NEO has entered into a tie-up with Techfund, which may lead to its mass adoption. The bear trend of the crypto market affected NEO like other coins, and it had been trading in the lower range since the last month. However, the past few days has seen NEO in a better position with the price moving upwards at intermittent phases. The one-day NEO price chart depicts the price variations for NEO coin in the range of $9.69 – $10.02.
Current Statistics of NEO
As on August 21, 2019, at 4:45:30 UTC, current statistics are as follows:
- NEO price is trading at $9.4396
- Current market cap is around $670,203,119
- 24-hour volume is at $248,223,415
- ROI is at a whopping 5,135.31%
- Circulating supply is at 70,538,831 NEO
NEO to USD Price Comparison
The NEO price chart has shown a lot of variations mostly in the upward range showing that NEO price is trying to get back into the upper zone. From a high of $10.0235, the NEO price fell to $9.6910 in a matter of four hours to the extent of 3.22%. Within two hours, the price rallied to $9.8620 to the tune of 1.80%. In three hours, the NEO price again fell to $9.6948 to the tune of 1.64%. It picked up to the tune of 2.50%. In the next three hours, the price again had a fall at $9.75062 to the extent of 1.80%. There was a respite in two hours when the price went upwards at $9.96011 to the extent of 2.15%. Today the NEO price has reduced to $9.4396, the reduction being to the extent of 5.22%.
NEO Price Prediction and Conclusion:
Recent developments and technological innovations will lead to an increased customer base and more investors. The bearish trend is expected to be a short-term trend with the bulls trying hard to bounce back. As per the past data and analysis, by the year-end, NEO should be on the bullish track.
The time is right for investors to get into the buying mound and hold investments from a long-term perspective.
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.