Logo

Posts

NEO Price Prediction

2020-12-15

2020-12-15

NEO Predictions: A Worthwhile Investment?Jana Kane

NEO is a popular blockchain project that currently ranks 23rd out of all cryptocurrencies on [Coinmarketcap][1], making it one of the most popular altcoins. In this article, we’ll take a closer look at the short- and long-term NEO price predictions and, in particular, the predictions for the future. But we’ll also discuss the current NEO coin rate and the historical data of the coin.

The article covers the following subjects:

Everyone naturally wants to know what the NEO price will be in the future. There are many NEO price predictions on the Internet, but which one should you take seriously? It is best to make your own judgment about the potential of NEO. You do not have to follow all predictions indiscriminately. Many of the predictions have been made by people who benefit from your investment. On this page, you will find the necessary facts that you can use to answer the question for yourself: “Is NEO a worthwhile investment?”

What Is NEO?

NEO, in short, is a blockchain project from China founded in 2014. It used to be called Antshares, but this changed later. [NEO][2] is also called the Chinese Ethereum because they are strongly committed to creating a smart economy. This means that the developers of the project want to make it easy to use smart contracts on the NEO network.

For a trader to use the NEO network, a second cryptocurrency is used - namely, GAS. This can be considered the fuel of NEO. One share of NEO is also seen as one share in the network, and the GAS cryptocurrency is used to make transactions on this network.

By saving your NEO in official wallets, it is possible to earn GAS with your NEO. This is due to the proof of stake principle. You simply deposit your NEO coins in your wallet and receive a portion of the GAS spent on the network in proportion to the amount of NEO you own. It is thus possible to generate some kind of passive income for yourself. You can imagine that when the NEO price or the GAS price rises, you will benefit from the price difference on your NEO but also that of your obtained extra GAS.

This is one of the reasons people invest or have invested a lot in NEO in the past. Over the years, as with any project, a lot has happened with the NEO trend. We should add that it’s not possible to mine NEO coins because they were all distributed during the ICO.

NEO In 2020 And Some History

As it always goes with cryptocurrency projects, the price of NEO experiences constant fluctuations. That is why it makes a lot of sense to keep an eye on the daily NEO exchange rate, as tomorrow it will be different. The current NEO rate can be found below:

Source: Coinmarketcap

At the time of writing (December 11, 2020), the NEO rate is just under $16. However, these prices have been both much higher and much lower in the past. During the introduction of NEO during the ICO, NEO was sold for $0.0320 USD each [in August 2017][3].

Not much later, almost all cryptocurrency projects turned to gold when the Altseason started, and a lot of money was put into the crypto world. In fact, so much money was invested that, at one point, the [ATH/NEO rate was $196.85]4. You have to imagine how much of a return you would have achieved if you participated in the ICO, but that’s beside the point.

The price of NEO is now considerably lower, but this is completely in line with the other cryptocurrency projects. Virtually every blockchain project has seen a significant decline at the beginning of 2018. This is the reason that the NEO price has fallen to its current value of approximately $16 USD. However, there are still many who are still attracted to NEO for various reasons, and the NEO price expectation can therefore be a positive one.

NEO Expert Price Predictions

NEO, thanks to its great potential, is a better long-term investment than many other cryptocurrencies. Although it is also facing a number of headwinds, this year could be very positive for NEO. Let’s get a foretaste of the NEO future value by looking at the predictions given by famous crypto traders and reputable publications:

This platform predicts that NEO might reach 120 to 200 USD by the end of 2020 and in five years might go up as much as $450. Their assurance in such a prediction shows that NEO has the potential to surpass the value of other altcoins.

This renowned cryptocurrency forecasting website has predicted that by the end of 2020, NEO might be able to reach 30.381 USD. They also have given a long-term forecast, where they think NEO might reach $103.70 in a 5-year time frame.

At this famous forecasting agency, they see a bearish trend coming: they believe that the price of NEO might depreciate in 2020 and could even fall to around $9 USD. Still, they see 2021 as a positive year for the coin, as they predict that NEO might go the other way and reach as high as $21 by the end of 2021.

According to a long-term Crypto Ground forecast, NEO might go up to $195.352 in a period of 5 years, which will be an increase of around 13x, with 16 US dollars being the current average price.

CoinFan

CoinFan [believes][5] that by 2020, NEO might reach $200 USD at the maximum, and by 2021, it might go up to as much as $783. This is a very optimistic and bullish prediction by CoinFan. We’ll have to wait and see.

Technical Analysis

[NEO][6] has spent the third quarter of 2020 fluctuating around $17 while creating a potential bullish December setup. The price is currently consolidating above a key monthly level and under the December open – a scenario that can often precede a bullish month.

Relatively equal highs near $19.32 provide a first target for any intra- week pumps. The second series of relatively equal highs near $21.40, along with a third target at the $25.859 swing high, provide reasonable targets if a bullish trend kicks off.

Source: Binance

NEO Price Prediction

Obviously, no one saw it coming that NEO’s massive price rose to well over $190. The same may well be the case for the subsequent decline, with a percentage of over 95% since the [all-time high]4. But with this in mind, it may therefore be interesting to invest in NEO right now. Because when NEO went looking for the all-time high, not only NEO benefited from this, but also the GAS price went crazy.

