NEO Price Prediction for 2023, 2024-2025 and Beyond

2023.02.20 2023.02.20
NEO Predictions: A Worthwhile Investment?

Jana Kanehttps://www.litefinance.org/weblog/authors/jana-kane/

Although NEO continues to be among the many top-100 cryptocurrencies, it’s dropping its place. In October 2021, it was ranked as 53rd in market capitalization by Coinmarketcap; the coin is now ranked 62nd as of the start of March 2022. The NEO community was launched in 2014 however didn’t change into one of many world’s main blockchain platforms.

Everyone naturally needs to know what the NEO worth will probably be sooner or later. There are many NEO worth predictions on the Internet, however which one must you take critically? It is finest to make your individual judgment concerning the potential of NEO. You don’t have to comply with all predictions indiscriminately. As cryptocurrencies consultants declare, it’s fairly attainable that the value will break by the vital resistance space at $60 once more in 2022.

In this text, we’ll take a more in-depth have a look at the short- and long-term NEO worth predictions and, specifically, the predictions for the longer term. But we’ll additionally talk about the present NEO coin fee and the historic information of the coin.

What Is NEO? 

NEO, briefly, is a blockchain mission from China based in 2014. It was referred to as Antshares, however this modified later. NEO can also be referred to as the Chinese Ethereum as a result of they’re strongly dedicated to creating a wise financial system. This signifies that the builders of the mission need to make it simple to make use of sensible contracts on the NEO community.

For a dealer to make use of the NEO community, a second cryptocurrency is used –  specifically, GAS. This may be thought-about the gasoline of NEO. One share of NEO can also be seen as one share within the community, and the GAS cryptocurrency is used to make transactions on this community.

By saving your NEO in official wallets, it’s attainable to earn GAS along with your NEO. This is because of the proof of stake precept. You merely deposit your NEO cash in your pockets and obtain a portion of the GAS spent on the community in proportion to the quantity of NEO you personal. It is thus attainable to generate some form of passive revenue for your self. You can think about that when the NEO worth or the GAS worth rises, you’ll profit from the value distinction in your NEO but additionally that of your obtained additional GAS.

This is likely one of the causes individuals make investments or have invested rather a lot in NEO up to now. Over the years, as with all mission, rather a lot has occurred with the NEO pattern. We ought to add that it’s not attainable to mine NEO cash as a result of they have been all distributed throughout the ICO. 

NEO from 2023 to 2026: Some History

High volatility is a function of most cryptocurrencies, and NEO is not an exception. Some historic information will enable you construct NEO projected values.

In 2020, NEO was under $10 initially of the 12 months and touched the bottom level of the 12 months of $4 on March 13 (at Bitfinex trade). Yet, the NEO worth managed to leap to $25.90 by September 18. At the top of the 12 months, the NEO/USD pair settled close to $14. 

It’s well-known that small cryptos copy actions of BTC/USD. Thus, many of the ups and downs of the NEO/USD pair simply repeated Bitcoin’s traits. For occasion, the coronavirus hit monetary markets in March 2020 probably the most, leading to downtrends within the crypto world, pushing Bitcoin and NEO down. 

Still, some occasions induced divergence within the course of costs. At the top of July, NEO partnered with the Blockchain-based Services Network. BSN is a world infrastructure that provides an affordable platform for blockchain initiatives and related firms, making a digital financial system. This occasion pushed the NEO fee up. You can see how NEO coin information can have an effect on the value of the cryptocurrency. 

NEO coin has skilled wild volatility spikes in 2021. The 12 months began on the worth of $14.25. In the center of April, the coin confirmed speedy progress as a consequence of Bitcoin’s efficiency. Also, the explanation for such spikes was the discharge of a newly up to date model of the Go node for N3. The primary distinction from the earlier model is that the monitoring code now diverts from the implementation within the core C# shopper. The replace has corrected a possible impasse in nodes which have the elective notary service enabled. Moreover, pockets information are cleaned up correctly after keys are eliminated. Chinese crypto regulation impacts the NEO worth, too. On April 19, within the early Asian session, NEO skyrocketed because the People’s Bank of China referred to as cryptocurrencies “investment tools.” The nation was going to subject new rules, as stablecoins have been turning into cost options.

This bullish pattern continued to May 7. The cryptocurrency hit a brand new year-to-date excessive of $140.77 on May 7, 2021, and fell to $25.03 by July 20, 2021 (Bitfinex trade). A harsh crash adopted, as Bitcoin suffered tremendously within the second half of May. 

