In this article we will discuss about upcoming NEO 3.0 Launch, and Neo price prediction in near future.
NEO, Commonly known as “Chinese ethereum” is going through an important transition from NEO 2.0 to NEO 3.0 to achieve higher scalablity and transaction speed. NEO Blockchain’s Cryptocurrency – Neo is one of top 20 Cryptocurrency by Market cap according to Coinmarketcap. Neo is currently trading at 14.8$, witnessed 80% price growth in last 30 Days.
Price History
NEO formely known as Antshares conducted an ICO in 2015, It is one of the top 5 Price gainer since ICO by recording over 28000% growth against dollar. NEO outperfomed Bitcoin in 2017 Bull run by recording over 8500% gain. NEO’s price saw a huge drop in 2018-19 when price corrected by 97%.
ALL Time Low Price: 5.55$
ALL Time High Price: 198$
What is NEO 3.0
On 10 July 2018, the NEO development team released a blog post outlining changes and upgrades planned for the blockchain. Having launched their testnet, the long awaited project is set to be implemented in 2020.
NEO 3.0 upgrade will increase the transcation speed of NEO Blockchain network, and it will solve the scalability issues which NEO 2.0 is currently facing. The purpose of this major upgrade is to make NEO Blockchain ready for mass enterprise and commerical usages.
NEO being the oldest blockchain project from china, could benefit the most from the Chinese goverment blockchain intiative which they announced in Q3, Last year.
NEO released a monthly report last week which covers Recent development updates.
NEO is currently running NEO 3.0 on testnets, and they are planning to launch mainnet before June end this year. Before the Launch, All data and transactions records will be migrated to new network. Token holders will also need to swap tokens on the new network after Mainnet launch.
NEO 3.0 is going to be one of the most important developments of NEO Foundation’s history.
Coinmarketcal have listed 10 upcoming events including Mainnet launch which you can check out here.
For more details about NEO 3.0, Check out-
Everything you need to know about NEO 3.0 Launch
NEO Price Analysis
NEOBTC – Daily Analysis
Current Price- 0.001477 BTC
Support Levels- 0.001164 BTC and 0.001384 BTC
Resistance Levels- 0.00172 BTC, 0.00215 and 0.00271 BTC
Moving averages- Trading above 50,100 and 200MA
Technical Pattern- Recently broke out from Bullish Penant.
FIB Level Targets- 0.001744 BTC, 0.0021 and 0.0024 BTC
Other Indicators- MACD is bullish.
NEOBTC- Weekly Analysis
Current Price- 0.001477 BTC
Support Levels- 0.001283 BTC and 0.001422 BTC
Resistance Levels- 0.001618 BTC, 0.0020 and 0.002387 BTC
Moving averages- Trading above 50MA, It should act as support now.
Technical Pattern- Recently broke out from Bullish Penant.
FIB Level Targets- 0.001744 BTC, 0.0021 and 0.0024 BTC
Other Indicators- MACD is bullish.
NEOUSD – Daily Analysis
Current Price- 15.05$
Support Levels- 12.41$ and 13.68$
Resistance Levels- 19.50$, 24.49$ and 30$
Moving averages- Trading above 50MA 100 MA and 200MA.
Technical Pattern- Golden cross formation – 50MA and 100,200MA.
FIB Level Targets- 17.45$, 23.58$ and 29.7$
Other Indicators- MACD is bullish.
NEOUSD – Weekly Analysis
Current Price- 15.05$
Support Levels- 12.03$ and 14.19$
Resistance Levels- 17.42$, 19.68$ and 26.25$
Moving averages- Trading above 50MA, 50MA is acting as support.
Technical Pattern- Price is moving in an uptrend channel.
FIB Level Targets- 17.45$, 23.58$ and 29.7$
Other Indicators- MACD is bullish.
Trade Signal
NEOUSD – Trade with upto 50x leverage
Entries: 10-15$
Exit: 30-40$
STOP: 7$
Timeframe: 4-8 weeks
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Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.
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