Bitcoin
BTC$43 168.18

0.32%

Ethereum
ETH$3 004.08

-0.89%

Cardano
ADA$2.18

-1.67%

Tether
USDT$1.000513

-0.07%

Binance Coin
BNB$341.82

-0.94%

XRP
XRP$0.938253

-0.25%

NEO Price Forecast


#NEO

NEO (NEO) is a project that many had quite a lot of expectations for. Known as 'Chinese Ethereum,' it was believed to be one of the greatest candidates for the title of "Ethereum Killer." However, as time went by, NEO started to lose its influence and popularity, not to mention a constantly dropping price which currently sits at $7.07.

The coin currently has a market cap of only $498 million, and a daily trading volume of $265.5 million. In other words, NEO still isn't dead, but it certainly doesn't sit as high as it used to a year or so ago. As for what awaits it in the future, we may be able to discover it by looking at its past.

NEO so far


NEO is a coin that is around three years old at this point, after seeing a launch in early September 2016. The coin spent almost a year with its price being well below $1, which finally started to change in May/June 2017, when it got caught up in a price surge that took it all the way up to $160.

This was the coin's all-time high, although NEO did not remain this high for long. The market crash in early 2018, followed by a year-long crypto winter took their toll, and NEO kept dropping lower and lower, eventually reaching its new bottom at $5. While this is still above the price it had before the price surge in 2017 — it is still pretty low when compared to its ATH.

The situation seemingly started to change for the better in 2019, when NEO slowly started to grow, eventually breaking several minor resistances, including the ones at $8, $12, and $18. It was on its way of breaching the resistance at $20 when the rally ended, and the prices went through a correction that even took Bitcoin down by several thousands of dollars.

As for NEO, the coin spiraled down to 10, and while it did try to grow once again and breach the resistance at $12 several times over the course of late July and early August 2019 — it was not to be. Eventually, it surrendered to the bear market once again, and it is currently below $8 once more.

As mentioned, its current price is at $7.07, after dropping by 3.50% in the last 24 hours.

What to expect from NEO in the future?


As far as anyone can tell right now, NEO's future as Ethereum Killer is over. Its main competitor — EOS — still has the upper hand, and it currently holds the greatest potential for becoming the dominant development platform.

NEO itself appears to be losing its influence and popularity, as well as its value. The coin did respond to a rally earlier this year, although nowhere near as well as most other cryptocurrencies. For example, Bitcoin's growth took it past halfway towards its ATH, while NEO did not even reach $20. If it were as successful as BTC, it would have reached at least $100 at its highest in 2019.

In other words, the coins are far from being a great performer, and it is unlikely that it will return to its former glory. It still has a lot of support, as confirmed by its relatively decent trading volume, especially considering when the next coin on the list of largest cryptos — USDC — has less than half of NEO's volume. Even so, NEO appears to be sinking, and its performance does not indicate that it will make a comeback anytime soon.

Author: Ali Raza for Crypto-Rating.com

Related

Neo: The Bullish Flag Awaits Resolution
Neo: The Bullish Flag Awaits Resolution
Neo Explodes to the Upside After Successful Break
Neo Explodes to the Upside After Successful Break
Neo Bullish On All Fronts
Neo Bullish On All Fronts
NEO Is a Step Away From the Explosive Zone
NEO Is a Step Away From the Explosive Zone
NEO Has Its Target Set on 50 EMA
NEO Has Its Target Set on 50 EMA
NEO: Cup & Handle Turned Bearish Spike Pattern
NEO: Cup & Handle Turned Bearish Spike Pattern
NEO: The misleading rally
NEO: The misleading rally
NEO moves to new blockchain
NEO moves to new blockchain

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap Volume 24h
1 Bitcoin (BTC) BTC Bitcoin predictions 80.8% 36 $43 168.18 0.32% -0.37% $812 772 420 923 $31 192 680 458
2 Ethereum (ETH) ETH Ethereum predictions 72% 50 $3 004.08 -0.89% 0.41% $353 583 713 819 $19 390 160 771
3 Cardano (ADA) ADA Cardano predictions 67.2% 71 $2.18 -1.67% 3.44% $69 832 878 215 $3 073 248 637
4 Tether (USDT) USDT Tether predictions 92.4% 1 $1.000513 -0.07% 0.05% $68 578 142 843 $71 016 415 448
5 Binance Coin (BNB) BNB Binance Coin predictions 66.8% 61 $341.82 -0.94% -6.18% $57 472 750 025 $1 552 010 074
6 XRP (XRP) XRP XRP predictions 75.6% 49 $0.938253 -0.25% 1.51% $43 832 950 516 $3 033 647 400
7 Solana (SOL) SOL Solana predictions 68% 64 $140.49 3.07% 2.42% $41 785 405 951 $2 881 769 726
8 USD Coin (USDC) USDC USD Coin predictions 90.8% 1 $1.000447 -0.04% 0.02% $31 153 823 850 $3 173 493 897
9 Polkadot (DOT) DOT Polkadot predictions 66.8% 65 $28.29 -1.81% -1.37% $27 941 506 166 $1 712 123 937
10 Dogecoin (DOGE) DOGE Dogecoin predictions 68.4% 61 $0.203046 -0.96% -3.24% $26 692 493 819 $855 732 314
11 Avalanche (AVAX) AVAX Avalanche predictions 59.2% 81 $68.22 2.85% 15.73% $15 027 546 330 $1 240 912 224
12 Terra (LUNA) LUNA Terra predictions 68.8% 60 $37.38 6.51% 33.72% $14 951 567 039 $1 684 215 996
13 UniSwap (UNI) UNI UniSwap predictions 66.8% 67 $22.91 -4.24% 8.57% $14 010 020 202 $1 160 176 166
14 Binance USD (BUSD) BUSD Binance USD predictions 92.4% 1 $1.000238 -0.06% 0.01% $13 529 303 353 $5 078 288 807
15 Chainlink (LINK) LINK Chainlink predictions 64.4% 67 $23.59 -3.95% -0.49% $10 732 590 020 $1 097 433 048

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2021 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.