The opinion of respected crypto experts and technical-based analysis combined predict that the crypto asset of Neo has the potential to reach anywhere between $250 to over $500 between now and the year 2025. To avoid missing out on potential upcoming price surges in the cryptocurrency market, check out our easy-to-follow article on how to buy Neo.
“TO WIN BIG, SOMETIMES YOU NEED TO TAKE RISKS.”– Bill Gates
Latest news about Neo in the cryptocurrency market
- The roadmap for the Neo N3 mainnet has been released
- NEO Price Surge Above 20-DMA, Volume Up Over +75%
Amongst the countless uses of digital currencies and blockchain technology is its ability to create decentralized technology and apps. But where does one go to create said apps? Ethereum is one of the main options, but NEO is a fast-moving competitor with some fascinating aspects. One of the most interesting is the NEO price prediction.
A Chinese alternative to Ethereum, this is a decentralized system infrastructure that enables the development, hosting, and execution of commercial-scale decentralized applications, this technology is exciting, to say the least. As a result, there’s increasing demand for a NEO price prediction that is as accurate as possible.
Just a short while after its launch, NEO saw returns on investment of up to 16,000%. Naturally, this has thrown this innovative digital currency into the spotlight. But the price surge left many wondering if they had missed the boat on NEO and whether investing now was a good idea. I was one of those people until I began to use a range of factors to research the future price such as the following:
- Price history
- The latest legislation
- Prediction strategies
- Expert analysis
By analyzing all of these factors, I was able to find out that there’s never a bad time to invest in this fast-movingasset, and I’m not alone. For example, statistics from the leading trading platform of eToro tell us that sales have skyrocketed in the past few months.
But what does the future hold for investors who get on board early enough? Will it rise once again? Our NEO price prediction aims to answer all. But first, let’s start with just what it actually is and how it works.
What is NEO?
Put simply, NEO is a Chinese-made software network that serves as a platform where anyone can transact and create decentralized products and services. Often referred to as the “Chinese Ethereum”, NEO shares many similarities with the original platform. These similarities largely center around its ability to write decentralized applications.
NEO was founded in China back in 2014, originally under the name of AntShares, by Da Hongfei and Erik Zhan. In June 2017, it was rebranded as NEO during a marketing campaign. It has since placed a large focus on being fully regulatory-compliant.
Those who use NEO are treated to a whole host of innovative features ranging from a decentralized file storage system to an oracle system for feeding external information to it. The blockchain is only one aspect. It also has two native digital currencies in the form of NEO and GAS.
“ONLINE IDENTITY AND REPUTATION WILL BE DECENTRALIZED. WE WILL OWN THE DATA THAT BELONGS TO US.”
– William Mougayar
These cryptocurrencies are vital to the running of operations on the blockchain. Whilst GAS is used to pay for computation on the network, NEO is used for voting on changes to the blockchain protocol. Thus, anyone who owns NEO coins can have an input into the operation of the network. Naturally, the more NEO an investor owns equals more voting power.
Pros and cons of NEO
Like any cryptocurrency, NEO has its fair share of incredible pros and limiting cons. We always aim for transparency in our articles. So in this section, we’re going to cover some of the most important pros and cons of NEO.
|✔️ Owning NEO generates an asset called GAS, which can be sold on exchanges, or used to fuel transactions.||❌ Network consensus is achieved by a very small number of Bookkeeping nodes meaning the consensus of NEO may be overturned easily by attacking those nodes.|
|✔️ Greater utility with programming languages|
✔️ A well-established cryptocurrency that’s been around since 2014.
Do you still have questions about NEO? Rest assured, before we get into the price prediction, next we’ll cover some frequently asked questions about NEO to give you a better understanding of the original digital asset and its price potential.
What makes NEO different from Ethereum and is it better?
Although NEO and Ethereum are similar in many ways, they differ greatly in their individual philosophy. Ethereum, for example, is an enormous processor of applications running a huge number of dApps and contracts. Something which has earned Ethereum the title of “global decentralized computer”.
