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 predictions? 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.
At the time of writing, Neo (NEO) has a price of $48.63 and a market capitalization of $3.41B. This is a stark increase from its value in mid-December 2020. When we shared an article about the top Neo price predictions last year, the altcoin was worth $17.03 and had a market cap of $1.20B. For current investors, this increase has been welcome news — but as the asset has slipped from being the world’s 23rd largest cryptocurrency to its 29th largest, is this growth enough to keep it competitive?
Neo (NEO) 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.
If you’re wondering ‘is NEO a good investment?’, you’re in the right place. In this article, we’ll be exploring some of the updated predictions for the price of Neo in 2021-2025. Could the so-called Chinese Ethereum be on track to meet its all-time high (ATH) of $198.38? Or will Neo continue to fall behind the world’s biggest cryptos?
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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.
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 Neo price predictions for 2021 and beyond.
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?’
In our previous Neo price prediction article, the outlook was relatively bullish. Both WalletInvestor and Digital Coin Price were optimistic about the future of China’s first open-source blockchain, with WalletInvestor, in particular, expecting to see Neo’s most successful year since 2018. So, how have their predictions changed as a result of Neo’s recent growth?
Let’s start by returning to WalletInvestor. According to its updated forecasts, the investment analysis platform now expects the following to happen to the price of Neo:
When comparing this graph to WalletInvestor’s previous prediction, it’s easy to feel a little discouraged. To start with, the platform has lowered its forecast for the price of Neo at the start of 2021 — back in December, it expected to see Neo hit $50 in the first few months of the year. It’s since lowered this expectation, with only its maximum predictions taking the asset over the $50 mark.
That said, it’s significantly raised its target predictions for the end of 2021. While it used to believe that Neo would decline in value throughout the year, it’s now given a more symmetrical forecast. Although the majority of the year will see a bearish trend — with the price of Neo even dipping to a potential yearly low of $0.000001 according to its minimum predictions! — its maximum predictions are far more reassuring. At the top of the scale, we could see prices of over $60. This is a huge range, making it difficult to know what to expect. But as Neo’s price is currently still climbing, investors can continue to hope for a bright future.
So, has Digital Coin Price also changed its forecasts? The good news is that this platform is slightly more optimistic than WalletInvestor. We can see its predictions in the graph below:
The first thing that stands out about this prediction is the level of volatility, taking the form of four peaks and troughs that are evenly spaced throughout the year. The second thing that stands out is that Digital Coin Price believes Neo will close the year during a bearish run, making its December 2021 price its lowest of the year. The silver lining to this observation is the fact that even its lowest price is likely to be significantly higher than its current value — in fact, the platform believes Neo won’t fall below $60 at any point during 2021.
At the peak of its largest bull run, which Digital Coin Price predicts will occur in October, the asset could even hit $78.43. This is more than $30 higher than its current price of $48.63, strongly suggesting that Neo’s growth is far from over.
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 2021. However, the two platforms are in agreement when it comes to the value of its NEO. Both believe that Neo will reach approximately $80 in 2021, which is a significant improvement on its current price. 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 Long Forecast. Much like Digital Coin Price, this investment platform believes that Neo will experience a high level of volatility over the next year.
As we can see from the figures in the table above, Long Forecast expects the price of Neo to hover between $45 and $60 at the close of each month. This may not seem hugely volatile, but with the price of Neo changing by around $10 over the course of each month too, it’s clear there’s no overwhelmingly bullish or bearish trend to be seen.
Long Forecast has also given a huge potential yearly spread, with a low of $22.08 and a high of $96.62. Although these seem to be one-off fluctuations, they contribute to some very erratic monthly percentages!
What Will Be The Price of Neo in 2021?
Will Neo go up in 2021?
Overall, it seems likely that the price of Neo will go up in 2021 — though we may not see a consistent bull trend throughout the year.
This seems to be the conclusion of both Digital Coin Price and Long Forecast. WalletInvestor has given a shakier prediction, and its lowest quoted figures are incredibly bearish indeed. However, it still expects to see a late surge in price towards the end of the year.
Coinliker predict the price of NEO will reach $127.63 by the very end of this year. According to Previsioni Bitcoin, NEO will hit $103.6 by December 2021. Also, Trading Beasts told its visitors that it sees the potential for the price of NEO to rise as high as $146 in 2021.
We can sum up these disparate 2021 NEO predictions by saying that the potential price increase is currently thought to be much more dramatic than the potential price decrease, but this doesn’t mean that the decrease is less likely to happen.
Would you consider investing in NEO?
Are you wondering ‘will the price of Neo go up in the long run’? NEO predictions for 2021 are incredibly varied. If you favour a long-term investing strategy, let’s take a look at the Bitcoin price predictions for 2022-2025.
Long-Term Neo Price Predictions: 2022-2025
What are crypto experts forecasting for NEO in 2022 and beyond?
