Currently, NEO is ranked as the number-eight biggest cryptocurrency. But what's up with this mysterious altcoin, and is it worth buying?
Let's answer that question by running a quick price sentiment analysis on NEO:
Trading Patterns for NEO
The NEO cryptocurrency last established strong trading patterns between the $30 and $40 level. From there, it rapidly shot up to the $130 to $150 range before correcting in the most recent cryptocurrency fallout.
Presently, the NEO price stands at just under $112. The next logical target is for NEO to hit $150, where we see the aforementioned strong trading activity.
Is NEO Worth It?
Perhaps. I could see it easily go to $150, and then from there, a $200 trip is well within reach. That roughly doubles my money from where we are.
However, I look at it this way -- I see more upside potential in several other altcoin assets, like the Cardano (ADA) cryptocurrency that I previously covered.
Зря,..))...Китай хитёр..).. С NEO HODL..
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Hahahaaaaa! Yes, they are...Yes they are! :)
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NEO ticks many boxes. Not the least is the tacit support from Chinese authorities. Even more importantly is the ease with which developers and programmers can work withing the ecosystem. Then, there are other aspects like being quantum computer resistant, (unlike Ethereum) two tokens (NEO and GAS) and so much more.
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Great fundamental points to support the technical case if you are bullish on NEO!
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NEO to the moon!
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