- The value of NEO is predicted to journey an upward wave and attain $32.50 in 2024.
- By 2027, the worth may drop to $28.74 earlier than returning to $35 in 2028.
- 2030 could possibly be bullish for NEO and its worth may attain $52.47.
Many tasks declare to be constructing the next-generation Web, however not all have stayed true to that aim. Nonetheless, a challenge like Neo appears dedicated to the mission. On this article, Coin Version explains what Neo is and the perform of its native NEO token. As well as, additionally, you will discover worth forecasts from 2024 to 2030.
Neo (NEO) Market standing in actual time
| 🪙 Title | No |
| 💱 Image | NO |
| 🏅 Rank | #63 |
| 💲 Value | $19.1954848392 |
| 📊 Value change (1h) | -0.81% |
| 📊 Value change (24h) | -15.08% |
| 📊 Value change (7d) | -5.42% |
| 💵 Market capitalization | $1354027061.04 |
| 💸 Circulating provide | 70538831 NO |
| 💰 Complete provide | 100000000 NO |
Neo (NEO) is at present buying and selling at $19.1954848392 and sits by the quantity #63 on CoinMarketCap by way of market capitalization. They exist 70538831 NEO of cash at present in circulation, bringing the overall market cap to $1354027061.04.
Within the final 24 hours, Neo has decreased by 15.08%. final week, the coin is down 5.42%.
What’s Neo?
Neo is an open-source decentralized blockchain that goals to construct a next-generation web. With Noe, builders have entry to the instruments wanted to construct decentralized functions. On the blockchain, customers would discover a distributed knowledge storage system, a site title service, and a built-in Oracle that enables off-chain knowledge entry.
As for its administration token, NEO, holders can take part in voting. Holding the NEO token additionally has some use instances, together with paying gasoline charges, dApp purchases, and deploying sensible contracts.
NEO Present market standing
The NEO worth on the time of writing was $19.76. This represented a 12.18% improve within the final 24 hours. Like the worth, the buying and selling quantity of NEO elevated by an impressive 95.89% throughout the identical interval. This improve ensured that the amount approached $800 million.
The rise in quantity was an indication of accelerating curiosity within the token. Moreover, NEO’s market cap was $1.39 billion. The utmost and complete provide is 100 million tokens, of which 70.53 million had been in circulation.
Should you intend to purchase NEO, you may get the token on Binance, Upbit, KuCoin, OKX and several other different exchanges.
Neo (NEO) worth evaluation
The value potential of NEO is one thing to be careful for. Nonetheless, you can also make possible predictions of a token with out analyzing its technical facet. Subsequently, this a part of the article focuses on NEO’s short-term forecast and its long-term predictions from 2024 to 2030.
Neo (NEO) Value Evaluation – Bollinger Bands
The value of NEO initially rose to $23.30 on April fifteenth. Other than the shopping for strain, one of many causes for the rise was the excessive volatility indicated by the Bollinger Bands (BB).
Nonetheless, it did not take lengthy for the token’s worth to drop. A purple candle appeared from the 4-hour chart and gave the impression to be chargeable for the bearish worth motion. Regardless of the decline, volatility round NEO remained excessive.
If sellers proceed to take earnings, the worth of the cryptocurrency might fall as little as $15.80. Alternatively, growing shopping for strain may push the worth in the direction of $25.
Neo (NEO) Value Evaluation – Relative Energy Index (RSI)
The RSI on the 4-hour chart confirmed that NEO was unable to maintain its shopping for momentum. On April 14, the token was oversold, however the bulls elevated accumulation and had been capable of push the worth larger.
However the bears had been on the sidelines and it solely took a short time to invalidate the bullish momentum. At press time, the RSI has dropped under the 50.00 median, indicating elevated bearish momentum. Thus, a probable goal for NEO could also be decrease than its worth on the time of writing.
Neo (NEO) Value Evaluation – Convergence Divergence Shifting Common
Though NEO has sparked a bearish transfer, the Shifting Common Convergence Divergence (MACD) has indicated {that a} rebound could possibly be within the offing.
On the time of writing, the MACD was at 0.15, indicating growing shopping for momentum. Nonetheless, the 12 and 26 EMAs revealed that patrons and sellers had been in a heated battle for dominance. Relying on who carries the day, NEO may both attain $20 or drop under $18 within the quick time period.
Neo (NEO) Value Prediction 2024
Within the day by day timeframe, NEO confirmed many irregularities. Between January and March, the worth of the token moved from $10.36 to $18.05. Regardless of the rise, NEO confronted resistance from the bears.
Moreover, it’s anticipated that the token may expertise extra earlier than the 12 months 2024 ends. Nonetheless, the Exponential Shifting Common (EMA) confirmed that NEO may finish the 12 months on the upswing.
At press time, the 50 EMA (blue) has crossed the 200 EMA (yellow), indicating that the pattern could possibly be bullish for many of the remainder of the 12 months. So the NEO worth prediction for 2024 could possibly be round $32.50.
