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Neo (NEO) Price Prediction 2024-2030: Will NEO Price Hit $50 Soon?

Neo (NEO) Price Prediction 2024-2030: Will NEO Price Hit $50 Soon?

CoineditionCoinedition2024/04/16 11:43
By:Victor Olanrewaju
  • NEO’s price is expected to ride on the bullish wave and hit $32.50 in 2024.
  • By 2027, the price might fall to $28.74 before it rebounds to $35 in 2028.
  • 2030 could be bullish for NEO, and its price might hit $52.47.

Many projects claim to be building the next generation internet but not all of them have stayed true to that objective. However, a project like Neo seems to have committed itself to the mission. In this article, Coin Edition explains what Neo is, and the function of its native token NEO. Besides that, you will also find the price predictions from 2024 to 2030.

Table of contents

  • Neo (NEO) Real Time Market Status
  • What is Neo?
  • NEO Current Market Status
  • Neo (NEO) Price Analysis
    • Neo (NEO) Price Analysis – Bollinger Bands
    • Neo (NEO) Price Analysis – Relative Strength Index (RSI)
    • Neo (NEO) Price Analysis – Moving Average Convergence Divergence
  • Neo (NEO) Price Prediction 2024
    • Neo (NEO) Price Prediction – Resistance and Support Levels
  • Neo (NEO) Price Prediction 2025
  • Neo (NEO) Price Prediction 2026
  • Neo (NEO) Price Prediction 2027
  • Neo (NEO) Price Prediction 2028
  • Neo (NEO) Price Prediction 2029
  • Neo (NEO) Price Prediction 2030
  • Neo (NEO) Price Prediction 2040
  • Neo (NEO) Price Prediction 2050
  • Conclusion
  • FAQ

Neo (NEO) Real Time Market Status

🪙 Name Neo
💱 Symbol NEO
🏅 Rank #63
💲 Price $19.1954848392
📊 Price Change (1h) -0.81 %
📊 Price Change (24h) -15.08 %
📊 Price Change (7d) -5.42 %
💵 Market Cap $1354027061.04
💸 Circulating Supply 70538831 NEO
💰 Total Supply 100000000 NEO

Neo (NEO) is currently trading at $19.1954848392 and sits at number #63 on CoinMarketCap in terms of market capitalization. There are 70538831 NEO coins currently in circulation, bringing the total market cap to $1354027061.04.

Over the past 24 hours, Neo has decreased by 15.08%. Looking at the last week, the coin is down by 5.42%.

What is Neo?

Neo is an open-source decentralized blockchain that aims to build the next-generation internet. With Noe, developers can access the tools required to build decentralized applications . On the blockchain, users would find a distributed data storage system, a domain name service, and a built-in Oracle that enables access to off-chain data.

In terms of its governance token, NEO, holders can participate in voting. Holding the NEO token also has some use cases including gas fee payments, dApp purchases, and smart contract deployment. 

NEO Current Market Status

NEO’s price as of this writing was $19.76. This represented a 12.18% increase in the last 24 hours. Like the price, NEO’s trading volume increased by an outstanding 95.89% within the same period. This increase ensured that the volume got close to $800 million.

The increase in volume was a sign of increasing interest in the token. Furthermore, the market cap of NEO was $1.39 billion. The maximum and total supply is 100 million tokens, of which 70.53 million were in circulation.

If you intend to buy NEO, you can get the token on Binance, Upbit, KuCoin, OKX, and several other exchanges.

Neo (NEO) Price Analysis

NEO’s price potential is something to keep an eye on. However, you can make feasible predictions of the token without analyzing its technicality. Hence, this segment of the article focuses on NEO’s short-term forecast and its long-term predictions from 2024 to 2030.

Neo (NEO) Price Analysis – Bollinger Bands

NEO’s price initially rose to $23.30 on April 15. Besides the buying pressure, the high volatility, indicated by the Bollinger Bands (BB) was one of the reasons for the increase.

However, it did not take long for the price of the token to fall. From the 4-hour chart, a red candlestick appeared and seemed responsible for the declining price action. Despite the decline, volatility around NEO remained high. 

If sellers continue to take profits, the value of the cryptocurrency might tumble as low as $15.80. On the other hand, a hike in buying pressure could push the price toward $25.

NEO/USD 4-Hour Chart (Source: TradingView )

Neo (NEO) Price Analysis – Relative Strength Index (RSI)

The RSI on the 4-hour chart showed that NEO was unable to retain its buying momentum.  On April 14, the token was oversold but bulls ramped up accumulation and were able to drive the price higher.

But bears were on the sidelines, and it took only a short while before they invalidated the bullish momentum. At press time, the RSI had declined below the 50.00 midpoint, suggesting increased bearish momentum. Hence, the likely target for NEO might be less than its price as of this writing.

NEO/USD 4-Hour Chart (Source: TradingView )

Neo (NEO) Price Analysis – Moving Average Convergence Divergence

Though NEO flashed a bearish movement, the Moving Average Convergence Divergence (MACD) showed that a rebound could be possible.

As of this writing, the MACD was 0.15, indicating an increasing buying momentum. However, the 12 and 26 EMAs revealed that buyers and sellers were in a heated contest for dominance. Depending on who takes the day, NEO could either hit $20 or decline below $18 in the short term.

NEO/USD 4-Hour Chart (Source: TradingView )

Neo (NEO) Price Prediction 2024

On the daily timeframe, NEO exhibited a lot of inconsistencies. Between January and March, the price of the token moved from $10.36 to $18.05. Despite the upswing, NEO has had to put up with resistance from bears.

