NEO Price Prediction 2025: Modest Gains Ahead Without All-Time Highs
What's next for NEO?
Key Takeaways
- NEO, originally called AntShares, has been operating since 2014.
- The NEO price reached its all-time high in 2018 and has fallen since.
- Our predictions suggest that NEO’s price could reach $29.30 next year.
Despite its name, NEO is one of the longest-serving blockchains. The system, founded in 2014 and rebranded to its current name in 2017, has served investors relatively well without ever doing anything spectacular.
Recently, though, NEO’s native coin, which came onto the open market in 2016, has been experiencing some downturn in the wake of the June 2023 market crash.
However, in October last year, NEO announced that it was launching a new sidechain. This news took place as the market went up, taking NEO with it.
NEO had a positive 2023 but went on a rollercoaster in early 2024 and has nearly returned to its price at the beginning of the year. On Oct. 17, 2024, NEO was worth about $10.40.
Let’s now take a look at our price predictions for NEO, made on Oct. 17, 2024. We will also examine the NEO price history and talk a little about what it is and does.
NEO Price Prediction
Here are the NEO price predictions from CCN on Oct. 17, 2024. It is important to remember that price forecasts, especially for something as potentially volatile as crypto, are often wrong.
The predictions will be made using the wave count method. We will add and subtract 20% to the final target to arrive at our minimum and maximum NEO price predictions.
| Minimum NEO Price Prediction | Average NEO Price Prediction | Maximum NEO Price Prediction | |
|---|---|---|---|
| 2024 | $11.30 | $14.10 | $16.90 |
| 2025 | $19.70 | $24.50 | $29.30 |
| 2030 | $21.60 | $27 | $48 |
The most likely wave count suggests that NEO started an A-B-C corrective structure in early 2023. If so, it is currently in wave C.
Giving wave C the same magnitude and duration as wave C leads to a high of $24.61 in January 2025.
During this projected upward movement, the wave count method gives a NEO price prediction of $14.10 and $24.50 for the end of 2024 and 2025, respectively.
Finally, we use the daily rate of increase for the past two years to predict the NEO price at the end of 2030. In the past two years, NEO has increased by 41%, for a daily rate of increase of 0.06%.
Projecting this increase to the end of 2030 leads to a NEO price prediction of $27. Adding and removing 20% to this target gives our minimum and maximum NEO price predictions.
NEO Price Prediction 2024
Our wave count method predicts an NEO price range between $11.30 and $16.90 by the end of 2024.
NEO Price Prediction 2025
Our wave count method predicts an NEO price range between $19.70 and $29.30 by the end of 2025.
NEO Price Prediction for 2030
We use the daily rate of increase to make a NEO price prediction for the end of 2030, arriving at a target range of $21.6 and $32.4
NEO Price Analysis
The shorter-term daily time frame suggests that a NEO price breakout is likely. This is because of the price action and indicator readings.
The price action shows that NEO has created several higher lows alongside an ascending support trend line since Aug. 5. Combined with the minor resistance at $10.90, the trend line creates an ascending triangle, considered a bullish pattern.
Moreover, the daily RSI and MACD are both increasing and above 50 and 0, respectively. So, a breakout from the triangle is the most likely future outlook.
A breakout that travels the entire triangle’s height will take the NEO price just above $14.
This would reach the long-term resistance from the weekly time frame and the 0.382 Fibonacci retracement resistance of the entire downward movement.
So, while a short-term breakout is likely, the long-term trend depends on the reaction once NEO reaches the $14 level.
Short-Term NEO Price Prediction
The NEO price prediction for the next 24 hours is bullish. If the price breaks out from its ascending triangle pattern, it can accelerate its increase to the long-term resistance at $14.
NEO Relative Strength Index (RSI): Is NEO Overbought or Oversold?
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and below 30 show over and undervaluation, respectively.
Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On July 24, 2024, NEO’s RSI was at 44, showing a bearish trend.
NEO Average True Range (ATR): NEO Volatility
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days. A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility.
On July 24, the NEO ATR was 0.194, a sign of relatively low volatility. The indicator has fallen since 2021. Divided by the $11.74 NEO price, the ATR is 0.25.
NEO and the CCN Index
The CCN Index uses a range of indicators to measure a cryptocurrency’s price momentum. On Oct. 17, 2024, NEO scored 41.6 on the CCN Index, suggesting relatively weak momentum.
