Price Analysis

NEO Price Analysis: Neo Gets Strong Backing To Increase Mass Adoption Of The Token

eToro
  • Neo has been added by crypto.com for easy conversions, accessibility & usage
  • Neo continues to gain market acceptance with increasing prices

Neo has been a high performing asset since the onset of 2019 and has doubled its value in just 5 months. The growing demand for this futuristic currency is a result of the interest shown by key market players. The recent addition of NEO token on the crypto.com platform is going to further increase the usability of the token from anywhere in the world. The market data looks progressive and it is only a matter of time when the coin crosses the $15 mark to set newer goals in the next few months.

NEO Coin Price Statistics:

As on June 6, 2019, at 09:05:51 UTC, the price trend of NEO coin was noted as shown in the below graph. In the last 5 days, the price of the coin has peaked up to $14.92 and has dropped to almost $11.94.

NEO price chart - june 1

Particulars Statistics
Price  (USD) 14.21
Price (BTC) 0.00164509
Market Capitalization 911,734,370
24h volume 701,924,552
Circulating Supply 65,000,000 NEO
Return on Investment 7,654.90%

The coin value has shown an upward trend of almost 48% in the last 30 days starting May at a price of over $9.57. The market cap is now over $91 Mn and the price is trading above $14. However, NEO is not yet able to cross the $15 mark. However, it has come a long way from trading at over $7 at the beginning of 2019 to now just double the amount. The ROI is completely justified at 7,654.90% and is going to further increase in the next 30 days.

NEO Price Prediction:

NEO has immense support of the mainstream players. By the end of 2019, the price of the coin can cross $ 50 mark and in the next 2 years, it should be trading somewhere between $200 and $500.

Conclusion:

NEO token is a lucrative investment for those planning for long term returns. Those who already are the holders of the currency should continue to keep it as the price is going to shoot up in the coming months.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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