Neon EVM is a smart contract on Solana, a rapidly growing blockchain, that uses a consensus mechanism based on the proof of history. This algorithm uses timestamps to define the next block in the Solana chain. The speed with which blocks are added to the Solana blockchain requires additional layers of security for the blockchain. This is where the test algorithm from Solana’s story comes into play. This algorithm assigns a time stamp to each block in order to maintain the security of the system
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Neon EVM allows developers to deploy Ethereum-based decentralized applications (dApps) on Solana with minimal reconfiguration, taking advantage of Solana’s high-speed transactions and low gas costs. Neon EVM is compatible with Ethereum tools and services, such as MetaMask, Truffle, Remix, etc. and supports ERC-20 tokens and
Solidity smart contracts.
Neon EVM has more than 200 projects in its pipeline committed to launching during the mainnet and shortly after the mainnet launch, including first-rate DeFi protocols, wallets, fiat access/exit ramps, infrastructure, DAO tools, etc. In addition to the mainnet, the plan is to develop interoperability with Solana’s smart contracts, compatibility with the entire ecosystem, integration with other major Ethereum tools and services, and an initial grant program.
When will it reach 1 dollar?
The current price of Neon EVM is around 1.15 euros, equal to about 1.25 dollars. The price of Neon EVM depends on various factors, including supply and demand, news and events, market trends, competition, regulation, etc. It is not possible to predict with certainty when Neon EVM will reach 1 dollar, but an estimate can be made based on a few
possible scenarios.
An
optimistic scenario is that Neon EVM continues to grow in popularity and adoption, thanks to its ability to bring Ethereum dApps to Solana, one of the most promising and innovative blockchains in the industry. In this case, Neon EVM could benefit from the increase in demand and value of both Ethereum and Solana, and reach 1 dollar by the end of 2024
.
A
pessimistic scenario is that Neon EVM encounters technical or security difficulties, or that it loses ground compared to other similar projects that offer better or cheaper solutions for interoperability between Ethereum and Solana. In this case, Neon EVM could experience a reduction in demand and value, and delay reaching 1 dollar until
2026 or more.
A
neutral scenario is for Neon EVM to maintain a stable and moderate trend, following market fluctuations and investor expectations. In this case, Neon EVM could reach 1 dollar by 2025
.
When will it reach 10 dollars?
To reach 10 dollars, Neon EVM would have to increase its price by about 8 times compared to the current level. This means that it should also increase its market capitalization by about 8 times, from about 66 million euros to about 528 million euros. This is an ambitious goal, but not impossible, if Neon EVM can demonstrate its long-term value and potential
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An optimistic scenario is that Neon EVM will become one of the leaders in the field of interoperability between Ethereum and Solana, attracting the attention and support of important market players, such as exchanges, wallets, DeFi protocols, etc. In this case, Neon EVM could benefit from a strong network effect and greater trust and recognition, and reach 10 dollars by 2027.
A
pessimistic scenario is that Neon EVM loses relevance and competitiveness, due to poor innovation, scalability or security issues, or increased regulation or competition. In this case, Neon EVM could experience strong downward pressure and a loss of interest and confidence, and never reach 10 dollars
.
A
neutral scenario is that Neon EVM continues to grow steadily and sustainably, adapting to market challenges and opportunities, and offering a valid and reliable solution for interoperability between Ethereum and Solana. In this case, Neon EVM could reach 10 dollars by 2029
.
When will it reach 100 dollars?
To reach 100 dollars, Neon EVM would have to increase its price by about 80 times compared to the current level. This means that it should also increase its market capitalization by about 80 times, from about 66 million euros to about 4.2 billion euros. This is a very difficult, if not unrealistic, goal if Neon EVM fails to radically change
the industry landscape.
An
optimistic scenario is that Neon EVM will become one of the most important and influential platforms in the cryptocurrency sector, thanks to its ability to bring Ethereum dApps to Solana, one of the fastest and most scalable blockchains in the world. In this case, Neon EVM could benefit from enormous demand and value, both from users and developers, and reach $100 by 2030
.
A
pessimistic scenario is that Neon EVM fails or becomes irrelevant, due to a serious technical or security crisis, or strong competition or hostility from other projects or authorities. In this case, Neon EVM could suffer a catastrophic loss of value and trust, and never reach 100 dollars
.
A
neutral scenario is that Neon EVM maintains a positive and progressive trend, but without reaching extraordinary levels of growth or impact. In this case, Neon EVM could reach 100 dollars only in the very distant future, if not ever
.
When will it reach 1000 dollars?
To reach 1000 dollars, Neon EVM would have to increase its price by about 800 times compared to the current level. This means that it should also increase its market capitalization by about 800 times, from about 66 million euros to about 42 billion euros. This is a practically impossible goal, if Neon EVM fails to revolutionize the
cryptocurrency industry.
An
optimistic scenario is that Neon EVM will become one of the most dominant and revolutionary platforms in the cryptocurrency sector, thanks to its ability to bring Ethereum dApps to Solana, one of the most advanced and powerful blockchains in the world. In this case, Neon EVM could benefit from extraordinary demand and value, both from users and developers, and reach 1000 dollars in the very remote future, if the market
allows it.
Is it considered a good investment?
Neon EVM is a cryptocurrency that offers an interesting and innovative solution for interoperability between Ethereum and Solana, two of the most important and popular blockchains in the industry. Neon EVM has the potential to bring Ethereum dApps to Solana, taking advantage of the latter’s high-speed transactions and low gas costs. Neon EVM also has a strong community of developers and users, and a pipeline of projects that are committed to launching on its platform
.
However, Neon EVM is not without challenges and risks, such as competition from other similar projects, technical or security issues, regulation or hostility from other blockchains, market fluctuations, and investor expectations. Neon EVM is still a young and developing cryptocurrency, and its price and value are subject to strong volatility and uncertainty
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For this reason, investing in Neon EVM requires a good deal of caution, research, analysis, and patience. It is not possible to predict with certainty the future of Neon EVM, but an estimate can be made based on some possible scenarios, as we have done in this article. In general, it can be said that Neon EVM is a cryptocurrency that has good prospects, but also great obstacles, and that its success will depend on its ability to demonstrate its value and its potential in the long term
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Price forecasts from 2024 to 2030
Based on the various scenarios that we have described, we can try to make Neon EVM price forecasts from 2024 to 2030, keeping in mind that these are only indicative estimates and not certainties. Here is a table that summarizes our forecasts
:
| Anno | Optimistic scenario | Neutral scenario | Pessimistic scenario |
|---|---|---|---|
| 2024 | 1,50€ | 1,00€ | 0.50€ |
| 2025 | 2,00€ | 1,25€ | 0.40€ |
| 2026 | 3,00€ | 1,50€ | 0.30€ |
| 2027 | 5,00€ | 2,00€ | 0.20€ |
| 2028 | 8,00€ | 3,00€ | 0.10€ |
| 2029 | 12.00€ | 5,00€ | 0.05€ |
| 2030 | 20,00€ | 8,00€ | 0.01€ |