- NEO’s worth is anticipated to trip on the bullish wave and hit $32.50 in 2024.
- By 2027, the value would possibly fall to $28.74 earlier than it rebounds to $35 in 2028.
- 2030 might be bullish for NEO, and its worth would possibly hit $52.47.
Many tasks declare to be constructing the subsequent era web however not all of them have stayed true to that goal. Nonetheless, a undertaking like Neo appears to have dedicated itself to the mission. On this article, Coin Version explains what Neo is, and the operate of its native token NEO. Moreover that, additionally, you will discover the value predictions from 2024 to 2030.
Neo (NEO) Actual Time Market Standing
| 🪙 Identify | Neo |
| 💱 Image | NEO |
| 🏅 Rank | #63 |
| 💲 Worth | $19.1020363554 |
| 📊 Worth Change (1h) | -0.43 % |
| 📊 Worth Change (24h) | -15.33 % |
| 📊 Worth Change (7d) | -6.04 % |
| 💵 Market Cap | $1347435314.23 |
| 💸 Circulating Provide | 70538831 NEO |
| 💰 Whole Provide | 100000000 NEO |
Neo (NEO) is at the moment buying and selling at $19.1020363554 and sits at quantity #63 on CoinMarketCap when it comes to market capitalization. There are 70538831 NEO cash at the moment in circulation, bringing the whole market cap to $1347435314.23.
Over the previous 24 hours, Neo has decreased by 15.33%. Wanting on the final week, the coin is down by 6.04%.
What’s Neo?
Neo is an open-source decentralized blockchain that goals to construct the next-generation web. With Noe, builders can entry the instruments required to construct decentralized functions. On the blockchain, customers would discover a distributed knowledge storage system, a site identify service, and a built-in Oracle that allows entry to off-chain knowledge.
By way of its governance token, NEO, holders can take part in voting. Holding the NEO token additionally has some use instances together with fuel price funds, dApp purchases, and good contract deployment.
NEO Present Market Standing
NEO’s worth as of this writing was $19.76. This represented a 12.18% improve within the final 24 hours. Like the value, NEO’s buying and selling quantity elevated by an impressive 95.89% throughout the identical interval. This improve ensured that the quantity obtained near $800 million.
The rise in quantity was an indication of accelerating curiosity within the token. Moreover, the market cap of NEO was $1.39 billion. The utmost and whole provide is 100 million tokens, of which 70.53 million had been in circulation.
In case you intend to purchase NEO, you may get the token on Binance, Upbit, KuCoin, OKX, and a number of other different exchanges.
Neo (NEO) Worth Evaluation
NEO’s worth potential is one thing to keep watch over. Nonetheless, you can also make possible predictions of the token with out analyzing its technicality. Therefore, this phase of the article focuses on NEO’s short-term forecast and its long-term predictions from 2024 to 2030.
Neo (NEO) Worth Evaluation – Bollinger Bands
NEO’s worth initially rose to $23.30 on April 15. Moreover the shopping for stress, the excessive volatility, indicated by the Bollinger Bands (BB) was one of many causes for the rise.
Nonetheless, it didn’t take lengthy for the value of the token to fall. From the 4-hour chart, a pink candlestick appeared and appeared answerable for the declining worth motion. Regardless of the decline, volatility round NEO remained excessive.
If sellers proceed to take earnings, the worth of the cryptocurrency would possibly tumble as little as $15.80. Alternatively, a hike in shopping for stress might push the value towards $25.
Neo (NEO) Worth Evaluation – Relative Power Index (RSI)
The RSI on the 4-hour chart confirmed that NEO was unable to retain its shopping for momentum. On April 14, the token was oversold however bulls ramped up accumulation and had been in a position to drive the value greater.
However bears had been on the sidelines, and it took solely a short time earlier than they invalidated the bullish momentum. At press time, the RSI had declined under the 50.00 midpoint, suggesting elevated bearish momentum. Therefore, the doubtless goal for NEO is perhaps lower than its worth as of this writing.
Neo (NEO) Worth Evaluation – Shifting Common Convergence Divergence
Although NEO flashed a bearish motion, the Shifting Common Convergence Divergence (MACD) confirmed {that a} rebound might be doable.
As of this writing, the MACD was 0.15, indicating an growing shopping for momentum. Nonetheless, the 12 and 26 EMAs revealed that patrons and sellers had been in a heated contest for dominance. Relying on who takes the day, NEO might both hit $20 or decline under $18 within the quick time period.
Neo (NEO) Worth Prediction 2024
On the each day timeframe, NEO exhibited a variety of inconsistencies. Between January and March, the value of the token moved from $10.36 to $18.05. Regardless of the upswing, NEO has needed to put up with resistance from bears.
Moreover, it’s anticipated that the token would possibly expertise extra of that earlier than 2024 ends. Nonetheless, the Exponential Shifting Common (EMA) confirmed that NEO might finish the 12 months on a bullish notice.
At press time, the 50 EMA (blue) had crossed over the 200 EMA (yellow), suggesting that the pattern might be bullish for many of the 12 months’s the rest. Therefore NEO’s worth prediction for 2024 might be round $32.50.
Neo (NEO) Worth Prediction – Resistance and Help Ranges
From the 4-hour chart, NEO held robust assist at $14.13, and bulls have been ready to make sure that the value doesn’t decline under this level. This assist was additionally one of many causes NEO was in a position to break previous $20.
