One of the best things about the crypto market is that there are many different tokens for people to choose from when they trade. Some small-cap coins are making waves beside the top coins by market cap. Even though these coins aren’t prevalent, they have a lot of potentials and make a lot of money.
Another thing that traders look for when they pick these coins is their future value. So, coin-making waves might have one lousy trend and stay in that alarming trend. Traders must pick coins with the best chance of making money long-term if they want to invest in a new token. Here, we’ll be talking about NEO, what it could be used for, and whether or not it’s a coin that will be useful in the long run.
To use the NEO blockchain, traders will need GAS. The GAS is thought of as the fuel for the NEO blockchain. NEO has a consensus mechanism called proof of stake. It means that for every NEO a trader adds to their wallet, he gets the same amount of GAS that can be used on the network for that amount.
With this, traders can make money on autopilot, which means that a rise in both tokens will help them. Traders have chosen NEO for a long time now because of this. However, one thing to keep in mind is that traders can no longer make NEO tokens. So why did this happen? The developers gave away all of the tokens during their ICO.
One of the most exciting things that traders have found is that most small-cap coins follow the same trend as Bitcoin. These words mean that in 2020, there was a lot of volatility in the token price, just like there was in Bitcoin’s price. A good example is the coronavirus pandemic, which hit Bitcoin and NEO.
Other tokens in the market, such as NEO, are often controlled by their volatility. For a long time in 2020, the token’s value was around $10. Fast forward two months, and the coin was selling for just $4 at that time! The price of the token went up even more in September. It was worth $25. December was another critical month for the token, as it ended the year at $14.
Many people think the token price should be the same in April, May 2021, and January 2022. The cost of the token was $130 during those times. It means that the token price will rise by 150 percent from where it is now. The coin also tips to hit $200 by 2025. There must be a significant surge in the price of the currency. It would have to go up by more than 200 percent.
Analysts have said that NEO is a token with a lot of potentials. It’s a long-term investment for most traders because they think it will be a good investment for the future. However, it won’t be worth $1,000 in ten years. Also, if its developers do well with the NEO 3.0 upgrade, it will be a big deal. People would get investors, which could change the whole thing. It’s also good to keep NEO because of the dividends that traders can get in GAS. Take advantage of the price of NEO now so that you can get as much as you can now. It will make their GAS price go up, which will make them make more money.
Even though most developers choose Ethereum when they start new projects, NEO is on its way to becoming as popular as it is now. In the price analysis above, one NEO token should be close to $100 by the end of the week. It means that the coin price could rise by as much as an x2.
It makes NEO an excellent long-term investment. As well as investing, NEO has also been able to make it easier for developers to work. Even if you agree with the above statement, you can still look into the coin before you decide to invest in it.
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