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NEO

NEO

Rank #100
$ 12.32
-1.32%
24H Low$11.95
24H High$12.49
24H Volume
24.34M
All-Time High(ATH)
$198.38
All-Time Low(ATL)
$0.07835
Market Cap
867.82M
Fully Diluted Valuation
1.23B
Market Cap/FDV
0.7053
Circulating Supply
70.53M NEO
Total Supply
100M NEO
Max Supply
Market Sentiment
--
* Data from 3rd parties

NEO (NEO) Price Trends

Time period
Change amount
% Change
1H
$ 0.03274
0.27%
24H
$ -0.1622
-1.32%
7D
$ 0.01897
0.15%
14D
$ 0.9392
7.62%
30D
$ 1.92
15.58%
1Y
$ -1.41
-11.47%

Live NEO (NEO) Price Update

NEO price today is $12.32 with a 24-hour trading volume of 24.34M, and as such NEO has a market cap of 867.82M, giving it a market dominance of 0.04%. The NEO price moved -1.32% in the last 24 hours.

NEO reached its highest price on 2018-01-15 when it was trading at its all-time high of $198.38, while its lowest price was recorded on 2016-10-21 when it was trading at its all-time low of $0.07835. The current lowest price since the last cycle high was $0.07835, and the highest price since the last cycle low was $198.38. The social sentiment of NEO is currently Positive.

The current circulating supply of NEO is 70.53M NEO. In terms of market cap, NEO is currently ranked 100.

About NEO (NEO)

NEO was called Antshares before. It has been treated as the Chinese version of "Ethereum", and is also an early public chain project in China. NEO is a distributed network whose value lies in the use of blockchain technology and digital identity to digitize assets and automate the management of digital assets through smart contracts, thereby achieving a "smart economy".

Generally speaking, it can be understood that NEO aims to transfer the digitization of real-world assets to the blockchain. The main purposes include the registration management and transfer transactions of company equity. In addition, it can also be used for equity registration and equity incentives, equity crowdfunding, debt transfer, and securities trading. It is an equity transfer and trading system based on blockchain technology.

The bottom layer of Antshares is based on blockchain technology. Its equity database is not controlled and maintained by a centralized company. On the contrary, it is managed by all the corresponding users. The behaviours of equity issuance and trading in Antshares directly happen between households and users without going through a third party.


How NEO works

The consensus mechanism adopted by NEO is DBFT, which is a consensus mechanism similar to DPOS. The bookkeeper is selected by the rights and interests, and then the bookkeeper reaches a consensus through the Byzantine fault-tolerant algorithm.

As for the DBFT consensus mechanism, let’s see an example to better understand it: if any citizen in China (about 1.4 billion) has the right to directly participate in government decision-making, it is conceivable that the whole process will be very chaotic, and because everyone has different levels of ability, it may end up being counterproductive; however, people can actually elect people who can represent their interests, speak on their behalf, and make decisions later.

NEO adopts such a governance method. The consensus nodes voted under the DBFT consensus mechanism can range from 7-1024. With the gradual stabilization of the NEO core protocol, the number of consensus nodes will gradually increase in the later stage
Compared with Ethereum, NEO is more friendly to smart contract developers. Its users don’t have to learn new programming languages which are highly operable. At the same time, NEO smart contracts have stronger scalability.


What is NEO?

NEO's 100 million management tokens are divided into two parts. The first part, 50 million NEO, is used to distribute to supporters of NEO development funding crowdfunding in rounds and proportions. This part has been distributed. The second part, 50 million copies, is managed by the NEO Council to support the long-term development, operation and maintenance and ecological development of the NEO network. This part of NEO is in the lock-up period and can be unlocked and used only when the NEO network has been running for one year on October 16, 2017. This part of NEO will not be traded on the exchange and is only used to support the NEO project for a long time. It is planned to be allocated and used in the following proportions:

※10 million copies (10% of the total) are used to motivate NEO developers and NEO council members

※10 million copies (10% of the total) will be used to motivate ecological developers around NEO

※15 million copies (15% of the total) are used for cross-investment in other blockchain projects, and the obtained tokens belong to the NEO Council and are only used for NEO projects

※15 million copies (15% of the total) for backup

In principle, no more than 15 million copies of NEO will be used each year.


