NEO: Slow but steady growth: What will be the touch down of 2019 for NEO?

NEO has released its Monthly Report for May on twitter already. However, the major progress is realized in this ecosystem, declaring the developers and community of decentralized development defining the major role of success behind the same. But the followers are still talking about the major hiring done by its community.

The Seattle office of NGD has hired Harry Pierson, the project manager who has following 20 years of journey in Microsoft. Harry was noticed by the followers speaking about xlang at NEO DevCon conference of 2019. Such a catch n technical lead will be reflected on the charts or not, is a concern we all are waiting to see! Let us have a quick glance at the NEO coin price prediction charts below.

NEO Price Analysis on 3rd June 2019:

NEO price chart - 03 June

  • At 9:50 UTC time, the coin price is traded at $13.26 on 3rd June 2019.
  • The Return On Investment is 7228.2% ranking the coin at position 19 in the market
  • The market cap is valued at $864,468,506 USD
  • The 24 Hour Volume is valued at $546,182,081 USD
  • Out of total supply of 100,000,000 NEO, the circulating supply of the same is 65,000,000

NEO Coin Price Comparison:

NEO price chart - 03 June

NEO is a head-scratching coin for some of the traders who are following the trend of the same from more than a year. Last year, the value was trade at 55.67 on 3rd June 2018. The market was dropped to -76% within a year. Some traders withdrew their portfolio, suffering some losses, and few of them are still sticking their eyes on the chart.

NEO price chart - 03 June

However, short term investment might not burn your fingers and capital if you are planning to welcome this coin in your portfolio. Comparing the data of the last month, the lowest value was realized on 10th May at $8.39. The market is increased by +58% from then. The highest was realized on 30th May at $14.80 with a drop of -10% from then. So considering such statistics, short term investment might be an ideal lookout to make some profits in the NEO network.

NEO Price Prediction and Conclusion:

If you wish to play safe, follow the resistance and support level at all times. The NEO community is hoping to raise their bars like last year. However, a touch down of $50 might not be possible this year, but one can it on $25 may be, by the beginning of 2020.

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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