NEO is a cryptocurrency created on the NEO blockchain platform whose transaction takes place from one peer to another after being verified by different nodes running the network .There is no centralized organization in the transaction of the NEO coin thus making it a decentralized asset. As a native cryptocurrency of the NEO blockchain platform, NEO coin can be used to create and issue tokens of different Dapps created on the NEO platform . NEO coin can also enable different NEO users or developers of different Dapps to hold their NEO coin so that those coins secure the network as well as validate transaction taking place on the NEO platform thus in return they receive reward in form of NEO gas paid by different Dapps .NEO coin projected was started and launched in 2014 as Antshare by Erik Zhang and  Da Hongfei but later came to change its name to NEO. NEO coin has a total maximum supply of 100 million coins. NEO coin conducted its ICO in 2016 at a price of $0.2 per NEO coin. Since then, its price has been tremendously increasing over time due to increase in its mass adoption. Towards the beginning of 2018, NEO coin price was able to go as high as $198 but later drop to $5 towards the end of 2018. Towards the beginning of 2019, its price then started rising again and managed to reach as high as $20. Currently, its price is trading at the range of $10. Its future price analysis can further be explained as follows;

  Factors to consider the  price movement of  NEO coin

NEO future price movement can be considered using several factors like NEO liquidity, Dapps built on its NEO blockchain platform, consensus used  and technical analysis by traders.These factors can be further explained as follows;  

1.    NEO liquidity

As a liquidity,its usage in different platform is being considered . The most commonly platform should be its listing in several exchanges. The more its listing on several exchanges the more it has huge number of community members exchanging it in terms of other cryptocurrencies like bitcoin thus the more stability of its price. On the other hand, the less its listing on several exchanges the less its community members thus the more its volatility. NEO coin can therefore be considered to be more stable and less volatile since it is being listed on several exchanges as follow;

https://www.binance.com/en 

https://www.bitfinex.com/ 

 https://www.hbg.com/en-us/

https://global.bittrex.com/ 

 https://bitsdaq.com/

 https://big.one/

https://www.hbg.com/en-us/ 

 https://www.gate.io/

https://www.bitfinex.com/ 

  https://bitmax.io/#/home 

 https://pro.coinbase.com/

https://www.kraken.com/en-us 

 https://upbit.com/

Based on its liquidity from several list of exchanges above, NEO coin future market price can be predicted for its bullish and bearish market as follows;

 

NEO bullish condition  

Being much more liquidity of being listed on several exchanges from above, NEO current price is $10.61 . If more exchanges will continue to list NEO coin in their trading platform, this will make NEO coin to become inefficient in its blockchain platform since it will be circulating in several exchanges thus causing its price to increase further. Different developers from different countries developing their Dapps on the NEO platform will have an easy time to transfer their NEO coin earning from the NEO platform to their favorite exchange platform where they will be able to exchange it to their favorite cryptocurrency like bitcoin. Here is how NEO coin price analysis looks like based on an increase on its listing in several exchanges;  

 

 

  From the price analysis of NEO coin above, there are two points, A and B. Before point A, the price of NEO coin can be seen to have reached as high as $11.11.Because of its high liquidity, Developers of different Dapps as well as users of those Dapps created on the NEO platform then decide to transfer their earned NEO gas as well as NEO coin being staked to several of these exchanges where they sell them thus causing its price to go a little down  to 10.61. More exchanges then list the NEO coin to their platform thus causing its demand to increase thus the price is expected to move much higher and surpass $11.11 at point B. In months to come the price will keep on going up as new exchanges emerging the market starting to list the NEO coin  

NEO bearish condition

Being much less liquidity for being listed on very few exchanges, NEO coin will become very much volatile thus affecting traders, community members and Dapp developers income. If in months to come, several exchanges start to delist NEO coin in the platform because Dapps in the platform is not adding value to the community members, the quantity of NEO coin will become in excess in its blockchain thus causing its price to decline. Different developers from different countries developing their Dapps on the NEO platform as well as community members of those Dapps will have difficult time to convert their NEO earnings to other cryptocurrencies thus they will end up dumping their coins in the DEX of the NEO thus causing its price to continue dropping further because the coin will become much more volatile. Here is how NEO coin price analysis looks like based on decrease on its listing in several exchanges platform;

     

 

From the price analysis of NEO coin above, there are two points, point A and point B. Before point A,the price of NEO coin can be seen to have gone as low as $10.61 from previous high . Because of its low liquidity, developers of Dapps created on NEO platform as well as users of those Dapps over there are dumping their earned NEO gas coin as well as their staked NEO coin to the few exchanges available including the NEO DEX thus causing the NEO coin to become very much volatile thus causing its price to continue dropping further.Some traders in those exchanges are demanding for the NEO coin thus they are buying the coin in those exchanges thus causing its price to increase a little bit all the way to point A at 11.11. Many exchanges have started to lose trust in Dapps created on NEO platform thus they have started to delist NEO coin thus causing the liquidity of NEO coin to decline further thus making it to become much more volatile downwards thus causing its price to keep on declining much further to point B.  With time, NEO coin will end up having no exchange being listed over there thus it will lose its community members thus price will continue to decline further.