Nonetheless, the highway was not a transparent, unhindered one as there was resistance at $16.86. Whereas NEO’s worth has decreased, there was one other resistance at $21.01 which bulls would possibly discover laborious to breach.
Neo (NEO) Worth Prediction 2025
NEO would possibly fail to duplicate the shape it had between 2017 and 2018. Nonetheless, by 2025, the value is anticipated to extend from the best worth it would attain in 2024. Therefore, the value prediction for 2025 is $40.
Neo (NEO) Worth Prediction 2026
By 2026, NEO’s worth would possibly improve as many market contributors would possibly undertake the token and its use instances. Due to this fact, the value prediction for 2026 is $43.65.
Neo (NEO) Worth Prediction 2027
2027 is perhaps a bearish 12 months for NEO. Whereas the worth would possibly improve for some half, the token would possibly face a downturn for essentially the most of it. The undertaking may also face regulatory points like many tasks out there have. Due to this fact, the worth might drop to $28.74 in 2027.
Neo (NEO) Worth Prediction 2028
NEO’s worth would possibly rebound in 2028, and the market cap of the broader market may also soar. Ought to this be the case, the value prediction of NEO is perhaps $35.
Neo (NEO) Worth Prediction 2029
By 2029, NEO would possibly proceed its improve. This time, it would be capable to surpass the projected worth of 2025 and attain $48 within the course of.
Neo (NEO) Worth Prediction 2030
In 2030, NEO would possibly nonetheless be a related undertaking out there. As such, demand for the cryptocurrency would possibly enhance. Ought to this be the case, the value of the token might hit $52.47 in 2030.
Neo (NEO) Worth Prediction 2040
It is perhaps tough to foretell NEO’s worth by 2040. Nonetheless, Coin Version’s evaluation expects the worth to extend to a most of $56.30. On the minimal, NEO might be value $41.23.
| Minimal Worth | Common Worth | Most Worth |
| $41.23 | $50.13 | $56.30 |
Neo (NEO) Worth Prediction 2050
Just like the anticipated hike in 2050, the value of NEO might soar by 2050. Therefore, our evaluation locations the value prediction at $89.46.
| Minimal Worth | Common Worth | Most Worth |
| $59.18 | $67.86 | $89.46 |
Conclusion
Regardless of these predictions, you will need to notice that NEO might expertise a notable nosedive at totally different factors. Whereas the undertaking would possibly stay within the high 100, the value received’t all the time go. Due to this fact, do your analysis earlier than committing any capital to the cryptocurrency.
FAQ
NEO is the governance token of the Neo blockchain, which is an open-source community for builders. With NEO, holders will pay fuel charges, deploy good contracts, take part in on-chain voting, and buy Decentralized Functions (dApps).
NEO is accessible on exchanges. So, you should purchase the token on platforms like OKX, Binance, Crypto.com, and Asia-based alternate Upbit.
In recent times, NEO has underperformed when in comparison with different altcoins. Regardless of that, the token has been value investing in for the reason that starting of 2024 as its worth has elevated by 38.01$ on a Yr-To-Date (YTD) foundation. Going ahead, NEO generally is a good funding however patrons would possibly have to maintain their expectations low as the value would possibly solely hit conservative ranges.
NEO’s all-time excessive was $198.38 in January 2018.
NEO has the potential to succeed in $50. However how quickly stays unknown. For the token to hit $50 from its present stage, the market cap has to leap 3x. Ought to this be the case, NEO’s market cap could be near $4 billion. Whereas this isn’t inconceivable, it might take a while.
The utmost provide of NEO is 100 million tokens.
It is perhaps tough for NEO to surpass its present ATH. The token is nearly 90.10% down from its ATH. So, for it to revisit the value, the worth has to extend by 9x which could not be sensible this cycle. Nonetheless, within the foreseeable future, NEO can try to surpass its ATH.
The bottom worth of NEO was $0.55 in March 2017.
NEO has about three co-founders. They embrace Erik Zhang, Da Hongfei, and Hitter Xu.
NEO was launched in 2017.
You’ll be able to retailer NEO in a pockets. Nonetheless, if you’re snug with preserving your tokens on exchanges, you possibly can retailer them there too. Alternatively, a tough pockets may also turn out to be useful so that you can retailer your tokens.
The worth of NEO is anticipated to close $32.50 in 2024.
NEo’s worth would possibly hit $40 in 2025
The worth of NEO might be as excessive as $43.65 in 2026.
NEO’s worth is anticipated to face a downturn in 2027, and this places the value prediction at $28.74.
NEO would possibly bounce from its 2027 lows and hit $35 in 2028.
The anticipated worth of NEO in 2029 is $48.
NEO’s worth is anticipated to hit $52.47 in 2030.
In 2040, NEO would possibly hit $56.30 on the most stage.
The worth of NEO might be $89.46 by 2050.
Disclaimer: The data offered on this article is for informational and academic functions solely. The article doesn’t represent monetary recommendation or recommendation of any type. Coin Version shouldn’t be answerable for any losses incurred on account of the utilization of content material, merchandise, or providers talked about. Readers are suggested to train warning earlier than taking any motion associated to the corporate.
