NEO Price Prediction: Promising or Lackluster?

NEO ranks 11th in the list of the largest cryptocurrencies by market capitalization. And even though this cryptocurrency is currently not showing its best performance (the price of NEO today is three times lower than its maximum in May 2021), it may still have something up its sleeve.

Some experts predict the brightest future for NEO, but others are hesitant. Before you make up your mind about this currency, take a closer look at predictions about its future exchange rate.

What Is NEO (NEO)?

NEO is one of the very first platforms created on the basis of Ethereum’s network. The development of this cryptocurrency took almost two years.

It all started in 2014 when Da Hongfei launched a blockchain company based on the Antharas technology called AntShares. The company resided in Shanghai and had a native cryptocurrency running on the platform – ANT.

For better or worse, the ANT currency did not last despite looking quite promising at the time. Soon after the shutdown, Hongfei rebranded ANT, wrote new technical documentation, and released it as NEO. The official launch of this reinvented version was in September 2016.

NEO has a number of features that make it different from the Ethereum network:

• The total supply of cryptocurrencies is capped at 100 million. By late 2021, about 65% have already been mined. The annual output is limited to 15 million to minimize inflation.
• The platform actually hosts two tokens – NEO and GAS. The second one was designed to simplify transactions.
• Also, holders of cryptocurrencies can receive incentives in the form of dividends – GAS token
• One of the main advantages of NEO is that it supports popular programming languages like Python, C, Java, and others.

What Affects the Price of NEO: 5 Factors

It’s clear that there are multiple factors that influence the value of any cryptocurrency, most of which are common for all financial markets. Let’s look at the main factors that determine the value of NEO and its fluctuating exchange rate against the USD.

NEO Price Action in the Past

Before viewing the NEO price forecasts, let’s take a look at the historical background and trace the main events that affected the cryptocurrency exchange rate.

•  2014  – The currency first appeared on the market (under the name Antharas).
•  2017  – The name was changed to NEO (“the new one” in Greek). The main goal for the new period for NEO’s history was to bridge the gap between fiat currency and crypto.
•  2017-2018  – This was a period of high volatility caused by the global explosion in the cryptocurrency market. In 2017, its price went through big changes: the token was selling at $0.0320, but then in 2018, NEO suddenly reached its maximum price – $198.38.
•  2019-2020  – During this period, the coin experienced a sharp collapse in value – the NEO price fluctuated at around $10.

NEO Price: Current Performance

After the sharp collapse of the NEO’s exchange rate, its price started to grow rapidly at the beginning of 2021. Its value approached the $100 mark in April 2021. However, it eventually declined by more than half by the middle of the year, and in June, it fluctuated at around $40. By late 2021, the price of NEO might be around $45.

The current position of NEO can be interpreted differently, which is why there are many opinions expressed on this topic. Even though they have access to the same data, they draw different conclusions from it.

Short-Term NEO (NEO) Price Predictions for 2021

We have a couple of different NEO forecasts for the remaining months of 2021. Trading Beasts shares that the lowest price of the currency will be around $41, and the maximum will not exceed $52.

Meanwhile, Long Forecast says that the minimum price in November won’t be significantly higher than the minimum in December. There might be an intra-month increase – from $28 to $46 in December. The maximum price, in their opinion, can reach $54.

NEO Price Predictions for 2022

Similarly to 2021, opinions about NEO’s movement in the cryptocurrency market differ by a large margin. Let’s look at some NEO expert predictions for the upcoming year and compare them.

Opinion #1

According to Trading Beasts, NEO might close 2022 with a minimum value of $32.055, and the currency will reach a maximum of $41.283 in March 2022. The average price, in their opinion, will be less than the current value of NEO – $38-$41.

Opinion #2

Meanwhile, Long Forecast experts predict the minimum level for one NEO coin to be in July 2022 ($39.00), and a possible maximum is expected at $70.62 in October. The overall average value, experts suggest, will exceed the current value of NEO, but it might close the year at $68.81.

Opinion #3

The most optimistic NEO forecasts are given by experts at Wallet Investor. They suggest that the average price in 2921 will be $75-$90. They also predict the minimum price to be about $30 at the beginning of the year. The maximum of about $115 might be closer to the middle of the year.

NEO Price Predictions for 2023-2025

Moving on to more distant forecasts of the NEO price, we can say that the range of opinions coming from different experts is becoming even wider. It happens because people have varying ideas about what events might be coming in the long term and how they might affect the cryptocurrency market. Let’s look at some predictions about the price of NEO and analyze them.

Opinion #1

Long Forecast experts draw a rather optimistic picture for NEO in 2023 – a gradual and smooth increase in price. They assume that the minimum price of NEO will be $52.65 in March 2023, and the maximum will be $87.48 in July 2023. The average price in 2023 might be at around the $60 mark.

Moving on to 2024-2025, this forecast looks highly pessimistic. Analysts predict a slow decline in the price of this asset, with a minimum of $22.95 by mid-2025. According to them, one NEO coin will be worth $35.18 in November 2025.

Opinion #2

Trading Beasts is on the other side of the spectrum – they shared an optimistic forecast for 2023-2024.

In general, the team expects a gradual increase in the price with a small fluctuation of a few dollars over the course of several months. They also predict a minimum average price of $3-$40 for this period. The minimum for NEO might be $ 27.698 in April 2023, and the maximum price level might close 2024 at $79.143.

