Sunday, December 4, 2022
 

Neo (NEO) Price Prediction: Will NEO Price Reach $50 in 2022?

  • Bullish NEO price prediction ranges from $11 to $49.65.
  • NEO price might also reach $50 this 2022.
  • NEO’s bearish market price prediction for 2022 is $8.17.

Neo is an open-sourced blockchain project that was started in June 2017. Its native token is denoted as NEO.

Neo investors are bullish on the token since it has a return on investment (ROI) of over 131 times in the past six years. The crypto bubble of December 2017 and early January led to the surge in the price of NEO to its present all-time high (ATH) of $196.85, attained in January 2018. It has been unable to break this psychological resistance since then. Irrespective of the recent crypto winter, NEO investors are confident that the future of NEO is bullish.

If you are interested in the future of Neo (NEO) and want to know the price analysis and prediction of NEO for 2022, 2023, 2024, 2025, 2026, and up to 2030, keep reading this Coin Edition article.

What is Neo (NEO)?

Neo is an open-sourced blockchain platform initially released in 2014 as Antishare. It was rebranded to Neo in June 2017. It was Da Hongfei and Erik Zhang who founded it. Blockchain supports future developments that will ensure it remains competitive in a growing cryptocurrency and blockchain space. Its latest development is NEO 3.0, which ensures that the network is secured and that transactions can be completed faster. The Neo platform enables 10,000 transactions per second (TPS) with its latest version of Neo 3.0.

The Neo network has two tokens that are used for activities. They are the NEO token used for voting and governance proposals, while the GAS tokens are used to fee transaction fees within the Neo blockchain. Holders of NEO receive GAS as rewards without staking to encourage users to trust in the project’s future.

Developers can launch their smart contracts on the Neo blockchain and develop decentralized applications (DApps). Developers use the gas as a token to pay for smart contract deployment and purchase DApps.

Neo (NEO) Current Market Status

The maximum supply of NEO is 100 million NEO, while its circulating supply is 70.538 million NEO, according to CoinMarketCap. At the time of writing, NEO is trading for $9.59, representing 24 hours increase of 8.08%. The trading volume of NEO in the past 24 hours is $57.82 million, representing a 54.45% increase.

Some top cryptocurrency exchanges for trading Neo (NEO) are Binance, Kucoin, Huobi Global, Gate.io, and others.

Now that you know what NEO is and its current market status, we shall discuss the price analysis of Neo (NEO) for 2022.

Neo (NEO) Price Analysis 2022

Currently, NEO is ranked in the 62nd position on CoinMarketCap. Will developments and upgrades within the Neo community lead to a rising price of Neo (NEO)? We shall see in this Coin Edition price analysis 2022 article.

Neo (NEO) Price Analysis- Keltner Channel

NEO/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner Channel is a technical analysis indicator used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Neo (NEO), it could be seen that the present bullish run could continue since the recent candlesticks are within the first half of the chart from the bottom. Also, since the last candlestick is bullish, the present increase in the price of NEO might be sustained before any reversal would be expected.

Neo (NEO) Price Analysis – Relative Strength Index

NEO/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of the Neo (NEO) 1day chart of NEO/USDT is 50.88.  This shows that NEO is showing a strong trend between 50 and 70. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 70 RSI value, which is the overbought region, before any price correction soon.

Neo (NEO) Price Analysis – Moving Averages

NEO/USDT 4-Hour Chart Showing 200-MA and 100-MA (Source: Tradingview)

The chart above shows the 4-Hour NEO 200-day and 100-day Moving Average (MA) chart. Presently, NEO is on a bullish trend, as indicated in the recent uptrend. Since the 200-MA is above the 100-MA, we can deduce that the price is bullish for long-term hodlers.

Also, since the gap between the moving averages is wide and above the recently formed candlesticks, the price of Neo (NEO) might experience a significant rise or fall in the future.

Neo (NEO) Price Prediction 2022

NEO/USDT 1Day Chart (Source: Tradingview)

Looking at the daily chart of NEO/USDT, NEO price was swinging from $15.04 resistance2 to $11 resistance1 after touching the support levels of $8.17. It reversed from the support level of $8.17 and now going sideways in the market and is expected to be bullish in the coming weeks.

