NEO has recently partnered with Monarch Wallet. So, users using Monarch wallet can now access NEO currency on the wallet and experience better returns and privacy with NEO.
NEO is now accepted on Monarch Wallet! Check out the details here: https://t.co/etMGSJ5dsP
— NEO Smart Economy (@NEO_Blockchain) August 10, 2019
Current Statistics of NEO
NEO price is seen trading at $10.78 at 07:49 UTC on 11th August 2019. The other essential factors are as follows:
- Return on Investment: 5827.22%
- Total supply/Circulating Supply: 100,000,000 NEO/ 70,538,831 NEO
- 24 Hour Volume: 297,209,618 USD
- Market Cap: 758,779,493 USD
- 7 Day high/low: 12.66 USD / 10.24 USD
NEO to USD Price Comparison
NEO price was initially seen trading at $10.42 yesterday at 00:00 UTC. The value of NEO coin was then increased by 8.5% at 07:28 UTC yesterday trading at $11.30. The value then dropped by 8.32% at 11:30 UTC with the trading value of $10.37. The value from then is now increased by 4.6% today at 04:21 UTC trading at $10.85.
NEO Price Prediction and Conclusion
NEO, as of now, is seen trading in the downtrend. So, it might be an ideal time for the new investors to buy NEO currency and hold on to the position for better returns in the future. However, the trend might be a little confusing, but the resistance and support levels will help the users to avoid losses as of now:
By the end of 2019, the NEO price trend seems to surge towards the value of $15, which might bring good returns for the users.
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.