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NEO price prediction 2024-2033: Is it good to invest in NEO now?

Key takeaways

  • NEO price prediction suggests that the coin’s price is expected to increase 40.7% which by end of 2024 resulting in a price $15.96.
  • By 2027, NEO may potentially achieve a peak price of $49.12 with an average price of $44.55.
  • In 2030, the target price for NEO is between $133.08 and $166.38, with an average price of $137.97.

In the crypto market, new projects appear every day. On average, only one project out of ten becomes a complete working ecosystem, and only a few of those have an application to the problems of the modern world. One successful start-up is NEO, open-source crypto with the extended functionality to develop smart contracts and decentralized applications (dApps).

Neo (NEO) might not be one of the biggest names in the business, but it’s reputedly China’s first open-source blockchain — and is often referred to as ‘the Chinese Ethereum’. Erik Zhang, one of the co-founders, is the inventor of the ‘Delegated Byzantine Fault Tolerance‘ consensus mechanism, making NEO the first crypto to use this algorithm.

With supporting details on the coin’s potential in this NEO price prediction, you might want to add the coin to your portfolio.

Overview

CryptocurrencyNeo
TokenNEO
Price$11.37
Market Cap$803,414,214
Trading Volume$27,270,021
Circulating Supply70,538,831 NEO
All-time High$195.95 Jan 15, 2018
All-time Low$ 0.072287 Oct 21, 2016
24-hour High$11.67
24-hour Low$11.17

Neo price prediction: Technical analysis

MetricValue
Volatility7.19%
50-Day SMA 12.17
200-Day SMA 14.22
SentimentBearish
Fear & Greed60 (Greed)
Green Days 11/30 (37%)

Neo price analysis: Cryptocurrency devalues to $11.37 as bears takeover

TL;DR Breakdown

  • NEO price analysis confirms a downtrend.
  • The coin value has dropped to $11.37.
  • Strong support is provided at the $8.94 end.

The latest price analysis for July 19, 2024, predicts signs of a growing bearish trend. Although the past week proved in support of the buyers, currently the bears are on the lead. The selling pressure has been on the rise for the past two days. In the past 24 hours, the coin value has depreciated below the $11.37 marker, considering the rising bearish momentum. If the bears gain further strength, the coming days might bring further losses.

NEO/USD price analysis 1-day chart: Downturn results in a loss below the $11.37 boundary

The bears are on the leading end as per the daily price analysis for NEO/USD. The past week brought substantial recovery for the buyers as a result of the continuous upside. Overall, the cryptocurrency value has depreciated to $11.37 in the past 24 hours. Side by side, the moving average (MA) indicator confirms a decline in its overall value. The indicator shows its value at $10.90 for now, considering the major downswing in the earlier weeks.

The volatility is on the increasing side, which is a bearish signal for the coming future. Whereas, the upper end of the Bollinger bands indicator has shifted to $12.22, considering the recent shift in volatility. The lower end of the Bollinger bands indicator has switched to $8.94, thereby confirming the availability of stable support. The Relative Strength Index (RSI) indicator confirms the latest changes in price movements. Its value has descended to 53.67 because of the downturn during the day. 

Neo price analysis 4-hour chart: Cryptocurrency recovers to $11.37 after upside

The hourly price prediction for the cryptocurrency is suggestive of an ongoing upside. The bulls are on the winning side for now, as an upturn in price was recorded during the past four hours. Although a downside was observed in the earlier hours, currently the bulls are on the lead. The coin value has spiked up to $11.37 because of the bullish turn in the past few hours. Moreover, the moving average indicator shows a bearish curve as well. Its value has dropped down to $11.49 because of the downside since yesterday.

The volatility is on the rising end, which is a bearish signal for the approaching hours. The upper boundary of the Bollinger bands indicator has moved to $11.97, thus confirming a high resistance point. Whereby, the lower boundary of the Bollinger bands indicator is currently present at $11.02, indicating stable support. The RSI graph displays a sharp bullish curve on the four-hour price chart. Its value has improved to index 51.88 during the past few hours.

