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NEO

Neo (NEO) Price Index

$ 12.88 Ƀ 0.00025044
  • MarketCap
    $ 909,786,060
  • Volume
    $ 25,973,438
  • Change
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neoNEO
$ 12.88
$ 12.88
1.74%
11,89
NEO
NEO (NEO)
$ 12.88
NEO
NEO (NEO)
author
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
By Marcel Deer
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
on January 08, 2023 | 5 min
Updated on Dec 11, 2023

The Neo blockchain, founded in 2014, is often referred to as the “Ethereum of China” its native coin is Neo (NEO) but Neo also has a second token for transaction payments called NeoGAS (GAS). Neo is still developing its technologies, including working on an Ethereum sidechain. Here’s the basics on the Neo blockchain and Neo (NEO) coin.

Overview: What is NEO?

Neo (NEO) is the native cryptocurrency of the Neo blockchain. The Neo blockchain is a smart contract platform and potential competitor to Ethereum, Tron, and Solana. Other cryptocurrency projects and DApps can be built in various programming languages and hosted on the Neo blockchain.

What Makes the Coin Unique?

Neo was founded in 2014 under the name Antshares (ANS) by Da HongFei and Erik Zhang. The project rebranded to Neo in 2017. Neo has been referred to as the “Ethereum of China” as it shares some features with Ethereum and is a competitor. The Neo network also has a decentralized file storage system, an identity system, and an oracle system.

A unique feature of the Neo blockchain is that it uses a Delegated Byzantine Fault Tolerant (dBFT) consensus mechanism in contrast to Ethereum’s proof-of-stake (PoS).

What is Neo Coin Used For?

There are actually two native tokens to the Neo blockchain. Neo (NEO) is used for ownership and management functions on the Neo blockchain. The second token is neoGAS (GAS), which is used to pay for transactions and secure the Neo blockchain. As well as Neo (NEO) having utility in the Neo ecosystem, it is also bought, sold, and traded as an asset in the cryptocurrency market. Neo (NEO) is the main token of the network. Users who stake Neo gain the right to vote on upgrades to the Neo network.

How Does Neo Work?

On the Neo platform, developers can use the protocol to run its smart contracts, or NeoContracts, to design and build new DApps.  NeoContracts allow developers to build in conventional programming languages like C# and Java.

What Factors Determine The NEO Coin Price?

Neo (NEO) coin is not a stablecoin, so its price is determined by supply and demand. The performance of the NEO crypto is also determined by its utility in the Neo ecosystem and, ultimately, by the success of the Neo blockchain.

 

The following factors determine the price of Neo (NEO):

 

  • Supply, demand, and scarcity of Neo (NEO)
  • Liquidity of (NEO) on cryptocurrency exchanges
  • Neo (NEO) market sentiment
  • Cryptocurrency market sentiment
  • Performance of the Neo blockchain
  • Performance of competing cryptocurrencies and blockchains

What are the Neo Coin Price Predictions for 2025 and 2030?

It’s almost impossible to predict the performance of individual cryptocurrencies in such a nascent and evolving market. That said, there are many Neo (NEO) coin price predictions by crypto analyst sites. CoinCodex Neo coin price predictions for 2025 put the crypto at potentially reaching values between $10.62 and $18.94. Whereas Neo coin price predictions for 2030 from CoinMarketCap estimate much higher at up to $123.00 for that year and up to $53.09 for 2025. Neo price history to date has seen the crypto reach as high as $170.10 in 2018, as per the CoinMarketCap NEO chart, and Neo (NEO) is currently trading at $10.67.

How Is the Neo Network Secured?

The Neo network, or blockchain, uses a combination of PoS and a more unique consensus protocol called Byzantine Fault Tolerance (dBFT), which secures and validates Neo. The dBFT mechanism enables the processing of up to 10,000 transactions per second (TPS), a much higher number of transactions. NEO holders stake NEO to vote for consensus nodes, and these consensus nodes generate new blocks on the network and receive gas fees in neoGAS (GAS) in return.

Where Can You Buy Neo Coin?

Neo (NEO) was first listed on exchanges in 2017; as such, it’s a popular coin and can be found on major exchanges such as Binance, AscendEX, Upbit, OKX, and HTX.

How to Invest in Neo?

Investors looking to start NEO coin investing can usually find the cryptocurrency on one of the major cryptocurrency exchanges. The process for buying Neo (NEO) on a standard cryptocurrency exchange would be as follows:

 

  • Check the preferred cryptocurrency exchange lists Neo (NEO)
  • Open an account with the exchange or use an existing account
  • Fund the purchase of Neo (NEO) with crypto or fiat funds
  • Trade the funds for Neo (NEO)
  • Move the Neo (NEO) balance from the exchange to cold storage, such as a hardware wallet for safety

How to Store Neo?

Investors in Neo (NEO) that aren’t planning to immediately use the NEO coin, sell it, or trade it usually find the best and safest way to store cryptocurrencies is in a cold crypto storage option, such as a hardware wallet.

FAQs

Is NEO coin a good investment?

Investors will decide if Neo (NEO) is a good investment based on thorough research of the Neo token, the Neo blockchain platform, Neo competitors, and the cryptocurrency market as a whole. As cryptocurrencies can be incredibly volatile and high-risk, investors must be vigilant of their risk tolerance and only invest what they can afford to lose.

Is NEO money safe?

Like any cryptocurrency, the price of Neo (NEO) can go up or down at any moment as it is influenced by many factors and not regulated in the same way as fiat currencies. To safely store Neo (NEO) to limit threats from hackers, investors will usually choose a cold storage option like a hardware wallet.

Does NEO crypto have a future?

The future of Neo (NEO) is difficult to predict. NEO has utility on the Neo platform and is also a traded cryptocurrency. The future of this cryptocurrency may depend on the success of the Neo blockchain, the wider cryptocurrency markets, and how it performs against competitors like Ethereum, Solana, and Cardano.

Is Neo better than Ethereum?

The Neo blockchain is a competitor to Ethereum, but Ethereum currently hosts over 3,000 DApps and is still the first choice for developers. Neo is currently developing a sidechain to support Ethereum DApps. Ether (ETH) is the 2nd cryptocurrency by market capitalization, and Neo is 65th.

Is NEO a Chinese coin?

The Neo blockchain has been referred to as the “Ethereum of China” or “Chinese Ethereum” because of its potential as a competitor to Ethereum. However, Ethereum still leads the blockchain space worldwide for DApp and smart contract development.

Is NEO a stablecoin?

Neo (NEO) is not a stablecoin. The price of NEO experiences the same market volatility as other coins like Bitcoin (BTC) and Ether (ETH). NEO price is influenced by factors such as supply and demand, liquidity, and sentiment.

Who is partnered with Neo?

The Neo blockchain has numerous, mostly smaller-scale partnerships. It’s working with Web3Labs to drive blockchain innovation in Hong Kong, and it partnered with OKX exchange in 2023 to run the Neo APAC Hackathon.

Who created the NEO coin?

The Neo network and Neo (NEO) coin was founded in 2014 under the name Antshares (ANS) by Da HongFei and Erik Zhang. The project rebranded to Neo in 2017.

Who owns NEO?

The Neo network and Neo (NEO) coin was founded in 2014 by Da HongFei and Erik Zhang. The project rebranded to Neo in 2017 and Neo’s parent company is Onchain.

Can I withdraw cash from Neo?

Neo (NEO) can be exchanged into fiat currency via a cryptocurrency exchange that supports an appropriate NEO/fiat trading pair, then a fiat balance can be withdrawn.

author
About Marcel Deer
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
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