Price Analysis

Neo (NEO) Price Analysis: Will Neo’s Alliances To Promote Mass Adoption Result In New Milestones?

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  • Neo’s partnership with Zeux finally bears fruit
  • Neo proves its worth for being in the top 20 global cryptocurrencies list

Neo has been exploring new methods to outshine its competitors, and since the onset of 2019, the price of the coin is consistently moving upwards. The recent collaboration with Zeux to enable Neo acceptance on Apple Pay and Samsung Pay have finally resulted in the rising price of the NEO coin. The platform’s claim to be faster than Bitcoin and Ethereum has kept it in the top 20 list and with the increasing demand it may climb up the coin ladder further as the Market Capitalization difference with other coins including Cosmos and NEM is narrowing down faster. The market statistics show a futuristic trend.

Neo Price Statistics:

Neo Price Chart

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As on May 28, 2019, at 07:17:03 UTC, the price of the NEO coin is trading at $12 and 0.00138933 BTC. The market cap of the coin is now 790,480,823 USD, and the 24 h volume has reached $490,702,996. In the last 10 days, the price of the NEO coin rise as high as $13. The price moved between $9 and $13 in the last 3 months, and there has been an upward trend of over 12% since the beginning of May when the coin was trading at $10.69. The ROI stands at 6,578.61%, and the circulating supply is noted at 65,000,000 NEO.

NEO Price Prediction:

NEO reached an all-time high of over USD 196.85 in January 2018, and the price of the coin has fallen tremendously in the last 1.5 year. However, by the end of 2019, the trend is likely to revive back as per the ongoing speculations, and the value of Neo token may reach up to $50. Two years down the line, NEO may probably be priced at over $200.

Conclusion:

NEO may be a risky investment, but so is every other cryptocurrency in the market. But, there is not much to lose as the price of the coin is currently at a lower end, and it may prove to be a beneficial risk. The currency has not disappointed yet.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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