The worth regularly elevated from $25.03 on July 20 to its current excessive of $62.97 on August 24, rising by over 151% inside a month. 

At the start of September, the value went up and crossed the $60 mark. However, it didn’t handle to remain this fashion, and the value correction started.

The long-term downtrend has been in pressure since September 2021. As of the start of March 2022, the NEO worth is simply close to $20. However, the coin has probabilities to understand. 

Inclusion of the NEO-powered Jiuquan Chain within the ten chains that can kind the Chinese mainnet is amongst current developments that may push the NEO worth. This integration grants Chinese residents entry to NFT markets that function on the BSN Open Permissioned Blockchain and cling to Chinese rules. 

Another issue that may push NEO is the profitable migration of property from N2 to N3. Although N3 was launched on August 2, 2021, the community took time to switch property to keep away from bugs or points with the method. 

One extra purpose for the resurgence of NEO has been the profitable launch of N3, probably the most superior model of the NEO blockchain. 

Another purpose for NEO’s rise is the launch of quite a few NFT initiatives on N3. The launch of a number of NFT initiatives is accompanied by the introduction of a number of DeFi protocols on N3.

The final NEO all-time excessive worth was 196.85 USD on January 15, 2018. Although the NEO worth is just too low to achieve such highs within the close to future, analysts count on the speed to remain close to $20 this 12 months.

As the cryptocurrency succeeded in reaching new highs, many merchants are interested in NEO, imagining how a lot they’ll earn sooner or later.

The NEO/USD as we speak’s fee is: $12.35

NEO 3.0 Release and How It Can Affect NEO’s Price

Since we talked about NEO 3.0 as one of many main elements that can permit NEO to skyrocket, we must always clarify this improve intimately. The NEO workforce was engaged on the mission for 3 years. The Crypto world has been ready for the NEO 3.0 launch because the finish of 2020. The launch was postponed a number of instances. However, in March 2021, Neo began rolling out an N3 model of its public blockchain infrastructure. 

NEO 3.0 Preview. NEO tries to draw builders to create decentralized purposes on the blockchain. The improved consensus protocol can be utilized worldwide. The improve of the system happens when the Ethereum community (a significant competitor of NEO) is struggling capability issues. Moreover, China, well-known for its strict crypto regulation, claimed blockchain as a strategically main know-how. 

The key factors of the N3:

• The improve will elevate transaction pace from 1,000/second to five,000/second and reduce “gas fees” 100 instances. The charge discount is a core level in competitors with Ethereum, which has too excessive charges. 

• A brand new model will embody a decentralized file storage answer and a brand new governance mechanism. Under the brand new governance, NEO holders will be capable of vote in a NEO Council, which incorporates 21 members. The Council will management the administration of charges, community upgrades, and different operation-based circumstances.

• N3 can change into an excellent place to create non-fungible tokens.

Poly Network, a consortium interoperability protocol, is used to facilitate NEO token migration to the brand new community. The migration with Poly Network will present whether or not the community works nicely to create a blockchain from scratch and switch all the info from the prevailing chain with out errors. 

Here are a number of the main parts of the NEO 3.0 community which can be supposed to draw builders to the system: multi-language help, native oracles that safe entry to any off-chain information, superior interoperability, decentralized storage, and self-sovereign identification, best-in-class tooling, and a dual-token mannequin. 

In the center of April 2021, after NEO 3.0 began rolling out, the NEO/USD pair managed to hit $130. It’s a big rise from 0.0320 USD throughout the ICO in August 2017. The ultimate launch was on August 2, 2021.

NEO Price Prediction for the Rest of 2022 by Crypto Experts

NEO, because of its nice potential, is a greater long-term funding than many different cryptocurrencies. A launch of N3 is a springboard for the NEO worth. Let’s get a foretaste of the NEO future worth by trying on the predictions given by well-known crypto merchants and respected publications.

Wallet Investor

Wallet Investor consultants don’t see NEO at new highs. Still, in May, the cryptocurrency will be capable of rise above $60, reaching the highs of September 2021. The worth will probably be extremely unstable, because the minimal fee is predicted to fluctuate from $ 0.000001 to $13.70. Until June, the common worth will probably be above $20. However, it can fall under $10 from September to October. By the top of the 12 months NEO will get well however with out important jumps. 

Long Forecast

This well-known forecasting company predicts a downtrend for NEO in 2022. The cryptocurrency will return to $10. The highest stage of $25.23 will probably be reached in March, and the minimal worth of $7.53 will probably be set in October.

