Home Finance NEO (NEO) Vs. OmiseGO (OMG) – Analysis And Long-Term Prediction

NEO (NEO) Vs. OmiseGO (OMG) – Analysis And Long-Term Prediction

0
SHARE

NEO (NEO) is a cryptocurrency that offers the environment for smart contract and decentralized applications development. On the other hand, OmiseGO (OMG) is created on the Ethereum (ETH) blockchain technology and comes with a platform that’s trying to resolve the issues of fiat money and cryptos exchange. But which one between NEO (NEO) and OmiseGO (OMG) is better in the long-term?

NEO (NEO) Prediction On The Long-Term

NEO/USD price increased about two weeks ago, starting on Monday, March 19th, as a result of the Financial Stability Board (FSB) decision to not regulate cryptocurrencies, at least for the moment.

The coin kept on increasing on March 20th, hitting a high of $75.20. Since then, however, NEO (NEO) is showing a continuous downtrend as it is trading today at $46.84, recording a 9.10% decrease in the last 24 hours.

The Financial Stability Board (FSB) announced in March that the “FSB’s initial assessment is that crypto-assets do not pose risks to global financial stability at this time.”

That decision was expected to surge the cryptocurrencies prices and it did for a short period of time. Afterward, a decline was observed and NEO (NEO) is one of the cryptos which lost about 40% in a little more than 2 weeks.

For 2018, NEO (NEO) is believed to recover to higher grounds but in the long-run NEO (NEO) is predicted to surge by 1653% by the end of 2023.

OmiseGO (OMG) Prediction On The Long-Term

In the same time period as in the NEO’s case, OmiseGO (OMG) traded on March 19th at about $11, gaining 8.31% against the USD. In fact, February and March were two of the best weeks for OmiseGO (OMG).

OMG has attempted to recover to above $14, a value kept by the coin from mid-February until around mid-March. In fact, OMG declined against the USD starting with February 28th.

At the moment of this article, OmiseGO (OMG) is trading at $8.59, recording a 6.85% decline in the last 24, thus, it lost about 22% since March 19th, despite the good news.

Despite the fact that the sentiment is still bearish, at the moment, regarding OmiseGO (OMG), on the long-run, OmiseGO (OMG) is predicted to surge by 917% by the end of 2022.

The Bottom Line

According to the long-run predictions, NEO (NEO) seems to surge about 2 times more than OmiseGO (OMG). More exact, NEO (NEO) is predicted to surge by about 1653%, while the OmiseGO (OMG) is predicted to surge only by 917%. However, both increases are huge and could return big profits but nobody can tell what the future reserves for the high-volatile cryptocurrencies market.