Neo (NEO) Live Price, Indicators and Analysis - FXleaders
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OPEN
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HIGH
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LOW
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<% (signals.list.current.absolute).substr(0,9) %> (<% signals.list.current.percentage|toFixed:2 %>%)
TYPE Crypto
GROUP Majors
BASE Neo
SECOND
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NEO/USD Signals

DON'T WANT TO MISS ANY SIGNAL? GO PREMIUM
ACCESS ALL FX, COMMODITIES & CRYPTO SIGNALS. GO PREMIUM
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<% signal.status %>
Long Term
Entry Price
Stop Loss
Take Profit
PREMIUM
<% signal.stopLoss %> N/A
PREMIUM
<% signal.takeProfit %> N/A
PREMIUM
<% signal.comment %>
Description
<% signal.description %>
LATEST ANALYSIS
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<% item.title %>
<% item.deltaTime %>

NEO/USD Technical Analysis

Last Updated: <% indicators.interval.updated|date:'MMM d, y h:mm:ss a' %>
Market Trend
Strong Sell
Sell
Neutral
Buy
Strong Buy
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Market Sentiment

BUY: <% indicators.sentiment.buy.length %>
SELL: <% indicators.sentiment.sell.length %>
NEUTRAL: <% indicators.sentiment.neutral.length %>
Strong Sell
Sell
Neutral
Buy
Strong Buy

Trend Indicators

NAME
VALUE
ACTION
Bollinger Bands
UPPER: <% indicators.data[indicators.interval.active].bbands.value.upper %>
MIDDLE: <% indicators.data[indicators.interval.active].bbands.value.middle %>
LOWER: <% indicators.data[indicators.interval.active].bbands.value.lower %>
Sell
Buy
Parabolic SAR
<% indicators.data[indicators.interval.active].sar.value %>
Sell
Buy
Standard Deviation
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High Volatility
Low Volatility

Oscillators

NAME
VALUE
ACTION
RSI(14)
<% indicators.data[indicators.interval.active].rsi.value %>
Sell
Buy
MACD(12,26)
<% indicators.data[indicators.interval.active].macd.value %>
Buy
Sell
Neutral
ATR
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High Volatility
Low Volatility
STOCH(9,6)
<% indicators.data[indicators.interval.active].stochastics.value %>
Buy
Sell
ADX
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High Volatility
Low Volatility

Moving Averages

PERIOD
SIMPLE
EXPONENTIAL
MA5
<% indicators.data[indicators.interval.active].sma5.value %> Buy Sell
<% indicators.data[indicators.interval.active].ema5.value %> Buy Sell
MA10
<% indicators.data[indicators.interval.active].sma10.value %> Buy Sell
<% indicators.data[indicators.interval.active].ema10.value %> Buy Sell
MA20
<% indicators.data[indicators.interval.active].sma20.value %> Buy Sell
<% indicators.data[indicators.interval.active].ema20.value %> Buy Sell
MA50
<% indicators.data[indicators.interval.active].sma50.value %> Buy Sell
<% indicators.data[indicators.interval.active].ema50.value %> Buy Sell
MA100
<% indicators.data[indicators.interval.active].sma100.value %> Buy Sell
<% indicators.data[indicators.interval.active].ema100.value %> Buy Sell

