NEO Price Analysis 2019-20-25 — How Much Might NEO Cost?

  • Denys Serhiichuk
    📚 WikiCoin

    One can make a profit on the crypto market not only with Bitcoin or Ethereum. There are many popular altcoins which are worth your attention. NEO – or “Chinese Ethereum” – is an example of such cryptocurrency. This article will help you to understand the future plans of the team regarding the development of this asset and predict its rate within the next years.


NEO Price Analysis 2019-20-25 — How Much Might NEO Cost?

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

Today's cryptocurrency market is filled with various projects. It is difficult to find a coin suitable for investment. NEO cryptocurrency is just one of the few crypto-projects that have prospects for further growth and increase in the size of its capitalization. By the end of 2019, this digital asset is able to enter the top 5 coins.

NEO logo
Image by pexels

A bit of history

NEO was officially released on the market in mid-October 2016. Initially, this project was called Antshares, but later it underwent a rebranding, receiving the current name.

The creator of the coin NEO is the Chinese company Onchain, which is engaged in the creation of new technical solutions based on blockchain technology. The development team consists of 15 people. Most of this team is focused on developing and improving the cryptocurrency marketing strategy. For this reason, the project demonstrates good growth and user expansion.

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Advantages

While analyzing NEO, it is impossible not to mention a number of its inherent advantages distinguishing this coin from other similar digital assets.

The advantages of the cryptocurrency NEO include the following features:

  • Use of a unique proprietary virtual machine.

  • Full implementation of the quick launch of smart-contracts to conduct secure transactions.

  • High-performance throughput of the crypto network.

  • Using the enhanced dBFT software protocol ensures a high level of reliability and stability.

  • A simplified system of drafting smart-contracts.

  • No commission fees. When conducting transactions, user fees are charged in the form of GAS.

  • NEO mining occurs in a passive way, so it does not depend on the technical capacity of the miner's equipment. The extraction of the crypto is carried out automatically, so there is no sense in mining this asset within the cryptocurrency pool.

The listed advantages of the project will help it to maintain a high rate of development and expansion of the user audience. If its creators take further steps to introduce a more advanced marketing program, NEO is expected to succeed and become one of the largest digital cryptocurrency assets soon.

Disadvantages

Like any other coin, NEO has some cons.

The main negative aspects of this currency are not its technical problems, but organizational ones. Therefore, the disadvantages of NEO include:

  • Inadequate implementation of crypto network decentralization. At its core, NEO operates on the basis of a private blockchain, because the entire crypto network is under the complete control of the Onchain company.

  • Lack of complete anonymity. Despite the efforts made by the creators of the coin, they still failed to implement advanced software mechanisms that ensure absolute confidentiality of users and transactions.

The cons are related to the fact that the creators of cryptocurrency initially aimed at working closely with representatives of the official government of China. For this reason, it is difficult to talk about the possibility of the future implementation of full decentralization and the introduction of more advanced solutions that ensure anonymity within the crypto network.

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Rate fluctuations

After the rebranding, the cryptocurrency showed a sharp exchange rate jump, which allowed it to attract the attention of many market players and investors.

The rate quotes for the entire time of this crypto have repeatedly changed from zero to a maximum value of $48 for one coin.

The maximum NEO rate was reached on both January 15 and 30, 2018, and amounted to $162.

NEO chart

At the end of November 2018, the NEO rate dropped to $7, but now it is beginning to grow and fluctuates around $9, which is a great result for such a young project.

NEO Price Prediction 2019

According to analysts of the cryptocurrency market, the prospects for NEO cryptocurrency in 2019 are promising. This is not surprising, because the coin shows steady indicators of exchange rate growth and an increase in the number of active users.

Inside the crypto community, many experts have long called NEO the Chinese equivalent of Ethereum. Such a comparison is true because these two currencies provide users with similar functionality, as well as a high level of security of transactions.

One of the factors ensuring the success of this project is its focus on the Chinese market, which is the largest in the world. In this case, it is worth mentioning the beginning of the collaboration of NEO founders with the Chinese government, who are ready to support financially all the undertakings of the project if the developers comply with requirements of the country.

At the moment, NEO is among the top twenty cryptocurrency leaders and demonstrates a fairly good price increase per coin. The range of fluctuations, as with any cryptocurrency, is quite wide, but overall, the NEO rate is around $7-9 per 1 token. The average level in the current year is supposed to reach 20-30 dollars. However, there is no single opinion among experts. In general, for 2019, growth is expected to reach $100 and above.

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NEO Price Prediction 2020 and beyond

As with any cryptocurrency, it is quite difficult to predict anything for NEO. The platform remained stable, despite a number of troubles that plagued it, but at the same time, its rate dropped 4 times in 2018 (although the rate of the well-known Bitcoin also changed significantly from almost $20,000 to the current value of $4,000).

Some experts are very optimistic about NEO and predict its growth to get to $200 or even $300.

Is it worth buying NEO now?

Before investing in a crypto asset, it is important to familiarize yourself with its structure, as well as to find out who is behind it. Of course, if a project was developed by a serious company with many investors, then it will be more credible. If we talk specifically about NEO, then it belongs to the category of serious currencies, because its development is supported by the leadership of China. In addition, the developers of this currency have entered into formal cooperation agreements with companies such as Microsoft and Alibaba.

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About the author

Being a passionate blockchain enthusiast Denys has a vast experience in сryptocurrency market analysis, as well as blockchain related projects. All this is backed up by his working at W12 platform, Platinum Listing & ICO Advisory company, Export.Online and many others.

