Could the NEO Price Hit $225?

Could the NEO Price Hit $225?

After the recent cryptocurrency crash, triggered by rumors of a South Korean ban, many investors seem to have begun losing hope in cryptos. I hear them saying that the 2017 returns were the best we could get and that those returns may never be replicated again. That line of thinking is absolutely flawed. Take the example of NEO—the one cryptocurrency that, despite the crash, is up more than 60% this year, and is the top performer of 2018 in the top 10 ranking cryptocurrencies.

Coming to my NEO price prediction 2018, I’m seeing the NEO price easily crossing $200.00 this year. There’s one good reason why I see that happening.

NEO will soon be holding its first developer conference (or DevCon, as it’s commonly called), through January 30 and 31, 2018. That’s next week!

In the crypto-world, DevCons are open-to-all conventions held for crypto enthusiasts to meet up and discuss the future of their coin.

To give you an idea, Ethereum’s most recent DevCon took place in Cancun, Mexico three months ago. More than 2,000 people attended it, including not only tech junkies but also fans, ETH holders, and potential investors.

It was a chance for the Ethereum founder and developers to show the world what Ethereum is all about, what real-world use cases it offers, and how people could help raise awareness about it. The DevCon gave investors a sneak peek into what they could expect from their ETH investments in the later months.

Coming back to the NEO DevCon, what’s quite interesting is that this Chinese project has picked San Francisco for its first DevCon. It will give the NEO founder a chance to showcase what a NEO-based smart economy could look like right in the middle of world’s biggest technology hub. In short, expect more people to jump on the NEO rocket ship once they get to hear about this Ethereum competitor.

I believe the DevCon could give us the next inflection point on NEO price chart. I’m not the only one who foresees a price surge in NEO coin this year. A former Wall Street strategist, Tom Lee, who has earned popularity for his wild Bitcoin predictions, forecasts that NEO could hit $225.00 in 2018. (Source: “Tom Lee, bitcoin’s earliest and most bullish forecaster on Wall Street, is even more positive after crash,” CNBC, January 18, 2018.)

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