Neo (NEO) worth prediction – resistance and assist ranges
From the 4-hour chart, NEO held robust assist at $14.13 and the bulls had been in a position to make sure that the worth didn’t fall under that time. This assist was additionally one of many explanation why NEO was capable of break $20.
Nonetheless, the trail was not clear, with out obstacles, as there was resistance at $16.86. Whereas the worth of NEO fell, one other resistance appeared at $21.01, which the bulls would discover troublesome to beat.
Neo (NEO) Value Prediction 2025
NEO might not be capable of replicate the shape it had between 2017 and 2018. Nonetheless, by 2025 the worth is predicted to rise from the best worth it may attain in 2024. So the worth prediction for 2025 is $40.
Neo (NEO) Value Prediction 2026
By 2026, the worth of NEO may improve as many market contributors may undertake the token and its use instances. Subsequently, the worth prediction for 2026 is $43.65.
Neo (NEO) Value Prediction 2027
2027 could also be a bear 12 months for NEO. Whereas the worth might improve in some half, the token might face a decline in most of them. The challenge may additionally face regulatory points, as many tasks available in the market have. Subsequently, the worth may drop to $28.74 in 2027.
Neo (NEO) Value Prediction 2028
The value of NEO may bounce again in 2028 and the market cap of the broader market may additionally leap. If that had been the case, the NEO worth estimate could possibly be $35.
Neo (NEO) Value Prediction 2029
Till 2029, NEO can proceed its development. This time, it would be capable of surpass the projected 2025 worth and attain $48 within the course of.
Neo (NEO) Value Prediction 2030
In 2030, NEO should still be a related challenge available in the market. Demand for the cryptocurrency may thus enhance. If this had been the case, the worth of the token may attain $52.47 in 2030.
Neo (NEO) Value Prediction 2040
It could be troublesome to foretell the worth of NEO till 2040. Nonetheless, Coin Version’s evaluation expects the worth to rise to a most of $56.30. At a minimal, NEO could possibly be price $41.23.
| Minimal worth | Common worth | Most worth |
| $41.23 | $50.13 | $56.30 |
Neo (NEO) Value Prediction 2050
Just like the anticipated improve in 2050, the worth of NEO may leap by 2050. Subsequently, our evaluation estimates the worth at $89.46.
| Minimal worth | Common worth | Most worth |
| $59.18 | $67.86 | $89.46 |
Conclusion
Regardless of these predictions, it is very important notice that NEO may expertise a notable decline at varied factors. Though the challenge might stay within the prime 100, the worth might not all the time go. So do your analysis earlier than investing any capital in cryptocurrency.
FAQ
NEO is the administration token of the Neo blockchain, which is an open-source community for builders. With NEO, holders pays gasoline charges, implement sensible contracts, take part in on-chain voting, and buy decentralized functions (dApps).
NEO is accessible on exchanges. So you should buy the token on platforms like OKX, Binance, Crypto.com and the Upbit change in Asia.
Lately, NEO has underperformed in comparison with different altcoins. Regardless of this, the token has been price investing in because the begin of 2024, as its worth has risen by $38.01 on a year-to-date (YTD) foundation. Going ahead, NEO could also be a great funding, however patrons might need to maintain their expectations low as the worth might solely attain conservative ranges.
NEO’s all-time excessive was $198.38 in January 2018.
NEO has the potential to succeed in $50. Nonetheless, how quickly stays unknown. For the token to succeed in $50 from its present stage, the market cap wants to leap 3x. If that had been the case, NEO’s market cap can be near $4 billion. Whereas not unimaginable, it could take a while.
The utmost provide of NEO is 100 million tokens.
It could be troublesome for NEO to surpass its present ATH. The token is sort of 90.10% under its ATH. So for the worth to return again, the worth has to extend by 9x, which is probably not sensible on this cycle. Nonetheless, within the foreseeable future, NEO might attempt to surpass its ATH.
The bottom NEO worth was $0.55 in March 2017.
NEO has about three co-founders. These embody Erik Zhang, Da Hongfei and Hitter Xu.
NEO was launched in 2017.
You may retailer NEO in your pockets. Nonetheless, in case you are comfy protecting your tokens on exchanges, you possibly can retailer them there as nicely. Alternatively, you should use a tough pockets to retailer your chips.
The value of NEO is predicted to be near $32.50 in 2024.
The value of NEo may attain $40 in 2025
NEO worth could possibly be as excessive as $43.65 in 2026.
The value of NEO is predicted to face a decline in 2027, and this places the worth forecast at $28.74.
NEO might rebound from its 2027 lows and attain $35 in 2028.
The anticipated worth of NEO in 2029 is $48.
The value of NEO is predicted to succeed in $52.47 in 2030.
In 2040, NEO might attain a most stage of $56.30.
NEO worth could possibly be $89.46 by 2050.
Disclaimer: The data offered on this article is for informational and academic functions solely. This text doesn’t represent monetary recommendation or recommendation of any type. Coin Version shall not be responsible for any losses incurred because of the usage of stated content material, services or products. Readers are suggested to train warning earlier than taking any motion associated to the Firm.
