NEO Price for today is $30.3122. Its current circulating supply is NEO 100,000,000 with a market cap of $1,970,293,000.
The Neo price prediction is done on the basis of the fact that it is one of the top 10 cryptocurrencies in the world, with a net market capitalization of around 1970293000.0 $. Moreover, the favorable conditions provided by the Chinese government make this currency highly trusted by the vast Chinese market, with support from companies like Alibaba and Microsoft China.
Moreover, the Neo platform would be useful for the numerous ICO’s or Initial Coin Offerings for 2018, making it even more valuable. However, the centralized structure of the Neo network can be a concern wherein if the government or technological factors affect the seven controlling nodes of Neo owned by the company, the platform suffers. But Neo may consider decentralizing some nodes trading off on transaction speeds soon.
CoinSwitch allows the checking of Neo coin price chart for efficiently trading in Neo simply and securely. Currently the Neo coin price is somewhere around 30.3122 $. There is a possible increase in the value of Neo coin with the price predicted to increase to at least USD 131.57 by the end of this year, a projected increase of a whopping 154%.
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Ever since the initial paper on blockchain technology and cryptocurrencies by the anonymous Satoshi Nakamoto came out, Bitcoin and cryptocurrencies have increased in prominence and value in various industries due to increased transactional security. CoinSwitch is ideal for any coin exchange as it aggregates more than 300 different kinds of cryptocurrencies and alt-coins, including major ones like Bitcoin, Ethereum, Litecoin and Monero.
One of the most valued currencies presently is the Neo coin (NEO) where CoinSwitch facilitates the trading, selling, buying and exchange of Neo in the most seamless and secure manner. NEO coin is often called “Chinese Ethereum”, as it is used to run decentralized applications using the Neo platform as well its function as a currency.
The pay-offs in the Neo wallet is in the form of two different types of coins that you get when you buy the currency – one is GAS coin, which is used to run the decentralized applications on the platform. The other is the NEO coin, which acts like a share in the Neo platform that can be used to enter into smart contracts etc. The Neo exchange rates are displayed on CoinSwitch inclusive of the platform fee, making the transaction realistic and transparent. CoinSwitch helps you to easily compare between different cryptocurrencies and convert Neo coin into the cryptocoin of your choice.
CoinSwitch, the largest cryptocurrency exchange facilitates transactions with extreme simplicity with the user-friendly UI to directly deposit the amount into the benefactor’s Neo coin wallet.
Neo cryptocurrency was launched as Antshares in 2014 by Da Hongfei in China. It is more than just a currency and acts as a platform for the creation of decentralized applications and smart contracts, which can change the face of global commerce.
The most significant direct competitor of Neo is Ethereum, where Neo scores better with faster transaction speeds due to the centralized network and ease of coding smart contracts and applications in all major programming languages, whereas Ethereum supports the only Solidity. Neo is a very interesting cryptocurrency to watch out for in 2018.
If you are new to crypto trading, it's always advisable to learn about, what is Neo, it's benefits and indicative return on investment.