Price Analysis

Neo Price Analysis: Neo Seems To Have Decided A Direction Inclining Towards Positive Price Moves!

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NEO seems to attract gamers in the market. Well, not a bad strategy at all. There are gamers around the world who spend most of their days on the integrated platform, and that’s where NEO is hitting as of now. After Blockchain Cuties, BLOCKLORDS has recently launched its open beta platform on Testnet of NEO. BLOCKLORDS is a blockchain based medieval strategy game with lot many users on the platform.

As a matter of fact, BLOCKLORDS received the Blockchain award in the Game Development Competition in 2018.

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Well, such updates might increase supplies of NEO coin, but it hardly swifts the price in the chart. But hey! You never know what can hit the same sooner or later. Let’s see what today’s price analysis has to say.

NEO Coin Price Analysis on 11th June 2019:

At 7:08 UTC, the value of NEO coin is trading at $12.11 as on 11th June 2019, which is better than the lowest of yesterday, which was $11.88. The value is still trading above the baseline in the bullish zone.

The remaining essentials are as follows:

Return of Investment 6580%
Market Ranking 18
Circulating Supply 70,538,831 NEO
Total Supply 100,000,000 NEO
Market Cap $855,185,782 USD (slight dip since yesterday)
24 Hour Volume $474,867,370 USD (slight dip since yesterday)

Neo Price Comparison:

Neo Price Chart - 11 June

Considering the data from the past 5 days, the lowest NEO price was seen on 6th June trading at $11.09. The highest, on the other hand, was trading at $12.56 on 7th June. The value now is dropped by 3.5% and increased by 9% from the highest and the lowest respectively. It seems like a good surge then! The value is above the baseline, which means traders can trade safely within the resistance and support level.

Neo Price Chart - 11 June

In fact, since the beginning of 2019, the value has increased by 50%, which is a sign of good progress already.

Neo Price Prediction and Conclusion:

However, nothing huge of a surge has been noticed lately, but the constant fluctuation seems to speak in favor of NEO. It seems the price is surging in the right direction. NEO, as a network, has gained the hearts of users for complete transparency. For now, it is working in favor of the investors; hope it will continue the same in future as well!

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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