month when NEO showed solid growth and reached $83. After that, the coin started gradually falling, and by the end of 2018, NEO’s rate was $7.
In April 2019, when Bitcoin started growing again, NEO jumped from $9 to $12. Besides, NEO upgraded its algorithm to improve transaction speed and stability of the network. However, the update didn’t have a significant effect on the market price of the coin. By the end of June, the coin reached $20 and then dropped to its price of $8.
In September 2019, NEO presented three new products: NEO ONE Developer Framework, NeoFS Distributed File System, and NEO Blockchain Toolkit. All these tools will be used in the new NEO 3.0. After the announcement, the coin price gradually grew to $10 and, in November, fell back to $8. For the next seven months, the coin price has been fluctuating from $6 to $14.
As you see from the historical chart above, the NEO price breaks through the local highs, and the candlesticks’ lows are rising. There is a clear bullish trend. Blue dots mark the peaks of trading volumes in 2019 and 2020. Opposite, there are Japanese candlesticks, which we should analyze to identify closing levels, lows, and highs. These figures will define the key support and resistance level.
In July 2019. The NEO price is trading in the uptrend as indicated with the red candlestick, which indicates a bearish price movement. The candlestick is close and low.
The trading volume formed in September 2020 was high at 25.62 and broke the current January candlestick, but the price failed to consolidate above.
The most recent January candlestick is green; its body covers the candlestick bodies over the previous four months. Therefore, the NEO bullish momentum is likely to continue.
The NEO price at the start of this month has been ranging from around $30 to $50 and seems to have acquired bullish potential.
NEO Technical Analysis
The NEO price technical analysis shows the 4-hour price movement of the coin. We can see that the price of the coin has bounced to the lower end of the Bollinger Band and is currently trading above the 50-day MA but below the 100-day MA.
2021 price predictions from Tradingbeasts
NEO predictions for October 2021
The expected max price is $59.173; the minimum price is $40.238. The NEO projection for the end of the month is $47.338.
NEO predictions for November 2021
The expected max price is $59.555; the minimum price is $40.497. The NEO price prediction for the end of the month is $47.644.
NEO predictions for December 2021.
The expected max price is $59.889; the minimum price is $40.725. The NEO prediction for the end of the month is $47.911.
NEO price projection from PrevisioniBitcoin
NEO projection for October 2021
In October, the NEO price is forecasted to reach the price of $121.08.
NEO projection for November 2021
In November, the NEO price is forecasted to reach the price of $126.14.
NEO projection for December 2021
In December, the NEO price is forecasted to reach the price of $131.21.
2022 NEO price prediction from Tradingbeasts
NEO price forecast for January 2022
The expected max price is $60.197; the minimum price is $40.934. The NEO prediction for the end of the month is $48.158.
NEO projection February 2022
According to Tradebeast’s projection, the average NEO price for February 2022 is 48.371 USD. The price is expected to hit the max price of 60.464 USD and a minimum price of 41.116 USD. The NEO projection change for the end of the month is -4.16 %.
NEO projection March 2022
According to Tradebeast’s projection, the average NEO price for March 2022 is 48.536 USD. NEO is expected to hit the max price of 60.670 USD and a minimum price of 41.255 USD. The NEO projection change for the end of the month is -3.83 %.
NEO projection April 2022
According to Tradebeast’s projection, the average NEO price for April 2022 is 48.536 USD. NEO is expected to hit the max price of 60.670 USD and a minimum price of 48.536 USD. The NEO projection change for the end of the month is -3.83 %.
NEO projection May 2022
According to Tradebeast’s projection, the average NEO price for May 2022 is 48.684 USD. NEO is expected to hit the max price of 60.855 USD and a mini price of 41.381 USD. The NEO projection change for the end of the month is -3.54 %.
2023 NEO USD predictions from Tradingbeast
NEO price projection January 2023
According to Tradebeast’s projection, the average NEO price for January 2023 is 48.123 USD. NEO is expected to hit the max price of 60.153 USD and a minimum price of 40.904 USD. The NEO projection change for the end of the month is -4.65 %.
NEO projection February 2023
According to Tradebeast’s projection, the average NEO price for February 2023 is 47.795 USD. The price is expected to hit the max price of 59.744 USD and a minimum price of 40.626 USD. The NEO projection change for the end of the month is -5.30 %.
NEO projection March 2023
According to Tradebeast’s projection, the average NEO price for March 2023 is 47.441 USD. The price is expected to hit the max price of 59.301 USD and a minimum price of 40.324 USD. The NEO projection change for the end of the month is -6.00 %.
NEO 2024 price prediction from Tradingbeast
NEO projection January 2024
According to Tradebeast’s projection, the average NEO price for January 2024 is 37.764 USD. The price is expected to hit the max price of 47.205 USD and a minimum price of 32.100 USD. The NEO projection change for the end of the month is -25.18 %.
NEO projection February 2024
According to the forecast, the average NEO price for February 2024 is 36.693 USD. The price is expected to hit the max price of 45.866 USD and a minimum price of 31.189 USD. The NEO projection change for the end of the month is -27.30 %.
NEO projection March 2024
According to the forecast, the average NEO price for March 2024 is 38.645 USD. The price is expected to hit the max price of 48.306 USD and a minimum price of 32.848 USD. The NEO projection change for the end of the month is -23.43 %.
NEO projection April 2024
According to the forecast, the average NEO price for April 2024 is 40.688 USD. The price is expected to hit the max price of 50.860 USD and a minimum price of 34.585 USD. The NEO projection change for the end of the month is -19.38 %.
NEO projection May 2024
According to the forecast, the average NEO price for January 2022 is 42.624 USD. NEO is expected to hit the max price of 53.279 USD and a minimum price of 34.323 USD. The NEO projection change for the end of the month is -36.230%.
NEO 2021-2033 Coinforecast price prediction
NEO Price Prediction 2021 – 2025 – 2028 by digital coin
According to the latest long-term forecast by Digitalcoinprice, the NEO price will hit $89.29 by the end of 2022 and then $126.96 by the middle of 2024. NEO will rise to $147.07 within the year 2025, $182.84 in 2026, and $226.15 in 2028.
As you can probably tell, predicting the future of any cryptocurrency is never simple. Many elements determine whether the price will rise or fall. NEO provides many technological advantages over Ethereum, and these advantages give NEO a positive future.
Based on the averages of algorithms and expert opinions, one NEO coin price will be above $500 in 5 years, roughly 4x higher than the current NEO price. This makes NEO a worthwhile long-term investment.
With all this in mind, investors are advised to speak to a financial advisor before making investment decisions. Most importantly, never invest more than you can afford to lose. The cryptocurrency exchange market could come crashing down at any moment.
NEO Price Predictions – FAQ
Is Neo a good investment in 2021?
Yes, according to our forecasts, the NEO price is going to increase. Now the NEO price is $29.860, but by the end of 2021, the average price of NEO might increase to $32.322. This is a good time for crypto enthusiasts and investors to buy NEO and enjoy greater benefits in the long term.
What is going to be the price of NEO by September 2021?
The NEO price is forecasted to reach $56 by the beginning of September 2021.
In 1 year from now, what will NEO be worth?
In July 2022, the NEO price is forecasted to be, on average, $34.951. NEO might hit the $43.688 mark before the end of the year.
Will NEO go up in 2022?
Yes, according to forecasts, the NEO price is going to increase and trade at $83.5353 by the end of 2022.