NEO technical indicators: Levels and action

Daily simple moving average

PeriodValue ($)Action
SMA 3 11.48SELL
SMA 5 11.13BUY
SMA 10 10.57BUY
SMA 21 10.82BUY
SMA 50 12.17SELL
SMA 100 14.58SELL
SMA 200 14.22SELL

Daily exponential moving average

PeriodValueAction
EMA 3 10.81BUY
EMA 5 10.96BUY
EMA 10 11.25BUY
EMA 21 11.95SELL
EMA 50 13.37SELL
EMA 100 14.22SELL
EMA 200 13.87SELL

What to expect from NEO price analysis

The recent price prediction for NEO/USD confirms a declining trend for the cryptocurrency. The bears are on the dominant end once again, considering the downturn during the past 24 hours. Overall, the cryptocurrency has devalued to $11.37 because of the growing bearish pressure. On the other hand, the four-hour price analysis confirms a relatively bullish prediction regarding the ongoing market events. 

Is NEO a Good Investment?

NEO enables a smart economy through its unique consensus mechanism and advanced blockchain technology. Although it stands out in the competitive industry, external variables like market conditions and regulations (especially in China) can affect it greatly. Because of this dynamic regulatory landscape, investing in NEO is intricate; investors must carefully assess factors such as its current market position, technological innovations, and relevant legal framework before making any investments. However, it is expected that the token may reach $24.67 by the end of 2025.

Why is NEO down?

NEO has seen an downward trend recently due to several key factors. Negative market sentiment and decreased investor confidence have driven selling activity, pushing NEO prices lower during the past week. Favorable technical indicators such as bearish signals from moving averages and a unstable RSI score still above 50 have contributed to the downward momentum.

Will NEO reach $25?

Yes, NEO is expected to reach $25 and exceed it. By December 2025, the average price prediction is $20.49, and for 2026, the maximum price prediction is $24.67. By 2026, CHZ is forecasted to have a maximum price of $33.77, further supporting a potential rise above $25.

Will NEO reach $50?

Yes, NEO has the potential to reach $50 and beyond. According to the long-term predictions, by 2027, NEO is expected to reach a maximum price of $49.12. By 2028, the NEO price prediction suggests a peak value of $75.62. By 2020, the forecast indicates a potential minimum price of $94.44, indicating strong growth potential.

Will NEO reach $100?

Yes, NEO is projected to reach $100. By the year 2029, the highest price prediction is $110.72, suggesting that NEO has the potential to achieve this milestone.

Does NEO have a good long-term future?

Yes, based on the price predictions for 2025 to 2030, NEO shows a positive long-term outlook. The predictions indicate steady growth, with maximum prices increasing gradually each year. This suggests that NEO is positioned well for long-term growth and could be a promising investment option, as the token is expected to grow fifteen-fold in the next five year reaching a maximum value of $166 by the end of 2030.

Recent News/Opinions on NEO

  • NEO announced that TrendX is now part of the Neo X ecosystem. Neo X users will now have access to TendX’s AI analysis and trend-tracking technology to help their trading practices.

NEO Price Prediction July 2024

Based on technical analysis and NEO price projection for the year 2024, investors should anticipate a potential maximum value of $13.84 and an average value of $11.91 for the cryptocurrency. Furthermore, the forecast indicates that the token’s market price is expected to remain above a minimum threshold of $8.94.

NEO price predictionMinimum priceAverage priceMaximum price
NEO price prediction July 2024$8.94$11.91$13.84

NEO Price Prediction 2024

NEO price prediction for the year 2024, investors should anticipate a potential maximum value of $15.96 and an average value of $14.81 for the cryptocurrency. The forecast indicates that the token’s market price is expected to remain above a minimum threshold of $14.33.

NEO price predictionMinimum priceAverage priceMaximum price
NEO price prediction 2024$14.33$14.81$15.96

Neo Price Predictions 2025 – 2030

YearMinimum Price ($)Average Price ($)Maximum Price ($)
202519.7520.4924.67
202628.6729.4933.77
202743.0844.5549.12
202864.4266.6475.62
202994.4497.77110.72
2030133.08137.97166.38

NEO price prediction 2025

In NEO price forecast for 2025, a dominant bullish sentiment is anticipated to persist in the NEO market. This is projected to drive the token’s value to attain a maximum price of $24.67. Furthermore, the projected average price is set at $20.49, while the predicted minimum price is expected to stay around $19.75.