CryptoFloor

CryptoFloor platform forecasts the NEO will expertise an uptrend. At the top of the 12 months, the NEO coin could rise to $44.64.

Buying and sellingBeasts  

Buying and sellingBeasts is conservative concerning the NEO future. Although the supply doesn’t count on a fall, as the common worth will fluctuate close to $20 all year long, there received’t be stable worth jumps. The most fee of $27.26 will probably be set in April. 

Coin Price Forecast

The Coin Price Forecast web site initiatives a reasonable bullish pattern. By the center of the 12 months, the value will probably be traded at $29.83; by the top of 2022, it can attain $33.41.  

NEO Technical Analysis

Let’s begin the NEOUSD technical evaluation by exploring the month-to-month worth chart outlook.

This 12 months from May to April, the NEO worth reached its peak. After the NEO worth sharp rise, now a downward worth motion is creating much like 2018. Decline is accompanied with excessive volumes, which suggests sellers are all for decreasing NEO worth.

Considering the historic case in 2018, when after the strongest progress the value returned to its base, now the projected NEO decline can rush to its historic low round 4 USD (marked with a crimson line).

NEO worth prediction for 3 months

It is best to make a practical NEO forecast for the quick time period on a smaller timeframe.

The weekly chart reveals the present market state of affairs significantly better. We can observe that the creating bearish pattern has excessive potential as a result of it’s accompanied by a rise of sellers’ exercise.

Another oblique signal that the anticipated fall will proceed is the place of the MACD line. In May, it crossed the sign curve from prime to backside, thereby confirming the top of the earlier bullish pattern. At the second, the indicator histogram stays within the crimson zone and there are not any indicators of a pattern reversal.

Most possible, the longer term worth will proceed to say no. However, the depth of the decline will lower. There is now a break of the pattern line and a continuation of the decline at a much less acute angle.

The same market sample of worth motion has already occurred in 2018. In the following three months, there isn’t a purpose for every other improvement. The anticipated NEO buying and selling vary is from 39 USD to 4 USD.

Long-term NEO forecast for 2021

Let’s conduct a technical evaluation of the every day timeframe and make a forecast for 2021.

On the NEOUSD worth chart above, you’ll be able to see that the stochastic RSI is within the oversold zone. Without confirming indicators from the MACD and candlestick patterns on increased timeframes, this sign is weak and, at finest, can point out a decline slowdown and attainable consolidation for a short while.

Thus, after analyzing the historical past of costs utilizing Bollinger bands and following the decline continuation, let’s mission buying and selling ranges for every month. As you’ll be able to see, the NEO worth chart will easily strategy the help stage of round 4 USD for many of the specified interval.

When this stage is reached, the value will most definitely rebound and proceed to maneuver inside a large channel with a excessive round $40. Most possible, like three years in the past, after sharp surges, the market will go right into a protracted consolidation.

The desk under reveals the detailed NEOUSD worth forecast for every month in 2021.

Long-term NEO buying and selling plan

Let’s assess the potential of the NEO and make up an optimum cryptocurrency buying and selling plan.

Obviously, having such a bearish state of affairs, it’s needed to think about quick promote trades the place the goal is the help stage 4 USD. It is tough to foretell how shut the market will get to it, so I might concentrate on the extent of 10 USD (the inexperienced line on the chart).

There are two ranges for coming into a brief commerce. The first order may be positioned on the breakout of the native low round 26 USD  (blue line).

The final excessive of 39 USD (crimson line) can be utilized as a tenet for the cease loss. I might exit a commerce with a loss after overcoming the 40 USD mark.

I might enter one other quick commerce close to the cease round 37 USD. This strategy will let you common the place and break even when the market will get caught in a slender vary. Be positive to think about the dangers and don’t threat greater than 1% of the portfolio for the whole commerce.

The NEOUSD worth technical evaluation is offered by Mikhail Hypov. 

Weekly Elliott wave NEO evaluation as of 20.02.2023

The NEOUSD is forming a descending correction as a triple zigzag W-X-Y-X-Z. The linking wave X should have accomplished as a normal zigzag [A]-[B]-[C]. Next, the market has been forming the motive wave Y as a triple zigzag [W]-[X]-[Y]-[X]-[Z], as outlined within the chart. The Y wave is about to complete quickly. Let us discover the newest chart part within the eight-hour timeframe.

