In this guide, we will voice our own and market’s opinion on NEO future while discussing Neo price forecast for 2023 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Neo.
Now, let’s head into it. Before we delve deep into the Neo price prediction and answer questions if NEO is a good investment or not, why will NEO succeed or fail or why will Neo price rise or drop, let’s quickly throw a glance at what is NEO and its to date history.
What you'll learn 👉
NEO Intro
NEO is a next generation of blockchain, a smart economy platform that has had a monumental rise to fame and most know NEO for its explosive growth. You have probably heard a shabby phrase describing NEO as the “Chinese Ethereum”, pointing out similarities between the two platforms, mostly their ability to create, run and store smart contract code and decentralized apps or dApps..
NEO is a blockchain platform and cryptocurrency, which is designed to digitize assets using smart contracts, aiming to bring blockchain to the masses. NEO essentially plans to recreate real world economy into a digital, smart economy where all assets are now digital assets you can easily move, transfer, split into tiny pieces etc.
It supports common programming languages like Javascript and C++, with improvements to its technology, making it less vulnerable to hackers than Ethereum. The NEO’s goal is to become No. 1 blockchain project by 2020. Apart from the NEO cryptocurrency, NEO has one more crypto-token called GAS that is used to pay for transactions on the blockchain.
Just like how Ether is used on the Ethereum network, GAS is used on the NEO network.
By holding the NEO coin in your wallet, you earn GAS which can be used to make transactions on NEO’s blockchain.
Some of the key features of NEO are:
- Unlike most other cryptocurrencies, the 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.
- it is allegedly in good graces of Chinese governments although there was never official support nor denouncement of NEO by the Chinese authorities.
- While Ethereum allows the programmers to code only in one language — Solidity, Neo allows developers to code smart contracts using C++, C#, Go, Java, and other common programming languages.
You can read more on NEO here. Also, if you own some NEO, here is a list of best wallets you can use to store those coins.
NEO is currently hovering around the spot 20 in the cryptocurrency market, ranks are tracked and measured by respective market cap of the coins. Price of NEO has suffered huge losses in 2018 and 2019, just like the whole market itself, although NEO recorded a nice surge in November, upon the news that Chinese government plans to support and invest in blockchain technology in the future.
Captainaltcoin’s NEO Price Prediction 2021
The cryptocurrency industry has faced increased regulation in 2023, with the SEC and Department of Justice pursuing legal action against major players. This crackdown signals the end of cryptocurrency unbridled early years, as traditional financial institutions enter the market and call for clearer rules. By 2024, significant regulatory clarity is expected. The approval process for Bitcoin exchange-traded funds (ETFs) has seen multiple rejections from the SEC due to concerns over volatility, fraud, and insufficient investor protections. However, the comprehensive ETF application outlines details like custodial arrangements, liquidity, and tracking accuracy for SEC evaluation. If deemed adequate after public commentary, an ETF could be approved and listed rapidly. Several factors have fueled this crypto rebound. Most notably, Ripple Labs won a key legal victory against the SEC in June, leading to a short-lived price bounce. Renewed institutional interest has also provided a boost, with major firms like BlackRock pushing for Bitcoin ETF approval. Experts predict the SEC will decide on Bitcoin ETF applications between January 5th and 10th, 2024, potentially catalyzing industry growth. Analyst James Seyffart sees the 8th and 9th as the most likely dates for approval orders, while others estimate a 90% chance of success by the 10th. The SEC seems to have positioned applicants favorably by that deadline. Looking ahead, proposed 2024 changes like new accounting rules for crypto assets and less hawkish central bank policies could impact markets. Updated accounting standards may allow more corporate Bitcoin reserves. Meanwhile, forthcoming Treasury Department cryptocurrency tax guidelines, applying by 2025, could transform regulations around decentralized finance, NFTs, and digital wallets. 2023 has been defined by increased crypto regulation, while 2024 expectations hinge on further policy moves. ETF approvals have proven complex but present future investor opportunities if SEC concerns can be addressed. Bitcoin has more than doubled in 2023, with predictions of an impending Wall Street earthquake expected to further boost Bitcoin, Ethereum, and the broader crypto market. By passing $41,000 for the first time since April 2022, Bitcoin has climbed over 150% year-to-date. Ethereum has also grown significantly - an 85% increase since January, 2023. Several factors are driving this volatility, including potential Bitcoin ETF approvals, surging demand for tech products, and failing tech-focused banks. Specifically, speculation around the imminent approval of spot Bitcoin ETFs has fueled Bitcoin latest price surge. The majority of investors, traders, and crypto influencers are hoping that the real crypto bull run will finally commence in 2024.
NEO Price Prediction For The Next 90 Days
Below is a tabular overview of how will NEO develop in the short-term (for the next 90 days), according to our prediction model:
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Neo Price Prediction 2023
Looking at the first quarter of 2024, the cryptocurrency market shows promising signs of a potential rebound. Bitcoin’s 150% gain in 2023 and renewed institutional interest indicate positive momentum. Despite regulatory challenges, the market remains resilient, with a total capitalization of $1.6 trillion. Anticipation is high for a positive and prosperous period ahead, with experts closely monitoring market trends and institutional crypto activity, especially potential Bitcoin ETF approvals in early 2024.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of 2024:
NEO Price Prediction 2025
Our prediction model sees NEO reaching $25.53 in 2025.
What will NEO be worth in 5 years?
The price of NEO in 5 years could lie around $22.99, according to CaptainAltcoin’s prediction model.
Neo Price Prediction 2030 – 2040
What Neo will be worth in 2030?
Our forecasting model sees Neo reaching $63.83 in 2030.
What Neo will be worth in 2040?
Our forecasting model sees Neo reaching $127.66 in 2040.
Will Neo replace / surpass / overtake Bitcoin?
No, Neo will not replace or overtake BTC.
Can Neo reach $100?
Yes, Neo could reach $100 by the end of 2025.
Is Neo worth buying?
We are advocates of moderately risky investing – invest most of your crypto portfolio in BTC (50%); 35% in a basket of big cap coins and the rest in small projects with huge upside. So, in this context, Neo is worth buying.
Is Neo a good investment?
Neo is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.
How much will Neo be worth?
For the short-term future, it could reach $7.00. In the long-term (8-10 years), it could jump to $63.83 or even higher.
Why will Neo succeed and go up in price?
Neo has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that is why our prediction model sees Neo rising up to $63.83 in 2030.
Why will Neo fail and drop in price?
Crypto projects fail for various reasons. Some of the most common ones are: team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of well designed marketing strategy, losing community support, potential vulnerability in the protocol, failing to achieve anticipated minimum developement activity on the protocol, failing to attract new developers to build on their platform.
How high will Neo go?
Our forecasting model sees Neo price exploding and reaching $127.66 in a distant future.
What is the short-term prediction for Neo?
Neo will reach $7.00 in the next 90 days, which is a 43% change over the current price which hovers around $12.27.
Can Neo make you a millionaire?
Yes, if you buy large enough sum of it. Do not expect to invest $100 and become a Neo millionaire. But 100x price explosions are a common sight in crypto, so a $10k investment in Neo could make you a millionaire.
Neo Price Prediction Today - What will be the price of Neo tomorrow?
Neo will hover around $13.32 tomorrow.
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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