 

2.Dapps built on NEO Blockchain platform  

When NEO coin conducted its ICO in 2016, one NEO coin was going for $0.2. Over a given period of time, the price of one EOS has tremendously managed to go all the way to over $190 in 2018 but later dropped to $5 then later rise again all the way to $20 towards the beginning of 2019. This increase in price has been due to the increase in number of developers using the EOS infrastracture to develop different Dapps, ranging from social media Dapps, publishing platform Dapps, gambling platform Dapps, Defi Dapps and gaming Dapps that benefits users of those Dapps with monetary value. If in the near future these Dapps increase in number then the price will continue to increase while if these Dapps become obsolete on the NEO blockchain network thus they end up looking for other network platform because NEO network is not benefiting them over there, then the price of NEO will drop . Here are some of the Dapps built on NEO blockchain network that are making NEO coin to become a valuable cryptocurrency;

-narrative.org -  a social platform rewarding users and creators

-NEOFISH- a gaming Dapps rewarding game players

-Switcheo- a NEO DEX dapp

-NNS- neo address naming

 

NEO coin  future market price for period ranging between one month to the whole year based on bullish and bearish condition using the number of Dapps built on its blockchain platform can further be explained as follows;  

 

  NEO bullish condition

With an increase in the number of Dapps on its platform since its launch in 2014 and relaunch in 2016, NEO coin has seen a tremendous increase in its price from $0.2 during its ICO in 2016 to over $198 in 2018 and back to $20 towards the beginning of 2019. Many developers are keeping on joining the platform to develop their Dapps in different areas which are benefiting their community members thus causing the price to keep on rising. Over the next period of time of over 1 month and above, if the Dapps created on the NEO platform will continue to add value to the community members, then NEO coin will become inefficiency in the market since many users of those Dapps will be acquiring it by using those Dapps thus causing its price to increase much further.At the same time, if the NEO platform will continue to improve their infrastructure, more developers will continue to build on the NEO platform thus causing the NEO coin to keep on increasing in its value since its native NEO gas will be considered as a utility coin by those developers to pay for transaction on the NEO platform.Here is how the future price analysis of NEO looks like based on increase in numbers of developers as well as increase in number of users of Dapps created on the NEO platform;

  

 

     

From the candlesticks chart analysis of NEO future price above, there are two points, A and B. Before point A, the NEO coin price can be seen to have gone as high as $11.11.This increase in price is due to the increase in the number of developers of different Dapps on the NEO platform as well as an increase in the number of users of those Dapps built on the NEO platform. The developers of those Dapps as well as the users of those Dapps will then dump their earned NEO gas as well as staked NEO coin on several listed exchanges thus causing its quantity supplied on those exchanges to reach its maximum point thus pushing its price downwards a bit to point A at 10.61. More developers of NEO platform as well as users of those Dapps on the NEO platform again create a demand for the NEO coin on those exchanges platform so that they use the NEO coin for several task such as buying the token of their Dapps as well as NEO gas and using it to pay transaction on the NEO platform thus causing the price to move further to point B. An increase in the number of developers to build on the NEO platform over a longer period of time like 1 month and above will cause the price of NEO coin to continue increasing much further beyond point B. Also, if the number of users of those Dapps on NEO platform continue increasing, the  price will also continue increasing further to above point B.