Naturally, Ethereum wants to maintain this position and work to solidify it. So a lot of what Ethereum does is focused on improving scalability and decentralization of the platform to give developers more tools while making sure the smart contracts the developers enable are safe and secure to run on a public blockchain.
But NEO differs in the sense that it promotes itself as an interlinked ecosystem of integrated apps and organizations or, put simply, a smart economy. Through concepts like voting rights for holders of their native currency, it treats the dApps on its platform as partners and members of a community.
Who uses NEO?
It is increasingly being viewed as a positive technology by investors up to governmental levels. For example, it has already received an endorsement for DNA from the government of Guiyang, the capital of Guizhou province of Southwest China.
Despite the recent crackdown on cryptocurrencies, many speculate that the CCP is seeking companies that are willing to play by its rules. As it is a local Chinese venture, it would be one of the top contenders if this is true.
Currently, it is popular amongst people with interests in blockchain technology and investors with interests in crypto and China.
How does this cryptocurrency gain value?
Like most cryptocurrencies, the value is largely driven by speculation in its current state. As more people discover the wide array of its uses, its value grows. Due to its numerous advantages, support for it is only expected to grow as cryptocurrencies become a more widely accepted alternative to fiat currencies. When it does, the value will likely grow in sync.
Can NEO reach $1,000 and is it a good investment?
Due to the phenomenal performance of NEO in past years, many have been left wondering whether this high-speed and affordable asset can ever reach $1,000 per coin. Some experts predict that it has the ability to hit $555 within five years. So whilst $1,000 might be a long way off, it’s not impossible.
Where do people buy, sell, and trade NEO?
You can buy, sell, and trade NEO from a crypto trading platform on the web like eToro or Libertex. If you are a new investor, then we suggest using these platforms due to them being safe, regulated, and beginner-friendly.
The eToro interface in particular is very simple to use, and it has an array of trading tools to allow you to trade safely. For a more in-depth article on where people buy, sell and trade NEO, check out our popular how-to buy NEO guide.
NEO Price History
Although it’s been around since 2014, the price history of NEO only really gets interesting later on in its timeline. Originally priced at under $1 in its early years, NEO went on to reach an all-time of $196.85 in January of 2018. Whilst this brought incredible gains for early investors, the world market later corrected.
In early 2020, NEO was hovering below $10 but then plunged to $4 in mid-March and early April as the news of the pandemic hit markets around the world hard. By September, the price of NEO rose to $25.90 before settling at $14.
Like many altcoins, the highs and lows of NEO practically mirrored the trends of Bitcoin. So any uptrends and downtrends demonstrated by the original currency were naturally demonstrated by NEO. However, NEO saw an independent price divergence in late July when it partnered with the Blockchain-based Services Network (BSN).
A global infrastructure that offers a cheap platform for blockchain projects and similar companies, BSN aims to create a digital economy. This partnership pushed the NEO rate up and allowed it to reach new highs after a long downtrend. Naturally, this led to a number of new investors keen to see a repeat of the previous performance of NEO.
Expert analysis of the NEO price potential
One of the best forms of data we can use to try and determine the potential future price of NEO is to analyze the opinions of various crypto experts across various services. Let’s delve into five essential estimated growth outlooks from various industry experts and analysts to get a sign of the potential prices further down the line.
Overall, Coinpedia is bullish on the NEO price prediction. Based on NEO continuing to build partnerships with influential organizations and persisting with being a unique model that retains a solid support base, they believe NEO has the potential to reach prices of around $555 by the year 2025.
WalletInvestor is one of the crypto services that uses an algorithm-based forecast in an attempt to predict the future price of cryptocurrencies. When it comes to NEO, they are also bullish but not as much as Coinpedia. WalletInvestor predicts that the price of EOS could rise to $172.33 by the end of 2021, and reach somewhere around $335.74 by the end of 2025.
The site of DigitalCoinPrice predicts another bullish outlook for NEO, albeit slightly more conservative than WalletInvestor. The DigitalCoinPrice predicts the NEO token price to reach $49.14 by the end of 2021, $72.23 by the end of 2023, and finally, a figure of $95.73 by 2025.
