Price Analysis

NEO Price Analysis: NEO Records 17% Dip As The Market Hits The Downward Path

  • NEO drops from $12 to $10 within a day recording 17% dip
  • NEO may rise again after the market regains strength

NEO has been one of the most reliable and profitable cryptos in the current market and has been heavily talked about for its future benefits. The current market performance of the coin is the result of the changing market dynamics and it may revive back soon to trade above $15 and then hit the $20 mark by the end of the next month.

Current Price Statistics of NEO:

As on July 17, 2019, at 04:34:51 UTC, the price of NEO token is noted to be $10.16 and it had recorded a downtrend of over 17% since yesterday when the coin was trading at $12.35. NEO opened the day today at $10.28 and has fallen further down since then.

NEO Price Prediction
NEO Price Chart by TradingView
  • The price of NEO token is observed to be $10.16 and 0.00107736 BTC
  • The market cap is now $716,847,122
  • The 24 h volume has reached $453,679,090
  • The ROI is noted to be 5,465.36%
  • The circulating supply of the coin is 70,538,831 NEO

In the last 30 days, NEO’s highest price was noted to be $20.83 and lowest was $9.96. Yesterday, the lowest value of the coin was recorded at $10.16. The coin may recover now and not trade below $9.96.

NEO Price Prediction:

NEO may have been moving slowly in the trading market, but the coin has achieved immense progress in terms of community support and market presence. It has been successful in establishing itself as the future of the payment methods and it has resonated well with the investors. NEO may rise as high as $20 by the end of the next month and may start trading between $50 and $100 by the end of the year. It may take another 6 months of the next year for the token to cross its all-time-high value of $196.

Conclusion:

This is the best time to invest in NEO token and secure huge dividends for the future as the coin’s sustainability is assured.

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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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