Opinion #3

The source called Price Prediction gives a drastically different viewpoint about NEO’s direction in 2025. In general, this platform anticipates continuous growth for NEO. As for specific figures, the minimum price at the start of 2025 might be $131.49, and the maximum price might be at the end of the year – $224.27.

NEO Price Predictions for 2030

Now, we’re moving on to an even longer-term perspective. The forecasts of the NEO cryptocurrency exchange rate have even bigger discrepancies between them.

Opinion #1

Coin Price Forecast is the first one that we’ll be looking at. As you can see, it claims that NEO will open the year at around $145.24 and close it with $152.12.

Opinion #2

Meanwhile, the source Price Prediction expects the NEO price to reach unprecedented heights in nine years. The average price at the start of the year might be $913.06, and by the end – $1,339.33.

Technical Tools for Accurate NEO Price Predictions

If we compare the level of volatility for NEO and, let’s, say BTC and DOGE, the price of NEO looks much more stable. This means that you can trade this asset on short timeframes. But if you want, you can consider trading on higher timeframes for longer-term investments.

Technical Indicators to Use

No matter what cryptocurrency you analyze, you can apply basic indicators that work well for any asset. Besides, technical tools are essential for all trading styles and strategies. These tools include:

• Moving Average
• MACD
• RSI
• Pivot Points
• Fibonacci Retracement

Long-Term NEO Price Predictions by Experts

In this section, you will see the NEO expert predictions and their comments regarding its distant future. They talked about their insights into NEO’s future position and changing trends.

Rakesh Upadhyay, a crypto analyst, says that he expects a bullish trend for the NEO price. The biggest reason for that will be the launch of a $100 million EcoBoost fund.

Trade vs. Invest: What’s Best for NEO

After entering the cryptocurrency market and seeing the impressive levels that NEO reaches, you’re probably wondering whether it’s worth investing in or if it’s more suitable for trading. As you just saw, there are different predictions floating around. However, the general sentiment is more or less obvious – the outlook is positive.

As for the trading/investing debate, on the one hand, if you invest, you can receive considerable gains in the long term. However, NEO also demonstrates great sensitivity to most changes in the market. Investing doesn’t give you any guarantees, especially when it comes to such unpredictable environments like the crypto markets.

Why You Should Trade With a 3commas Bot

The 3commas bot platform has everything that a cryptocurrency trader would need and more. Let us elaborate. The main advantages of using our automated bots are:

• Bots execute trades according to the parameters set by you in advance. But there is also an option to choose our presets.
• You can open positions on more than 20 platforms, allowing you to achieve the best results possible.
• Our service is equipped with professional tools that are very easy to set up and customize specifically for you.
• You can track your trading results to always stay informed.

Another important advantage to mention is that the bots in our system prevent emotional trading and allow you to stick to the original plan.

The service is suitable for traders of any level. We specifically wanted it to make our service intuitive for beginners and provide the best conditions for comfortable trading. Plus, each cryptocurrency has its own peculiarities, including NEO, so the bots take all those differences into account.

And these were only the main advantages of working with a 3commas bot. Check out the service for yourself, and you’ll see how convenient it is for NEO traders!

Conclusion (Updated for 2023)

In conclusion, NEO, currently ranking 64th in the list of largest cryptocurrencies by market capitalization, has a rich history and several unique features that set it apart from other cryptocurrencies. Its journey from its initial incarnation as AntShares to NEO has been marked by resilience and innovation. NEO's "Smart Economy" model, supporting popular programming languages like Python, C, and Java, has garnered attention and support from top Chinese companies.

When it comes to predicting NEO's future price, it's essential to consider several factors that influence its value. These factors include supply and demand dynamics, production cost, volatility, popularity, and government regulation. These variables make forecasting NEO's price a complex endeavor.

Reviewing the historical price action of NEO, we can see significant fluctuations, from its early days to the peak in 2018 and subsequent declines. In recent times, NEO has experienced price volatility, with experts offering various short-term predictions for 2021 and 2022, ranging from modest gains to more optimistic scenarios.

Looking further ahead to 2023 and beyond, experts have provided diverse predictions for NEO's future price trajectory. Some foresee gradual growth, while others anticipate a decline. The variance in these predictions highlights the uncertainty surrounding the cryptocurrency market and the importance of conducting thorough research and risk management when investing in NEO.

For traders and investors considering NEO, it's crucial to evaluate your risk tolerance and investment horizon. NEO offers both short-term trading opportunities, thanks to its price volatility, and long-term investment potential, depending on your strategy and goals.

For those interested in trading NEO, using a platform like 3Commas can provide valuable tools and automation to optimize trading strategies and minimize risks. Automated bots can execute trades based on predefined parameters, helping traders take advantage of market opportunities while reducing emotional trading.

In the long run, NEO's prospects are influenced by factors such as the launch of the Neo3 mainnet, developments in the blockchain ecosystem, and the overall sentiment in the cryptocurrency market. NEO's founders and the community remain committed to its growth and innovation, which could play a pivotal role in its future success.

In summary, NEO's journey in the cryptocurrency market has been marked by resilience and adaptability. Its future price remains uncertain, with experts offering a wide range of predictions. Whether you choose to trade NEO in the short term or invest for the long term, thorough research, risk management, and the use of reliable trading platforms can help you navigate this dynamic and evolving market.