Neo Price Prediction 2023-2030: Will NEO Price Reach $50 Soon?
Neo is an open-source community-driven blockchain platform aimed at becoming a decentralized smart economy. Moreover, the Neo project also hopes to make various assets, “digital or physical”, easily accessible by programmers and users with minimum trust and permission.
One of the Features of the Neo project is to enable developers to digitize and automate the management of assets through smart contracts. Apart from a rich variety of Features, Neo also consists of “powerful native infrastructure.” Moreover, Neo claims that it is the first public blockchain platform to implement a dual token mechanism feature in its native token, NEO. However, few members of the crypto community still ponder the question about NEO’s price forecast over the years.
Read this price prediction article to know more about the Neo project and NEO’s price Analysis and forecast for the years 2023, 2024, 2025, 2026, up to 2050.
Table of contents
- Neo (NEO) Market Overview
- What is Neo (NEO)?
- NEO Current Market Status
- NEO Price Analysis 2023
- NEO Price Analysis – Bollinger Bands
- NEO Price Analysis – Relative Strength Index (RSI)
- NEO Price Analysis – Moving Averages
- NEO Price Analysis – Moving Average Convergence Divergence (MACD)
- NEO Price Prediction 2023 – 2030 Overview
- NEO Price Prediction 2023
- NEO Price Prediction 2023 – Resistance and Support Levels
- NEO Price Prediction 2024
- NEO Price Prediction 2025
- NEO Price Prediction 2026
- NEO Price Prediction 2027
- NEO Price Prediction 2028
- NEO Price Prediction 2029
- NEO Price Prediction 2030
- NEO Price Prediction 2040
- NEO Price Prediction 2050
- Conclusion
- FAQ
- More Crypto Price Predictions:
Neo (NEO) Market Overview
| 🪙 Name | NEO |
| Symbol | neo |
| Rank | #65 |
| Price | $10.43 |
| Price Change (1h) | 1.35791 % |
| Price Change (24h) | 8.32207 % |
| Price Change (7d) | 12.76351 % |
| Market Cap | $736390203 |
| All Time High | $198.38 |
| All Time Low | $0.078349 |
| Circulating Supply | 70530000 neo |
| Total Supply | 100000000 neo |
What is Neo (NEO)?
Neo is an open-source community-driven blockchain platform aimed at becoming a decentralized smart economy. Moreover, the project team claims that NEO is the most “feature-complete” blockchain platform for building decentralized applications. As part of its mission, the Neo project enables developers to digitize and automate the management of assets through smart contracts.
Moreover, Neo’s multi-language support would make it easy for developers to build on the platform. As mentioned earlier, Neo consists of a “powerful native infrastructure” such as decentralized storage, oracles, and domain name service, which would lay down a solid foundation for the next generation of the Internet.
Meanwhile, Neo’s native token, NEO, adopted a dual token mechanism, allowing the token to have two Features. NEO’s first feature provides the users with governance rights by allowing them to vote for the Neo Council members. The Neo Committee, which consists of selected members and consensus nodes, would maintain the network and adjust the critical blockchain parameters. NEO also allows users the right to claim GAS, which is used to pay for transaction fees.
Furthermore, Neo claims that the N3 is “the most significant upgrade” to its blockchain. N3’s protocol level allows users and applications to benefit from its enhanced architecture. Moreover, Neo highlights that N3 consists of a diverse set of essential components for the applications while providing a seamless UX/DX experience. Ultimately, N3 lowers the barriers to entry into the blockchain industry for traditional developers.
NEO Current Market Status
After its recent launch, NEO already ranked in the 61 position based on its market capitalization, according to CoinMarketCap. The current circulating supply of Neo’s native token is at 70,538,831 NEO, while its total supply is 100,000,000.
Moreover, NEO is priced at $10.25, experiencing a 9.53% spike in seven days. With a market cap of $722,775,542, NEO is also experiencing a 7.46% surge in 24 hours. It was observed that NEO continues to have a huge demand and continues to be in the traders’ spotlight as the trading volume, valued at $98,265,360, experienced a surge of 161.71% in one day, indicating that investors’ demand for this token is gradually rising.
