{"id":63453,"date":"2023-09-20T10:16:20","date_gmt":"2023-09-20T14:16:20","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/is-it-too-late-to-buy-neo-neo-price-shoots-up-7-as-viral-new-crypto-ai-project-secures-1-7-million\/"},"modified":"2023-09-20T10:16:24","modified_gmt":"2023-09-20T14:16:24","slug":"is-it-too-late-to-buy-neo-neo-price-shoots-up-7-as-viral-new-crypto-ai-project-secures-1-7-million","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=63453","title":{"rendered":"Is It Too Late to Buy NEO? NEO Price Shoots Up 7% as Viral New Crypto AI Project Secures $1.7 Million"},"content":{"rendered":"
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Leading Chinese layer-1 solution Neo Network (NEO) is on the verge of a break-out as price action battles upper trendline resistance with a +7% pump – is it too late to buy Neo? Find out in NEO price analysis.<\/p>\n

The pump comes at a time of wider efforts to grow the ecosystem, following an on-boarding campaign at Token2049 by Neo Co-Founder Da Hongfei<\/a>, and Flamingo Finance’s restoration of cross-chain functionality in face of blooming volumes<\/a> on the growing DeFi protocol.<\/p>\n

During the Token2049 event, Da Hongei highlighted the need to stimulate growth and offerings to entice a new generation of users to onboard onto Web3.\u00a0<\/p>\n

“Action equals motivation minus resistance. To drive mass adoption, we need scenarios where users have a strong motivation to embrace Web3,” said Honghei.\u00a0<\/p>\n

\u201cWe need exceptionally user-friendly wallets to onboard Web3 users.\u201d<\/p>\n

NEO Price Analysis: Is it Too Late to Buy NEO?<\/strong><\/h2>\n

In the aftermath of the sudden upside move, NEO is currently trading high in the channel at a market price of $7.49 (representing a 24-hour change of -2.73%).<\/p>\n

This comes as price action battles major resistance from a descendant upper trendline, a breakout here could see a whole new rally ignite for NEO.<\/p>\n

With strong technical structure following the bounce out of double-bottomed structure; a move which saw NEO reclaim poised position atop the 20DMA (at $7.27) – upside is looking promising, with a move targeting the 200DMA (at $9.54) likely in the event of a breakout.<\/p>\n

Shifting attention to NEO’s indicators, despite the RSI heating up to an overbought signal, the localised retracement following the pump has rapidly cooled the indicator down to a neutral 52 – indicating consolidation here (which would trigger a breakout).<\/p>\n

While the MACD is showcasing bullish divergence at 0.07 – reflecting of the momentum underpinning the bounce from double-bottomed support.<\/p>\n

Overall, NEO is in strong form here – with price action teetering on the edge of a breakout – it seems all that remains is a fundamental catalyst to trigger a rally.<\/p>\n

This leaves NEO with an upside target at $8.60 (+14.97%) – a move which would see NEO breakout of the current descendant trading channel, and positioned for a re-test of 200DMA resistance.<\/p>\n

While downside risk here remains limited, with a continued retracement likely to find support at the 20DMA at $7.27 (-2.81%).<\/p>\n

NEO therefore has a risk: reward ratio of 5.33 – a fantastic entry with significant upside potential, and certainly not too late to buy NEO.<\/p>\n

But while bag-holders brace for another Chinese skyrocket, top traders are already scouring the market for alpha ahead of their next big trade using Launchpad XYZ.<\/p>\n

Only 6 Days Left to Gain Access to Pro AI Trading Insights Platform With 16% Bonus<\/strong><\/h2>\n

There is less than a day left to buy Launchpad XYZ (LPX), an innovative ecosystem designed to lower the entry barrier to Web 3.0 with user-friendly tools, insights, and analytics.<\/p>\n

Whether you’re a seasoned crypto user or just starting, this platform offers a range of features, such as NFT discovery, a decentralized exchange (DEX), a Web3 wallet, and utility token analysis.<\/p>\n

At the heart of the Launchpad XYZ ecosystem lies the $LPX token – holders who stake a minimum of 10,000 tokens can reap numerous benefits, including substantial fee discounts, exclusive early access to NFT mint whitelists and presales, beta play-to-earn game launches, as well as cool community prestige badges.<\/p>\n

The platform’s intention to list LPX on major cryptocurrency exchanges is expected to drive significant demand for the token.<\/p>\n

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Following the introduction of its primary features in Q3 2023, Launchpad XYZ anticipates substantial user adoption.<\/p>\n

With its maximum token supply of 1 billion, $LPX is set to launch on crypto exchanges later this year with a fully diluted market cap of $70 million. This makes it a platform to watch in the rapidly evolving crypto industry.<\/p>\n

Given its comprehensive suite of features and ambitious vision, Launchpad XYZ is set to break barriers and redefine the crypto space.<\/p>\n

As it facilitates an inclusive Web3 ecosystem, the $LPX token is proving itself a promising opportunity for investors. Whether you’re new to the crypto world or a seasoned investor, Launchpad XYZ is one platform you can’t afford to overlook in 2023.<\/p>\n

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Explore the latest Web3 presale projects, P2E Hub for gaming, the Metaverse Experience Library, and the Trading Terminal for an immersive experience.<\/p>\n

Future developments include a marketplace for fractionalized assets, a Trading Edge Game, and creator tools for brands.<\/p>\n

Don’t miss out on the opportunity to invest in Launchpad XYZ, a promising project with the potential for significant growth.\u00a0<\/p>\n

For more information, visit Launchpad XYZ today, also stay tuned with the project Twitter<\/a> and Telegram to receive all of the latest updates and team news.<\/p>\n

Buy LPX Here<\/strong><\/p>\n

.<\/sub>Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.<\/sup><\/i><\/p>\n<\/p><\/div>\n