Price Analysis

Neo Price Analysis: Neo Price Seems To Have A Bullish Breakthrough

The concept of cryptocurrency was born with the vision of parallel economy that is secured for transactions and difficult to be. And it is generating curiosity like never before.

With a massive number of cryptocurrencies in the market right now, it’s hard and confusing to decide which one is the better investment option. In such case it is always safe to stay with the one that holds strong historical data and is popular amongst the investors.

NEO has both things to offer. It is one of the market leaders, driven by the mission of creating “smart economy” with integration of digital assets, digital identity and smart contract.

China is the largest cryptocurrency market. It plays a vital role in the performance of the currencies. NEO is created in China itself and remains in favor of Chinese government. This is the main reason it is very popular cryptocurrency in China. Also, unlike Bitcoin and Ethereum, NEO offers lot more by providing a platform that allows a development of decentralized application. And NEO does it better than Ethereum.

All this adds to the popularity of NEO, making it one of the top 20 cryptocurrencies to invest. It remains a favorite coin amongst the users, developers and investors.

NEO Price Statistics:

NEO Price Chart

As on May 31, 2019 08:29:01 UTC, NEO is trading at the price of 12.64 USD with Price (BTC) of 0.00154778. The ROI of 6,979.69% is really very attractive. Market cap for the currency is 835,147,844 USD. 24h Volume for the same is 842,448,273 USD. It’s a strong buy indication and with holding lot of promises NEO is not as risky as other coins subject to market volatility.

NEO Price Prediction:

Predictions for the future of cryptocurrencies is never easy. There are several elements that affect the rise and fall of the price.

When it comes to NEO, everyone has keen interest and close eyes on the coins performance. Based on the market trend, things seem to be volatile for the coin. Experts and analysts on the other hand believe in bright future of this currency. There are various elements that are working in favor with NEO. Innovative technology, buyers support, Initial coin offerings, smart economy, increasing popularity, to name a few.

With the constant efforts to outperform its competitors, NEO is exploring and expanding new methods and from the outset of the year 2019, it is moving upward.

Conclusion:

In the past, NEO has made its investors very happy with profitable returns. There are many crucial factors that play a vital role in the performance of cryptocurrency. NEO holds an abundance of them, along with the positive historical data.

Taking into account various factors such as technology, market strategy, team performance, popularity, etc there are multiple aspects about NEO that make it much more successful compared to its peers.

It is fairly reasonable to say that long term future looks good for this currency.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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