Meanwhile, our long-term NEO price prediction for 2022 is bullish since it cannot break the present support level soon. We can expect NEO to reach $50 in 2022.

Neo (NEO) Price Prediction – Resistance and Support Levels

NEO/USDT 1Day Chart (Source: Tradingview)

This bullish chart shows that the price of NEO has decreased by 13% in the past 30 days. If this price decrease reverses, NEO could break the $11 resistance1 level, move higher to $49.65 at the resistance10 level, and even higher, the bullish signal for 2022.

However, if sellers have their way, the price of NEO might be dethroned from its present uptrend position. In simpler terms, NEO might trend below the $8.17 support level and even lower in 2022, a bearish signal.

Neo (NEO) Price Prediction 2023

If the value of the NEO’s relative strength index (RSI) is at least 60, by the end of 2022, the bulls and investors will be in change. This could spill over into the first half of 2023, which could make the Neo (NEO) price trade around $70 by the end of 2023.

Neo (NEO) Price Prediction 2024

The positive sentiment that comes with the news of Bitcoin halving could directly impact the price of the Neo token. Since 2024 is a year of Bitcoin halving, and most cryptocurrencies respond in the same trend as Bitcoin, we could see the price of NEO trade at $100 by the end of 2024.

Neo (NEO) Price Prediction 2025

By the end of 2025, the price of Neo (NEO) could rise to $130. This is because of the price surge a year after Bitcoin halved. Also, considering that more developments will be introduced into the Neo blockchain to ensure that its users are relatively increasing, this price target could be attained.

Neo (NEO) Price Prediction 2026

With the number of NEO hodlers on the increase and the growing sentiment about cryptocurrencies, NEO has the possibility of holding most of its recent gains and consolidating. Hence, the price of NEO could trade at around $160 by the end of 2026 due to the bear market that serves as a market correction after a strong bullish run.

Neo (NEO) Price Prediction 2027

By the end of 2026, most investors will be preparing for a possible trend reversal in the direction of the bulls. This is due to a possible sentiment that the market has attained its minimum support level. The price of NEO could surge to $190 by the end of 2027.

Neo (NEO) Price Prediction 2028

In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news that surrounds any year of Bitcoin halving. It is, therefore, possible that the market could attain higher high value. Neo (NEO) could hit $220 by the end of 2028.

Neo (NEO) Price Prediction 2029

By 2029, there could be a lot of stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to the implementation of some of the lessons learned to ensure that their investors retain confidence in the project. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of NEO to $250 by the end of 2029.

Neo (NEO) Price Prediction 2030

The cryptocurrency market experienced high stability due to the holding activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of Neo (NEO) to trade around $280 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.

Conclusion

As said above, NEO might reach $50 in 2022 and $280 by 2030 if investors have decided that NEO is a good investment, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is Neo (NEO)?

NEO is one of the native Neo blockchains used to vote for proposals.

How to buy Neo (NEO) Token?

Like other cryptocurrencies, Neo (NEO) can be traded in cryptocurrency exchanges like Binance, Huobi Global, Kucoin, Gate.io, and others.

Will NEO Token surpass its present ATH?

NEO has a low possibility of surpassing its present all-time high (ATH) price of $196.85 in 2022.

When was Neo token launched?

It was launched in June 2017.

What will be the Neo (NEO) price by 2023?

Neo (NEO) price is expected to reach $70 by 2023.

What will be the Neo (NEO) price by 2024?

Neo (NEO) price is expected to reach $100 by 2024.

What will be the Neo (NEO) price by 2025?

Neo (NEO) price is expected to reach $100 by 2024.

What will be the Neo (NEO) price by 2026?

Neo (NEO) price is expected to reach $160 by 2026.

What will be the Neo (NEO) price by 2027?

Neo (NEO) price is expected to reach $190 by 2027.

What will be the Neo (NEO) price by 2028?

Neo (NEO) price is expected to reach $220 by 2028.

What will be the Neo (NEO) price by 2029?

Neo (NEO) price is expected to reach $250 by 2029.

What will be the Neo (NEO) price by 2030?

Neo (NEO) price is expected to reach $280 by 2030.

