NEO Price for today is $7.378756736. Its current circulating supply is NEO 100,000,000 with a market cap of $520,488,874.
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Currently, NEO (NEO) is trading at $7.3788 with NEO price 0.6% down today. The market cap of NEO is USD 520,488,874 with 70,538,831 neo circulating currently. The 24-hour price movement chart indicates that $236,422,933 worth of NEO were trading. The price peaked to $7.4500 in the last 24 hours while the lowest price was $7.2600.
Moreover, the favourable 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 centralised 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 decentralising 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. There is a possible increase in the value of Neo coin with the price predicted to increase to at least $123.602 by the end of this year, a projected increase of a whopping 1575.106043%. This means that in the year 2023, the NEO price is forecasted to stand at $437.971 . You can keep track of NEO’s progress by adding it to your wallet portfolio.
Read More: NEO price prediction 2018
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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 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 decentralised 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 rates between different cryptocurrencies and convert Neo coin into the cryptocoin of your choice.
CoinSwitch facilitates transactions between the sender and the receiver with extreme simplicity with the user-friendly UI to directly deposit the amount into the benefactor’s Neo coin wallet with a unique key, which is never asked by CoinSwitch to be revealed.
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 decentralised 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 centralised network and ease of coding smart contracts and applications in all major programming languages, whereas Ethereum supports 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.