The ultimate motive wave [Z] should be unfolding as a double zigzag (W)-(X)-(Y) inside wave Y. Sub-waves (W) and (X) should have accomplished, and the ultimate motive wave (Y) is creating as a zigzag A-B-C. Impulse sub-wave A should have accomplished, and correction B ought to quickly finish as a flat [A]-[B]-[C]. Sub-waves [A] and [B] have completed, and the value is rising in sub-wave [C]. The NEO worth may very well be going as much as a stage of 10.70, the excessive marked by impulse (3).

Weekly NEOUSD buying and selling plan:

Buy  9.88, TP 10.70

NEOUSD wave evaluation is offered by unbiased analyst Roman Onegin.

NEO Price Prediction for 2023 by Crypto Experts

Analysts’ forecasts for 2022 differ rather a lot. Thus, it is value contemplating NEO worth forecasts for the following 12 months. Maybe they’ll agree on NEO worth potential in 2023.

Wallet Investor

The common worth is predicted to commerce close to $30 till the center of April. It will already break above $50 by the top of the month. At the start of May, the best worth will hit $80. However, the uptrend received’t be stable. A downtrend will start in the midst of May. By the top of the 12 months, NEO will probably be close to $30 once more. In July 2023, the cryptocurrency could plunge to $1.   

Long Forecast

According to the Economy Forecast Agency, there will probably be a reasonable uptrend. The opening worth in January will probably be $10.71, whereas the closing worth in December will attain $13.73. The most fee will probably be barely above $14. However, the value received’t fall under $7.

CryptoFloor

CryptoFloor consultants predict an uptrend for the NEO cryptocurrency in 2023. By the top of the 12 months, the NEO/USD trade fee could attain $67.40.

Buying and sellingBeasts 

Buying and sellingBeasts expects an uptrend in 2023. The common worth will climb from $16.86 to $26.95 throughout the 12 months. The highest worth of $33.68 will probably be set in December. It’s unlikely NEO will fall under $13. 

DigitalCoin 

DigitalCoin, like many of the different forecast platforms, believes within the upward motion of the NEO/USD worth. During the 12 months, the common worth will break above $30.23. The worth volatility is predicted to be restricted, because the minimal worth will probably be $27.20, and the utmost worth will contact $33.04. 

Coin Price Forecast

Coin Price Forecast expects a downtrend. Starting the 12 months at $33.41, NEO will fall to $32.37 by the center of 2023. At the top of the 12 months, the closing worth will probably be $27.69. 

NEO Price Prediction for 2024 by Crypto Experts

Predictions of consultants differ considerably. Some consider the value will break above the $100 threshold, whereas others see NEO under $10. Let’s take a look. 

Wallet Investor

In 2024, NEO could skyrocket to $100 in April. The common worth will probably be close to $50 all year long. However, the market volatility could also be too excessive, because the minimal worth could fall under $10 on the finish of the 12 months. 

Long Forecast

The supply believes NEO will probably be weak in 2024. Starting the 12 months at $13.73, it can fall to $9.42 by the top of December. The coin might be able to attain its highest fee of $18.15 in March. But volatility will probably be restricted. The worth received’t fall under $8.76.

CryptoFloor 

The CryptoFloor platform continues to be constructive concerning the NEO future. The worth could rise above $100, touching the $116.47 stage by the top of 2024. 

Buying and sellingBeasts 

Buying and sellingBeasts analysts see the NEO common worth inside a slender vary of $27.90-$36.16. The highest attainable fee will probably be set in December at $45.20. The lowest worth of $23.72 will probably be in January.

DigitalCoin 

DigitalCoin web site expects increased worth volatility in 2024 in comparison with 2023. The common worth of the 12 months is $30.85. The highest attainable fee is $34.52, whereas the bottom level is $25.26. 

Coin Price Forecast

In 2024, the value could enhance insignificantly. The opening fee of $27.69 will attain $28.95 by July and finish the 12 months at $31.91. 

Long-Term NEO Price Prediction for 2025-2030 and Beyond by Crypto Experts

In this part, you’ll discover fewer worth projections, because the long-term forecasts are much less dependable and extra approximate. Many elements have an effect on the cryptocurrency fee. That’s why it is so onerous to construct correct predictions.

DigitalCoin 

DigitalCoin web site is optimistic concerning the long-term NEO worth course. The common worth will begin the contemplating interval at $39.77. Although NEO received’t display a stable uptrend in 2025 and 2026, it can rise above $100 in 2031.

