Before we have predict Neo Price, Firstly we have to understand the Neo Coin.
What Is NEO?
NEO, which was originally called “AntShares”, It’s founded by Da Hongfei. it was in June 2017 that NEO rebranded from AntShares to NEO. NEO was China’s first digital coin and it’s competitor of Ethereum.NEO coin is much more than just a digital currency.
NEO is basically a blockchain based platform which allows developers to create smart contracts and decentralized applications.
As far as Bitcoin is concerned, NEO is very different to it. This is because the only purpose of Bitcoin is to be used as a digital currency.
NEO key features are given below -:
NEO coin cannot be divided. So, you cannot make a transfer like 0.5 NEO or 0.11 NEO. NEO can be considered similar to the stocks of any company, which cannot be divided.
There is a second cryptocurrency that can be used by the NEO community is GAS. By holding the NEO coin in your wallet, you earn GAS.
Neo allows developers to code smart contracts using C++, C#, Go, Java, and other common programming languages. On the other hand Ethereum allows the programmers to code only in one language.
Historic price rise of NEO?
As you can see in the chart below, NEO started to gain popularity around the same time it got rebranded from “AntShares” to NEO in June 2017.
NEO is the first open-source blockchain platform developed in China and is in the good books of the Chinese government. NEO is often referred to as the “Chinese Ethereum”.
NEO does the same thing as Ethereum but in a better way. This is what makes NEO a favourite among investors, developers and users.
NEO Coin Price Prediction 2018-:
Before the Neo coin price prediction I just share some previous return of Neo coin. If any one invested in NEO in July 2017, when its price was about $6, your $100 investment would have grown to about $2700 in January 2018. Providing a return on investment of 26 times.
Based on Technology and Market Trends;
NEO price prediction for 2018 stands at $550. They have based their prediction on positive factors such as:
Rising interest of institutional investors in NEO
Technical advantages offered by NEO’s platform over that of Ethereum
NEO’s focus on the digitization of assets rather than just the digitization of the currency.
Many experts believe that NEO has a bright future. Brian Evans. who is a famous angel investor and a blockchain evangelist, has also come out in support of NEO. He said “The big move for NEO is creating an entire smart economy. It has incorporated digital assets, smart contracts and a digital identity that can be used for real-world applications and become integrated into the real economy. China could (and may) be a candidate for that first real-world application and integration.”
So, these NEO coin price predictions 2018 indicate that it could be a good year for NEO. As you can see, there are various factors that are working in favour of NEO coin.
NEO Price Prediction 2020
You also need to get an idea about the long-term prospects of NEO before making an investments decision. Let’s have a look at NEO price prediction 2020.
Cryptocurrency prices are highly unpredictable, even in the short term, so it is even more difficult to predict its price in the long term
Based On Technology and Market Trends;
NEO can touch $1400 or more by 2020. They have based their prediction on the fact that they would be able to capture the Chinese and most of the Asian market.
While the prediction seems to be on the higher side, we have all seen how tremendously cryptocurrencies have performed in the past.
It would be fair to say that the long-term future also looks promising for the NEO coin.
NEO a Good Investment?
NEO has provided great investment returns in the past. Along with previous performance, a crucial factor that pushes a cryptocurrency to success is strong fundamentals, and NEO has plenty.
China has been against cryptocurrencies and initial coin offerings (ICOs). Their comments about planning to ban cryptocurrency mining led to a crash in market prices.
However, Neo is one of their own cryptocurrencies and they have treated it favorably. Not only that, but it is also being used by many major businesses in the nation such as Alibaba and Microsoft China.
Considering the huge size of the Chinese market and the impact China has on the overall economy, this factor could provide a major boost for NEO.
As you can probably tell, predicting the future of any cryptocurrency is never simple. There are many elements that determine whether the price will rise or fall.
You also know what the top NEO coin price prediction 2018 and 2020 look like. I would say that it looks quite positive for NEO.
So, after reading this guide, what are your thoughts on NEO coin? Are you going to invest? We would love to hear your thoughts!
