Since its introduction in China in 2014, NEO has established itself as the world’s first open-source cryptocurrency. It supports its cryptocurrency and grants it the ability to generate digital assets and smart contracts on its terms.
Besides NEO tokens, NEO has another cryptocurrency token called GAS, known as ANC-Antcoins before it was renamed. The ultimate goal is to establish an intelligent economy that bridges the gap between digital and conventional resources.
The NEO blockchain can handle approximately 10,000 transactions per second, whereas the Ethereum blockchain can manage about 15 transactions per second at the moment. As you can see, there is a significant disparity in the transaction speed between the two systems. NEO is an excellent alternative to Bitcoin and Ethereum when both boost their speed.
Technical Analysis for 2021
In Neo Coin Technical Analysis 2021, we use historical data, price patterns, the Relative Strength Index (RSI), and a variety of other information regarding NEO to forecast the cryptocurrency’s future movement.
As stated by CoinGecko, the NEO price is currently trading at $47.07, with a 24-hour trading volume of $628,546,479 at this time of writing to be precise. On the other hand, NEO has seen a 16 percent drop in value during the last 24 hours.
Furthermore, the NEO cryptocurrency has a circulating supply of 70,530,000 NEO. NEO is currently traded on Binance, Huobi Global, OKEx, CoinTiger, and FTX.
The current improvements and advancements may propel Neo Coin (NEO) to greater heights. Starting with the trade volumes in 2018 and 2019, let’s look at the overall picture. The price of NEO is now in a downward trend. When this happens, the price enters the stage of consolidation. Furthermore, the most recent trend for NEO is bullish. As a result, it is expected that the upward price movement in NEO will continue. Because the current NEOUSDT exchange rate is significantly higher than the previous one, the next support level is approximately $94.134.
Since the beginning of 2021, it is apparent that the price of NEO has exhibited several bullish trends. Furthermore, if considering all of these factors, NEO could have a competitive market by 2021.
It is in conjunction with the continuous innovations and enhancements occurring within the NEO platform. The cryptocurrency NEO has a bright future ahead of it in the cryptocurrency market. NEO may reach unprecedented heights in the future.
The price of NEO in 2021 will be $94. As previously said, if investors believe that NEO was a solid investment in 2021, it has the potential to soar to enormous heights, possibly exceeding $200.
NEO trades on many cryptocurrency exchanges, including Binance, Huobi Global, OKEx, CoinTiger, and FTX. It is a situation in which the cryptocurrency can exchange against fiat currencies, stablecoins, and other cryptos. With the ongoing innovations and enhancements inside the NEO platform, it will likely reach its ATH shortly.
“The views and opinions on this Crypto News Website are solely those of the authors and contributors. These views and opinions do not necessarily represent those of iBaseTrading or its partners.”