Neon EVM Price Prediction 2024, 2025, 2030

Neon EVN crypto project

Neon EVM is an Ethereum-compatible environment on Solana, which allows developers to use coding languages like Solidity and Vyper to deploy Ethereum smart contracts while using the low gas fees and throughput of Solana. In essence, Neon EVM allows Ethereum dApps like UniSwap to run on Solana with virtually no changes in the code.

NEON, the utility and governance token of the Neon EVM project launched in June 2023. Despite that, NEON already has a market cap of over $90 million, returning over 3,000% between the token launch and its peak in December 2023.

Our NEON token price prediction considers multiple factors that affect its price, including macroeconomics, token utility, market hype as well as technical analysis of price charts.

NEON Price Prediction Summary

  • Neon EVM token (NEON) was launched in the summer of 2023 via public sale.
  • NEON peaked at $3.86 in December 2023.
  • Our NEON token price predictions estimate a price of $9 by the end of 2024.
  • According to our 2025 Neon EVM token price forecast, NEON could trade at $12 at its peak.

Neon EVM Price Prediction 2024-2030

  • Our Neon EVM token price forecast points to an average price of $5 for 2024.
  • Based on our NEON price prediction, the token could trade as high as $9 by the end of 2024.
  • Our technical analysis and tokenomics research forecasts the NEON token trading between $3.5 and $12 in 2025. 
  • The Neon EVM token price prediction for 2030 shows the potential for a $25 high.

Year Potential Low Average Price Potential High
2024 $1 $5 $9
2025 $3.5 $7.75 $12
2026 $3 $5.5 $8
2030 $12 $18.5 $25

NEON Price History

NEON is an SPL (Solana Program Library) token native to the Solana blockchain. This is a relatively new token, launched in June 2023. The tokens were distributed via two token sales: a private sale and a public sale where the private sale tokens were vested, while the public sale tokens were available immediately after launch. Soon after launch, the token saw an all-time low of $0.053 in late August of 2023.

The Neon EVM project isn’t new, however. In 2021, the team behind NEON raised $40 million from IDEO CoLab Ventures, Solana Capital, Three Arrows Capital and other investors. 

NEON’s price started to take off after the Solana Breakpoint event in November 2023 where the Neon team had a keynote presenting how to build Neon on Solana. The keynote revealed a partnership between Neon EVM and deBridge, which allows other blockchains like Polygon and Avalanche to be interoperable with Neon EVM.

After the Solana Breakpoint event, the native coin SOL as well as most projects built on Solana saw a price surge that extended for two months.

In December 2023, NEON reached an all-time high of $3.86. In a few days, it dropped to $2.5 and then attempted to break higher again in early January 2024. 

Neon USDT price chart

After failing to make all-time highs in the first half of January 2024, the price retreated to $1, which is an important support level.

Neon price history key points:

  • NEON launched in the summer of 2023 via a private sale for $0.1 apiece.
  • It peaked in December 2023 at $3.86.
  • The lowest price since launch was $0.053 in August 2023.
  • Neon has a market cap of $84 million from 57 million tokens in circulating supply.

Neon Price Prediction 2024

After peaking in January 2024, NEON retreated to around $1. This is a major support level that is likely to hold, especially if Bitcoin resumes the rally after the Bitcoin spot ETFs were officially approved by the SEC.

After Solana Breakpoint, SPL tokens saw a massive surge in price, part of it fueled by optimism due to multiple projects and developers building on the blockchain. But a large part of the rally was fueled by airdrop rewards from popular Solana protocols, such as the Pyth airdrop and the Jito airdrop.

With the upcoming JUP airdrop from the leading Solana aggregator, Jupiter, and constant airdrops from various meme tokens, projects that promise an airdrop are likely to perform well as investors and airdrop farmers will likely purchase the relevant tokens, stake them or participate in any way to become eligible for an airdrop.

Neon Points
Neon has recently introduced Neon points. The team hasn’t explicitly said that the points will qualify you for an airdrop, but seeing other Solana protocols use the point system specifically for airdropping tokens and rewards, whoever wants to become eligible for a NEON airdrop is likely to buy the token, thus increasing demand for the token and the token price itself.

This could fuel another surge as NEON could attempt to break its resistance level of around $3.40. However, this will likely depend on how BTC and SOL are trading. It’s hard to imagine a rally in NEON if the two major coins are trading lower.

The major push to our predicted price of $9 is likely to happen after the Bitcoin halving event, which is when the true bull run in crypto is expected to happen.

Experts at Changelly, however, see NEON trading at a maximum price of $2.87 this year.

Neon Price Prediction 2025

After a potentially bullish year of 2024, 2025 could see the peak of this bull cycle and start to see prices unwind. This means NEON could trade lower for most of 2025 than in 2024.

However, NEON could be an outlier as it connects the two largest cryptocurrencies by market cap, excluding stablecoins and Bitcoin. Moreover, by adding additional Ethereum Layer 2s and perhaps other Layer 1 blockchains, Neon EVM is likely to be exposed to investors from multiple blockchains who could potentially support the token, thus keeping the price higher compared to other cryptocurrencies.

Given that NEON is a utility token on top of being a governance token, means that whoever wants to use Neon EVM will have to pay fees in NEON tokens. With more blockchains added to Neon EVM’s portfolio, this is likely to increase real demand for the token.

By improving blockchain interoperability, Neon EVM also aims to integrate NFTs as well, per the Neon EVM whitepaper. This opens new possibilities for the NFT creator economy where projects on Ethereum and other blockchains could use the speed and low transaction fees of Solana to mint their NFTs.

