NEO Predictions: A Worthwhile Investment?
Although NEO is still among the top-100 cryptocurrencies, it’s losing its position. In October 2021, it was ranked as 53rd in market capitalization by Coinmarketcap; the coin is now ranked 62nd as of the beginning of March 2022. The NEO network was launched in 2014 but failed to become one of the world’s leading blockchain platforms.
Everyone naturally wants to know what the NEO price will be in the future. There are many NEO price predictions on the Internet, but which one should you take seriously? It is best to make your own judgment about the potential of NEO. You do not have to follow all predictions indiscriminately. As cryptocurrencies experts claim, it’s quite possible that the price will break through the critical resistance area at $60 again in 2022.
In this article, we’ll take a closer look at the short- and long-term NEO price predictions and, in particular, the predictions for the future. But we’ll also discuss the current NEO coin rate and the historical data of the coin.
In 2020, NEO was below $10 at the beginning of the year and touched the lowest point of the year of $4 on March 13 (at Bitfinex exchange). Yet, the NEO value managed to jump to $25.90 by September 18. At the end of the year, the NEO/USD pair settled near $14.
It's well-known that small cryptos copy movements of BTC/USD. Thus, most of the ups and downs of the NEO/USD pair just repeated Bitcoin's trends. For instance, the coronavirus hit financial markets in March 2020 the most, resulting in downtrends in the crypto world, pushing Bitcoin and NEO down.
Still, some events caused divergence in the direction of prices. At the end of July, NEO partnered with the Blockchain-based Services Network. BSN is a global infrastructure that offers a cheap platform for blockchain projects and similar companies, creating a digital economy. This event pushed the NEO rate up. You can see how NEO coin news can affect the price of the cryptocurrency
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