Is Neon EVM (NEON) a Good Investment?

Investing in Neon EVM (NEON) offers several potential advantages, primarily stemming from its unique position as a bridge between Ethereum and Solana ecosystems:1. Scalability and Efficiency: Neon EVM leverages the Solana blockchain's high transaction speeds and low gas fees. Ethereum dApps running on Neon EVM can operate more efficiently, potentially leading to increased use and value.2. Familiar Development Environment: It offers a familiar environment for Ethereum developers, allowing them to write dApps in languages they are accustomed to, like Solidity. This ease of transition could attract more developers to the platform.3. Ecosystem Access: By being the first EVM on Solana, Neon EVM provides access to Solana's growing ecosystem, including SOL and native Solana assets (SPL tokens), which could benefit investors looking to diversify their portfolios.4. Governance Participation: As a governance token, NEON allows holders to participate in decision-making processes about the platform's future, giving investors a say in its development.5. Market Performance Potential: According to some analyses, NEON has shown potential for growth in value. However, it's important to note that cryptocurrency investments are subject to market risks, and predictions can be speculative.6. Diverse Applications: Neon EVM supports a range of applications, from dApp deployment to transactions, and participates in governance through the Neon DAO.7. First-Mover Advantage: Being the first Ethereum-compatible environment on Solana, Neon EVM could benefit from first-mover advantages, capturing a unique market segment before potential competitors.

What Is Neon EVM Price Prediction?

While we cannot offer an accurate NEON crypto price prediction over any timeframe owing to the volatile nature of the crypto market, monitoring the following factors could help you better understand the price changes in Neon EVM coin: 1. Market Demand for NEON Tokens: The basic principle of supply and demand drives the NEON token price. Increased demand for NEON, possibly due to its unique features or growing popularity, can lead to a rise in the Neon EVM price.2. Overall Crypto Market Trends: The broader cryptocurrency market trends significantly impact the $NEON price. If the general market is bullish, NEON, like other cryptocurrencies, may increase the NEON to USD price and vice versa.3. Future Developments in the Neon EVM Roadmap: Advances in Neon EVM's technology, successful updates, or new feature rollouts can positively influence investor sentiment, thereby potentially increasing the NEON crypto price.4. Level of Adoption of Neon EVM Bridge: The extent to which Neon EVM is adopted for real-world applications can impact the NEON coin price. Higher adoption by developers and users for deploying dApps on the network can increase the Neon EVM value.5. Partnerships and Collaborations: Strategic partnerships with other blockchain projects or companies can enhance the token's credibility and utility, influencing the Neon EVM price.6. Community and Developer Support: A strong, active community and continuous development can increase trust and sustained growth, positively impacting the NEON EVM token price.

Who Are Neon EVM’s Partners and Investors?

Neon EVM raised $40 million in a private token sale round. This funding round was led by Jump Capital, with significant contributions from other prominent investors such as Three Arrows Capital, Solana Capital, Rockaway Blockchain Fund, Ethereal Ventures, and IDEO CoLab Ventures.Neon EVM has collaborated with Swing to enable cross-chain liquidity between Solana and Ethereum via EVM networks. This partnership is significant as it aims to facilitate the transfer and trading of assets between these two major blockchain ecosystems, potentially enhancing the DeFi (Decentralized Finance) landscape by providing more fluidity and interoperability in asset trading.

How to Buy Neon EVM (NEON)

Price of Neon EVM (24h)$0.9067457089981142

-2.71%

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Interested in buying Neon EVM (NEON) or exploring other cryptocurrencies? This is the right place for you! KuCoin offers safe and easy ways to let you buy Neon EVM (NEON) instantly wherever you are! Check out all the ways you can buy NEON on KuCoin.

Buy Neon EVM (NEON) on KuCoin in Four Simple Steps

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Buy Neon EVM (NEON)

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Choose How You Want to Buy Neon EVM on KuCoin

Buying cryptocurrencies is easy and intuitive on KuCoin. Let's explore the different ways of buying Neon EVM (NEON).

