Santiago1
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NEO PRICE ANALYSIS

BITFINEX:NEOUSD   NEO / U.S. Dollar
Neo with the recent bull rally gained a massive 33.8%. This we view as investors reaction to the Version 3.0 upgrade coming up soon. The development team reckons that this upgrade will be a full package. Erik Zhang, a developer at NEO was reported to have said that the new upgrade is going to be enterprise-ready and it will have the capability of handling large-scale scale applications. It claims that running smart contracts will be cheaper on the new platform.
Whit prices below $37 which was thought to be a significant support area , new support can be found around $27.26. A break at this support can send the price diving to $23 or even further to $15. With the Chinese government claims that the Yuan now account for less than 1% of cryptocurrency trades and other market sentiment, this can happen even as soon as next month.

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