NEO has basically been designed to digitize the various assets and ensures that the transactions are done with the help of smart contracts. Since NEO's formation, the blockchain has seen a considerable amount of traction among the users. NEO was China’s first digital coin and also a direct competitor of Ethereum , hence often referred to as the “Chinese Ethereum”. Like Ethereum , the NEO is much more than just a digital currency, and this factor has a significant impact on NEO price predictions.
NEO price for today is $5.87 USD (raised 4,15% at the time of writing till $6,12). Its current circulating supply is 65,000,000 NEO with a market cap of $381,571,276. Despite all other coins, its been trading green most of the time since market collapse a month ago.
NEO, is a good option for HODL than most other cryptocurrencies, but NEO price predictions are twisted. Most crypto traders and publications has optimistic bullish predictions, it might plunge upwards to reach the $200 mark by the end of 2019.
Whats your predictions for 2019? Share your opinions here ...
NEO is one of well know coin at the market. Can it be Chinese Ethereum? No one can say NO, a good group of developers and good projects can drive NEO near to the Ethereum.
Many times it take place at Top20 at coinmarketcap and also it is at #21 at the moment.
When we looked the daily NEO/USDT graph we can see that uptrend started at 10 MAY and doing very good till to the first week of July. At 19th September it crushed badly and now the price is near to strong support which is 6.38 USD. If cannot stay blow this support, very strong support 5.5 USD is welcome easily.
My expectation is 6.38 USD can be broken but 5.5 USD can stay strong. Buy orders around 5.5-5.7 USD can be good entry price if marker conditions going like this. Before the end of 2019, we can see NEO around 17 USD if BTC (the King) not make crush the market.
If altcoins going on giving reaction same as last 2 months, than I do not wait any price move from NEO. Can accumulate between 5.5 USD and 6.3 USD. Is it worth put buy order around 5.5 USD? What can we lose? Partial buy order between 5.5 – 5.7 USD with stop loss under 5.5 USD can be good trade strategy.