Neo Conflicting price predictions In 2018

Neo Conflicting price predictions In 2018

NEO coin was launched in early 2014 as AntShares, and the cryptocurrency has the ability to develop a network of decentralized applications which is scalable. NEO rebranded itself from AntShares to NEO coin during June of 2017. A total of 100 million NEO coins were developed, about 50 percent of that was sold to investors. Where the other half is locked in a smart contract, and every year roughly 15 million coins are unlocked in order to fund the long-term goals of NEO.

A majority of people have gained an interest in the world of cryptocurrency because of the staggering profits it has made for many people. Most of these people are investors where others are developers or people who are interested in making their own cryptocurrency. Conjecture is an important part of investing, in fact, studies show that most cryptocurrency investors invest based on speculations or conjecture."Neo Conflicting price predictions In 2018"

Technical Analysis & Conflicting price predictions

As reported by theoofy there are many price predictions for the year-end (2018). However, there are three price predictions (predicted by experienced traders) in particular which seem to conflict. The first is known as the “$12 range hope.” Kryptowavetrader explains that almost all the investors wish they could buy cryptocurrency at the historical-low value.

He explains that the NEO coin will drop to $12 according to his prediction. He believes in this price drop as NEO coin is clearly following the price pattern of Ethereum (cryptocurrency). Although this price prediction may be false, in the world of cryptocurrency things can become ugly in a matter of days or even hours.

The second price prediction is known as “shorting all the way to $3.74.” Coinkilavuz demonstrates his price prediction, and he thinks that a lot of bearish speculations exists in the world of cryptocurrency at the moment. You have probably heard that many of these cryptocurrencies are just a”bubble.” He backs it up by stating that this shorting to #3.7 will only happen if NEO coin fails to break the $21.2 mark.

This conflicts with the other price prediction as a majority of people think that it is highly unlikely that NEO will drop to $3.7. Moreover, this speculation depends on the prices of other significant cryptocurrencies.

The last conflicting price prediction is known as the “The double bottom play.” BitcoinCompass is expecting or predicting a double bottom for the cryptocurrency’s price if his prediction proves to be true, then NEO can drop to either $17.7 or head up to $19.5. Either way, more people would start investing in NEO coin, although this price isn’t as high as it was just a few months back.

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