This means that the developers of the project want to make it easy to use smart contracts on the NEO network.įor a trader to use the NEO network, a second cryptocurrency is used - namely, GAS. NEO is also called the Chinese Ethereum because they are strongly committed to creating a smart economy. It used to be called Antshares, but this changed later. NEO, in short, is a blockchain project from China founded in 2014. On this page, you will find the necessary facts that you can use to answer the question for yourself: "Is NEO a worthwhile investment?" What Is NEO? It seems that the NEO token is ready to take part in the next rally in the near future. You do not have to follow all predictions indiscriminately. As cryptocurrencies experts claim, it’s quite possible that the price will break through the critical resistance area at $60 again, setting a new record. There are many NEO price predictions on the Internet, but which one should you take seriously? It is best to make your own judgment about the potential of NEO.
How Did the Price of NEO Change Over Time?Įveryone naturally wants to know what the NEO price will be in the future. Long-Term NEO Price Prediction for 2025-2030 by Crypto Experts. NEO Price Prediction for 2022 by Crypto Experts. 
Weekly Elliott wave NEO analysis as of. NEO Price Prediction for the Rest of 2021 by Crypto Experts. The article covers the following subjects: But we’ll also discuss the current NEO coin rate and the historical data of the coin. In this article, we’ll take a closer look at the short- and long-term NEO price predictions and, in particular, the predictions for the future. Here, gas refers to Ethereum network transaction fees, not the gasoline for your car.NEO is a popular blockchain project that currently ranks 53rd out of all cryptocurrencies on Coinmarketcap, making it one of the most popular altcoins. Having a separate unit for this purpose allows for a practical distinction between the actual valuation of the cryptocurrency ( ETH), and the computational cost of using Ethereum's virtual machine (EVM). The concept of gas was introduced to maintain a distinct value layer that solely indicates the consumption toward computational expenses on the Ethereum network. The value of gas for internal processing, which is distinct from how ether tokens value the actual valuation of the cryptocurrency, disaggregates the value layer and the processing layer of the Ethereum platform. Gas prices are denoted in small fractions of ether called gwei. Miners set the price of gas based on supply and demand for the computational power of the network needed to process smart contracts and other transactions. On the Ethereum blockchain, gas refers to the cost necessary to perform a transaction on the network.
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