NEO Price today

NEO has surged to 5.4 USD after reaching a low of 4.30 USD. The token shows bullish potential as traders respond to technical indicators pointing to further gains. This rebound occurs amid heightened global trade tensions due to US tariffs.

Trump’s tariffs have exacerbated market fears, marked by the fear and greed index dropping to 18. Plume and Story also recover, with Plume bouncing back to 0.1671 USD. Story stabilizes at 4.2290 USD after a recent decline.

NEO’s price dropped by 35% from 8.00 USD to 5.00 USD between March 24th and April 1st, 2025. This decline is attributed to massive sell-offs and the NEO Foundation’s investigation into suspicious Binance transfers.

The recent market behavior has raised panic among investors, with an increased selling pressure. If this trend continues, NEO’s price could fall further below 4.50 USD, resembling levels last observed in June 2017.

NEO’s current performance: As of December 2024, NEO’s live price is 19.93 USD with bullish forecasts to 24.88 USD. Factors include altcoin popularity resurgence and technological strengths like dBFT consensus and scalability, supporting a strong position in blockchain.

Future projections by 2030: NEO’s future looks promising with predictions to reach 102.35 USD by 2030. Growth is driven by NEO’s focus on integrating digital payments, assets, and identities, which enhances real-world applications and attracts users and developers.

Adoption and market dynamics: The increasing use of NEO in decentralized applications is crucial for price growth. Tokenomics enhance economic stability through governance rights and transaction fee benefits, boosting demand. Mechanisms like token burns could further elevate market performance.

According to Foresight News, the community-driven open-source blockchain platform Neo has recently announced a collaboration with security audit firms BlockSec, Secure3, and Red4Sec.

This partnership has successfully completed a security audit of Neo’s EVM-compatible sidechain, Neo X, enhancing the security of the Neo X mainnet and providing assurance to developers and users.