NEO Price Prediction – NEO Forecast 2021, 2022, 2025 & 2030

Fact Checked by Gary McFarlane

The rise of smart contracts looks set to pave the way for more and more blockchain-based platforms to rise to prominence. One of the most exciting platforms is NEO, thanks to its ‘smart economy’ concept, which could help shape numerous industries in the years to come.

This article will cover our NEO Price Prediction in-depth, touching on all of the elements that could affect price in the future. We’ll also show you where the best place to invest in NEO is, ensuring you’re able to buy NEO commission-free!

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neo

NEO (NEO)

Price
$ 37.45

NEO Price Prediction 2021 to 2022

Throughout this guide, we’ll break down our NEO prediction 2021 in detail, covering how the coin arrived at this price point and what its long-term outlook is. However, if you’re looking for a brief overview of our NEO prediction – look no further! The bullet points below concisely show our NEO forecast for the upcoming timeframes.

  • One Month – Like other cryptocurrencies in the market, NEO’s price took a sharp tumble recently. However, our analysis predicts that the NEO price live will recover and return to the $66 level by the end of the month.
  • Three Months – Over the next three months, our NEO forecast estimates that the NEO price will head back towards the $100 level. This represents a solid psychological area for price to head towards.
  • Start of 2022 – By the beginning of 2022, our price analysis expects that NEO will return to the highs of the $130 level met in April and May 2021. This would represent a 150% increase from current levels.

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NEO Price History – the Story of 2021 So Farneo logo

As the 46th largest cryptocurrency by market cap, NEO coin may not be a coin that has the same level of media attention as larger cryptos such as Bitcoin, Ethereum, or Dogecoin. However, the underlying technology behind NEO makes the platform an appealing prospect for individuals and businesses in the future. With that said, let’s look at what NEO is before exploring how price reached this point.

First of all, NEO is actually the name of the open-source, decentralised blockchain platform that the NEO token can be used on. Most of the time, NEO refers to the token – so when you buy NEO UK, you’ll be investing in the latter. However, although you’ll be investing in the digital coin, you’ll also be indirectly investing in the performance and popularity of the NEO platform.

The NEO platform was founded in 2014 by Da HongFei and Erik Zhang. The platform’s goal is to help change the way that physical assets are managed. They aim to do this by digitising assets through NEO’s blockchain technology, which will be handled through smart contracts.

neo blockchain

NEO is very similar to Ethereum (and is sometimes referred to as the Chinese Ethereum) because its platform can use these smart contracts to remove the middleman in various types of transactions. Ultimately, this makes transactions easier and cheaper to complete. Furthermore, the digitisation of physical assets opens up limitless asset ownership and fractional investing possibilities.

Between June 2017 and January 2018, the NEO price rose an astounding 16,519%. This helped the price to reach the $200 mark, and at the time, there was no telling where the price could go. However, much like other altcoins, NEO’s price immediately retreated to where the momentum started and remained at this level over the following years.

neo price chart

The current NEO price began showing some upward momentum in the first week of January 2021, following a broader bull run in the crypto market. Between January and May, NEO’s price increased by 808%, reaching the $140 level. However, similar to what happened before, the price immediately retraced back down.

At the time of writing, the NEO price today is sitting at the $51 level. This follows a gradual price increase throughout July and August, followed by a sharp fall in September. Overall, NEO’s price is still up around 250% since the turn of the year, highlighting the positive gains created for investors. However, as you will see in the following sections, the future definitely looks bright for this crypto in the future.

NEO Price Forecast

Before you decide to dive in and buy cryptocurrency, it’s essential to do your due diligence to ensure a higher chance of investment success. Due diligence refers to the process of appraising an investment beforehand by researching all of the factors that could affect the price. With that said, this section covers the technical and fundamental elements that you should be aware of before buying NEO.

Technical Analysis

Technical analysis is a critical component of our NEO stock forecast, as it helps to identify patterns that could provide insight into future price movements. As you can see from the price chart, NEO recently took a 33% hit over the course of two days. Much of this can be attributed to the negatives Bitcoin faced concerning its rollout in El Salvador.

neo technical analysis

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Much like when you buy stocks, it’s natural to have these dips in price. The question is whether this dip is the start of extended bearish momentum or whether it’s just temporary. Our NEO price prediction points to the latter, as the long-term technical still look optimistic.

There seems to be a strong resistance level around the $60 mark, which price has struggled to breach in recent months. Support could be found around the $25 level, which has contained price previously. So, be aware that the NEO price could head back down before it goes up, providing an excellent level to buy in at.

Fundamental Analysis

Investing in cryptocurrency also involves looking at the fundamental factors that may influence the price. One of the key things going for NEO is that it supports smart contracts, which many people believe will transform how we do business. Cardano is another platform that supports smart contracts and which has seen some significant momentum in recent times.

These smart contracts can help in various industries, such as healthcare, insurance, and finance. Furthermore, NEO’s platform could help in the realm of decentralised finance (DeFi), meaning traditional financial systems would be removed from money transfers. This will improve safety and reduce costs for all parties.

Finally, NEO aims to gain regulatory approval in China. This is a huge task, as Chinese regulators tend to have a dim view of cryptos due to their anonymity and huge electricity requirements. However, through ‘OnChain’, another tech company founded by NEO’s creators, private blockchains will be produced, which will be more attractive to China-based regulators. If NEO can crack this market, it will mean a massive boost in popularity for the platform, which will have a knock-on effect on the NEO price.