Best Days and Months to Buy NEO
We examined the NEO price history and found the lowest prices on certain days, months, quarters, and even weeks in the year, indicating the best times to buy NEO.
| Time to Buy NEO | Days, Weeks, Months and Quarters |
|---|---|
| Best Day | Sunday |
| Best Week | 33 |
| Best Month | June |
| Best Quarter | Second |
NEO Price Performance Comparison
NEO is a Proof-of-Stake smart contracts platform, so let’s compare it with similar projects.
NEO Price History
Let’s now examine the NEO price history. While past performance should never be taken as an indicator of future results, knowing what the coin has achieved can provide us with some very useful context if we want to make or interpret a NEO price prediction.
| Period | NEO Price |
|---|---|
| Last Week (Oct. 10, 2024) | $10.34 |
| Last Month (Sept. 17 2024) | $9.51 |
| Three Months Ago (July 17 2024) | $11.98 |
| Last Year (July 24, 2023) | $8.66 |
| Five Years Ago (July 24, 2019) | $7.06 |
| Launch Price (Sept. 10, 2016) | $0.5585 |
| All-Time High (Jan. 15, 2018) | $196.85 |
| All-Time Low (Oct. 21, 2016) | $0.07229 |
NEO Market Capitalization
The market capitalization, or market cap, is the sum of the total number of NEO in circulation multiplied by its price. On July 24, 2024, NEO’s market cap was $734 million, making it the 92nd-largest crypto by that metric.
Who Owns the Most NEO?
On Oct. 17, 2024, one wallet held nearly 40% of NEO’s supply.
Richest NEO Wallet Addresses
On Oct. 17, 2024, the five wallets with the most NEO were
- ANeo2toNeo3MigrationAddressxwPB2Hz. This wallet held 37,768,679 NEO or 37.77% of the supply.
- AQVh2pG732YvtNaxEGkQUei3YA4cvo7d2i. This wallet held 27,800,304 NEO or 27.8% of the supply.
- Ae2d6qj91YL3LVUMkza7WQsaTYjzjHm4z1. This wallet held 9,762,322 NEO or 9.76% of the supply.
- AZhafj46oNu6gn5CxRkdWVb7cDQF6okkL6. This wallet held 4,790,101 NEO or 4.79% of the supply.
- AYSQMLw3PpFuKGarsUWesfmgRjkSQ6cxkt. This wallet held 4,653,705 NEO or 4.65% of the supply.
NEO Supply and Distribution
| Supply and distribution | Figures |
|---|---|
| Maximum Supply | 100,000,000 |
| Circulating supply as of Oct. 17, 2024 | 70,538,831 (70.54% of maximum supply) |
| Holder distribution | The top 10 holders owned 88.77% of the maximum supply |
From the Whitepaper
In its technical documentation or whitepaper , NEO says, “Neo is a distributed network which utilizes blockchain technology and digital identity to digitize assets and automate the management of digital assets using smart contracts. Neo network has two tokens, NEO representing the right to manage Neo blockchain and GAS representing the right to use the Neo Blockchain.”
NEO Explained
The NEO platform is one of many crypto blockchains. It was founded in China in 2014 under the name AntShares.
The system aims to host various decentralized applications (dApps). These operate using smart contracts, computer programs that automatically execute once certain conditions are met.
Two native tokens support NEO, the eponymous NEO coin, which came out in 2016, and the GAS token.
How NEO Works
NEO uses a form of Proof-of-Stake (PoS) consensus mechanism. This means that people are chosen to add blocks to the blockchain and verify transactions based on how much NEO they hold.
NEO coin holders can vote on network changes. Meanwhile, GAS, as its name implies, pays for transactions on the blockchain.
People can also buy, sell, and trade NEO on crypto exchanges.
Is NEO a Good Investment?
It is hard to say. NEO is perhaps best described as a stalwart of the crypto world. It has never done anything spectacularly interesting, but it is solid, stable, dependable, and well-established.
Potential investors may want to know what NEO can do to stand out and attract new customers. If it does this, it could reach new levels and climb up a division.
As always with crypto, you should do your research before deciding whether or not to invest in NEO.
Will NEO go up or down?
No one can tell right now. While the NEO crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.
Should I invest in NEO?
Before you decide whether or not to invest in NEO, you will have to do your research, not only on NEO, but on other similar coins and tokens. Either way, you must also ensure you never invest more money than you can afford to lose.
Technical analysis by Valdrin Tahiri.
FAQs
Will NEO reach $100?
Our NEO price predictions imply that NEO will not reach $100 in the near future but might hit $48 in 2030.
What is NEO used for?
NEO coin holders can vote on changes to the NEO blockchain. People can also buy, sell, and trade NEO on exchanges.
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