The cryptocurrency market is going through another massive daily drop on the third day of December despite the fact that the positive trends were set as dominant for the past couple of days.
On December 3rd, we can see NEO dropping against the fiat by over -4%, trading at the price of 7.79$. Despite the latest decline, NEO is still showing a positive return on its weekly chart, going up by 1.56%.
On November 5th, NEO was worth around 16$ per one unit but has ever since lost over 50% of its value even with the gains that the crypto managed to collect during the last seven days.
In a rather unstable market, is there a chance that NEO will take recovery or will there be more drops for the crypto?
NEO (NEO) Price Prediction for 2018
NEO entered November at the price of around 15$, gaining enough momentum in the first week of November to get to the price of 16$ by November 5th.
However, NEO soon dipped to mark new lows, currently traded at the price under 8$, which means that the crypto has lost over -50% of its value in the course of the last month.
At the same time, the cryptocurrency market entered another daily dip on December 3rd that might take a downward turn further from this point, which means that there is a potential that the market still won’t be able to get rid of frequently visiting negative trends.
(NEO) NEO Price Today – NEO / USD
Price 24H (%) -3.37%
NEO is still marking around 1.50% of positive gains on its weekly chart, although the crypto is losing over -97% of its value since making its all-time high of 198$ back in January.
In case the negative trends prevail, NEO will probably end the year at the price of 10$ as its maximum price and 4$ as its potential new low.
In a more enthusiastic prediction for the end of 2018, NEO will get a chance to end the year at the value of 20$ and up.
NEO (NEO) Price Prediction for 2019
If 2019 would bring more bear trends, much as 2018 did to the cryptocurrency market starting in February, NEO alongside its crypto peers will have a difficult time with trying to get to a rebound stage.
Best case scenario indicates that NEO will still be able to touch the lowest of 50$ and get to the highest price of over 100$, however, the more realistic forecast states that NEO will get to the minimum price of 3$ and would have a hard time going up over 4$ by the end of 2019.
NEO (NEO) Price Prediction for 2020
Based on the market trend analysis, 2020 is said to be more benevolent than the two years before to the cryptocurrency market, however, NEO might still have some troubles with going above the value of 10$.
More optimistic prediction indicate that NEO will enter the year at the low of over 70$ and end it at 136$ per one unit.
NEO (NEO) Price Prediction for 2025
In case NEO manages to attract enough Dapp developers to the network, that way increasing the adoption of NEO currency and well as NEO technology, the crypto could make room for revisiting its old all-time high.
Six years from now, NEO might acquire enough momentum through technical success, which could potentially bring the crypto up against the fiat and towards getting past the value of 200$.