Buy Neon EVM (NEON) with crypto on the KuCoin Spot Market

With support for 700+ digital assets, the KuCoin spot market is the most popular place to buy Neon EVM (NEON). Here's how to buy:

1. Buy stablecoins such as USDT on KuCoin using the Fast Trade service, P2P, or through third-party sellers. Alternatively, transfer your current crypto holdings from another wallet or trading platform to KuCoin. Make sure your blockchain network is correct, since depositing crypto to the wrong address may result in loss of assets.

2. Transfer your crypto to a KuCoin Trading Account. Find your desired Neon EVM (NEON) trading pairs in the KuCoin spot market. Place an order to exchange your existing crypto for Neon EVM (NEON).

Tip: KuCoin offers a variety of order types to buy Neon EVM (NEON) in the spot market, such as market orders for instant purchases and limit orders for buying crypto at a specified price. For more information about order types on KuCoin, click here.

3. As soon as your order is successfully executed, you will be able to see your available Neon EVM (NEON) in your Trading Account.

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How to Store Neon EVM (NEON)

The best way to store Neon EVM (NEON) varies based on your needs and preferences. Review the pros and cons to find the best method of storing Neon EVM (NEON).

Store Neon EVM in Your KuCoin Account

Holding your crypto in your KuCoin account provides quick access to trading products, such as spot and futures trading, staking, lending, and more. KuCoin serves as the custodian of your crypto assets to help you avoid the hassle of securing your private keys on your own. Make sure to set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.

Hold Your Neon EVM in Non-Custodial Wallets

"Not your keys, not your coins" is a widely recognized rule in the crypto community. If security is your top concern, you can withdraw your Neon EVM (NEON) to a non-custodial wallet. Storing Neon EVM (NEON) in a non-custodial or self-custodial wallet grants you complete control over your private keys. You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you wish to trade your Neon EVM (NEON) frequently or put your assets to work. Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your Neon EVM (NEON).

What Can You Do with Neon EVM (NEON) on KuCoin?

Hold

Store your Neon EVM (NEON) in your KuCoin account.

Trade

Trade Neon EVM (NEON) in the spot and futures markets.

Earn

Earn passive income by staking or lending Neon EVM (NEON).

Why Is KuCoin the Best Platform to Buy Neon EVM (NEON)?

Safe and Trusted

Our regular Proof of Reserves (PoR) mechanism ensures that customer funds are backed by 1:1 real assets. KuCoin was named one of the Best Crypto Exchanges by Forbes in 2021 and selected by Ascent as the Best Crypto App in 2022.

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KuCoin supports more than 700 cryptocurrencies and is the best place to find the next crypto gem. Buy Neon EVM and trade it against various digital assets on KuCoin.

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FAQ

Is MAGIC a Good Investment?

MAGIC is an interesting crypto token to add to your portfolio, especially if you wish to diversify into the metaverse, NFT, and GameFi sectors. As one of the leading metaverse tokens on Arbitrum, MAGIC has good potential for growth as these industry sectors mature.

The MAGIC price could experience an uptrend as more games and metaverse projects launch on Treasure. This could increase engagement among the TreasureDAO community and bring in more users, driving up the demand for the $MAGIC token and increasing its value in the market.

MAGIC’s price could also rise as the crypto market sentiment turns bullish. A positive market sentiment increases investors’ risk appetite and drives up the demand for crypto assets like Treasure’s native token, supporting the price of MAGIC cryptocurrency.

What Is MAGIC Price Prediction?

While it is impossible to offer an accurate MAGIC price prediction over any duration, several fundamentals determine price action and volatility in the token. These include:

Level of Adoption

As more developers build gaming and metaverse projects to launch on Treasure, the value of MAGIC crypto could increase. Adding new offerings contributes to higher demand for the token, boosting the MAGIC price statistics.

