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Chinese Ethereum NEO: Price Predictions For 2023

Overview of NEO

• NEO is a cryptocurrency project that is striving to catch up with Ethereum, earning it the name “Chinese Ethereum.”
• It offers NeoContracts, a smart contract-based system different from other smart contracts.
• Experts predict that NEO’s price will range from $13.40 to $15.07 for its minimum and maximum by the close of February 2023, and may reach as high as $15.80 during March.

N3 Updated to Version 3

The Neo network has recently updated their public blockchain rollout to N3 version 3 in order to improve transaction speeds and reduce gas fees. This upgrade features Oracle integration and decentralized file storage system capabilities, making it a well-positioned platform for developers.

Experts Predict NEO’s Price

Neo currently has a 24-hour trading volume of $128,829,354 USD and is trading at $12.87 USD with a live market cap of $911,239,805 USD and a circulating supply of 70,538,831 coins out of its maximum supply of 100 million coins. According to crypto experts‘ predictions, the average NEO rate by the close of February 2023 could be around $14.65 due to fluctuations in the beginning of 2023.

Fear & Greed Index

The Fear & Greed Index for this period is showing 59 (Greed). Over the last 30 days, NEO has been green on 19/30 (63%) days with price volatility of 14.54%.

Conclusion

Overall, analysts are expecting good things from Neo in terms of performance over the next few months based on its recent upgrades and fluctuating prices throughout 2023 so far. All indications suggest that NEO will continue performing well throughout February and March with an estimated price value reaching up to $15.80 by March 24th according to experts‘ forecasts