Neon EVM is an Ethereum-compatible platform on Solana. It lets creators of smart contracts use coding languages like Solidity and Vyper. Solana’s low gas rates and great speed help this platform. It also lets Ethereum dApps like UniSwap run on Solana with little code modification.
Launched in June 2023, the Neon EVM project is represented by NEON as the coin. Its current market capitalization is 33.38 million. From its start, it has increased over 3,000%, reaching a high point in December 2023.
Our NEON cryptocurrency price prediction considers many elements, including technical chart analysis, macroeconomic conditions, token utility, and market hype.
Neon EVM Price Update
- The current real-time price update for Neon EVM (NEON) is $0.61599.
- Our analysis predicts a 3.82% decrease in NEON’s price, potentially reaching a low by July 28, 2024.
- Technical indicators show a 39% bearish market sentiment for Neon EVM. The Fear & Greed Index is 68, indicating a greed-driven market.
Over the past 30 days, Neon EVM has shown the following:
- 30% green days (9 out of 30 days)
- Price volatility of 20.19%
Neon EVM Price Prediction For The Next 6 Years
Forecasts for the Neon EVM coin show an average price of $5 in 2024. Tokenomics studies and technical analysis suggest that the token may peak at $9 by year’s end.
Price Prediction for 2025
Cryptocurrency experts expect the NEON cryptocurrency to exchange between in 2025:
- $3.5
- $12
NEON Price History
Our NEON cryptocurrency price projection takes many elements into account. These are technical chart analysis, macroeconomic conditions, token utility, and market hype.
Launched in June 2023, NEON is a Token Native to the Solana Blockchain (Solana Program Library). Two sales: a private sale where the tokens were vested and a public sale where the tokens were immediately available to distribute the tokens after launch. NEON dropped to an all-time low of $0.053 in late August 2023, shortly following its introduction.
The Neon EVM project began in 2021, with the team raising $40 million from investors, including Three Arrow Capital, Solana Capital, and IDEO CoLab Ventures.
Following the Solana Breakpoint event in November 2023, where the Neon team gave a speech on constructing Neon, NEON’s price started rising. This speech also revealed a collaboration between Neon EVM and deBridge to provide interoperability with other blockchains like Polygon and Avalanche.
Following the Solana Breakpoint event, numerous projects built on Solana skyrocketed in price alongside the native coin SOL, continuing for two months.
NEON topped all previous records in December 2023 at $3.86. It dropped to $2.50 a few days later, but early in January 2024, it tried to soar again.
Neon Price Prediction for 2024
Following its peak in January 2024, NEON has dropped to approximately $1, a significant support level predicted to remain constant, especially if Bitcoin sees a comeback once the SEC approves Bitcoin spot ETFs.
Solana Breakpoint, followed by SPL tokens, saw a significant price rise. The enthusiasm around fresh blockchain initiatives and developers helped to fuel this boom to some extent. Still, a good amount of the price rise could be ascribed to airdrop incentives from well-known Solana systems such as Pyth and Jito.
Projects that announce an airdrop will likely enjoy good performance, given the forthcoming JUP airdrop from Jupiter, a top Solana aggregator, and continuous airdrops from other meme tokens. To be qualified for airdrop incentives, investors and airdrop aficionados are expected to purchase, stake in, or interact with these tokens.
Neon recently introduced Neon Points. Although the team has yet to state if these points will result in an airdrop, past Solana-based initiatives have used similar point systems. Thus, those interested in NEON airdrops might be urged to purchase the token, increasing its demand and price.
While NEON may test its resistance level around $3.40 in response to this rise in demand, the trading activity of Bitcoin (BTC) and Solana (SOL) will most certainly affect its performance. Should BTC and SOL show poor performance, NEON might find climbing difficult.
Following the Bitcoin halving event, which will likely set off a huge crypto bull run, NEON may see a significant price rise, reaching $9.
Changelly’s analysts estimate that NEON’s maximum price this year might be $2.87.
Neon Price Prediction for 2025
Following a good year in 2024, the bull market may peak in 2025 and start to fall, which would lower NEON pricing for most of that year than in 2024.
NEON may be unique, though, since it links important cryptocurrencies such as Bitcoin and Ethereum. With additional Ethereum Layer 2 solutions and other Layer 1 blockchain added, Neon EVM could draw investors from different Blockchains, supporting its price better than other cryptocurrencies.
Neon EVM is a utility and governance token; hence, users will have to pay fees in NEON tokens. The demand for the token can increase when Neon EVM combines more blockchains.
Moreover, based on its whitepaper, Neon EVM seeks to improve blockchain interoperability and incorporate NFTs. With applications on Ethereum and other blockchains using Solana’s speed and low transaction fees for minting NFTs, this might help the NFT creator economy.
Neon Price Prediction from 2026–2030
There isn’t a roadmap for Neon EVM beyond 2024. Still, the long run is bright since developers across blockchains value it.
The market will see cycles of highs and lows from 2026 to 2030; some cryptocurrencies will hit fresh highs or lows. Neon EVM is ideally positioned to help at these times.
For example, MYSO is a DeFi lending tool on Ethereum, newly introduced on Neon EVM to provide Ethereum users with reduced gas costs and speedier transactions. With Solana, this emphasizes the increasing possibility of linking dApps across several blockchains.
Our forecasts see NEON trading between $3 and $8 in 2026 and attaining an all-time high of $25 by 2030.
More wary are DigitalCoinPrice analysts, who project NEON trading around $15.31 in January 2031.
Different Analysts and Different Predictions
Different sources affect the neon price prediction. We have compiled NEON price predictions from several professionals to offer a general picture of what to expect in the following years.
- Changelly analysts project NEON’s trading between $1.74 and $2.42 over 2024. By December 2030, NEON should have a maximum price of $25.74.
- With NEON offering around $2.50 in 2024 and an average price of $24.45 by the end of the decade, PricePrediction.net presents a similar estimate.
- Experts at CoinCodex think NEON will sell for a maximum of $2.76 in 2025. Their 2030 estimate is more conservative, though, with a maximum price of $9.95.
- DigitalCoinPrice experts predict NEON trading between $1.41 and $3.42 in 2024 and between $10.56 and $11.67 in 2030.
- TechNews Leader analysts offer a similar range, projecting NEON to trade between $1.84 and $2.17 in 2024 and peak at $19.37 in 2030.
What is Neon, and How Does it Work?
The utilities and governance token for the Neon EVM project is NEON. NEON can be used to pay for gas expenses for projects constructed on the Neon EVM mainnet or voted in Neon EVM governance.
Utilizing Solana’s speed and low cost, Neon EVM is a scaling solution for Ethereum dApps. This lets Ethereum developers create their programs on Neon EVM using known coding languages, including Solidity and Vyper, and tools like MetaMask. Given Solana’s transaction speed and low gas fees, Neon EVM does away with Layer 2 blockchains.
Basics of Neon EVM
Where to Buy Neon EVM In 2024?
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Final Thoughts
NEON is the governance and utility token for the Neon EVM project. This initiative should allow Ethereum developers to use familiar code. They will benefit from Solana’s low fees and fast speed.
Still, before investing, you should do extensive research. We advise reading about several prominent cryptocurrencies before deciding what to invest in.