Long Forecast

The Economy Forecast Agency submits forecasts for 2025 and the primary 4 months of 2026. The web site could be very pessimistic. The worth will probably be above $10 solely till August 2025. After that, the downtrend will lead NEO to ranges under $5.

CryptoFloor

According to the CryptoFloor web site, the value will maintain rising. Although there’s a forecast just for 2025-2027, you’ll be able to make certain that NEO is an effective funding for at the very least the following 5 years. In 2025, the common worth will keep above $120; in 2026, it can transfer as much as $160. In 2027, NEO will attempt to hit $200.

Wallet Investor

The Wallet Investor platform shouldn’t be prepared to supply a forecast for intervals past 2027. Still, it has some projections for you. By the top of 2025, the value could overcome $120. 

In 2026, NEO will probably be even stronger. The cryptocurrency could come nearer to $150. The supply has projections just for two months of 2027. NEO will maintain rising, breaking above $170. However, it is best to keep in mind that the web site expects excessive volatility. So, you ought to be cautious when opening trades. 

Coin Price Forecast

Unlike different analysts and crypto consultants, the Coin Price Forecast platform sees the secure bullish pattern, with insignificant declines which can be regular for the extremely unstable cryptocurrency market. Still, the supply is conservative. It doesn’t see NEO above $100 till the top of 2033.

How Did the Price of NEO Change Over Time?

In order to take advantage of life like and dependable digital foreign money predictions, it’s vital not simply to look forward but additionally to look again on the earlier worth efficiency of NEO. Below you’ll be able to see how the NEO worth modified from 2017 to 2022:

Source: Coinmarketcap

Is NEO a Good Investment?

According to cost forecasts for the approaching years, the NEO cryptocurrency could also be an attention-grabbing funding choice. Although many of the predictions do not see the coin above $200 inside ten years, there could also be an uptrend for years. Still, the cryptocurrency is extremely unstable and forecasts broadly differ. So, watch out buying and selling NEO.

GAS Dividend From Your NEO

The extra NEO you personal, the extra GAS you’ll obtain. The reward you obtain additionally is dependent upon the quantity of NEO that’s uncovered to the community. “Low” NEO costs imply you should purchase extra of it, and extra NEO = extra GAS. 

5 GAS tokens are created each block and shared between three elements. 10% goes to all NEO holders; 10% goes to 21 members of the Neo Council, and the largest a part of 80% goes to profitable voters for taking part in an enormous function in community governance. 

0.00000001 is the minimal unit of GAS. To declare GAS tokens, you aren’t required to stake NEO. You ought to know that there are exchanges that do not distribute GAS to customers that maintain NEO on their platform. 

Also, should you actively take part within the community governance, you’re going to get a further reward. Be positive a pockets you select helps voting. 

Let’s think about you invested $2,000 to purchase 100 NEO. At the time of writing, March 8, 2022, because of this you might trade them for 457.59 GAS. 

A person with 102 NEO would obtain as much as 0.09 GAS monthly for holding NEO plus 3.57 GAS monthly for governance participation. In this state of affairs, you not solely profit from the rise within the worth of NEO, however you can too promote your obtained GAS. The sooner you begin topping your NEO, the extra GAS you’ll logically have.

The costs are comparatively low in comparison with the all-time excessive ($97.49 on January 15, 2018). However, should you maintain cash till they attain new highs, you’ll earn in your long-term funding. 

No one noticed it coming when NEO’s huge worth rose to nicely over $190. The similar could be the case for the following decline from the all-time excessive ($196.85 on January 15, 2018). But with this in thoughts, it could, due to this fact, be attention-grabbing to spend money on NEO proper now. Because when NEO went in search of the all-time excessive, not solely NEO benefited from this, however the GAS worth additionally went loopy.

Conclusion

Based on the averages of algorithms and skilled opinions, the value of 1 NEO coin shouldn’t be more likely to be above $100 in 1 12 months. However, secure progress is predicted for the longer term. This makes NEO a worthwhile long-term funding. There are many NEO worth predictions on the market, however which one must you take critically? It is finest to make your individual projection concerning the potential of NEO. You don’t have to comply with all predictions indiscriminately – this often ends in hypothesis.

Source: Coin Price Forecast

Make positive to register a free demo account on LiteFinance; it can enable you see how the NEO worth prediction goes to play out sooner or later so you may make your individual funding and buying and selling selections. Especially should you’re new to this business, LiteFinance is an effective way to start out buying and selling. Keep in thoughts there may be nonetheless a really lengthy street forward for the NEO cryptocurrency.

Price chart of NEOUSD in actual time mode