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Price Analysis

Neo Price Analysis: Neo Prices Surging Right; Worth The Position It Holds In The Market

O3 Labs (@O3_Labs) has reported the combination of Coinbase Connect into v2.4.0 of its work area wallet. Clients will almost certainly buy upheld digital currencies, for example, $USDC from their financial balances and swap them for $NEO and $GAS.

With such updates, whether it will affect the price of NEO or not, is something we must analyze. Let’s discuss price statistics of NEO as of today, 12th June 2019.

Price Analysis of NEO on 12th June 2019:

At 5:28 UTC time, the value of NEO is trading at $12.23. However, the fluctuation is quietly visible but favoring the upward movement. The remaining essentials are as follows:

Neo Price Chart - 12 June

Return of Investment6706.84%
Market Ranking18
Circulating Supply70,538,831 NEO
Total Supply100,000,000 NEO
Market Cap871,384,562 USD
24 Hour Volume471,265,550 USD

Neo Price Comparison:

Traders, I am sure, are noticing the movement since yesterday. The lowest of yesterday was the value trading at $11.74. And today, the highest till now was realized at $12.45. NEO is known for its private network, and that’s what the trust of people rely on, which has been proven right all this while since the beginning of 2019.

Neo Price Prediction and Conclusion:

Value reaching at $50, well, it doesn’t seem like. Half of the year has almost passed by, and maybe we can say that it might trade at $20 by the end of 2019, meanwhile facing resistance around $14.5. But it is too soon to say this right away. Let’s analyze the trend till then. The upside trend might go up to $14.755 in 14 days, and downside might trade to $11.873. The resistance and the support level can be calculated between $13.31 and $11.098.

NEO is in the bullish market right now, and thus attracting many investors.

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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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