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.

More Crypto Price Predictions:

  • Bullish NEO price prediction ranges from $11 to $49.65.
  • NEO price might also reach $50 this 2022.
  • NEO’s bearish market price prediction for 2022 is $8.17.

Neo is an open-sourced blockchain project that was started in June 2017. Its native token is denoted as NEO.

Neo investors are bullish on the token since it has a return on investment (ROI) of over 131 times in the past six years. The crypto bubble of December 2017 and early January led to the surge in the price of NEO to its present all-time high (ATH) of $196.85, attained in January 2018. It has been unable to break this psychological resistance since then. Irrespective of the recent crypto winter, NEO investors are confident that the future of NEO is bullish.

If you are interested in the future of Neo (NEO) and want to know the price analysis and prediction of NEO for 2022, 2023, 2024, 2025, 2026, and up to 2030, keep reading this Coin Edition article.

What is Neo (NEO)?

Neo is an open-sourced blockchain platform initially released in 2014 as Antishare. It was rebranded to Neo in June 2017. It was Da Hongfei and Erik Zhang who founded it. Blockchain supports future developments that will ensure it remains competitive in a growing cryptocurrency and blockchain space. Its latest development is NEO 3.0, which ensures that the network is secured and that transactions can be completed faster. The Neo platform enables 10,000 transactions per second (TPS) with its latest version of Neo 3.0.

The Neo network has two tokens that are used for activities. They are the NEO token used for voting and governance proposals, while the GAS tokens are used to fee transaction fees within the Neo blockchain. Holders of NEO receive GAS as rewards without staking to encourage users to trust in the project’s future.

Developers can launch their smart contracts on the Neo blockchain and develop decentralized applications (DApps). Developers use the gas as a token to pay for smart contract deployment and purchase DApps.

Neo (NEO) Current Market Status

The maximum supply of NEO is 100 million NEO, while its circulating supply is 70.538 million NEO, according to CoinMarketCap. At the time of writing, NEO is trading for $9.59, representing 24 hours increase of 8.08%. The trading volume of NEO in the past 24 hours is $57.82 million, representing a 54.45% increase.

Some top cryptocurrency exchanges for trading Neo (NEO) are Binance, Kucoin, Huobi Global, Gate.io, and others.

Now that you know what NEO is and its current market status, we shall discuss the price analysis of Neo (NEO) for 2022.

Neo (NEO) Price Analysis 2022

Currently, NEO is ranked in the 62nd position on CoinMarketCap. Will developments and upgrades within the Neo community lead to a rising price of Neo (NEO)? We shall see in this Coin Edition price analysis 2022 article.

Neo (NEO) Price Analysis- Keltner Channel

NEO/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner Channel is a technical analysis indicator used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Neo (NEO), it could be seen that the present bullish run could continue since the recent candlesticks are within the first half of the chart from the bottom. Also, since the last candlestick is bullish, the present increase in the price of NEO might be sustained before any reversal would be expected.

Neo (NEO) Price Analysis – Relative Strength Index

NEO/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of the Neo (NEO) 1day chart of NEO/USDT is 50.88.  This shows that NEO is showing a strong trend between 50 and 70. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 70 RSI value, which is the overbought region, before any price correction soon.

Neo (NEO) Price Analysis – Moving Averages

NEO/USDT 4-Hour Chart Showing 200-MA and 100-MA (Source: Tradingview)

The chart above shows the 4-Hour NEO 200-day and 100-day Moving Average (MA) chart. Presently, NEO is on a bullish trend, as indicated in the recent uptrend. Since the 200-MA is above the 100-MA, we can deduce that the price is bullish for long-term hodlers.

Also, since the gap between the moving averages is wide and above the recently formed candlesticks, the price of Neo (NEO) might experience a significant rise or fall in the future.

Neo (NEO) Price Prediction 2022

NEO/USDT 1Day Chart (Source: Tradingview)

Looking at the daily chart of NEO/USDT, NEO price was swinging from $15.04 resistance2 to $11 resistance1 after touching the support levels of $8.17. It reversed from the support level of $8.17 and now going sideways in the market and is expected to be bullish in the coming weeks.

