Neo Price Predictions: How Much Will NEO Be Worth In 2021 And Beyond?
NEO Price Predictions
How Much Will NEO Be Worth In 2021 And Beyond?
Will NEO go up or crash? Read our NEO Price Prediction 2021 – 2025
On the hunt for NEO prediction 2021 - 2025? Or have you been struggling to answer the question ‘is NEO a good investment?’ Read on. Find out the top NEO Price prediction forecast for 2021 and beyond and discover how much NEO could be worth in 2021-2025.
With a market capitalization of $1,202,733,070, Neo (NEO) is currently the world’s 23rd largest cryptocurrency. It might not be one of the biggest names in the business, but this crypto has the accolade of being China’s first open-source blockchain — and is often referred to as ‘the Chinese Ethereum’.
When Neo first came to the market in 2014, it was originally launched under the name of Antshares. It wasn’t until 2017 that it took on the name Neo, which means new or young in Greek. Rather like a stablecoin, Neo aims to bridge the gap between crypto and fiat currency. It does this by providing a decentralized platform for people to carry out non-digital payments.
In the six years since its launch, Neo has gained reputability but experienced high levels of volatility. This was particularly the case in 2017-2018, when the widespread explosion of the cryptocurrency market saw Neo’s price skyrocket to its all-time high (ATH) of $198.38.
Want to find out more about NEO? You’re in the right place. Whether you’re wondering ‘Is NEO a good investment in 2021?’ or simply want to keep ahead of the cryptocurrency trends, read on to discover some of the key Ripple price predictions for 2021 and beyond.
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What Is Neo (NEO)?
Before we look at the most compelling short-term Neo price predictions, let’s recap how the cryptocurrency works. As we mentioned in the introduction, Neo is a platform that aims to enable its users to make decentralized digital payments. So how exactly does it do it?
One of the most important things to remember about Neo is that it uses two different native tokens. These are NEO (the token that we’ll be discussing in this article) and GAS. Although they share some similarities, such as both having a maximum supply of 100 million, they serve completely different purposes:
- NEO represents ownership of the Neo blockchain. These tokens are used to add blocks to the chain and manage the overall network.
- GAS, as its name suggests, is used to power transactions within the Neo platform. When users hold NEO tokens in their wallets, they are rewarded with GAS tokens, which function much like Ether on the Ethereum network. Users must pay transaction fees in GAS.
This two-tiered system sets Neo apart from many of its competitors. It’s possible to buy and trade GAS tokens directly, but most people choose to own NEO tokens, as these represent a stake in the network. With each new Neo block that’s generated, 8 new GAS tokens are distributed.
Another key thing to note about Neo is the fact that its tokens aren’t divisible. This means that each token represents a single share in the company, and as shares can’t be split into smaller parts, nor can NEO. At NEO’s current price of $17.03, this isn’t an issue. However, it could potentially become a problem for investors in the future.
Let’s use Bitcoin, the so-called king of cryptocurrency, as an example. At the time of writing, the cost of a single Bitcoin token is $19,287.47. For all but the wealthiest investors, this price is prohibitive and makes it impossible for many people to buy one token, let alone more than one. Luckily, it’s possible to buy a percentage of one BTC. This means that investors can access Bitcoin for just $100, or however little they wish to spend.
If the price of NEO increases significantly in the future, this will make it a much more exclusive investment opportunity. This could mean that it will be more difficult for current investors to sell their tokens, as each asset will need to be purchased in its entirety. The higher the cost, the harder it is for people to afford to buy.
Short-Term Neo Price Predictions: 2021
NEO price prediction for 2021
What are crypto experts forecasting for NEO in 2021?
Now that we’ve explained some of the history behind the Neo platform, it’s time to look ahead to the coming year. What do some of the top cryptocurrency analysts believe could happen to the price of Neo in 2021? Can they answer the question ‘Is Neo a good investment?’