Pivot

PIVOT
CLASSIC
FIBONACCI
CAMARILLA
WOODIE
S3
<% indicators.data[indicators.interval.active].pp.data.result.classic.s3 %>
<% indicators.data[indicators.interval.active].pp.data.result.fibonacci.s3 %>
<% indicators.data[indicators.interval.active].pp.data.result.camarilla.s3 %>
<% indicators.data[indicators.interval.active].pp.data.result.woodie.s3 %>
S2
<% indicators.data[indicators.interval.active].pp.data.result.classic.s2 %>
<% indicators.data[indicators.interval.active].pp.data.result.fibonacci.s2 %>
<% indicators.data[indicators.interval.active].pp.data.result.camarilla.s2 %>
<% indicators.data[indicators.interval.active].pp.data.result.woodie.s2 %>
S1
<% indicators.data[indicators.interval.active].pp.data.result.classic.s1 %>
<% indicators.data[indicators.interval.active].pp.data.result.fibonacci.s1 %>
<% indicators.data[indicators.interval.active].pp.data.result.camarilla.s1 %>
<% indicators.data[indicators.interval.active].pp.data.result.woodie.s1 %>
PP
<% indicators.data[indicators.interval.active].pp.data.result.classic.pp %>
<% indicators.data[indicators.interval.active].pp.data.result.fibonacci.pp %>
<% indicators.data[indicators.interval.active].pp.data.result.camarilla.pp %>
<% indicators.data[indicators.interval.active].pp.data.result.woodie.pp %>
R1
<% indicators.data[indicators.interval.active].pp.data.result.classic.r1 %>
<% indicators.data[indicators.interval.active].pp.data.result.classic.r1 %>
<% indicators.data[indicators.interval.active].pp.data.result.camarilla.r1 %>
<% indicators.data[indicators.interval.active].pp.data.result.woodie.r1 %>
R2
<% indicators.data[indicators.interval.active].pp.data.result.classic.r2 %>
<% indicators.data[indicators.interval.active].pp.data.result.fibonacci.r2 %>
<% indicators.data[indicators.interval.active].pp.data.result.camarilla.r2 %>
<% indicators.data[indicators.interval.active].pp.data.result.woodie.r2 %>
R3
<% indicators.data[indicators.interval.active].pp.data.result.classic.r3 %>
<% indicators.data[indicators.interval.active].pp.data.result.fibonacci.r3 %>
<% indicators.data[indicators.interval.active].pp.data.result.camarilla.r3 %>
<% indicators.data[indicators.interval.active].pp.data.result.woodie.r3 %>

About Neo (NEO)

Also known as China's answer to Ethereum, Neo (NEO) has a lot going for it and offers a promising opportunity as a crypto asset to invest in. It is ranked 30 based on market capitalization by CoinMarketCap and as of June 2021, has offered nearly 250% returns since the beginning of this year.

The NEO price had soared to an ATH of $196.85 back in January 2018 and although its current value sits well below this level, the crypto bull run which started in late 2020 and through early 2021 did catapult the Neo rate back up above the key $100 level. However, the market crash that took place in mid-May and the existing downbeat sentiment since then have been keeping it under pressure since then; although, this could be short-lived as investor interest in cryptocurrencies continues to build up despite the uncertainties and high levels of unpredictability in this space.

Like Ethereum, Neo also supports smart contracts and dApps on its network, which could offer a significant boost to it over other cryptocurrencies in the current environment where DeFi is gaining popularity. An additional bonus that it offers over the DeFi leader is that many of the transactions on its network are free while Ethereum battles challenges related to high gas fees. In addition, while China has clamped down on cryptocurrencies and crypto mining, New is backed by the Chinese government, offering more certainty and stability about its long-term prospects than others in this space.

Neo Breakdown

Neo, formerly known as AntShares, is a cryptocurrency network that operates on a POS decentralized Byzantine fault tolerant (dBFT) consensus mechanism which can support 10,000 tps. NEO is the native token on its blockchain network but it also generates GAS tokens which are used to pay for transactions on the network. The Genesis block of Neo created 100 million NEO tokens, of which half was sold during its ICO back in 2016, raising $4.65 million. The remainder of NEO tokens are locked into a smart contract, from which 15 million NEO get unlocked every year to fund long term development of the network.

The developers have the vision of Neo functioning as the foundation over which the next generation of the internet can form, one which will support a convergence of digital payments, digital identities and digital assets. The open-source blockchain platform relies on a community of developers working on adding new infrastructure and lowering barriers of entry into the Neo network. In addition, the founders have an EcoBoost offering which supports the development of dApps and smart contracts to run on the Neo blockchain.

Neo Price Prediction

Neo History

Neo was originally founded as Antshares by Da Hongfei and Erik Zhang in 2014, and the next year saw its open-source code being shared on GitHub. The whitepaper was released in September 2015 and the next notable development came in June 2017, when it was renamed as Neo. The parent company of NEO, Onchain, issued 1 ONT (Ontology) token for every 5 NEO tokens into users' wallets, which could then be used by them for voting on system upgrades, identity verification and general governance on the Neo network.

The development of the next significant upgrade, Neo 3.0 or N3, began in June 2018, with a host of features ranging from built-in oracle, on-chain governance, simplified architecture and more. The first preview of N3 was released more than a year later, in September 2019 followed by additional previews starting from April 2020 until February 2021. The Neo 3.0 testnet was launched in March 2021 while the mainnet launch is slated to take place in Q3 2021. Neo 3.0 can further drive down transaction costs on the network while raising its processing speed. In addition, the upgrade is also expected to provide support for NFTs down the line.

