NEO Price Analysis: NEO Price reflects power-packed performance at the onset of the month

NEO has been reflecting an extraordinary potential in the market. The coin has kept itself stable and is heading towards a power-packed month. The expectations of the coin are high. The traders are impressed by the momentum of the coin. We are quite apprehensive about the growth too.

At the beginning of the year, the coin was trading at $7. The coin is currently almost near $12. The approximate growth in the price is twice than the opening price of 2019. To understand the momentum of the coin more precisely let’s have a look at the chart.

Current Statistics of NEO:

• The price is currently trading at $11.94.
• The ROI (Return on Investment) is marked as 6499.35%.
• The 24hr volume is noted as $265,734,889.
• The market cap stands around $844,821,681.
• The circulating supply is marked as 70,538,831 NEO.
• The coin is ranked at 18th position in the crypto market.

NEO to USD Price Comparison:

The chart is taken from Trading View on 3rd August 2019, at 07:05:35 UTC, to analyze price prediction for neo.

The first day of August opened with an upsurge of 1.23%. The price counters changed from $11.75 to $11.89. There was a drop of 2.70% experienced when the price touched $11.43 from $11.75. NEO further recovered during the day from $11.44 to $11.89. Next day, the coin escalated to $11.99. But, the intraday movement registered a drop of 2.02% as the price counters changed from $11.89 to $11.65. Today, the coin again jumped and touched $12 from the price mark of $11.65, having an escalation of 2.95%. We can also see a double top shape at the price mark of $12. This indicates that the coin would further rise in the upcoming days.

NEO Price Prediction and Conclusion:

NEO is a slight volatile coin. The same add adventures for the intraday traders. The intraday investors are anticipated to earn good dividends from the coin. The currency is most likely to give a positive result to long-term investors. The coin is expected to trade around $20 to $25 by the end of 2019. However, we would suggest diverging the investment in the crypto market to cut short the risk.