  NEO bearish condition

Overtime since the relaunch of NEO  in 2016, its price has been increasing due to an increase in the number of developers on the NEO platform. If NEO platform starts charging high gas fees to different Dapps created on its platform thus causing their income to be affected, these developers will look for another cheap alternative platform that is not affecting their platform.The users of those Dapps will also move together with the Dapp if the Dapp was benefiting them thus reducing the usage of NEO coin and NEO gas. This will cause those Dapp owners as well as users to start dumping the coin in several exchanges at a cheaper price thus causing the NEO coin to lack buyers thus increasing its supply in its blockchain platform. This will cause its price to  decline much further. As more developers keep on looking for a better platform to run their Dapp, the price of NEO will continue to decrease much further since users of those Dapps will also reduce in number on the NEO platform. Here is how the future price analysis of NEO coin looks like based on the decrease in number of developers on the NEO platform as well as decrease in the number of users of those Dapps on the NEO platform;  

   

 

From the candlestick chart analysis of the NEO coin price above, there are two points, point A and point B. Before point A, the price of NEO coin can be seen to have gone as low as $10.61.This decrease in price over a given period of time ranging from 1 month to 1 year can be as a result of a decrease in the number of developers of different Dapps on the NEO platform as well as a decrease in the number of usage of those Dapps due to unfavorable conditions such as high gas fee price charged by NEO platform thus income of those created Dapps over there is being affected  thus causing them to look for a favorable condition platform that will not affect their income. Users of those Dapps could also have reduce in number due to shift of those Dapps to other blockchain network platform or because those Dapps have started to become scams.Some developers sell the tokens of Dapps  to get NEO coin thus causing its price to move upward to point A a little bit at 11.11. If more Dapps withdraw themselves from the NEO platform,they will also cause the user to go with them to the favorable platform where they will go thus decreasing NEO coin usage thus causing it supply to increase in its blockchain platform thus causing its price to continue declining further to point B

 

3. Consensus used

Different cryptocurrencies used different consensus to release their coin to their blockchain so that those taking part in securing the network can be rewarded for validating the new blocks of the new amount of coin added to the blockchain plus the fees for validating transactions. Some of the commonly known consensus used by most know cryptocurrencies are proof-of-work consensus, proof-of-stake consensus, delegated-proof-of stake consensus and proof-of-capacity consensus. NEO coin uses proof-of-stake consensus to reward those taking part in leasing their coins to secure the NEO network. Since all NEO coins were released to its blockchain, there is NEO gas which is being released to its blockchain as well as the one used to pay for transaction cost thus stakers of NEO coin get rewarded for locking their NEO coin for a given period of time to secure the NEO network as well as to validate transaction taking place on the NEO network. In order to be entitled to receive NEO gas, you have to stake some amount of NEO coin. The more NEO coin you stake the more NEO gas you receive. Using the concept of consensus used, the future market price of NEO coin based on bullish and bearish market condition can further be explained as follows;

 

NEO bullish condition

Since NEO platform introduced its concept of staking to reward those locking their coins for a given period of time so that those coins can be used to secure the network and to validate new block added to the NEO platform, more users have started to purchase the coin in several exchanges so that they can lock them to the NEO staking pool.This increase in number of users staking the coin to receive reward in form of NEO gas has caused the NEO coin to become inefficiency in several exchanges thus causing its price to increase. In the near future, if the reward increases, more users will buy more NEO coin in several exchanges thus causing it to become much more inefficiency thus causing its price to increase much further. Here is how the future market price for NEO coin looks like based on an increase in the amount of NEO being staked over time due to an increase in its reward to stakers;



 

From the candlesticks chart above of the future price analysis of NEO coin, there are two points, point A and B. Before point A, the price of NEO coin can be seen to have gone as high as $11.11. This increase in price is as a result of an increase in the amount of NEO coin being staked due to an increase in the amount of reward in form of NEO gas. Some stakers then unstake their NEO coin as well as reward and dump them in several exchanges in terms of other cryptocurrencies thus causing its price to move a little bit downwards to point A at $10.61.More stakers then purchase the NEO coin in several exchanges and take them to the staking pool to lock them over there so that they secure the network thus causing the NEO coin to become inefficiency again thus creating a demand for it again thus causing its price to move further to point B again. If more stakers continue to purchase the NEO coin in several exchanges in the near future so that they unlock them so that they can be entitled to receive reward in form of NEO gas, then the NEO coin will further move beyond point B .