Let’s start by taking a look at the predictions from WalletInvestor. According to this crypto platform, the outlook for Neo in 2021 is relatively optimistic, as we can see in the graph below:
Although the price of Neo doesn’t seem set to approach its ATH, WalletInvestor’s forecasts do place it at its highest value since 2018. Between mid-January to mid-March, its average value hovers around $50, which is approximately three times its current price of $17.03. This trend, unfortunately, doesn’t last for long, but its yearly low of around $19 is still higher than its highest value of 2020. This should be encouraging news for investors, whether they’re considering adding Neo to their portfolios or have done so already.
So, do other platforms agree with this forecast? Turning to DigitalCoinPrice, we can see that it’s predictions aren’t miles away from those of WalletInvestor. Although it expects that the price of Neo will undergo a number of peaks and dips, the overall trend is an improvement from 2020, according to its analysis.
DigitalCoinPrice predicts that Neo will reach its yearly high much later in the year than WalletInvestor, with its analysis suggesting that the crypto will max out in May. However, the two platforms are in agreement when it comes to the value of its ATH. Both believe that Neo will reach approximately $50 in 2021, which is a significant improvement on its current price of $17.03. They also agree that Neo won’t dip below this value at any point during the year.
Our final short-term Neo price prediction comes from Trading Beasts. Unfortunately, the forecast from this platform isn’t quite so positive:
The table above shows that Trading Beasts has rather bleaker expectations for 2021. Its maximum prices are still less than half of the yearly highs we saw from both WalletInvestor and DigitalCoinPrice, while its minimum predictions are all lower than Neo’s current price. Only in November and December has the platform predicted a positive growth rate, with the previous ten months all ranging between a disappointing -0.16% and -9.46%.
This bearish prediction is unlikely to fill investors with confidence. However, to find out how valid it is, we’ll need to look ahead to 2022-2025 to discover some of the long-term forecasts for Neo. Considering the historic volatility of this digital asset, Trading Beasts’ predictions might not be a valid indication of the crypto’s future performance. Read on to find out whether the top cryptocurrency trends can answer the question ‘is Neo a good investment?’
Would you consider investing in NEO?
Long-Term Neo Price Predictions: 2022-2025
What are crypto experts forecasting for NEO in 2022 and beyond?
If you prefer to follow a long-term investment strategy, the long-term predictions for the price of Neo are a particularly important consideration for you. Given the variety we saw between Trading Beasts’ 2021 forecasts and those from WalletInvestor and DigitalCoinPrice, let’s look towards 2022 and beyond to find out which trend is the most likely.
The Italian cryptocurrency platform Previsioni Bitcoin commonly gives optimistic predictions for the crypto market in 2021, but what are its expectations for Neo in 2022? In the graph below, we can see that Previsioni Bitcoin believes 2022 will be one of Neo’s best years to date, with a yearly high of $155.1674 occurring in January:
Although the trend for the remainder of the year is relatively bearish, the values that Previsioni Bitcoin has predicted are far higher than Neo’s current price of just $17.03. Its lowest point in 2022 will occur in November when its price will dip to $68.8674 but reclimb to hit $86.1274 before the year is out. For the majority of 2022, it will hover around $100, which is the closest that the cryptocurrency will have come to its ATH since 2018.
For 2021, DigitalCoinPrice’s predictions were relatively optimistic. So how do its long-term predictions compare? For 2022-2025, the platform has given us the following forecasts:
The trend we can see on the graph is incredibly volatile. Its optimistic predictions for 2021 are apparently not sustainable at such a level, and although its five-year projections are ultimately bullish, investors are likely to experience a sharp slump in the first half of 2022. In fact, this slump will dip below $0, placing Neo at a negative value for over six months between June 2022 and July 2023. If these predictions are correct, it means that Neo could lose more than $50 in value in the space of just six months.
