NEO is a famous blockchain project that ranks 23rd out of all cryptocurrencies on Coinmarketcap. This post will examine the short- and long-term NEO price estimates, focusing on the future.
NEO is a 2014 Chinese blockchain initiative. NEO is the Chinese Ethereum due to its strong commitment to an intelligent economy. The project’s creators seek to simplify smart contracts on the NEO network.
A trader needs GAS, a second cryptocurrency, to trade on the NEO network – this is NEO’s fuel. One share of NEO is also considered one share in the network, and the GAS money is utilized to make transactions on this network.
In 2020, NEO was below $10 at the start of the year and $4 on March 13 (at Bitfinex exchange). By September 18, NEO was worth $25.90. The NEO/USD pair ended the year around $14.
Small cryptos are known to copy BTC/USD swings. Thus, most of the ups and downs of the NEO/USD pair merely followed Bitcoin’s tendencies. For example, the coronavirus affected the financial markets hardest in March 2020, causing declines in Bitcoin and NEO.
NEO’s last all-time high price was 196.85 USD on January 15, 2018. In June 2017, NEO’s price hit an all-time high due to a strong bullish trend. The market corrected later, but the NEO downturn lasted until January 2021.
The project took three years to complete. Since the end of 2020, the Crypto community has been anticipating NEO 3.0. Several delays occurred. N3 is Neo’s version of their public blockchain infrastructure.
NEO 3.0 features multi-language support, native oracles that safeguard off-chain data, improved interoperability (decentralized storage, self-sovereign identity), world-class tools, and a dual token format are some of the features that are expected to entice developers.
On April 20, 2021, NEO/USD hit $130 after NEO 3.0 was released. It’s a big jump from 0.0320 USD in August 2017.
According to analysts and crypto fans, prices will continue to rise as the technology develops.
The potential of NEO makes it a superior long-term investment to many others. N3’s release boosts NEO’s value.
Long Forecast expects NEO to rise by August 2021. Until October, the maximum cost maybe $184; the lowest price may be $110. It will trade between $72-146 till August. While Investing, Cube expects NEO to hit $150 soon. Soon, it may fall to $55 after bulls profit. Wallet Investor predicts that the NEO/USD pair’s maximum rate will never reach 130 dollars again in 2021. The price will drop from $150 in May to $62-120.
In December 2021, the price will further reach $129.5. According to their platform, CryptoGround predicts a minor increase for NEO. The price will have risen to $120.26 from $105.78 in June by November. Thus, NEO currency may reach $124.6 by the year’s end. The cost of NEO estimates to reach $81.801 by mid-year. It may hit $102.252 in June, with a minimum of $69.531. The NEO/USD rate will not exceed $110 in the second half of 2021. The minimum price is $70.
The primary NEO USD trading aim for 2021 is the level of 43.
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