NEO, often referred to as the Chinese Ethereum, has been garnering attention with various key developments. Touted for its potential to redefine the blockchain landscape, NEO has made partnerships, such as with Skynet and GoPlus to enhance AI-powered blockchain technology and crypto transfer security, respectively. The coin has reported success with periods of impressive growth like when
BTC topped $60K and NEO soared by 13%. An analysis of its price reveals a creation of three higher lows, indicating a potential for a 35% rally.
Yet, doubts remain given its struggle to flip major resistance at $10, and conservative price predictions for 2025 expect modest gains but not all-time highs. Crypto titans have made a comeback, and NEO, termed as a 'blast from the past', has outperformed others when the crypto markets rebounded from a crash.
Moreover,
Carrot Swap launched a stablecoin backed by USDC and USDT on Neo X and
Binance Futures offered up to 75% leverage perpetual contracts for NEO, amongst others. Regulatory factions have also had its effect on NEO, as was evident when China's BSN gave the green light to the project over its NFT marketplaces. However, controversy arose when NEO was observed to be funding Swedish Neo-Nazis, as revealed by a blockchain investigation.
Platforms such as Coinbase have extended support to NEO, fuelling speculations of rallying prices. Using NEO has also been simplified, demonstrated when guides were created for utilizing NEO on Ledger Nano S. Overall, it's a mixed bag for NEO with promising developments yet numerous challenges.
NEO Coin News Analytics from Thu, 27 Jun 2013 07:00:00 GMT to Thu, 17 Oct 2024 07:00:00 GMT -
Rating 5
- Innovation 7
- Information 9
- Rumor 6
