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Price Analysis

NEO Price Analysis: NEO Records A Sudden Price Fall From $17 To $15 Within A Day

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  • NEO’s ROI falls from >9000% to 8,261.79% within a day
  • NEO records a slump over 11% in a day

After a few days of steady trends, NEO has fallen below the expectations of traders registering losses to those who decided to trade NEO yesterday. The coin kept moving around $17 for the most of the day but started today on a low note and now moving in downward direction continuously.  The current market performance depicts the highly fluctuating nature of the crypto market with unexpected results at times.

NEO to USD Price Comparison:

As on July 11, 2019, at 05:40:46 UTC, NEO coin is trading at $15.1687 and has recorded a downtrend of over 11% in the last one-day dipping from $17.2297 to its current value. The day started with NEO trading at $16.09, and there has been a dip of 5% since then.

NEO Price Prediction
NEO Price Chart by TradingView

Current Statistics of NEO:

  • NEO price is noted to be $15.16 and 0.00132039 BTC
  • The Market Cap of the coin is $1,072,590,470
  • The 24-hour volume of NEO has reached $567,592,950
  • The ROI of the coin has fallen to 8,261.79%
  • The circulating supply of the coin is 70,538,831 NEO

NEO’s ROI has also been hit hard with a sudden fall in the price, and now it has dropped from >9000% to 8,261%. The coin started dropping from yesterday afternoon onwards and reached as low as $15.49. It moved up a little to start trading today at $16.09 but again came crumbling down to $15.16.

NEO Price Prediction:

NEO may recover back soon and close the day on a better note than yesterday’s low value at $15.58. However, the coin will take longer to reach $20 now and may close this week trading around $17 mark. The month will record some surge from the initial value of the token at $16.62 at the beginning of July and NEO may reach as high as $18 by the end of this month. By the end of 2019, NEO may trade between $25 and $30.

Conclusion:

This is a good time to buy NEO token in bulk for the prices may have hit a slow curve but bounce back soon.

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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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