What is a NEO coin?

As you can see, NEO is already far ahead of Ethereum in terms of the consensus mechanism . In the NEO vs Ethereum battle, dBFT makes it possible for NEO to be more scalable than Ethereum. Ethereum is still using a very expensive and inefficient consensus mechanism (PoW).

As per the NEO forecast, the price of the coin is expected to reach $50 by the beginning of 2025 . According to NEO forecast, the expected maximum price is $53.62, minimum price $36 for 2025. The NEO price prediction for the end of 2022 is around $18.85.

NEO, thanks to its great potential, is a better long-term investment than many other cryptocurrencies . A release of N3 is a springboard for the NEO price.

The NEO token is the main cryptocurrency powering the Neo blockchain and can be used for holding, sending, spending, and staking . NEO’s main use case is that it allows those who stake it the right to vote on upgrades to the network’s parameters. Staking NEO grants users a portion of the block rewards, paid in GAS.