Use Cases for MAGIC Token

When TreasureDAO votes on proposals to introduce more applications for the MAGIC token, the value of the crypto could increase. Making the crypto more versatile, beyond using it as native currency or for governance, can make it more appealing to hold MAGIC among investors and Treasure community members.

Number of Partnerships and Integrations

When Treasures announces more partnerships with established crypto or mainstream businesses for developing new projects, investor confidence in its token strengthens. Such a sentiment can also power an uptrend in the MAGIC price.

Market Outlook

A positive outlook towards the digital asset market and sectors like metaverse, GameFi, and NFTs also play an essential role in driving the value of MAGIC crypto. On the other hand, a bearish or risk-averse sentiment can weaken the MAGIC token price by causing sell-offs in the market.

How to Use MAGIC Token

$MAGIC is the native crypto asset of the Treasure ecosystem and TreasureDAO. It has the following key use cases:

Native Currency

You need to hold and use MAGIC to play games, compete in quests, buy and mint NFTs, and power them to generate revenue streams. Players can also earn MAGIC by participating in games, mining, and engaging with the Bridgeworld metaverse.

Governance

As a MAGIC token holder, you can join the TreasureDAO and participate in the ecosystem’s decentralized governance mechanism. Enjoy voting rights on proposals or submit new proposals that decide on the future development of Treasure’s decentralized metaverse ecosystem.

Staking

You can stake or lock up your MAGIC holdings Treasure to earn rewards and interest, growing your crypto portfolio. A convenient way to do this is via the Atlas Mine in Bridgeworld.

Crypto Asset to Trade and HODL

Trade MAGIC against other cryptocurrencies to profit from changing market conditions and volatility. You can buy or sell MAGIC crypto or hold it long-term if you believe in the future potential of the Treasure project. Review the current price of MAGIC crypto, current market cap, current circulating supply, and 24-hour trading volume, and perform technical, sentiment, and fundamental analysis on the MAGIC price chart before trading Treasure’s crypto.

How Many MAGIC Coins Are There?

Out of the total supply of around 350,000,000 MAGIC tokens, the circulating supply of MAGIC crypto stands at a little over 212,000,000 as of March 2023.

The token distribution of MAGIC as per the Treasure project’s tokenomics is listed below:

1. 33% of the MAGIC supply was allotted to the Treasure farm.

2. 25% was kept for mining

3. 17% was set aside for staking/liquidity-related activities.

4. 15% of MAGIC tokens went to the Treasure ecosystem fund.

5. 10% of the tokens were distributed to the team of developers.

Who Are Treasure’s Partners and Supporters?

Treasure has several renowned businesses that it counts as partners and supporters. Some examples include Merit Circle, Jiho Axie Infinity, DeFi Vader, METAT8, Digital Strategies, BlackPool, 1kx, NEON, and more.

Neon EVM (NEON) Price Analysis

Live Price

The live price of NEON is 0.8626 USD, representing an increase of 14.34% in the past 7 days and -2.71% decrease in the past 24 hours.

Historical Trends

The all-time high of NEON was 3.86 USD on 12-27, 2023, from which the coin is now down -77.68%.
The all-time low of NEON was 0.0537 USD, from which the coin is now up 93.77%.

ATL$ 0.0537

ATH$ 3.86

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Disclaimer

Given the nature of the crypto market, the price of Neon EVM (NEON) is subject to high market risk and price volatility. We recommend you invest in digital assets only after you understand how they work and their associated risks. Other factors to consider when devising your crypto investment strategy include your experience level, financial situation, investment objectives, and risk tolerance. You could also consult an independent financial advisor before buying cryptocurrencies. The above information is not financial advice, and past performance is not a reliable indicator of how the market will fare in the future. The value of your investments and assets may rise or fall based on market conditions, and there is no guarantee that you will get back the amount you invest or profit from your investments. Your investment decisions are your sole responsibility, and KuCoin is not responsible for any losses you may incur when you buy crypto on its platform. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information is provided to you solely for informational purposes and is not warranted by KuCoin.