After the launch of N3, the team of developers is likely to work on offering cross-chain transactions that will allow other blockchains to connect to the Neo network in order to achieve greater scalability and seamless interoperability. This project has been titled as NeoX.

Neo Price Chart History

Neo Price Factors

Like almost all other cryptocurrencies, one of the key factors that dictate trends in the NEO price is the fluctuation in Bitcoin's price. As the undisputed leader of cryptocurrencies, moves in Bitcoin rate often impact the market sentiment and affect price action in most of the digital assets. However, the effect on the Neo rate may not be as severe as the changes in Bitcoin's price.

In addition, the NEO rate is also dictated by the support it receives from the Chinese government. If this changes in the future, and the government decides to change its mind about the public blockchain network, the value of the NEO token could be severely affected.

Since there is a fixed number of NEO tokens, the price of each token can vary based on demand. In case the demand for the Neo network rises due to higher rates of adoption or interest among investors, the NEO price can go up and vice versa.

With the upcoming release of Neo 3.0, the number of applications for the blockchain network will grow considerably, which could drive higher interest and adoption. Neo stands out from several of its competitors as it offers several use cases outside the financial services sector, especially in identity protection, supply chain monitoring and more. This could further increase the demand for its network and push the NEO rate higher.

Trading Neo

To start trading Neo (NEO), you need to open an account with a cryptocurrency exchange or broker that offers this as an option. Some of the popular exchanges that support trading in Neo include Binance, HitBTC, Poloniex and Bitfinex. You can then convert your trading capital from fiat currency into cryptocurrency and buy or sell NEO based on analysis of fundamental factors and price action in the Neo chart.

Before you begin trading, however, we recommend that you spend some time studying about the crypto market in general and about the Neo blockchain network and token, to get a better understanding of what can move its price. This will help you make more informed trading decisions and minimize the risk.

NEO/USD - FAQs

What is Neo?

Neo is a blockchain network similar to Ethereum, offering support for smart contracts and is often considered the Chinese Ethereum. It was founded originally as Antshares by a team of developers in China back in 2014 and was rebranded as Neo in 2017. NEO is the native token that works on this network and can be used for voting and governance of the Neo blockchain.

How can I trade Neo?

You can trade Neo by opening an account with a cryptocurrency exchange that lists the token among their offerings. Once you have opened your account, you can convert your trading capital from fiat into cryptocurrency and then use it to buy or sell NEO based on careful analysis of its price movement. You can also trade NEO by signing up with a reliable broker who supports trading in this token.

How can I store Neo?

Your NEO tokens can be stored in a crypto wallet or within the exchange, although they are not very secure on the exchange. Neo offers its very own set of wallets, including desktop wallets Neo-GUI and Neo-CLI and mobile wallet NeoLine. You can also use other popular wallets such as the Ledger Nano X, Atomic, Ledger Nano S, Coinomi and NEO Tracker. Consider using a hardware wallet if you require higher levels of security. On the other hand, a web wallet can let you access your NEO holdings from any device, on the go.

What can you buy with Neo?

At the moment, NEO cannot be used outside of the Neo blockchain and can only be used within this ecosystem for making transactions and for staking and governance purposes. On cryptocurrency exchanges, you can trade NEO against other cryptocurrencies by buying and selling them with your NEO tokens.

Is it legal to buy Neo?

Most countries around the world allow users to buy and sell cryptocurrencies. However, there are some countries where holding and trading in cryptocurrencies is banned. It is recommended that you perform an in-depth research into your respective country’s regulations towards cryptocurrencies before buying NEO.

Is Neo regulated in the UK?

The UK, like most other countries worldwide, is yet to roll out formal regulations to govern the crypto space, but financial authorities have called for greater scrutiny owing to the highly volatile nature of cryptocurrencies. Furthermore, the FCA has banned the use of cryptocurrencies for money laundering purposes.

What are the risks in trading Neo?

As we mentioned above, cryptocurrencies in general are highly volatile and moves in the market can be sudden, especially due to a lack of regulation by financial authorities. As a result, it is wise to spend some time understanding how cryptocurrencies function and what moves the market before investing in and starting to trade NEO or other cryptocurrencies. It is also useful to gain a deeper understanding of the developments and upgrades the team behind the blockchain is working on, as they have a significant impact in driving the NEO price higher or lower.