Neo Price Prediction 2022-2026: Will the Price of NEO Hit $60 by the end of 2022?

NEO is the native token of the Neo blockchain. It was launched as Antshares in 2014 before it was rebranded to NEO by its founders. Due to its usage in the payment of bills in China before the clampdown on crypto projects, many called it the Chinese Ethereum version. NEO can be traded at cryptocurrency exchanges like Binance, Kucoin, Gate.io, Bitfinex, and LBank. What is Neo (NEO)? Neo is positioned as the pioneer of the next generation of the internet. This entails the use of the cryptocurrency in the settlement of bills, payments, and the purchase of real and virtual assets. It was founded by Da Hongfei and Eric Zhang that doubles as the chairmen of the Neo Foundation. It is open-sourced and allows developers to create their projects on its blockchain which is decentralized. Let’s see the price analysis of NEO for the coming years. Neo (NEO) Price Analysis Flashback: Fundamental Analysis of Neo (NEO): Neo developers are committed to deadlines which have attracted NEO to a lot of investors. The ability to stick to deadlines is one of the ways to know rugged projects. This transparency has endeared the team to present and future developers who plan to increase the adoption of NEO irrespective of the challenge of China’s harsh policies on crypto projects. Also, the use of the Delegated Byzantine Fault Tolerance(dBFT) mechanism has given the NEO blockchain advantage over other blockchains. This is because of its capacity to process thousands of transactions in a second at a very low fee. We shall see charts in this Neo price analysis. https://www.tradingview.com/x/pUDlsjx9/ The chart above that shows the resistance and support levels of NEO/USDT. NEO price is approaching the $28.80 resistance1 level. If this happens, the price of NEO might plummet due to the formation of double tops. Hence, traders should be mindful of price actions at the key levels. https://www.tradingview.com/x/OxqmDLPp/ The Relative Strength Index of NEO/USDT is 67.23. This means that the present bullish run is a strong trend since the value lies between 50 and 70. However, short-term investors should be watchful since the value is already approaching 70. If this happens, it is overbought and the price might plummet suddenly. https://www.tradingview.com/x/6010LvIK/ Neo price is already approaching the top of the chart above. If buyer’s pressure is increased, there will be a sudden breakout. However, a relapse can lead to a bearish reversal. Now, we shall look at the price predictions of Neo for the next five years. NEO Price Prediction for 2022 The price of NEO will be at least $60 by the end of the last quarter in 2022. This is due to the recent bullish trend of NEO and its present year-to-date price of $140.37. We should expect it to break the resistance level at least $60 before the year runs out due to more inflow of investors in the market that had seen the entire cryptocurrencies market worth over $2 trillion. NEO Price Prediction for 2023 The price of NEO will trade at least $120 by the fourth quarter of 2023. This is if it is able to hold the support level at 200 moving average as the year runs. NEO Price Prediction for 2024 The price of NEO will be at least $163 by the end of December 2024. This is due to expected upgrades and partnerships in the Neo ecosystem so as to maintain its competitiveness in the market. NEO Price Prediction for 2025 The price of NEO will be $260 by the end of the last quarter of 2025. This is due to more adoption of NEO due to the inflow of more developers that uses the Neo smart contract as a result of its high speed and low cost for transactions. NEO Price Prediction for 2026 The price of NEO will be $450 by the end of the last quarter of 2026 as a result of increased market capitalization. This will be due to a positive outlook and forecast for top cryptocurrencies like Bitcoin and Ethereum since most of the markets move in the direction of the trend. We shall now look at different media houses’ price predictions for Neo. NEO Price Prediction: Market Sentiments Wallet Investor According to Wallet Investor, the price of NEO will reach $34.1 by next year and $96.1 in five years’ time. This is due to the results of the long-term forecast for the coin that gave over 308% returns in the next five years. DigitalCoin According to DigitalCoin, the price of NEO will reach $25.65 in 2022 and $64.1 in 2028. The coin is expected to rise by over 260% in the next six years according to their long-term forecast analysis. CoinQuora According to CoinQuora, the price of NEO will reach $150 in 2022 and $1000 by the year 2026. The price … Continued

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