Price Analysis

NEO Price Analysis: NEO Is Gradually Surging In The Right Direction

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NEO Global Development abbreviated as NGD has recently officially announced the mandate of SimplePolicy Plugin. This entity is responsible for filtering and sorting the invalid transactions. The Network Fee Policy will decide the validity of the same.

This is a mandate for all the entities, including exchanges, developers, users, and explorers to update to this PlugIn, which is now compulsory.

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Price Analysis of NEO Coin on 18th June 2019:

The value of NEO is trading at $13.59 at 7:39 UTC time on 18th June 2019. The remaining essentials are as follows:

Return of Investment 47434.50%
Market Ranking 17
Circulating Supply 70,538,831 NEO
Total Supply 100,000,000 NEO
Market Cap 964,536,761 USD
24 Hour Volume 403,336,406 USD

NEO Coin Price Comparison:

NEO Price Chart - 18 June

Looking at the trend from the past 30 days, it seems that the coin is moving in the right direction as of now. 25 days back, on 23rd May Neo was trading as low as $10.78. The market has increased by over 26% since then. And while noting down about the same month, Neo was traded as high as $14.80 on 30th May. Comparing the same with the current price clearly demarcates the drop by 8.7%.

NEO Price Chart - 18 June
NEO to USD Price Chart

Even if we consider the trend since the beginning of 2019, 17th June was seen as the highest of the year until now with coin trading at $14.32 and the lowest until now was on 6th Feb with value trading at $6.94. From the lowest, the value has increased by 95.8% already, which is the sign of great momentum in the past 5 and a half months.

NEO Price Prediction and Conclusion:

As of now, NEO is exhibiting a much bullish trend which is attracting many users in the market. Speaking of the resistance level and support level, investors might consider bidding between $15.055 and $13.589, respectively.

If the market continues to grow at the same pace, the value may touch $20 by the end of 2019 if it continues to surge with the same momentum as a present.

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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