NEO price prediction 2026

As per NEO price forecast for 2026, the market is poised to witness NEO’s value surging to a peak of $33.77. Meanwhile, the projected range indicates a minimum value of $28.67, with the average price projected to settle at $29.49.

NEO price prediction 2027

Looking ahead to 2027, NEO price projection suggests an exciting possibility of the token reaching a peak market price of $49.12. In terms of the average market price, our forecast indicates a figure of $44.55. On the more conservative side, the projected minimum price for NEO is expected to be around $43.08.

NEO price prediction 2028

According to NEO prediction for 2028, there’s a possibility that NEO could reach a maximum price of $75.62. Additionally, our forecast indicates an average trading price of $66.64, and a minimum price of $64.42.

NEO price prediction 2029

NEO price prediction for 2029 projects a maximum price of $110.72, a minimum price of $94.44, and an average price of $97.77.

NEO price prediction 2030

NEO price prediction for 2030 indicates that the NEO cryptocurrency could reach a maximum trading price of $166.38. Additionally, the projected average price is anticipated to be around $137.97, while the expected minimum price is likely to hover around $133.08.

NEO market price prediction: Analysts’ NEO price forecast

Firm Name20242025
DigitalCoinPrice$25.01$29.49
Coincodex$ 10.27$ 30.26

Cryptopolitan’s NEO price prediction

Our forecast shows that NEO will achieve a high price of $47.79 near the end of 2024. In 2025, the NEO price will range between $60.93 and $72.50. In 2030, the cryptocurrency will range between $407.52 and $474.60, with an average price of $421.61. It is important to consider that the predictions can change at any time and are not investment advice. Professional consultation is suggested, or you can carry out your own research.

Neo historic price sentiment

  • From 2017 to 2018, NEO, formerly known as AntShares, emerged as a significant player in the crypto market, peaking at $198.38.
  • In January 2018 after a rebranding and a series of bull runs. However, by the end of 2018, its price had plummeted to around $7 amid a broad market correction.
  • Between 2019 and 2020, NEO’s price saw minor fluctuations, primarily hovering between $7 and $25, reflecting a period of relative stability within the volatile cryptocurrency market.
  • The years 2021 and 2022 were characterized by volatility and market downturns, with NEO reaching over $100.
  • In early 2021 before falling to a range of $6 to $10 by the end of 2022 due to bearish sentiment and regulatory pressures.
  • In 2023, NEO exhibited signs of stabilization, briefly touching $14 in April, but soon fell to a price range of $7-10$ and closed the year at $13.51.
  • In the first quarter of 2024, NEO touched $18 for the first time since April 2022, and later it peakes at $22 in April.
  • The NEO token then consolidated in $15 for two weeks which resulted in a downward breakout and the coin continued slipping down again at the end of May.
  • NEO continued downward trajectory during the entire month of June and continued the same trend continued till July 7, 2024, as the price decreased to $9.25, however, the coin has recovered to some degree and is trading at $11 range on July 19.

FAQs

Is it worth buying NEO coin?

NEO, thanks to its great potential, is a better long-term investment than many other cryptocurrencies. The release of the N3 and Neo X sidechain could be a springboard for the NEO price.

What is the purpose of NEO coin?

The NEO token is the main cryptocurrency powering the Neo blockchain and can be used for holding, sending, spending, and staking. NEO's main use case is that it allows those who stake it the right to vote on upgrades to the network's parameters. Staking NEO grants users a portion of the block rewards, paid in GAS.

Is NEO listed on Binance?

Binance offers many options. You can easily buy Neo (NEO) with the lowest fees and highest security anywhere Binance is available.

Is NEO proof of stake?

NEO uses the delegated Byzantine Fault Tolerant (bDFT) for blockchain consensus — it is a modified proof-of-stake protocol.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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