NEO Price Analysis: NEO Trading At The Highest Of The Month
NEO recently partnered with Liquefy, which is a firm specializing in asset digitalization. Liquefy will be aiming at developing the Token Ecosystem, which will be based on NEO security. This is a Hong-Kong based company that is positive about their partnership and investment with NEO global development.
Liquefy (@LiquefyTech), a Hong Kong-based firm specializing in digitization of assets and digital securities has announced a partnership and an investment from $NEO Global Development with an aim of developing a “NEO based security token ecosystem." https://t.co/XJ8JMLvhU8
— Neo News (@NEOnewstoday) June 14, 2019
The news was announced 2 days back; let’s see if it has made any noticeable difference in the price analysis as of now.
Statistics From NEO Price Chart:
On the basis of the NEO price forecast chart mentioned above, it can be seen that the price is trading at $14.54 at 4:28 UTC time on 17th June 2019. The value is surging upwards since midnight, which means that currently, the market is showing a bullish trend for NEO.
The Return on Investment for NEO is 7930.44% ranking the coin at number 17 in the market. The Market cap value of NEO is 1,028,024,761 USD with 24-hour volume following at 586,246,266 USD. From the Total Supply of 100,000,000 NEO, the Circulating Supply of NEO is 70,538,831 NEO.
NEO to USD Price Comparison:
Considering the data from the past 5 days, we can analyze that right now the value is surging in the upward direction. Today, the value reached the highest of the month until now just after midnight, with value trading at $14.72. The lowest, however, was seen on 12th June in the said time frame with value trading at $12.16. The value now has increased by 19.57% already.
With the trending market right now, the value is attracting many users in the dive. The price is towards the Bull Run with half of the month being passed by.
NEO Price Prediction and Conclusion:
Users might want to consider resistance level and support between $14.756 and $12.925 respectively. The market is in a good shape since the beginning of the day, and it seems to surge in the same direction. If the market continues to grow with the same pace, the value may touch $20 by the end of 2019 if it continues to surge with the same momentum as present.