• NEO is a well-positioned platform and has been given the name “Chinese Ethereum”.
• The N3 version 3 update is expected to boost transaction speeds and reduce gas fees.
• According to crypto experts, the average NEO rate by the close of February 2023 could be $14.65 based on the price fluctuations of Neo at the beginning of 2023.
What is NEO?
NEO is a well-positioned platform that has earned it the name “Chinese Ethereum”. It is part of Neo’s public blockchain rollout, with N3 updated to version 3 in order to boost its transaction speeds and reduce gas fees. Furthermore, it features Oracle integration and a decentralized file storage system.
NEO Price Prediction
With a 24-hour trading volume of $128,829,354 USD, Neo is currently trading at $12.87 USD. According to crypto experts, the average NEO rate by the close of February 2023 could be $14.65 based on the price fluctuations of Neo at the beginning of 2023. Prices are expected to range from $13.40 – $15.07 for its minimum and maximum while trading costs may reach as high as $15.80 during March with an average value at $15.24 on March 24th, 2023 .
Fear & Greed Index
The fear & greed Index for the current period is showing 59 (Greed). Over the last 30 days, NEO has been green on 19/30 (63%) days with a price volatility of 14.54%.
NeoContracts
Neo offers NeoContracts – different from other smart contracts – which provide developers with several popular languages they can choose from rather than learning new ones tailored specifically for smart contracts development such as Solidity or Vyper used in Ethereum blockchain applications .
Conclusion
Overall, NEO seems like an attractive proposition for investors due to its potential growth when compared to other cryptocurrencies like Ethereum and Bitcoin in terms of transaction speeds and reduced gas fees as well as offering developers more accessible languages for smart contract development rather than learning new ones specifically tailored for this purpose .