It was announced by NEO community on their official page that they will be adjusting few factors on the Network Fee Mechanism. They also added that the big fat adjustment will be noticed in the oversized fee for the transactions more than 1024 bytes will be charged to the users. The same has been confirmed by the developers on the official site.
How are users going to react on the same? Will the supply decrease because of the transactional fees? Well, only time will tell if the users will be upset because of these extra charges or not.
Let’s understand the price statistics till today.
Neo Price Statistics
At 10:15 UTC time, the price of Neo coin can be seen to be trading at $12.23. The Return on Investment is calculated at 6638% ranking the coin at number 19. The market cap value of Neo is $862,575,455 USD followed by 24 Hour volume at $625,964,986 USD.
Is It seems like the price is dropping already? Is it going to hit below the baseline? And if it does, NEO might be losing on the ranking and interest of the traders as well. On short term investment plans, investors are keen to buy the coins right now, but only if the trend seems to go up soon. Will it. Or will it not?
Speaking of the long term commitment of NEO, the graph only shows the drop in the price. The value might hit the lowest of the value soon enough. NEO seems to lose its game now. Will investors lose Neo from their portfolio for good? How is the NEO community going to uplift the value?
NEO Price Prediction
With the rumors NEO coin will hit $20 by the end of 2019, it seems like a shattered dream now. People are just hoping that it can surge to the equilibrium as of now. If the trend continues to drop down, the ranking and popularity of NEO price will be affected to the level that Investors might not choose to trade for NEO at all! We hope NEO coin does not face such a day, but who knows?