NEO used to be a stable coin for a while, but recent trends in China suggest that it is gradually making a comeback. We will have to wait and see if NEO starts showing similar trends as Aptos did in the past, as the data seems to suggest.
It's difficult to predict the future price of NEO, but based on technical analysis of its volume and trend, there is a chance that China could give NEO a boost, potentially resulting in a price above $100 USD. However, for this to happen, NEO needs to break through the important $29 USD price point in the coming time.
Currently, data indicates that NEO is an interesting coin, with high volume. Given that NEO has always been an important coin in China, we can expect that China may be able to break out in the short term.
Most users that did buy NEO historically are from china.
There is a structure by HK that allow china companies to buy crypto
It's difficult to predict the future price of NEO, but based on technical analysis of its volume and trend, there is a chance that China could give NEO a boost, potentially resulting in a price above $100 USD. However, for this to happen, NEO needs to break through the important $29 USD price point in the coming time.
Currently, data indicates that NEO is an interesting coin, with high volume. Given that NEO has always been an important coin in China, we can expect that China may be able to break out in the short term.
Most users that did buy NEO historically are from china.
There is a structure by HK that allow china companies to buy crypto
Comment:
If there is a hyped trend for the coming time at last we need to see a breakout above the 20 USD time frame.