First, Neo’s 12-month price performance has been as extreme – and as stellar – as Bitcoin, if not quite as out-of-this-world as Ethereum’s. In mid-April 2020, Neo was trading at around $7.20. Roll forward to mid-April 2021 and Neo’s current $67.70 valuation represents an +840% value increase.
Moreover, what does Neo Crypto do?
What Is NEO? NEO was founded as AntShares by Da Hongfei and Erik Zhan in China in 2014 and was rebranded “NEO” in June 2017. It is a blockchain-based platform that supports its own cryptocurrency and enables the development of digital assets and smart contracts.
One may also ask, is Neo better than ethereum?
NEO can handle about 10,000 transactions per second whereas Ethereum blockchain currently supports around 15 transactions per second. As you can clearly see, there is a huge gap in the transaction speed. At a time when both Bitcoin and Ethereum are struggling to increase their speed, NEO provides a great alternative.
Can neo reach 1000?
Can NEO reach 1000? NEO has great growth potential, but no one can tell you what high any currency will reach. Based on our information, NEO will not reach 1,000 USD in the coming 5 years but will increase its value big time.
According to these long-term predictions, the price of Neo is likely to go up in 2025. Although Trading Beasts believes the rate of growth will be incredibly small, it still concedes that Neo will make small gains throughout the course of 2024.
We’ve factored this into our consideration, but there are other reasons why a digital token may be included in the list, as well.
- Ethereum (ETH) …
- Litecoin (LTC) …
- Cardano (ADA) …
- Polkadot (DOT) …
- Bitcoin Cash (BCH) …
- Stellar (XLM) …
- Chainlink. …
- Binance Coin (BNB)
Neo price forecast for the rest of 2020 seems quite positive, as many analytical sources share optimistic views for its performance by the end of the year. … However, the same analysts believe that investing in Neo could be a profitable longer-term investment as the price of Neo would reach $26 by 2025.
NEO is having great potential, to be one of the top 10 cryptocurrencies by 2030. By then, the NEO price would also hit a new high. But if the market volatility takes a turn, NEO might suffer minor losses, and the value might reach $400.
NEO Price Statistics
|24h Low / 24h High||$102.77 / $116.51|
|Trading Volume24h||$1,700,566,190.83 8.44%|
|Volume / Market Cap||0.2163|
Yes NEO is indeed undervalued.
NEO is widely considered to be China’s answer to Ethereum. Both cryptocurrencies use smart contracts but NEO takes advantage of its unique blockchain in order to improve on Ethereum’s network. NEO has defined itself as the distributed network for the smart economy.
When looking to purchase NEO coins with cryptos, buyers can purchase BTC, ETH, or USDT from a supported exchange and then transfer it to an exchange that supports NEO. Buying Bitcoin, Ethereum, or USDT is particularly easy with methods of payment including credit card and bank transfer.