Now that we’ve seen what some of the top crypto platforms expect to see NEO in 2021, let’s look ahead to 2022-2025. Can the long-term predictions help to shed light on which of the short-term forecasts could be the most likely?
Our first long-term NEO prediction comes from Trading Beasts. For 2022, the platform has predicted that the price of Neo will hit the following targets:
|Month||Minimum Price||Maximum Price|
Unfortunately, Trading Beast’s predictions are nothing to get excited about. With even its maximum predictions just slightly higher than Neo’s current price of $48.63, it’s clear that this platform doesn’t expect the asset’s bull run to continue at the same rate. According to its minimum and average predictions, it will even lose value, falling to a potential low of $32.091 in January 2022. Even worse, Trading Beasts has quoted a negative average change percentage for every month of the year.
You might be reassured to know that its predictions for 2023 and 2024 are rather less bearish, though still don’t suggest that Neo is in for a particularly bright future. It’s quoted the following highs, lows, and averages for the next couple of years:
- 2023: minimum = $36.897, average = $46.855, maximum = $62.456
- 2024: minimum = $43.018, average = $55.100, maximum = $72.109
These figures seem a little underwhelming, particularly when compared to some of the sky-high predictions for other cryptocurrencies over the next five years. For a brighter prediction, let’s turn to Digital Coin Price — whose relatively optimistic forecast for 2021 is only just the beginning!
As we can see from the graph, Digital Coin Price expects to see slow yet steady progress in the run-up to 2030. If you’re wondering what will Neo be worth in 2030’, these stats should give you a good idea. The platform has predicted the following long-term NEO price targets for the next few years:
- 2022: $85.09
- 2023: $105.74
- 2024: $120.99
- 2025: $140.15
- 2026: $174.24
- 2027: $184.52
- 2028: $215.52
If these predictions are correct, it means that Neo will reach a new ATH of $215.52, exactly 10 years after its previous ATH of $198.38 (which it hit in 2018).
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? Previsioni Bitcoin believes 2022 will be one of Neo’s best years to date, with a yearly high of $155.1674 occurring in January 2022
Our last long-term Neo price prediction comes from Coinswitch. If you’re wondering ‘will the price of Neo go up in the long term?’, Coinswitch’s prediction is very encouraging. By 2025, the platform predicts that Neo could be worth a staggering $533.
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.
What Will Be The Price of Neo in 2025?
Will Neo go up in 2025?
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. Digital Coin Price, on the other hand, expects the digital asset to be worth $140.15 by 2025.
According to Cryptoground, NEO could reach $250 by December 2025. Also, Coinliker told its visitors that it sees the potential for the price of Neo to rise as high as $245 by the end of 2025.
As a long-term investment, it projects that NEO could perform very well. According to its predictions, the value of the NEO coin 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, 2024, and 2025 offered by technical analysts and industry experts.
How Much Will NEO be Worth in Five Years?
According to the Neo price prediction offered by experts, Neo is set to rise to $130 by the end of 2021, $150 in 2022, to soar all the way to $235 by December 2025.
Based on NEO projections from CoinLiker, the coin's price is expected to rise significantly in the coming years, trading at $110 in 2021, $172 in 2023 and $245 in December 2025. Longforecast predicts one NEO could be worth $269 by the end of 2025.
So, Is Neo a good investment?
According to expert predictions, Neo could potentially be a good investment. Both WalletInvestor and DigitalCoinPrice are optimistic about Neo’s short-term prospects. 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.
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, Coinlib.io. (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 showed moderate progress in the latter half of the year, reaching $22.99 on September 14th. And when the cryptocurrency market underwent a massive bull run at the end of December 2020, Neo wasn’t left behind for long. Between the 3rd and 11th of January, the asset rose in value from $14.28 to $25.28 — and its price hasn’t stopped growing since.
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?
- 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
- At the time of writing, Neo is worth $42.63 and has a market cap of $3,006,826,289.
- Despite its recent growth, Neo has fallen from being the world’s 23rd largest asset to its 29th largest.
- WalletInvestor has given an incredibly broad prediction, expecting the price of Neo to reach anything between $0.000001 and $60.
- Digital Coin Price doesn’t expect the price of Neo to fall below $60 at any point during 2021.
- Long Forecast has given a huge potential yearly spread, with a low of $22.08 and a high of $96.62. However, it expects Neo to hover between $45 and $60.
- By 2024, Trading Beasts believes we’ll see a minimum price of $43.018, an average price of $55.100, and a maximum price of $72.109.
- Digital Coin Price is more optimistic, believing we could see a new ATH by 2028.
- 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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We hope that you’ve enjoyed this article about the top Neo price predictions for 2021-2025. Whether you’re an existing investor who’s hoping for a positive answer to the question ‘is Neo a good investment?’, or somebody who’s considering adding the asset to their portfolio for the first time, always make sure to carry out your own due diligence before accepting any of the forecasts mentioned here.
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?