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Neousd

NEO (Neo) Coin Analysis 03/04/2021Fundamentals: Neo bills itself as a “rapidly growing and developing” ecosystem that has the goal of becoming the foundation for the next generation of the internet — a new economy where digitized payments, identities and assets come together. Initially known as Antshares, this project was believed to be China’s first-ever public blockchain when it was launched in February 2014. The open-source platform subsequently rebranded to Neo three years later. As well as creating a worldwide community of developers who create new infrastructure for the network and lower barriers to entry, the team behind this project operate an EcoBoost initiative that’s designed to encourage people to build decentralized apps and smart contracts on its blockchain. It’s often been likened to the Chinese version of the Ethereum network. One of the unique selling points of the Neo blockchain concerns its continuous development, which helps ensure that it is futureproof and able to cope with sudden increases in demand. As mentioned earlier, the project has developed Neo 3.0 — enhancing network security and allowing a greater number of transactions per second to be processed. Unlike many other blockchains, this network also has two native tokens: NEO and GAS. While NEO serves as an investment token and allows people to participate in votes concerning improvements to the blockchain, GAS is used to pay fees for the transactions that are being completed on the network. Few other blockchain projects also run a development fund to the extent that Neo does. EcoBoost launched back in 2019, and it was billed as an initiative that provides “full life-cycle support for high-potential projects” — including grants, technical support and promotion on social media. The co-founders of Neo, and its predecessor Antshares, are Da Hongfei and Erik Zhang. Both serve as chairmen of the Neo Foundation, which aims to promote the blockchain’s adoption. Da Hongfei has said that, although the internet is a great invention, it has many flaws — and this means that everyday consumers don’t always have control over their own data. The entrepreneur believes blockchain applications will eventually go mainstream. Erik Zhang was the author of the Delegated Byzantine Fault Tolerance algorithm, which aims to deter untrustworthy participants from taking part in the blockchain’s operation. This technology went on to be used in the Neo blockchain. He also served as the core developer for this network, and is playing an instrumental role in the development of Neo 3.0, the next iteration of the project’s infrastructure. The live Neo price today is $54.15 USD with a 24-hour trading volume of $860,319,548 USD. Neo is up 1.34% in the last 24 hours. The current CoinMarketCap ranking is #37, with a live market cap of $3,819,379,676 USD. It has a circulating supply of 70,538,831 NEO coins and a max. supply of 100,000,000 NEO coins. The top exchanges for trading in Neo are currently Binance, Huobi Global, Upbit, OKEx, and BitForex. Technical Analysis: there exist a Hidden Bullish Divergence with MACD which is the sign of Bullish Trend Continuations. there are total of 3 Targets Defined by Fibonacci Projection, where as they have confluences with the past Supply and Demand levels when it had an impulsion earlier. the 3 Target gets confirmed as the 2 TP gets triggered followed by some Price Correction
Long
by BitonGroup
2
💡Don't miss the great buy opportunity in NEOUSD @Neo_BlockchainTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (26.10). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NEOUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 50. Take Profits: TP1= @ 27.27 TP2= @ 28.11 TP3= @ 29.26 TP4= @ 30.47 TP5= @ 31.46 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
11
💡Don't miss the great buy opportunity in NEOUSD @Neo_BlockchainTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (26.10). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NEOUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 50. Take Profits: TP1= @ 27.27 TP2= @ 28.11 TP3= @ 29.26 TP4= @ 30.47 TP5= @ 31.46 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
4