Neo (NEO) Price Prediction 2024, 2025, 2026-2030: Is A Rebound On Cards?

The post Neo (NEO) Price Prediction 2024, 2025, 2026-2030: Is A Rebound On Cards? appeared first on Coinpedia Fintech News

With a strong uptrend in the crypto market, the magic of altcoins is coming back as the buyers are gaining confidence. Amidst the rising momentum, Neo has been one of the unique projects that aims to set up a whole new economy. Where digital payments, assets, and identities come under one roof.

Chinese developers created some of the biggest exchanges and start-ups in the crypto space, and NEO certainly ranks among them. Is NEO under your consideration? Look no further, as this write-up will decode the plausible NEO price predictions for 2024 and beyond!

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Overview

Cryptocurrency	Neo
Token	NEO
Price	$ 9.93695623 -2.82%
Market cap	$ 700,941,275.9565
Circulating Supply	70,538,831.0000
Trading Volume	$ 35,279,223.8118
All-time high	$196.85 on 16th January 2018
All-time low	$0.07229 on 21st October 2016
24 High	$ 0.0000
24 Low	$ 0.0000

Factors Influencing Neo’s Price

A number of technological, market, and token-related factors will determine Neo’s price movements in the coming years. How these evolve will shape whether the blockchain network sees a rebound or further losses.

Neo’s Technological Strengths

Neo has impressive tech features like dBFT consensus and unlimited scalability that address common blockchain issues. Its digital identity solutions also enable real-world use cases.

If Neo successfully utilizes these innovative elements, it may attract more developers and gain an edge over competing platforms. This could spur greater adoption and positively impact the price.

Market Trends and Adoption

The overall crypto market’s performance will strongly influence NEO’s price trajectory. Growing regulatory clarity benefiting blockchains based in China may also boost Neo.

Partnerships with firms exploring blockchain applications could further adoption. As DeFi heats up, Neo integrating well with these platforms may see more activity and demand for its token.

Tokenomics and Utility

NEO holders currently enjoy participation in network governance and revenue from gas fees. An increase in decentralized applications built atop Neo using its tokens would spur volumes and demand. The team could evaluate token lockups or burns to tighten supplies.

Such moves aim to keep the token economically sound in the long run and avoid a price crash. Vigorous on-chain activity and token utility will be pivotal to a sustained uptrend.

Neo Price Prediction 2024

If the crew behind the project employs fueling initiatives in the midst of growing optimism. The price of NEO could catapult to a maximum of $24.15 by the annual closure of 2024. 

On the contrary, factors like soaring inflation numbers or a crumbling economy could have direct effects on NEO’s price. In such scenarios, the price of the altcoin could face south to $8.50. Successively, an equilibrium in buying and selling pressures could land the price at $16.37.

NEO Price Prediction 2025

Attracting good deals and partnerships with globally renowned organizations will give NEO a moving advantage. Which will help the digital asset climb up the ranking order. In such a case, NEO might reach a maximum of $30.88.

In contrast, if its rivals emerge superior, then its crumbling dominance will take the price down to$15.20. Considering the permutations and combinations, the average price could settle at $23.04. 

NEO Price Prediction 2026-2030

• NEO Price Prediction 2026: The potential price for NEO ranges from $21.35 to $48.36, with an average price of $34.85.
• NEO Price Prediction 2027: The projected prices vary between $29.87 and $67.54, with an average of $48.70.
• NEO Price Prediction 2028: Estimates suggest prices to fluctuate between $40.33 and $83.58, with an average of $61.95.
• NEO Price Prediction 2029: Anticipated prices range from $51.58 to $114.69, with an average price of $83.13.
• NEO Price Prediction 2030: Projections indicate prices ranging from $68.49 to $145.65, with an average of $107.07.

What Does The Market Say?

Click here to read our price prediction of Chiliz (CHZ)!

What Is Neo?

neo org

neo org

Crypto / Blockchain SolutionBlockchain Network

is a blockchain platform for the advancement of digital assets and smart contracts. The data chain’s existing transactions are kept on different computers that are independent of each other. All operations conducted with the NEO cryptocurrency are checked by these data blocks, by identifying the owner and transaction.

The ecosystem has two native tokens namely NEO and GAS. The NEO token holders can take part in governance procedures. Whilst, they are also eligible to earn passive distribution of the token called GAS. Meanwhile, the GAS token is utilized to pay for dApp purchases, transaction fees, and smart contract deployments.

The platform offers a wide array of services such as interoperability, native oracles, smart contracts, decentralized storage, and self-sovereign ID, amongst others. After prolonged four years of Mainnet operation, NEO has had its biggest evolution, as it emigrated to Neo 3. 

