What is NEO?
NEO is a blockchain platform founded by Da HongFei and Erik Zhang in Shanghai in 2014. Formerly named Antshares, it underwent rebranding in 2017, the new name — NEO — symbolizes a “smart economy”. The NEO network was made to utilize blockchain technology and smart contracts and help its users manage their digital assets. NEO is open-source, the users being able to change and distribute the software freely.
How Does NEO Work?
The NEO Network uses the dBFT (decentralized Byzantine fault-tolerant) consensus mechanism. The nodes need to be centrally approved, and the amount of supported transactions can be up to 10000 per second. There are two tokens in the NEO network: NEO token and GAS token (which is in turn generated by NEO token). While NEO coin is non-divisible, GAS coin can be used as a mean of payment for transaction fees. There is an algorithm that controls the inflation of GAS coin.
History Of NEO Coin and GAS Coin Price
Upon its rebranding launch in September 2017, NEO coin price was approximately $22.6, skyrocketing in December and reaching its all-time peak in January 2018. The maximum price of NEO coin was almost $150. The lowest point of NEO coin was in December 2018: the all-time minimum price was $5.66. GAS coin, in turn, was launched in November 2017 with the initial price of $21.62, and, similarly to NEO coin, grew in price over the course of the following months, the peak price being almost $59.6 in January 2018. The all-time lowest price of GAS coin is $1.14, which was in September 2019. As of now (November 2019), the prices of NEO and GAS tokens are $11.24 and $1.58 respectively.
Neo Coin Price Prediction 2019
Atomic Wallet quotes Tom Lee, a Wall Street analyst, who claims NEO Coin might reach $225 per token by the end of the year. Walletinvestor.com doesn’t sound as optimistic, yet the prognosis is promising, claiming NEO Coin is going to be growing in price over the course of the rest of the year. Fxstreet.com states that NEO Coin is on its “recovery track”, growing after its previous downfall.
Neo Coin Price Prediction 2020
As for the upcoming year, the forecast remains positive. Walletinvestor.com predicts NEO Coin to reach $35.75 per one in a year, making it a significant growth compared to today’s $11.24. Some resources are even going as far as to claim that NEO Coin becomes one of the world’s top-5 cryptos in 2020, the price reaching $275 per coin.
Neo Coin Price Prediction 2021-2025
The prognosis for the future stays optimistic: the diagrams provided by walletinvestor.com are showing that by November 2021, NEO Coin might grow in price up to 430%, the possible price in 5 years being $133.71.
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*This price prediction is based on the data collected from various sources. The information presented in this article should not be considered as any sort of investing advice and the reader should do their own research before taking any actions.