Another rather bullish expert analysis on EOS is the LongForecast site. One of the most established crypto price services, they predict the price of the NEO token in 2021 to possibly reach up to $317 by the end of the year. In the following three years, they expect the price to rise to a high of between $209 and $259 by the year 2025.
A search on Google will bring an array of price prediction content, and Trading Beasts are often one of the first to appear. Trading Beasts expect the price to possibly hit around $35 in the short term and $45 by the year 2025.
So from over $50 in the short term to up to over $500 in the long term, the overall expert analysis on the future price of NEO is overwhelmingly bullish with some potentially lucrative returns in store for investors. But what does the technical analysis tell us about the price potential of NEO?
Technical analysis of the NEO price potential
Now we move onto the technical side of our Neo price review to try and predict the future price of NEO. This section will utilize powerful tools like the Japanese candlestick, chart patterns, and trading indicators.
As well as giving traders the upper hand in day trading, they provide a good sign that enables us to discover long-term price predictions based on pure technicals when we assess longer time frames.
NEO Price Prediction 2021 – 2022
Historical data shows that since the beginning of 2021, the price of NEO skyrocketed by 131% from $14.45 to $33.33. It’s predicted that the NEO price will rise an additional 96% in the second half of 2021 and it’s then expected to close the year at a price location of around $65.18. A year-to-year change of +351%.
NEO Price Prediction 2022 – 2023
After starting the year at $65.18, it’s predicted that the price of NEO will rise to $84.73 per coin in the first half of 2022, data services show us the price is then expected to lose $1.47 and finish the year at $83.26, which is a +150% gain on the current price.
NEO Price Prediction 2023 – 2024
After starting 2023 at $83.26, data suggest that this asset is expected to move slightly to a figure of $89.42 midway through the year before going on the rise again and ending the year at a price location of around $102.83 at an overall annual increase of 209% from the current price.
NEO Long Term Price Predictions 2024 – 2025
After starting 2024 at $102.83, data suggests that this cryptocurrency will go up to a price location of around $116.05 halfway through the year. The second half of 2024 is expected to see the price at the end of the year higher than the first half of 2024 at $122.39. That’s an overall annual increase of 267% on the current price.
From potentially being the workaround to the crypto ban in China to becoming a popular alternative to Ethereum, there are many signs pointing to a positive future for NEO. Expert opinion and technical-based focus align to tell us that this cryptocurrency has the potential to return some possibly lucrative gains to savvy investors.
Many speculate that the future price of NEO will have a price target well above the previous all-time high. But where to invest in this innovative investment for the long term and navigate the crypto market successfully? The answer lies in a reputable and well-established trading exchange with access to vital trading tools like eToro or Libertex.
Where to buy NEO
NEO is available to buy and trade via exchanges on the web like eToro alongside 18 other cryptocurrencies. This is a well-established, highly regulated, and secure option for trading that has the potential to improve your crypto trading.
What’s more, is that eToro allows you to access their incredible array of trading tools such as the Stop Loss, Take Profit, and built-in charting software that all let you understand trading data better, improve your potential profits whilst ensuring safe trading practices that protect your hard-earned funds.
Also, eToro offers Leverage Trading on NEO. This allows you to multiply small amounts to become large powerful positions that drive massive profits. There’s also a range of other cryptocurrencies available from Bitcoin to Ethereum.
“THE BLOCKCHAIN IS AN INCORRUPTIBLE DIGITAL LEDGER OF ECONOMIC TRANSACTIONS THAT CAN BE PROGRAMMED TO RECORD NOT JUST FINANCIAL TRANSACTIONS BUT VIRTUALLY EVERYTHING OF VALUE.”
– Don & Alex Tapscott
Overall, the financial situation, risk tolerance, and investment strategy of each person vary. NEO is inherently volatile and the price can rise or drop at a moment’s notice, this brings advantages as it does risks.
Both of which are important to understand and weigh against your own investment goals and needs. Only invest money you can afford to lose and balance out the risky nature of crypto investment by building a diversified portfolio.
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Disclaimer – This content is for informational purposes only and is not investment advice. The trading of NEO and other alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice, the content in this price review is not.