The good news is that from the middle of 2024 onwards, the outlook is slightly more bullish. In fact, DigitalCoinPrice believes that Neo could exceed its 2021 highs of around $50, rising to $68.30 by January 2025. If you’re a long-term investor, this could mean weathering a couple of (incredibly) bearish years in order to capitalize on future gains. If you prefer to follow a short-term trading strategy, you may want to keep monitoring the market and attempt to cash in on these rapid volatility levels.
Our last long-term Neo price prediction comes from Coinswitch. Much like Previsioni Bitcoin, Coinswitch often gives more optimistic projections than other platforms, which means it can provide a compelling alternative argument to those we’ve seen previously. If you’re wondering ‘will the price of Neo go up?’, Coinswitch’s prediction is very encouraging. By 2025, the platform predicts that Neo could be worth a staggering $533, which is more than double its previous ATH of $198.38.
Coinswitch has justified this projection by citing the uniqueness of the Neo blockchain, which historically has inspired investors to keep faith in the cryptocurrency even during bearish runs. The platform also believes that new partnerships over the coming years could boost Neo’s market position.
As a long-term investment, it projects that NEO could perform very well. According to its predictions, the value of the NEO token could rise to $130.50 by the very end of 2021, rising to $180.20 in 2022, and achieving a mean price of $220.70 by 2025.
Conclusion: NEO Price Prediction Forecast
The below prediction figures outlines some of the Potential high and low of NEO price prediction forecasts in 2021, 2022, 2023, and 2025+ offered by technical analysts and industry experts.
Let’s take a look at some additional Neo (NEO) expert predictions over the next coming years:
Neo Expert Predictions for 2021
- Previsioni Bitcoin: $143.4205
- CoinLiker.com: $140.77
Neo Expert Predictions for 2022
- Capitol.com: $161.93
- Trading Beasts: $21.287
- WalletInvestor: $52.188
Neo Expert Predictions for 2025
- Cryptoground: $177.154
- Coinliker: $342.82
How Has The Price Of Neo Changed Over Time?
As well as looking at future predictions, it’s important to look back at a cryptocurrency’s past performance in order to make the most accurate forecasts. Although Neo hasn’t been on the market for long, its price changes over the last few years have been relatively extreme — so can they help us decide which of the predictions in this article are the most likely?
We can see the historic performance of Neo on this price chart from the cryptocurrency analysis platform, Nomics. (Note that this chart only follows the asset’s progress from 2017, when it rebranded from Antshares to Neo).
Neo started trading in 2017, a year that is often described as ‘the year of cryptocurrency’. Increased investor confidence — along with the growing adoption of crypto and the launch of hundreds (if not thousands) of new assets — meant that the market experienced an explosive boom between 2017 and 2018. Neo was perfectly timed to take advantage of this growth. As we can see from the chart, its first peak occurred in August 2017, when it rose to a value of $42.65 after spending six months below $10.
From here, Neo skyrocketed to hit its ATH of $198.38, which it achieved in January 2018. At this point, Neo’s popular Initial Coin Offering (ICO) and subsequent price surge meant that early investors were seeing a staggering Return on Investment (ROI) 378,453%!
Unfortunately, though, these heights didn’t last long. By May, the crypto had slipped below $50 again, almost one quarter of its dramatic ATH, and continued to slump throughout the rest of the year. At the start of 2019, Neo was worth less than $10 once more. Although it occasionally hit between $11 and $12, its performance could hardly be described as bullish — until now.
The good news is that its price is clearly on the up. After the devastation of the coronavirus crash back in March 2020, which saw the price of almost every major cryptocurrency fall, Neo has shown moderate progress in the latter half of the year, reaching $22.99 on September 14th. This might not sound impressive when compared to the rapidly soaring value of Bitcoin, but it is an indication that Neo’s sluggish trend has come to an end. Could this mean the optimistic predictions from WalletInvestor and DigitalCoinPrice could be correct? If you’re wondering ‘will Neo go up’, only time will tell.
Ready to invest in NEO?