Some of the crypto exchanges for trading NEO are currently Binance, KuCoin, Bybit, OKX, and Poloniex. However, traders should note that over time NEO could be available across many other top crypto exchanges.
Now, let’s dive further and discuss the price Analysis of Neo’s native token, NEO, for 2023.
NEO Price Analysis 2023
Will NEO’s most recent improvements, additions, and modifications help the price of cryptocurrencies rise? Moreover, would the changes in the blockchain industry affect NEO’s sentiment over time? Read more to find out about NEO’s 2023 price analysis.
NEO Price Analysis – Bollinger Bands
The Bollinger Bands is a technical Analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilizes the time period and the stand deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.
Earlier, a high volatility sentiment increased the probability of a trend reversal. After facing a bearish fall, the candlesticks gradually started to decrease and observed low volatility in the market for a few days. After some time, the candlesticks experienced a surge as it reached the top region of the Bollinger Bands.
However, it reached the overbought region and faced a retracement, thus, NEO fell. Finally, the candlestick, once again, reached the top region after its bearish fall. If the bands expand, there could be a trend reversal again. Meanwhile, if the gap between the upper band and the lower band is maintained, then, there is a high chance that NEO could continue residing in the uptrend.
NEO Price Analysis – Relative Strength Index (RSI)
The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is regarded as the overbought region, and traders expect the price could fall soon.
The RSI is valued at 54.30, which is considered a strong trend region by most traders. Moreover, the RSI climbed above the SMA, which is another confirmation that NEO could experience a bullish trend. RSI’s climb above the SMA, reached NEO into the strong region. There is a high chance that NEO could remain in the strong trend region for some time. However, if the RSI shows signs of a trend reversal, NEO could fall and trade in the oversold region. Ultimately, the RSI would experience an uptrend for a few days, before it falls or faces price correction.
NEO Price Analysis – Moving Averages
The Moving Average indicators reveal that the candlesticks are currently trading in between the 50MA and the 200MA, which is considered as the consolidation area. Earlier, a golden cross formed as the 50MA crossed above the 200MA. During the formation of the golden cross, the candlesticks were trading above the MA indicators, which is considered an uptrend. Currently, green candlesticks have formed, however, the distance between the 50MA and the 200MA is reducing, indicating that a death cross could be formed after some time. Ultimately, it would take some time before a death cross could be formed.
NEO Price Analysis – Moving Average Convergence Divergence (MACD)
The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will simplify the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. MACD plays an important role as it can confirm the trends and identify potential reversals.
Looking at the charts, the MACD line is currently above the SMA, which is considered as an uptrend by most traders. Moreover, the green bars on the MACD’s histogram are rising, which could indicate that the candlestick may continue upwards. The gap between the MACD line and the signal line could continue to grow over time, which would confirm NEO’s uptrend.
NEO Price Prediction 2023 – 2030 Overview
| Year | Minimum Price | Average Price | Maximum Price |
| 2023 | $6.03 | $11.89 | $25.67 |
| 2024 | $15.48 | $31.38 | $42.38 |
| 2025 | $20.80 | $49.20 | $55.31 |
| 2026 | $42.75 | $51.32 | $60.91 |
| 2027 | $52.41 | $66.28 | $73.82 |
| 2028 | $62.08 | $74.59 | $84.11 |
| 2029 | $78.36 | $83.14 | $94.15 |
| 2030 | $70.10 | $80.58 | $97.30. |
| 2040 | $107.49 | $115.83 | $124.27 |
| 2050 | $151.96 | $156.32 | $164.89 |
NEO Price Prediction 2023
NEO’s candlesticks are currently struggling to stay afloat above the 200MA, however, a recently formed green candlestick could create a potential uptrend. Moreover, the MACD line is above the signal line, which confirms that NEO could experience a bullish sentiment over time. If the candlesticks observe the MACD’s observation, then, the candlestick could start climbing above the 200MA, confirming the long-term bullish trend. Moreover, the ADX is valued at 28.13, which is considered a strong trend, further confirming NEO’s upcoming bullish trend
Meanwhile, the price prediction of NEO for 2023 remains to be bullish and is expected to reach beyond the level of $20.13. The bearish price prediction range for NEO is between $6.03 to $7.19. However, if NEO experiences extreme bullish sentiment, then it would reach the $25.67 level.