NEO Price Prediction 2025 – Long Term Outlook

Now that you have a solid idea of what NEO is and how it works, let’s turn our attention to the coin’s long-term potential. NEO has a market capitalisation of over $3.5 billion, making it relatively small compared to BTC, ETH, and XRP. However, this small size means enormous growth potential here, making the coin ideal for risk-seeking investors.

The tokenisation of physical assets is one of the key reasons to invest in NEO in the years to come. Assets such as art or real estate can be given a digital identity on NEO’s blockchain, meaning that the process of exchanging ownership is much more streamlined. What’s more, the public nature of the blockchain means that anyone can see who owns a specific asset, removing any ownership issues.

neo stats

Decentralised apps (dApps) can be built on NEO’s platform that removes the requirement for a central authority to control them. This provides a level of permanence to transactions and records, meaning that nobody can delete something once it has occurred. The potential applications for this are limitless, making NEO’s platform very appealing.

Combined with the technicals mentioned earlier, these factors mean that our NEO forecast is encouraging over the long term. Our NEO price prediction 2025 sees the coin return to the all-time highs of $200 reached in January 2018. If this were to occur, it would represent an increase of 288% from current levels.

neo investment

Looking even further ahead, our NEO price prediction 2030 is similarly optimistic. Although there are no technical factors to base this NEO prediction on, the potential for this platform could see NEO’s price reach the $400 mark and potentially beyond. Again, as a disclaimer, this is purely a result of our analysis and views – so follow common investment advice and do your own research too!

Overall, NEO provides an alternative digital currency for people who do not wish to invest in Ethereum but still wish to gain exposure to the rise of smart contracts. The added benefit of China’s approval could provide NEO with the boost it needs to push into the top 20 cryptos, adding more credibility to the coin. So, if you are a risk-seeking investor and happy to speculate long term, then NEO may be an excellent option for you.

NEO Price Chart

When looking at the NEO price chart, the recent bearish volatility immediately catches the eye. However, as noted earlier, these moves are not uncommon in the cryptocurrency market. If you were to look back at any altcoin’s price chart over the past few years, you’d likely see some form of ‘crash’. These fluctuations tend to be temporary, as the general nature of the crypto market is relatively bullish.

etoro neo price chart

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The NEO coin price was ascending in a channel, so this bearish break isn’t out of character. It’s essential to be patient over the short-term and wait and see what happens next. If NEO can create a solid support level (with a retracement on the daily chart), it’ll provide added confidence that a bullish market sentiment will return.

However, there is a chance that NEO could return to the bottom of the range before the end of the year, which would mean returning to the $25 level. This may seem quite far away – but it would also mean being able to invest at a more attractive level. Overall, if you were someone who is looking to invest long term, it’s vital to wait for a good buying opportunity to ensure you optimise your returns.

Where to Invest in NEO

It’s all well and good having an understanding of what NEO is and the coin’s potential; however, you also must ensure you know where the best place to invest is. The rise of crypto has meant that many crypto exchanges are now available for traders to choose from, offering a wide range of tradeable assets. With so many options, it’s tough to narrow down the choices to a specific one.

Not to worry – we’ve done the research and believe that eToro is the best platform to buy NEO. eToro is one of the world’s most popular brokers, boasting over 20 million users. A key component of eToro’s platform is that it is regulated by the FCA, CySEC, and ASIC, which are three of the world’s leading regulatory bodies. This ensures that traders are protected when using the platform, and their personal information is safeguarded.

etoro buy crypto

We recommend using eToro to buy NEO because users do not have to pay commissions on their trades. The only thing you need to worry about is the spread, which is the difference between the bid and the ask price. Luckily, this spread tends to be pretty competitive with other providers – especially during times of peak liquidity. Other than the spread, eToro does not charge any monthly account fees or deposit fees.

Users can fund their accounts from as little as $50 (£37), much lower than some of eToro’s rivals. The great thing is that deposits can be made via credit/debit card, bank transfer, and various e-wallets – including PayPal! Thus, it’s simple to connect your PayPal account to eToro and begin buying cryptocurrency using that method.

Finally, eToro has a considerable selection of digital assets to choose from, meaning that there’s an investment option for everyone. If you’re looking to create a diversified portfolio, you can even invest in stocks, bonds, commodities, currencies, and ETFs. The great thing is that all these CFDs are commission-free, making eToro an extremely low-cost broker.

NEO Price Prediction – Conclusion

In summary, our NEO prediction for the months and years ahead is still rosy – even considering the recent bearish momentum. The crypto market is growing year on year, which will have a tangible positive impact on NEO’s price. Combine this with NEO’s smart contract offering and asset digitisation, and you can see why NEO might be a good investment going forward.

So, if you’re interested in buying NEO today, we’d recommend opening an account with eToro. Account opening is speedy and can usually be completed in minutes. What’s more, deposits can be made from only $50, and all cryptos can be traded commission-free!

 

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About Connor Brooke PRO INVESTOR

Connor is a Scottish financial expert, specialising in wealth management and equity investing. Based in Glasgow, Connor writes full-time for a wide selection of financial websites, whilst also providing startup consulting to small businesses. Holding a Bachelor’s degree in Finance, and a Master’s degree in Investment Fund Management, Connor has extensive knowledge in the investing space, and has also written two theses on mutual funds and the UK market.