NEO has been instrumental in inking strategic partnerships with major gaming communities to boost the performance of the coin in this circle. The firm has successfully established strong brand value for the NEO, and it may start showing results on the performance of the coin in the near future. The current market statistics may turn positive very soon.
Current Statistics of NEO:
In the last one day, NEO price has recorded an upsurge of over 3% rising from $9.6123 to its current value at $9.9800 as of August 16, 2019, at 01:41:04 UTC. The coin started trading at $9.6123 yesterday but then dipped as low as $8.9613. NEO started rising immediately and reached as high as $9.9787 around noon and has been trading around the same value since then without any major changes.
NEO’s highest recorded value yesterday was $10, and it may cross this value today also by the noon. The coin may start gaining good momentum towards the end of the day and may start trading above $10 soon.
NEO Price Prediction & Conclusion:
NEO may cross $10 target by the end of the week. The coin may trade around its 30-day high value of $13.78 by the end of this month and may pick up pace in the next few months.
NEO has been profitable crypto since the beginning of the year, and any small or large investment in the coin may yield good results in a long-term.
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.