The GAS price was around the same time at a price of more than $90, while the current GAS price is currently fluctuating around one and a half USD. The current GAS rate can be found below:

Source: Coinmarketcap

GAS Dividend From Your NEO

The more NEO you own, the more GAS you will receive. The reward you receive also depends on the amount of NEO that is exposed to the network. “Low” NEO prices mean you can buy more of it, and more NEO = more GAS. You can therefore consider buying NEO now and collecting GAS.

It will now cost you about $1440 to buy 90 NEO. At the time of writing, this means that you will receive [approximately 1 GAS per month][7] for your proof of stake reward. At current prices, the return is not that high, but that is what makes it interesting. Warren Buffet always says; buy when there is fear, sell when there is euphoria. The prices are relatively low compared to the [all-time][8] high ($97.49 USD on Jan 15, 2018), and the return is therefore much higher when prices rise.

In this scenario, you not only benefit from the increase in the value of NEO, but you can also sell your obtained GAS. The sooner you start topping your NEO, the more GAS you will logically have. With 90 NEO as described, you will receive about 1 GAS per month, and at the highest point, this was an “income” of $90 per month from your investment. Are you investing now, and are prices rising? Then this also means a good monthly return. Now it always remains to be seen whether a new all-time high will come, but you can be sure that you will get the most out of it if you get there early.

NEO Prediction 2020 – 2026

There are, of course, plenty of NEO predictions made in the past, and no doubt many more will follow. It is, therefore, difficult to determine what the actual NEO rate will do in the future. The most important thing to keep in mind is that you never spend money you can’t afford to lose. As long as you do that, nothing can really go wrong. If we are to believe some, you could get a nice return on your NEO and GAS in the future.

For example, a NEO prediction has been made on [Coinswitch][9] for the coming years. This shows that the future looks bright for the Chinese project. The NEO value quoted for 2020 is $274.8, even higher. In 2023 there is a NEO price forecast of $437, and we will all have walked in by 2025. The price of one NEO is then, according to the forecast, $533.

As you can imagine, these are very positive expectations. There are also some more conservative forecasts, although they are still very positive:

Year

|

Prediction

—|—

2020

|

$43,79

2021

|

$54,31

2022

|

$21,44

2023

|

$17,47

2024

|

$35,66

2025

|

$72,25

2026

|

$71,36

The earlier you were there in this case, the more you benefited from the price increase. The relatively low prices of NEO may seem negative at the moment, but should the price increase again, the return will therefore be extra-large. Now, these all seem very rosy predictions and projected values, and perhaps none of it is true; this is impossible to say with certainty. However, the historical data of NEO shows that in the previous advance, the price rose within one year from prices below the dollar to more than $160 +!

How Did the Price of NEO Change Over Time?

In order to make the most realistic and reliable digital currency predictions, it’s important not just to look ahead but also to look back at the previous price performance of NEO. Below you can see how the NEO price changed from 2017 to 2020:

Source: Coinmarketcap

Conclusion

Based on the averages of algorithms and expert opinions, the price of one NEO coin will roughly be $320 in 1 years’ time, which is roughly 20x higher than the current NEO price. This makes NEO a worthwhile long-term investment. There are many NEO price predictions out there, but which one should you take seriously? It is best to make your own projection about the potential of NEO. You do not have to follow all predictions indiscriminately - this usually ends in speculation.

Time

|

1 Week

|

1 Year

|

3 Years

|

5 Years

—|—|—|—|—

%

|

+8.00%

|

+1,890.00%

|

+2,140.00%

|

+4,140.00%

Price

|

$7.88

|

$145.15

|

$163.39

|

$309.27

Make sure to register a free demo account on [LiteForex][10]; it will help you see how the NEO price prediction is going to play out in the future so you can make your own investment and trading decisions. Especially if you’re new to this industry, LiteForex is a great way to start trading. Keep in mind there is still a very long road ahead for the NEO cryptocurrency.

Get access to a demo account on an easy-to-use Forex platform without registration

[ Go to Demo Account ][11]

Disclaimer: The content on this website and in this particular article is not investment advice. It is a collection of different opinions and calculations that are all subject to change at any moment. Investing and trading involve risks; always be aware of that.

Price chart of NEOUSD in real time mode

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.

Rate this article:

{{value}}

( {{count}} {{title}} )

  1. Coinmarketcap.com/ru/currencies/neo/
  2. my.liteforex.com/trading/chart?symbol=NEOUSD
  3. icobench.com/ico/neo
  4. Coinmarketcap.com/currencies/neo/historical-data/
  5. bitcointalk.org/index.php?topic=5121154.0
  6. my.liteforex.com/ru/trading/chart?symbol=NEOUSD
  7. neotogas.com/#:~:text=How%20to%20earn%20GAS%3F,not%20on%20the%20Exchange%20anymore.
  8. Coinmarketcap.com/currencies/gas/
  9. coinswitch.co/news/neo-price-prediction-2019-neo-price-to-touch-200-usd-by-2019-latest-neo-price-update
  10. www.liteforex.com
  11. my.liteforex.com/trading/?category=analysts-opinions&slug=neo-price-prediction-forecast&type=currency