The cryptocurrency market is replete with cryptocurrencies such as Bitcoin, Ethereum and Stellar had their bandwagon of profits to attract investors. However, there still lurked a challenge of accessibility, transparency and huge transaction fees with all these digital assets. With decentralised finance (DeFi) becoming the talk of the town, algorithms and science-backed cryptocurrencies seem to be ruling the blockchain world. Before we delve into Neo’s price prediction, let’s take a look at some of Neo’s unique features.
Founded in 2014, as ANT in China’s first digital currency, NEO, the native digital currency was rebranded in 2017. Da HongFei and Erik Zhang’s open source blockchain platform, the challenge adopted by this Proof of Stake and smart contract protocol, transforms today’s global economic landscape into a “smart economy” by using blockchain technology and smart contracts to issue and manage digitised assets.
NEO: THE NEON TOUCH
The Blockchain algorithm is the centre stage of this cryptocurrency, using NEO for all market transactions, such as financial services, apps, games, to name a few, that can be built on the platform.
As explained above, NEO is a blockchain-based digital currency that allows developers to formulate and work on smart contracts, automatically implementing allocations under specific conditions.
Going through the various stages of development and evolution strategies, NEO has stuck to its plan to constantly update the protocol to ensure better usability, security, functionality and decentralisation.
The NEO community’s vision for the currency remains high and firm. Leaving footprints in the technological and functional eco-space, the NEO cryptocurrency nurtures hope and convenience, making life easier for users around the world. There are factors other than the above that govern the price of NEO objectively, namely. The relationship between supply and demand, which is an ancient phenomenon of contradictory relationship of demand and supply, works for NEO.
Neo: What’s cooking hot at Neo Lab
Neo has launched the third version of its public blockchain, N3. There couldn’t have been a better time, especially when Ethereum is fighting hard for a breather. Well positioned on the platform, NEO will increase transaction speeds on the network from 1000 TPS to 5000 TPS while reducing gas fees by 100x. This version of the NEO network will also focus on oracle integration and a decentralised file storage solution.
NEO PRICE FORECAST: 2021-2025
NEO’s long-term price predictions are very mixed, although today, NEO’s price is USD 115. Its current circulating supply is 70,538,831 NEO with a market cap of $8,138,531,910. In the last 24 hours, NEO has increased by about 7%.
2021 neo price predictions
The year 2020 was a game changer, not only for NEO but for most currencies, including cryptocurrencies and fiat. Global economies somersaulted dramatically in light of the pandemic. However, 2020 brought much good for NEO. The currency maintained its forward and upward momentum. In 2020, the price of NEO hovered around $20. NEO has drastically boosted the market sentiment phenomenon since then, and currently, Neo reaches $115.
Neo 2022 price forecast
Along with the same bullish trend, there are predictions that the neo neo 2021 price prediction is bullish. Following the NEO/USD trend pattern, especially the way it trades within the boundaries of a symmetrical triangle, it is evident that the NEO price could also run parallel on the same bullish trend lines. Keeping the series of sequential peaks and valleys in perspective, the NEO 2021 price rise shows a positive trend between the receding pandemic scenario touching the $140 mark in 2022.
NEO 2023 price forecast
Following the study of shorter and longer price trends, NEO’s value has deviated from its normal path every two years. Therefore, going forward, the end of 2022 or 2023 is likely to be not so good for NEO for upside, especially with rivals catching up or markets playing hide-and-seek in trading. Even with market ups and downs, NEO’s price forecast does not seem to have an effect to any great extent.
NEO price forecast 2024
Affirming that there is no staggering possibility and that bulls will ride the crypto market, NEO is once again expected to rule the cryptocurrency market with a price-performance pegged at $180. This shows that NEO has all the potential to not only sustain but also grow steadily even in adverse conditions in the near future, so traders and investors will not be afraid of losing money.
NEO price forecast 2025
This year could mark as the benchmark year, as the price of NEO is predicted to surpass $180 by all means. With mass adoption and based on technical analysis, it is estimated that the NEO coin will reach around $200 by 2025, an increase like never before. Get our other long-term crypto price predictions here at crypto forecast.
FREQUENTLY ASKED QUESTIONS
How is the NEO coin gaining importance in the market?
Credit goes to investors and developers. NEO has the potential to mark its presence in the cryptocurrency world. NEO has pocketed their trust based solely on its merit. NEO has proven its worth against its competitors. NEO would certainly be worth an investor’s hard-earned money.
Why should I use cryptocurrencies over fiat?
Even though the pandemic is in a receding stage, most of the world’s economies have slowed down. NEO may be a small fish in the crypto ocean, but it won’t be long before it becomes a big shark. A timely decision and strong faith are all an investor needs!
Where can I buy NEO coins?
All of the world’s significant reputable exchanges carry the distinctive NEO presence. Compatible exchanges also give you the facility to directly trade NEO for fiat currencies like USD, EUR, GBP, etc., or other cryptocurrencies on many exchanges. Investors can also benefit from blockchain reward programmes on NEO.
Should I invest in NEO and does it have a future in NEO?
One can say Yes and No. Are you meticulously watching the NEO price prediction on the exchange? You should do your due diligence and read the forecast before investing in NEO. And yes, its future is secure as it is one of the top cryptocurrencies with solid fundamentals.
Is NEO a good investment?
Indeed, yes, NEO is a by-product of wealthy scientific masterminds who have studied and worked on blockchain for years. With a well thought out roadmap and vision, NEO is poised to make a radical difference in the entire cryptocurrency world, as a viable NEO investment will break all price barriers that will remain a favourite token on the cryptocurrency exchange.