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Fundamental Analysis

The project was launched by da hongfei

da hongfei

 
Da Hongfei is generally known for helping to establish the blockchain-based “Brilliant Economy” network Neo with Erick Zhang in 2014. He accepted his schooling at the South China University of Technology, getting degrees in innovation and English. He worked at a counseling firm until 2013, after which he figured out how to code before establishing Neo. Alongside Zhang, He additionally established OnChain. a business blockchain firm that offers types of assistance to privately owned businesses.
 
With the current year’s launch of Neo3 and the significant $100 million subsidizing program, Neo might be prepared to contend in a bigger organization of savvy contract stages, with the psyche and portion of the overall industry overwhelmed by Ethereum.

EntrepreneurInvestorChief Executive OfficerBusiness Analyst

and Erik Zhang back in 2014. And was originally named AntShares before getting rebranded as NEO in 2017. Today, it is one of the top cryptocurrencies with a large community patting the back.

The co-founder Da Hongfei firmly believes in the fact that albeit the internet is a groundbreaking invention. It includes many cons such as users don’t get access to control their own data. Hence, he strongly proclaims that blockchain technology will resolve the same and will go mainstream eventually. 

Co-founder Erik Zhang is also the creator of the deputed Byzantine Fault Tolerance program. Which intends to dissuade dubious stakeholders from participating in the blockchain’s activities. This futuristic technology was implemented in the Neo blockchain. Further, the co-founder worked as the chief developer for this platform. And has served a major role in the development of Neo 3.0.

CoinPedia’s Neo Price Prediction

Futuristic considerations mainly motivate the creators of NEO, as they are based on making NEO the base for a potential economy. In achieving their goals, they are very proactive as they have already discarded the conventional proof-of-work and proof–of–stake validation algorithms. For a delegated Byzantine fault tolerance algorithm.

This is designed to reduce the network’s susceptibility to bad actors while improving its transaction speeds, and scalability. Such developments make NEO one of the most sought-after cryptocurrencies. Successively, it could surge as high as $24.15, by the end of 2024. Conversely, turbulence in the business could thunder down the price to $8.50.

Historic Market Sentiments

2017

• The price of the coin soared from $1 to $7 as the company concluded the rebranding to NEO. 
• The aggressive buy orders of NEO in August pushed the token value to $40, and its market capitalisation to $2 Billion.
• After ranging between $20 and $40 for several months, it was in December when NEO initiated a parabolic run. 

2018

• The growth of NEO was boosted by, it getting listed on bithumb
  

  
  
  
  
  
  bithumb
  
  

  Centralised Exchange
  
  

  
  
  . As a result by mid-January, the coin reached its ATH. 

•  April was the last month when NEO showed solid growth and reached $83. After which, a gradual fall led to the annual closing rate of $7.

2019

• In April when Bitcoin started growing again, NEO jumped from $9 to $12. 
• By the end of June, the coin reached $20 and then dropped to $8. 
• The NEO price without much fluctuations traded in between $7 to $8 throughout the year. However, the price smashed the yearly highs above $11, yet plunged to close the yearly trade at around $8.

2020

• The price of NEO showcased an impressive run from $8 to $17 in the first month of the year. 
• However, the rates collapsed by the end of the first quarter, with the altcoin tethering around $5.
• The prices started to recover again in the second quarter, Neo’s price moved rapidly, and tentatively to hit a peak of $12.5 by the end of June. 
• Alternate ups and downs led to the price moving sideways. That said, NEO managed to reach $14.36, by the end of the year.

2021

• The year 2021 was a game-changing year for NEO, the cryptocurrency had started the year with a trading price of $14.17. 
• Sequential highs helped the price ascend to $56.13, by February 22nd. But a downswing took the price to $35.15, by February 27th. 
• NEO’s price witnessed a pullback to $79.68 on the 25th of April, after a massive spike of 226%.
• Posing a “v-shaped rebound”, the price hit its local top at $140.91, following which the cryptocurrency fell prey to a downswing. 
• A prolonged bearish season led to NEO finding support at $26.16, by the 20th of July. Followed by an immediate uptrend, the price shot up to $66.84 on September 7th. 
• Ebbing volumes and bearish trends led to a gradual downfall, that left the price at $26.72, by the end of 2021.

To read our price prediction of PancakeSwap click here!

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The post Neo (NEO) Price Prediction 2024, 2025, 2026-2030: Is A Rebound On Cards? appeared first on Coinpedia.org.