| Bullish Price Prediction | Bearish Price Prediction |
| $18.38 – $20.13 | $6.03 – $7.19 |
NEO Price Prediction 2023 – Resistance and Support Levels
Currently, NEO’s candlesticks are trading in between the Weak Resistance and the Support region. If the candlesticks cross the Weak Resistance, NEO’s objective would be to reach Resistance 1 at $50.91. If NEO reached the area between Resistance 5 and Resistance 6, the candlesticks’ new objective would be to form new All-Time Highs and new resistance levels. Meanwhile, it is expected that NEO would not fall below its Support region.
NEO Price Prediction 2024
Traders are looking forward to this year as it could be a historic moment for cryptocurrencies, as the Bitcoin halving is expected to happen in 2024. Most of the time, whenever BTC rises, traders have observed a similar surge in the altcoins. NEO could also be affected by Bitcoin halving and could trade beyond the price of $42.38 by the end of 2024.
NEO Price Prediction 2025
NEO could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, NEO will continue to rise in 2025 forming new resistance levels. It is expected that NEO would trade beyond the $55.31 level.
NEO Price Prediction 2026
It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, NEO could tumble into its support region of $49.75. Moreover, when NEO remains in the oversold region, there could be a price correction soon. NEO, by the end of 2026, could be trading beyond the $60.91 resistance level after experiencing the price correction.
NEO Price Prediction 2027
Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. NEO is expected to rise after its slumber in the bear season. Moreover, NEO could even break more resistance levels as it continues to recover from the bearish run. Therefore, NEO is expected to trade at $73.82 by the end of 2027.
NEO Price Prediction 2028
Once again, the crypto community is looking forward to this year as there will be a Bitcoin halving. Alike many altcoins, NEO will continue to form new higher highs and is expected to move in an upward trajectory. Hence, NEO would be trading at $84.11 after experiencing a massive surge by the end of 2028.
NEO Price Prediction 2029
2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market would gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, NEO could be trading at $94.15 by the end of 2029.
NEO Price Prediction 2030
After witnessing a bullish run in the market, NEO and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, NEO could be trading at $97.30.
NEO Price Prediction 2040
The long-term forecast for NEO indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. However, NEO may face a slight fall before starting its upward journey once again. It is expected that the price of NEO could reach $124.27 by 2040.
| Minimum Price | Average Price | Maximum Price |
| $107.49 | $115.83 | $124.27 |
NEO Price Prediction 2050
The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, NEO could surpass the resistance level of $164.89.
| Minimum Price | Average Price | Maximum Price |
| $151.96 | $156.32 | $164.89 |
Conclusion
To summarize, if investors continue to show interest in NEO and add these tokens to their portfolio, then, it could continue to rise up. NEO’s bullish price prediction shows that it could pass beyond the $20.13 level. Moreover, NEO could surpass the $164.89 level by the end of 2050.
FAQ
Neo is an open-source community-driven blockchain platform aimed at becoming a decentralized smart economy. Moreover, the project team claims that NEO is the most “feature-complete” blockchain platform for building decentralized applications.
Neo’s platform has various benefits and utilities, which enhance the price of its native token. Moreover, Neo could continue to become one of the tokens under the watch list as they aim to provide a solid foundation for the new generation of the Internet.
The maximum supply of NEO is 100,000,000.
Antshares was rebranded to Neo in 2017.
NEO can be stored in a cold wallet, hot wallet, or exchange wallet.
Da Hongfei and Erik Zhang are the co-founders of Neo.
NEO is expected to reach $20.13 in 2023.
NEO is expected to reach $42.38 in 2024.
NEO is expected to reach $55.31 in 2025.
NEO is expected to reach $60.91 in 2026.
NEO is expected to reach $73.82 in 2027.
NEO is expected to reach $84.11 in 2028.
NEO is expected to reach $94.15 in 2029.
NEO is expected to reach $97.30 in 2030.
NEO is expected to reach $124.27 in 2040.
NEO is expected to reach $164.89 in 2050.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
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