Da Hongfei, the Founder and CEO of NEO, was interviewed recently and asked about the future of crypto decentralization at RT Boom Bust. He was quite confident in his discussions and stated a few philosophies that he believes in. He also talked about this expansion channel in the US and will contribute to the potential of changing the internet centralization through public blockchain networking.
But, it is up to users if they believe in the current structure of NEO and whether or not it will bring profits to the pockets of the investors. Let’s see what the price analysis has to quote on the same.
Price Analysis of NEO on 7th June 2019:
At 8:27 UTC, the value of NEO is trading at $11.88. The Return of Investment is calculated to be 6431% with market ranking at position number 19. The 24-hour volume of NEO is 507,516,115 USD with market cap standing at 836,093,000 USD respectively. The supply circulating in the market is 70,538,831 NEO out of the total supply of 100,000,000 NEO.
Neo Price Comparison:
Year till date analysis:
The lowest of the year was realized on 7th Feb with value at $6.95. The value is, however, increased by 70% since then. This means that the market is bullish for the investors to wish to capitalize NEO portfolio. The highest of the year was realized on 2nd June at $14.13. The value might have dropped by -15%, but investors aren’t losing too much out of the same.
One Month Analysis:
The lowest was trading on 10th May by value $8.39 and highest on 30th May with value trading at $14.80 The market is increased by 42% from the lowest and dropped by -19% from the highest respectively.
Neo Price Predictions and Conclusion:
The market seems to be a move towards upward surge as of now until and unless there is news shaking the market. But to play safer, it is advised to regulate between the resistance and support level. The market is bullish right now inviting attention from more and more traders, So, keep investing and trading! Make sure not to bid too high or low. Otherwise you might have to lose too much!
Author: Roxanne Williams