Home Blockchain News NEO Sets Sight on $20 with Proposed Centralized Blockchain

NEO Sets Sight on $20 with Proposed Centralized Blockchain

NEO Sets Sight on $20 with Proposed Centralized Blockchain

NEO has made clear its intentions to take on Bitcoin and Ethereum. The asset is currently working on increasing speed and scalability with the planned upgrade to a centralized blockchain.

According to NEO founders, the centralization of its blockchain will bring speed and scalability needed to power transactions on the network.

NEO’s selling point is its ability to establish a full smart economy with digital assets, smart contracts, and digital identity. All these products can be utilized for real-world applications alongside being incorporated in the real economy.

Once the blockchain has been rolled out, we can start witnessing its value on the price of NEO.  If successful, NEO might hit the $20 mark. By the time of writing, NEO was trading at $11.28 with a market capitalization of $733 Million.

The market operations of the NEO/USD pair might keep moving in a range around the $10 mark. For the asset to move upwards, the bulls need to establish a solid foundation in the range of $9- $14.

However, a forceful breakdown of the immediate accumulation territory has the ability to allow the bears to take control of the market for a few coming days.

An analysis of NEO’s price in 2019 shows some stability after it hit its lowest mark back in February. The asset traded at $6.88. NEO managed to surprise many when it traded at $13.09 back in April.

NEO’s next resistance level will be around $15. The digital asset’s value has majorly been influenced by speculators. Going into the future, we expect the value of NEO to rise based on the number lined up projects.

Recently, the foundation unveiled its roadmap dubbed NEO 3.0. The foundation is set to support large-scale commercial applications with blockchain technology. The latest developments will focus on stability and security, an optimized smart contract system, and a feature-packed infrastructure set for diverse business applications.

 




Source link

Must Read

Karl Friston: Neuroscience and the Free Energy Principle

https://media.blubrry.com/takeituneasy/s/content.blubrry.com/takeituneasy/lex_ai_karl_friston.mp3Karl Friston is one of the greatest neuroscientists in history, cited over 245,000 times, known for many influential ideas in brain imaging, neuroscience, and...

Extraction of Data from Templatic Documents

Templatic documents, such as receipts, bills, insurance quotes, and others, are extremely common and critical in a diverse range of business workflows. Currently, processing...

Using Blockchain for collaboration

<!----> Share this post:Blockchain and the disaster relief system Our latest guest is Chelsey Delaney, Global Design Lead for Blockchain Services at IBM, who brings a...

Open Banking and Blockchain

The finance industry continues to evolve thanks to technological advancement, sustained innovation, market dynamics, and changing customer needs. This evolution has accelerated in the last...

Biomedicine and Machine Learning

https://media.blubrry.com/takeituneasy/s/content.blubrry.com/takeituneasy/lex_ai_daphne_koller.mp3Daphne Koller is a professor of computer science at Stanford University, a co-founder of Coursera with Andrew Ng and Founder and CEO of insitro,...

A New Era Of Perceptive Intelligence

The human interface that connects us with machines — the way we interact and control them — has changed a lot over the years....

A Job interview with AI

https://vimeo.com/422241727"How do you feel about your relationship with your mother?" is not a question most people expect to be asked in a job interview. But in...

Preserving Privacy using A.I

I spent part of last week listening to the panel discussions at CogX, the London “festival of A.I. and emerging technology” that takes place each...

Achieving High Trading Profit With Software

Bitcoin trading has become one of the major sources of profit for long years. With its very promising and lucrative features, many individuals have...

Ripple Planning New XRP Corridor

Ripple’s senior VP of product management and corporate development, Asheesh Birla, says the San Francisco-based payments startup intends to open up new XRP remittance...
banner image