Meanwhile, our long-term NEO price prediction for 2022 is bullish since it cannot break the present support level soon. We can expect NEO to reach $50 in 2022.

Neo (NEO) Price Prediction – Resistance and Support Levels

NEO/USDT 1Day Chart (Source: Tradingview)

This bullish chart shows that the price of NEO has decreased by 13% in the past 30 days. If this price decrease reverses, NEO could break the $11 resistance1 level, move higher to $49.65 at the resistance10 level, and even higher, the bullish signal for 2022.

However, if sellers have their way, the price of NEO might be dethroned from its present uptrend position. In simpler terms, NEO might trend below the $8.17 support level and even lower in 2022, a bearish signal.

Neo (NEO) Price Prediction 2023

If the value of the NEO’s relative strength index (RSI) is at least 60, by the end of 2022, the bulls and investors will be in change. This could spill over into the first half of 2023, which could make the Neo (NEO) price trade around $70 by the end of 2023.

Neo (NEO) Price Prediction 2024

The positive sentiment that comes with the news of Bitcoin halving could directly impact the price of the Neo token. Since 2024 is a year of Bitcoin halving, and most cryptocurrencies respond in the same trend as Bitcoin, we could see the price of NEO trade at $100 by the end of 2024.

Neo (NEO) Price Prediction 2025

By the end of 2025, the price of Neo (NEO) could rise to $130. This is because of the price surge a year after Bitcoin halved. Also, considering that more developments will be introduced into the Neo blockchain to ensure that its users are relatively increasing, this price target could be attained.

Neo (NEO) Price Prediction 2026

With the number of NEO hodlers on the increase and the growing sentiment about cryptocurrencies, NEO has the possibility of holding most of its recent gains and consolidating. Hence, the price of NEO could trade at around $160 by the end of 2026 due to the bear market that serves as a market correction after a strong bullish run.

Neo (NEO) Price Prediction 2027

By the end of 2026, most investors will be preparing for a possible trend reversal in the direction of the bulls. This is due to a possible sentiment that the market has attained its minimum support level. The price of NEO could surge to $190 by the end of 2027.

Neo (NEO) Price Prediction 2028

In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news that surrounds any year of Bitcoin halving. It is, therefore, possible that the market could attain higher high value. Neo (NEO) could hit $220 by the end of 2028.

Neo (NEO) Price Prediction 2029

By 2029, there could be a lot of stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to the implementation of some of the lessons learned to ensure that their investors retain confidence in the project. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of NEO to $250 by the end of 2029.

Neo (NEO) Price Prediction 2030

The cryptocurrency market experienced high stability due to the holding activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of Neo (NEO) to trade around $280 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.

Conclusion

As said above, NEO might reach $50 in 2022 and $280 by 2030 if investors have decided that NEO is a good investment, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is Neo (NEO)?

NEO is one of the native Neo blockchains used to vote for proposals.

How to buy Neo (NEO) Token?

Like other cryptocurrencies, Neo (NEO) can be traded in cryptocurrency exchanges like Binance, Huobi Global, Kucoin, Gate.io, and others.

Will NEO Token surpass its present ATH?

NEO has a low possibility of surpassing its present all-time high (ATH) price of $196.85 in 2022.

When was Neo token launched?

It was launched in June 2017.

What will be the Neo (NEO) price by 2023?

Neo (NEO) price is expected to reach $70 by 2023.

What will be the Neo (NEO) price by 2024?

Neo (NEO) price is expected to reach $100 by 2024.

What will be the Neo (NEO) price by 2025?

Neo (NEO) price is expected to reach $100 by 2024.

What will be the Neo (NEO) price by 2026?

Neo (NEO) price is expected to reach $160 by 2026.

What will be the Neo (NEO) price by 2027?

Neo (NEO) price is expected to reach $190 by 2027.

What will be the Neo (NEO) price by 2028?

Neo (NEO) price is expected to reach $220 by 2028.

What will be the Neo (NEO) price by 2029?

Neo (NEO) price is expected to reach $250 by 2029.

What will be the Neo (NEO) price by 2030?

Neo (NEO) price is expected to reach $280 by 2030.

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.

More Crypto Price Predictions:

 

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