What Factors Affect The Price Of Neo?
The cryptocurrency market is one of the most volatile in the world. Price trends can be notoriously difficult to predict — however, there are various factors that can influence whether or not a coin will gain in value.
Below, we’ve compiled some of the top reasons why the price of Neo may rise or fall. By understanding how different factors can affect its market performance, you can increase your chances of making valid cryptocurrency predictions.
Let’s take a look at the top factors that can affect the price of NEO.
Supply and Demand
The relationship between supply and demand is the most important factor that will determine the price of any cryptocurrency. This is a catch-all factor, as many different events and criteria (‘sub-factors’) can influence whether more investors want to buy or sell their assets. If the supply of a crypto is greater than the demand, it means the price will go down. If the demand is greater than the supply, it means the price will go up.
Governmental bodies aren’t always in favour of cryptocurrency. Just five years ago, crypto regulations were woefully inadequate — and as digital assets have become increasingly mainstream, it’s driven many authorities to develop more robust ways of regulating the industry. This has led many analysts to fear that impending regulatory crackdowns could threaten the cryptocurrency market in the future.
Not so with Neo. When the Chinese president Xi Jinping publicly spoke in favour of cryptocurrencies at the end of 2019, it sparked a renewed interest in the asset. Neo (or ‘the Chinese Ethereum’) has profited from this, with many traders believing the president has been responsible for driving up the price of the cryptocurrency.
The Popularity of Smart Contracts
Smart contracts are digital agreements that automatically encode the specific terms of a transaction, such as the amount of money you’re paying and the party you’re paying it to. Like Ethereum, Neo supports smart contracts, making it easier for users to carry out secure transactions.
As the popularity of decentralized payment systems continues to grow, smart contracts are playing an increasingly vital role in the cryptocurrency landscape. Platforms that facilitate smart contracts are likely to see increased traffic, with more investors keen to cash in on this technology. This means that the demand for platforms such as Neo (along with its price) could be set to rise.
Would you consider Buying NEO?
- With a market capitalization of $1,202,733,070, Neo (NEO) is currently the world’s 23rd largest cryptocurrency
- It’s often called ‘the Chinese Ethereum’ and is the country’s first open-source blockchain
- There are two native tokens for Neo: NEO and GAS
- WalletInvestor predicts that Neo will value between $19 and $50 in 2021
- DigitalCoinPrice also predicts a yearly 2021 high of around $50
- Trading Beasts is more bearish, expecting a negative growth rate in all but November and December 2021
- By contrast, Previsioni Bitcoin thinks that Neo could hit $155.1674 by January 2022
- DigitalCoinPrice expects Neo’s bearish trend to slump between June 2022 and July 2023, even slipping below $0
- By 2025, the ever-optimistic Coinswitch believes Neo could hit a price of $533
- Neo’s ATH was $19838, which it hit in January 2018
- The key factors that can affect its price as the relationship between supply and demand, governmental regulations, and the rise of smart contracts
If you’ve been looking for NEO price predictions for 2021-2025, we hope you’ve found this article helpful. Cryptocurrency investing is notoriously risky and it’s vital to have a robust risk management strategy in place if you’re considering adding NEO to your portfolio.
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Neo Price Predictions — FAQs
Is Neo a good investment?
According to the predictions we’ve included in this article, Neo could potentially be a good investment. Both WalletInvestor and DigitalCoinPrice are optimistic about Neo’s short-term prospects, but the latter has given an incredibly bearish prediction for 2023 and 2024. Looking at all of the predictions, the general consensus seems to be that the price of Neo will rise throughout 2021 and again in 2025, with a period of decline in between these two extremes.
What is Neo coin used for?
The Neo platform aims to offer smart contracts and decentralized payment systems, making it possible for people to carry out everyday transactions on the blockchain. Its NEO coin tokens are used to add new blocks to the chain and manage the network as a whole.
Is Neo better than Ethereum?