NEO Crypto Wallet

In addition to placing NEO in the Gate.io exchange for easy trading, users can also save NEO in a crypto wallet.

The development team of the Neo community has developed a variety of wallets for different users and applicationsto choose from, including Neo-GUI, Neo-CLI, OneGate, NeoLine, O3 Wallet, ONTO Wallet, and Neon Wallet.

Taking Neon Wallet as an example, it is an easy-to-use multi-chain digital wallet app. It belongs to light wallets in terms of functional attributes. It helps users manage virtual assets offline. Security encryption mechanisms such as private keys and mnemonics can be used free of charge to ensure that Users can independently control assets.

NeoLine is the NeoLine plug-in wallet developed by the NeoNEXT community! This integration will further lower the threshold for users’ access to Switcheo, and users can trade on Switcheo by connecting to NeoLine's Chrome plug-in wallet.

In the actual scenarios, users can choose wallet products that are more suitable for them according to their own needs.

FAQs

1. What determines the price movement of NEO?

There are two schools of thought in determining the price of NEO.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of NEO, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of NEO from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of NEO on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for NEO as well.
Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for NEO and the cryptocurrency market as a whole.

NEO (NEO) News

NEO (NEO) Announcements

Gate.io Supports Upcoming NEO Upgrade

According to the NEO team, Neo-CLI v3.6.2 was released and is scheduled to be deployed on mainnet on December 4th, 2023. Gate.io supports this upgrade and will suspend NEO deposits and withdrawals during the process. NEO trading will not be affected. Deposits and withdrawals will be resumed as s...
readings: 7255Posted:

Gate.io is going to cancel Neon Link(NEONLINK) Startup activity and trading on Gate.io

Gate.io is going to cancel Neon Link_NEONLINK_ Startup activity and trading on Gate.io
readings: 25499Posted:

Gate.io is going to commence trading token NEON EVM(NEON)

Gate.io is going to commence trading token NEON EVM_NEON_
readings: 12261Posted:

Gate.io will Delist FITFI,RACA,,BSW,GST,JST,NEO Leveraged Tokens

The following leveraged tokens will be delisted on July 14, 2023 at 08:00 UTC and redeemed in USDT based on the net asset value before the trading termination.
readings: 17158Posted:

Gate.io Suspends the Deposit and Withdrawal of Gas (GAS), NEO (NEO), and Flamingo Finance (FLM)

As N3 is currently undergoing technical maintenance, Gate.io has suspended the deposit and withdrawal of the relevant coins, including GAS, NEO, and FLM, as required by the project team. The trading is not affected for the time being. We will resume the deposit and withdrawal immediately after the m...
readings: 15173Posted:

Gate.io Supports Upcoming Neo(NEO)N3 Upgrade

According to the Neo(NEO) team, a mandatory upgrade will take place at block height 1730000 for NEO mainnet, estimated on June 19 at 13:00 UTC. Gate.io supports this upgrade and will suspend NEO N3 deposits and withdrawals during the process. Deposits and withdrawals will be resumed as soon as po...
readings: 22035Posted:
Date
Market Cap
Volume
Open
Close
2024-02-28
$41.45M$933.94M$13.26N/A
2024-02-27
$32.77M$926.63M$13.13$13.26
2024-02-26
$24.96M$903.83M$12.84$13.13
2024-02-25
$19.69M$897.16M$12.72$12.84
2024-02-24
$24.4M$879.61M$12.45$12.72
2024-02-23
$22.84M$882.14M$12.51$12.45
2024-02-22
$25.38M$872.89M$12.36$12.51