 

NEO bearish condition

Since NEO platform introduced its concept of staking to reward those locking their coins for a given period of time so that those coins can be used to secure the network and to validate new block added to the NEO platform, more users have started to purchase the coin in several exchanges so that they can lock them to the NEO staking pool.If in the near Future the reward start declining due to some other factors like some Dapps withdrawing themselves from the NEO platform due to high fees charged or block reward being reduced, then these stakers will start unlocking their staked coin from the NEO staking pool and sell them in several exchanges thus causing its supply in those exchanges to increase thus causing its price to decrease. As more stakers are keeping on unlocking their coins because of a decline in its reward program, its NEO coin will become in excess in several exchanges thus causing its price to continue declining further. Here is how the future market price for NEO coin looks like based on a decrease in number of stakers due to a decrease in its reward;


From the candlesticks chart above of the future price analysis of NEO coin, there are two points, point A and B. Before point A, the price of NEO coin can be seen to have gone as low as $11.11. This decrease in price is as a result of a decrease in the amount of NEO coin being staked due to a decrease in the amount of reward in form of NEO gas. Some stakers then purchase the NEO coin  in exchanges to stake due to increase in reward  thus causing its price to move a little bit upwards to point A at $11.11.More stakers then unlock their NEO coin in staking pool as well as rewards received, taking  them for sale to several exchanges because of a decrease in its reward thus causing the NEO coin to become in surplus in those exchanges  again thus causing its price to move further to point B again. If more stakers continue to unlock their NEO coin together with their reward to take them for sell in several exchanges due to decrease in its reward in the near future then the NEO coin will further move beyond point B .

  4.Technical Analysis by traders

Most traders use technical analysis tools to analyse the direction of the cryptocurrencies market. There are hundreds of technical analysis tools used by different trades since different technical analysis tools work for different traders in different ways. Technical analysis tool can either be a trend indicator or an oscillator indicator.The most commonly used trend and oscillator indicator tool by most traders is moving average and Relative strength index indicator. Moving average indicator works on the basis of support and resistance while Relative strength index indicator works on the basis of overbought and oversold in the market. To analyze the future price of NEO coin in months to come ,we will use relative strength indicator to indicate whether the NEO coin will become bullish or in bearish condition based on the behaviour of traders. NEO coin future market price based on technical analysis for bullish and bearish is further explained as follows;  

NEO Bullish condition

using RSI, NEO coin will be considered to be in a bullish condition when the candlesticks chart are moving in an upward market direction. RSI indicator will help traders to know whether the market has become in an overbought market condition so that they exit for a shorter period of time and enter again when the overbought market condition is over. In overbought market condition, the RSI will rise above 70. This is indicated as from the NEO coin future market price analysis candlesticks chart from below;  

 

 

 

From the NEO coin future market price candlesticks chart above, there are three points, point A ,B and C. Initially as you can see, the NEO market has been in a bullish condition over a given period of time. At point A, the RSI rises above 70 thus signaling NEO traders that the buyers has exceeded the sellers thus possibility of it reversing back downwards. Most NEO traders who were holding NEO coin then decided to sell them which results to sellers pressure pushing the NEO price downwards to point B at price $10.61. More sellers entered the market thus causing the market to become oversold again thus it is being pushed further to point C. If this continues in one month time, then the NEO price will continue to move upwards further.  

NEO bearish condition using RSI

NEO coin will be considered to be in a bearish condition when the candlesticks chart are moving in a downwards market direction. RSI indicator will help traders to know whether the market has become in an oversold market condition so that they exit for a shorter period of time and enter again when the oversold market condition is over. In oversold market condition, the RSI will fall below 30. This is indicated as from the NEO future market price analysis candlesticks chart from below;

         

 

From the NEO future market price candlesticks chart above, there are three points, point A ,B and C. Initially as you can see, the NEO market has been in a bearish condition over a given period of time. At point A, the RSI falls below 30 thus signaling NEO traders that the sellers have exceeded the buyers thus possibility of it reversing back upwards. Most NEO traders who were selling their NEO coin then decided to buy them which results to buyers preasure pushing the NEO price upwards to point B at price $11.11. More buyers entered the market thus causing the market to become overbought again thus it is being pushed further to point C. If this continues in one month time, then the NEO price will continue to move downwards further.  

summary

  1. The more liquidity NEO coin becomes the more likely its price will continue to rise while the less liquidity it becomes the more likely its price will continue to decline
  2. An increase in the number of Dapps in the NEO platform will result to an increase in the price of NEO while a decrease in the number of Dapps in the NEO platform will result to a decrease in its price over time
  3. An increase in the number of NEO stakers due to an increase in its reward will cause NEO coin to become ineffeciency thus resulting to an increase in its price while a decrease in the number of NEO stakers due to a decrease in its reward will cause NEO coin to become surplus thus resulting to a decrease in its price.
  4. When more traders are buying the NEO coin, they are creating a downwards preasure thus causing its price to decline further so that the NEO makret can profit with a few number of sellers while when more traders are selling the NEO coin,they are creating an upwards preasure thus causing its price to incline further so that the NEO market can profit with few number of buyers