$1.07 Billion USD—the New Figure for NEO Market Capitalization

The NEO currency (NEO) hit a new market capitalization of $1.07 billion dollars. In a 24-hour trading period between October 24 and October 25, the asset traded 1.3 % against the US dollar, which pushed its market capitalization upwards. One NEO currently costs $16.23 at the time of writing, which is drop from what it experienced the previous 48-hour period. In the last 24-hours, approximately $99.5 million USD worth of NEO exchanged hands.

NEO Currency profile

NEO currency has a total supply of 100 million coins. As of this writing, its circulating supply is 65 million NEO coins. The digital asset has a supportive community behind it, with vibrant social platforms. Enthusiasts can reach the NEO network on the following social platforms:

Where can you buy NEO?

Users can purchase on various exchanges including TDAX, CoinEgg, LBank, OKEx, Coinsuper, Coinnest, Binance, Huobi, BitForex and many more. Currently, users cannot purchase NEO currency directly using U.S. dollars. Investors and traders must first buy cryptocurrencies such as Bitcoin or Ethereum through a crypto exchange that deals in US dollars. Coinbase, GDAX, and Gemini are some of the platforms. Once bought, investors and traders can use their cryptocurrencies to purchase NEO on the said exchanges.

NEO price predictions for late 2018

The double bottom play

Price prediction charts are associated with many technical analysis terms. For instance, from TradingView’s BitcoinCompass, there is a potential double bottom for the price of NEO currency, which could push its price up between $17.7 and $19.5 towards the end of 2018 if it holds true.

If that happens, most traders will breathe a sigh of relief, even if the price was just above $17.7 recently. All the same, all indications are clear that the cryptocurrency might not hit $25 any time soon. This also implies that NEO currency might not hit a new all-time high later this year. However, the crypto space is often as unpredictable as the proverbial weather, so analysts cannot draw any conclusions now.

Slumping all the way to $3.74

With the bearish trend that dominated the crypto space in 2018, it’s clear that many people are keen on seeing everything slump even as the year draws to a close. This brings Coinkilavus theory to the scene, which predicts NEO price drop down $3.7.

This is more likely only if NEO fails to break the $21.2 mark. If the above prediction is anything to go by, it seems very many people do not expect NEO to hit that value anytime soon. Even so, NEO price coming down to $3.74 is awfully bearish. This may happen only if other key price levels hold up or fail to support the imminent onslaught that may envelop the crypto space as the year draws to a close.

Overall, predictions simply remain what they are—predictions. Most people are in crypto to make profits and so speculations form an integral part of the crypto space.

Disclaimer: This article is not a direct trading or investment guide. While carefully researched, it’s mainly for informational, educational, and entertainment purposes. Consult a financial expert before you invest in cryptocurrency.

Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.