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2019 Tron (TRX) Price Analysis and Forecast for 2020 [Key Levels & Trends]


2019 Tron (TRX) Price Analysis and Forecast for 2020 [Key Levels & Trends]
Contents

At first glance, cryptocurrency Tron doesn’t have the task of changing the world we know. But the idea of ​​TRX has enough interest to live — creating a decentralized environment in which users can make and host entertainment content. And, it would seem, the concept sounds twofold, but for almost 2 years now Tron has been living and developing. And what awaits the crypto next? Let's see!

TRX coin

The main coin of Tron — TRX, the total issue of which is 100 billion coins. At present, the capitalization of the altcoin is $2.2 billion. With this indicator, Tron takes the 12th place in the crypto market. More tokens will not be released, one and most of the existing ones are in the hands of Tron developers. This fact raises some doubts in crypto holders ranks. However, Tron has qualitative differences from many cryptocurrencies:

  • Scalability.

  • High bandwidth.

  • Availability.

  • Justin Sun.

On the last character, we should put special emphasis. Justin Sun is Tron’s founder and an important figure in the crypto investing world. It’s impossible not to note the marketing ability of Sun, who skillfully promotes Tron in all imaginable and unthinkable ways. We will talk about them separately.

In general, investing in Tron seems like a pretty promising path today. Consider historical price changes, analysis and the impact of other sources on the TRX rate.

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Historical changes in the price of Tron

Analysis and forecast of TRX price should start with a look at the historical data. Tron is a fairly young cryptocurrency, created at the end of 2017, and the network itself was launched only in the middle of 2018. Tron price in the background of all events changed as follows:

  1. At the time of creation, at the ICO stage, the price was $0.002.

  2. After the token release, the price rose to $0.05 in December 2017.

  3. The historical maximum was reached at the beginning of January 2018 and amounted to $0.25 for 1 Tron coin.

  4. After a while, the price dropped to a value of $0.03-0.04.

  5. In early May, after the network launch, the price soared to a mark of $0.08, followed by a prolonged fall.

  6. The minimal Tron price was fixed in December 2018, then the coin is worth $0.011.

Today, after two phases of growth, Tron is trading in the region of $0.033 for one TRX token. The growth of an investing crypto asset cannot be called explosive, but a positive movement is can be observed.

News background

In Tron’s case, the most important thing is playing the news background. Justin Sun is trying in every way to create hype around his brainchild. One of these steps is to purchase the right to dine with the investing legend — Warren Buffett. Sun gave $4.5 million for this opportunity. Even this news increased the price of his crypto.

Later in the summer of 2019, the SUN Network is scheduled to launch, news about which is already actively appearing in many sources. It’s worth noting also one of the latest popular news from Tron. TRX will become the official cryptocurrency to pay at IEOs on the Latoken platform, which should qualitatively affect the liquidity and Tron price.

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Tron analysis and forecast from experts

Tron, like many altcoins, is not explosively popular with experts. Forecasts and analyses collect hundreds, but not thousands of views. However, almost every day you can find interesting thoughts and forecasts about the future of Tron. Here are some of them.

The user Cryptotrader_123 believes that the TRX chart is bullish and predicts explosive growth after the pattern is completed. Following its trend line, growth will continue, but a correction is possible in the near future. However, step by step, Tron will take its own.

TRX price forecast by Cryptotrader_123
Image by TradingView

According to user the_booty analysis, investing in Tron can be good in marked areas. The user advises to open long positions and keep the crypto. To a greater extent, he predicts an increase in the price of Tron, but key levels in the situation with a fall are also noted.

Tron price analysis by the_booty
Image by TradingView

User SajjadMazroei built his analysis on triangles. In his opinion, a small one appears inside the bigger one. He predicts such developments in the coming months:

  1. If the small triangle is broken down, the price may drop to $0.026, but then recover to $0.031.

  2. If TRX breaks up, we can expect a price of $0.04.

  3. And if the movement is really strong, then it’s possible to conquer the height of $0.055.

Analysis of TRX charts by SajjadMazroei
Image by TradingView

We remind you that these are just opinions and you need to understand everything yourself.

Tron price forecast for 2020

We have our own thoughts and forecasts for Tron’s price for the second half of 2019. The technical characteristics of Tron are quite controversial. Oscillator analysis indicates the need to sell existing assets while moving averages indicate a strong buy. We believe that the truth is somewhere in the middle. Both price reduction and growth are possible.

Analysis of Tron price charts
Image by TradingView

We predict that the decisive factor will be the full launch of SUN Network, which is scheduled for August 10. The upgrade involves solving many problems with the scalability, bandwidth and protection level of dApps.

Analysis of the trend line shows that it is ascending, so you should not expect a noticeable decline in the price of Tron. Before the launch of SUN Network, the price is unlikely to surpass the $0.04 mark, but it’s not worth waiting for a fall below the $0.029 mark.

Any dramatic changes will be caused by the movement of Bitcoin and the mood in the crypto market. Tron isn’t an exception, it’s also dependent on the movements of BTC, like any other altcoin. With a positive scenario, it’s possible to predict that by the end of 2019 the price of TRX will reach $0.05. Growth beyond this mark is possible but unlikely. The bottom price is unlikely to be below $0.022, that is, in the worst case, roll back to the values of 2018.

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Conclusion

As an investing crypto asset, Tron seems pretty promising. The probability of losing money by investing in it is insignificant, but the altcoin may not bring much profit. We hope our forecast will help you make the right decision. Last piece of advice — follow the news around Tron, as it is the most important factor.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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