NEO has been initially designed to digitize the numerous assets and to assure that the transactions in these assets are done with the guidance of smart contracts. It is striving to build a smart economy. NEO Name Service (NNS), which is a domain name service for wallet addresses on the NEO blockchain, has issued instructions for NNC token holders to maintain CGAS dividends using a Ledger hardware wallet. NNS has lately transitioned to a manual claiming system due to certain concerns that its CGAS airdrop to all NNC holders was letting congestion on the NEO blockchain.
What is Neo?
NEO Coin came to life back in 2014 and was created by Da Hongfei under the name of Antshares. After a while, the coin altered its name to NEO, and also enhanced its smart contracts to a much more excellent quality. The team behind NEO was successful in building the coin into a fully-functional smart economy which would combine digital assets, smart contracts, digital connections, and much more. This smart economy would be working as a P2P network, with no need for a middleman in any form of transactions. Since its invention, NEO has assembled an excellent team, exceptional technology, many unique features, and has become pretty developer-friendly. Its community of developers has grown a lot over the years, and the coin has followers around the globe. While NEO does have its own loving community, it would seem that the majority of investors are not conscious of NEO coin true potential. Because of this, the investors are abstaining out on a great opportunity, while NEO’s way to greatness receives even more barriers than the crypto would usually have to face.
Market prediction for NEO price
NEO, because of its vast potential, makes a good option for long-term investment than most other cryptos, and NEO price predictions can be quite tricky. Although it is also facing some headwinds, this year could be very positive for NEO. Let’s get a look of the future of NEO by looking out the forecasts given by the crypto traders or publications:
#1 Being Crypto
Being Crypto foretells that NEO may reach $120 by 2019 end, 200 USD by 2020 and in five years might go up as much as $450. Their confidence in the forecast shows that NEO has the potential to exceed other coins by their developments.
Smartereum gives a 5-year projection wherein they have said that the five-year forecast is approximately $ 1275, which looks like on an average NEO might grow by 1.5X on an average every year.
#3 Long Forecast
As per Long Forecast forecast, they believe that the value of NEO might depreciate in 2019 and may fall to approximately $9. But, 2020 holds positive, and they predicted that NEO might reach as high as $21 by the close of 2020.
#4 Crypto Ground
According to Crypto Ground, NEO might go up to $195.352 in 5 years, which will be an increase of around 40X, X being the current price.
#5 Coin Fan
CoinFan believes that by 2019, NEO might hit $200 at the maximum and by 2020, it might go up as much as $783. This looks like an optimistic bullish prediction by Coin Fan.
NEO: The New Crypto Kid on the Block
In 2017, there were 700 different cryptos and the number more than doubled in 2018. Nevertheless, in the top-heavy crypto index, a preferred dozen odd cryptos have been capable of rising the pecking order to secure a position among the ranking players. Although each crypto represents a product, technology, or platform, not all cryptos have been able to demonstrate the traction that sustains the viability of their concept. However, China’s biggest cryptocurrency NEO is one of the few that is indicating its arrival. Started as Antshares in 2014 and rebranded as NEO in 2017, this crypto is developing a smart economy that intends to ensure that ownership of assets is more transparent, can be tested, and is universally connected.
NEO price prediction
The futuristic concerns fundamentally drive NEO’s developers, as they are focused on securing NEO the foundation for an administration of the future. They are very proactive in reaching their aims as they’ve even left the conventional proof-of-work and proof-of-stake validation algorithms for a designated Byzantine fault tolerance algorithm, that is optimized to decrease the vulnerability of the network to bad actors while developing its scalability regarding transaction speed. These developments make NEO one of the most sought-after cryptos. According to NEO price forecast of 2019, it might plunge upwards to reach the $200 mark by the conclusion of 2019.
NEO price prediction in 5 years
Acknowledging the scalability of the program and its potential, it is a good chance for investors to finance in this crypto. Even because it is also starting to garner the concentration of the institutional investors, the potential is sure to grow more and more. By 2023, NEO is going to be one of the most extensively used cryptos and might reach as high as $437 by the conclusion of 2023. As per NEO price forecast 2025, NEO might reach $650, which will become one of the most vital stepping stone for NEO.
Considering the scalability of the program and the benefits, it is an excellent opportunity for the investors to finance in this crypto at present. Also, because it is also starting to garner the attention of the institutional investors, the potential is sure to rise. If you’re looking to invest for five years, then now might be the right time to invest in this cryptocurrency. It provides you with an excellent diversification opportunity as well. It can present you with significant returns in the next couple of years.
Disclaimer: This feature should not be exercised as, and is not designed to provide, investment advice. Coinpriceprediction and its affiliates, employees, and writers give the information about the coin with careful analysis. Please conduct your thorough study before funding in any crypto.