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Price Analysis

NEO Price Analysis: NEO partners with Ontology for cross chain interoperability; May Lead to Price Surge Soon

  • NEO strengthens its focus on cross chain interoperability by partnering with Ontology
  • NEO records 17% surge within a day rising from $10.60 to $12.42

NEO has yet again given a strong reason to rejoice and invest in this progressive crypto extravagantly. The firm announced partnership with China’s Ontology network to promote cross chain interoperability and takes a strong step towards building next-gen internet based economy. The news has shaken everybody in the crypto world positively and brought back the missing energies and enthusiasm since last few days. This strategic alliance has already started impacting the prices of the currency which has recorded 17% surge since yesterday and continuing on the upward path as reflected in the current market performance.

NEO Price Statistics:

NEO price chart July 19
NEO chart by TradingView

As on July 19, 2019 at 04:52:06 UTC, the price of NEO token is noted to be $12.42 and it has shown a growth of over 17% since yesterday’s opening price of $10.60. The coin was found to be moving sideways till about noon yesterday but then showed a steep surge to rise from $10.79 to $13.48 and has been moving around the same value since then.

  • The current trading price of NEO token is noted to be $12.42 and 0.00118010 BTC
  • The market cap of the coin has reached $880,358,696
  • The 24h volume is now $611,925,224
  • The ROI of the coin stands at 6,824.23%
  • The circulating supply has been 70,538,831 NEO

Today, NEO started trading at $12.98 and has reported a slight dip since then but this seems to be the calm before the storm as the coin value may surge any time now to cross its yesterday’s high at $13.38. NEO may close the day trading at $14 or above.

NEO Price Prediction:

This has been a slow week for most of the cryptocurrencies but as the weekend has approached, the surge wave has hit the currencies hard and one of them is NEO. With the new collaborations, NEO may get that missing momentum to rise back again and cross $20 mark by the end of this month. It may also head speedily towards trading around $25 to $30 by the end of the year.

Conclusion:

This is the perfect time to invest in NEO token and save for the future gains from the crypto.

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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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