Furthermore, it is expected that the token might experience more of that before 2024 ends. However, the Exponential Moving Average (EMA) showed that NEO could end the year on a bullish note.

NEO/USD Daily Chart (Source: TradingView )

At press time, the 50 EMA (blue) had crossed over the 200 EMA (yellow), suggesting that the trend could be bullish for most of the year’s remainder. Hence NEO’s price prediction for 2024 could be around $32.50.

Neo (NEO) Price Prediction – Resistance and Support Levels

From the 4-hour chart, NEO held strong support at $14.13, and bulls have been able to ensure that the price does not decline below this point. This support was also one of the reasons NEO was able to break past $20.

However, the road was not a clear, unhindered one as there was resistance at $16.86. While NEO’s price has decreased, there was another resistance at $21.01 which bulls might find hard to breach.

NEO/USD 4-Hour Chart (Source: TradingView )

Neo (NEO) Price Prediction 2025

NEO might fail to replicate the form it had between 2017 and 2018. However, by 2025, the price is expected to increase from the highest price it might reach in 2024. Hence, the price prediction for 2025 is $40.

Neo (NEO) Price Prediction 2026

By 2026, NEO’s price might increase as many market participants might adopt the token and its use cases. Therefore, the price prediction for 2026 is $43.65.

Neo (NEO) Price Prediction 2027

2027 might be a bearish year for NEO. While the value might increase for some part, the token might face a downturn for the most of it. The project might also face regulatory issues like many projects in the market have. Therefore, the value could drop to $28.74 in 2027.

Neo (NEO) Price Prediction 2028

NEO’s price might rebound in 2028, and the market cap of the broader market might also jump. Should this be the case, the price prediction of NEO might be $35.

Neo (NEO) Price Prediction 2029

By 2029, NEO might continue its increase. This time, it might be able to surpass the projected price of 2025 and reach $48 in the process.

Neo (NEO) Price Prediction 2030

In 2030, NEO might still be a relevant project in the market. As such, demand for the cryptocurrency might improve. Should this be the case, the price of the token could hit $52.47 in 2030.

Neo (NEO) Price Prediction 2040

It might be difficult to predict NEO’s price by 2040. However, Coin Edition’s analysis expects the value to increase to a maximum of $56.30. At the minimum, NEO could be worth $41.23.

Minimum Price  Average Price Maximum Price
$41.23 $50.13 $56.30

Neo (NEO) Price Prediction 2050

Like the expected hike in 2050, the price of NEO could jump by 2050. Hence, our analysis places the price prediction at $89.46.

Minimum Price  Average Price Maximum Price
$59.18 $67.86 $89.46

Conclusion

Despite these predictions, it is important to note that NEO could experience a notable nosedive at different points. While the project might remain in the top 100, the price won’t always go. Therefore, do your research before committing any capital to the cryptocurrency.

FAQ

What is NEO?

NEO is the governance token of the Neo blockchain, which is an open-source network for developers. With NEO, holders can pay gas fees, deploy smart contracts, participate in on-chain voting, and purchase Decentralized Applications (dApps).

How do you buy NEO?

NEO is accessible on exchanges. So, you can buy the token on platforms like OKX, Binance, Crypto.com, and Asia-based exchange Upbit.

Is NEO a good investment?

In recent years, NEO has underperformed when compared to other altcoins. Despite that, the token has been worth investing in since the beginning of 2024 as its price has increased by 38.01$ on a Year-To-Date (YTD) basis. Going forward, NEO can be a good investment but buyers might need to keep their expectations low as the price might only hit conservative levels.

What is NEO’s all-time high?

NEO’s all-time high was $198.38 in January 2018.

Will NEO reach $50 soon?

NEO has the potential to reach $50. But how soon remains unknown. For the token to hit $50 from its current level, the market cap has to jump 3x. Should this be the case, NEO’s market cap would be close to $4 billion. While this is not impossible, it could take some time.

What is the maximum supply of NEO?

The maximum supply of NEO is 100 million tokens.

Will NEO surpass its current ATH?

It might be difficult for NEO to surpass its current ATH. The token is almost 90.10% down from its ATH. So, for it to revisit the price, the value has to increase by 9x which might not be practical this cycle. However, in the foreseeable future, NEO can attempt to surpass its ATH.

What is the lowest price of NEO?

The lowest price of NEO was $0.55 in March 2017.

Who is the founder of NEO?

NEO has about three co-founders. They include Erik Zhang, Da Hongfei, and Hitter Xu.

Which year was NEO launched?

NEO was launched in 2017.

How do I store NEO?

You can store NEO in a wallet. However, if you are comfortable with keeping your tokens on exchanges, you can store them there too. Alternatively, a hard wallet might also come in handy for you to store your tokens.

What will be the price of NEO in 2024?

The price of NEO is expected to near $32.50 in 2024.

What will be the price of NEO in 2025?

NEo’s price might hit $40 in 2025

What will be the price of NEO in 2026?

The price of NEO could be as high as $43.65 in 2026.

What will be the price of NEO in 2027?

NEO’s price is expected to face a downturn in 2027, and this puts the price prediction at $28.74.

What will be the price of NEO in 2028?

NEO might bounce from its 2027 lows and hit $35 in 2028.

What will be the price of NEO in 2029?

The expected price of NEO in 2029 is $48.

What will be the price of NEO in 2030?

NEO’s price is expected to hit $52.47 in 2030.

What will be the price of NEO in 2040?

In 2040, NEO might hit $56.30 at the maximum level.

What will be the price of NEO in 2050?

The price of NEO could be $89.46 by 2050.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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