Neon Token Price Forecast Long-Term Outlook – 2026-2030 Predictions

Neon EVM doesn’t have a roadmap that extends beyond 2024. However, the long-term outlook is positive due to the value this project offers to developers across blockchains.

Between 2026 and 2030, the market is likely to go through another bull/bear cycle, meaning we could see all-time highs and potentially all-time lows for some cryptocurrencies. Neon EVM is well positioned to take advantage during times like these.

For example, MYSO, a DeFi lending protocol on Ethereum recently launched on Neon EVM to bring Ethereum users low gas fees and fast transaction finality. This goes to show that the potential to connect dApps from various blockchains with Solana is likely to continue to grow year after year.

That said, our NEON price prediction sees the token trading between $3 and $8 in 2026, and make all-time highs of $25 sometime in 2030.

Experts at DigitalCoinPrice are slightly pessimistic about NEON’s long-term price and see the token trading at $15.31 in January 2031.

Potential Highs & Lows of Neon Token Price

NEON is an SLP token built on the Solana blockchain but it’s designed to give developers from other blockchains like Ethereum and Polygon the option to use Solana’s transaction speed and low gas fees for their dApps.

Being a fairly new token, launched in the summer of 2023, the token has already returned over 3,000% to early investors and it now has over $90 million market cap. This gives NEON room to grow.

Given that NEON is using Solana, a large part of the token price depends on how SOL performs. However, Neon EVM connects multiple blockchains, all of which will use NEON to pay transaction fees, and NEON can tap into multiple revenue streams at the same time.

Because of that, and because there are potentially bullish events happening this year that could make one of the most profitable bull runs, these are our NEON price predictions between 2024 and 2030:

Year Potential Low Average Price Potential High
2024 $1 $5 $9
2025 $3.5 $7.75 $12
2026 $3 $5.5 $8
2030 $12 $18.5 $25

What do Other Analysts Predict for Neon Token?

Neon price predictions depend on who you ask. We collected NEON token price predictions from various experts in the field to give you an overview of what to expect in the years to come.

Changelly experts see NEON trade between $1.74 and $2.42 throughout 2024. By December 2030, they are more optimistic and see NEON exchange hands at a maximum price of $25.74.

Price forecasts from PricePrediction.net have a similar price prediction where NEON would trade around $2.50 in 2024 and an average price of $24.45 by the end of this decade.

CoinCodex experts believe NEON will be priced at a maximum of $2.76 in 2025. Their 2030 price prediction is pessimistic compared to other experts. The maximum NEON price in 2030 will be $9.95, based on the CoinCodex price prediction.

Crypto experts at DigitalCoinPrice see NEON trading between $1.41 and $3.42 in 2024 and between $10.56 and $11.67 in 2030.

A similar price range comes from experts at TechNewsLeader where NEON could trade between $1.84 and $2.17 and peak at $19.37 in 2030.

What is Neon and What is it Used for?

NEON is the utility and governance token of the Neon EVM project. This means you can stake NEON to vote in the Neon EVM governance or use NEON to pay for the gas fees for applications you built on the Neon EVM mainnet.

Neon EVM, on the other hand, is a scaling solution for Ethereum dApps that use the speed and low cost of Solana. Because of that, Ethereum developers can use coding languages they are familiar with like Solidity and Vyper, and use tools like MetaMask, to build their programs on Neon EVM. Technically, Neon EVM removes the need for Layer 2 blockchains as Solana’s transaction speed and low gas fees solve these issues.

This is how a transaction works on Neon EVM with Ethereum dApps:

  1. A user initiates a transaction, which is sent to a Neon RPC.
  2. The Ethereum API sends the transaction to the Neon proxy.
  3. Both Solana and Neon EVM record the change.

How Neon EVM works

Neon EVM Overview

Cryptocurrency Neon EVM
Ticker Symbol NEON
Rank 358
Price change 24H -5.30%
Market cap $92 million
Circulating supply 57 million
Trading volume 24h $6.5 million
All-time high $3.86
All-time low $0.05373

What Influences the Price of Neon?

Multiple factors can influence the NEON token price, including macroeconomic factors such as interest rates and inflation, market factors such as a bull/bear market in crypto, as well as hype. 

Another factor that can directly impact the NEON token price is the project development. The more Ethereum dApps decide to scale and use Neon EVM, the higher the demand for the NEON token. Also, since Neon EVM uses Solana, the price of SOL is also likely to affect NEON’s price.

Is Neon EVM a Buy?

NEON has already returned over 3,000% to early investors. However, the token has more room to grow; Its market cap is over $90 million, making it the 358th crypto token on CoinMarketCap, and it is yet to be listed on major exchanges.

Moreover, not every dApp has decided to tap and use Neon EVM as their scaling solution, meaning we could still see massive growth if developers decide to use this approach.

Because of that, the NEON token could be a great buy, especially when it’s trading below all-time highs of $3.86.

Best Place To Buy Neon EVM In 2024

Launched in 2018 and headquartered in Dubai, Bybit is one of the top crypto exchanges offering low trading fees, high leverage options up to 100x for specific contracts, and high-security features. 

Originating as a derivatives exchange, Bybit has diversified to include spot trading. Its advanced trading engine is designed to support up to 100,000 transactions per second, allowing fast and stable trade execution.

Bybit has an attractive fee schedule, with maker fees beginning at 0.06% and taker fees at 0.01%, with even more advantageous rates available for VIP clients. 

ByBit Exchange

The exchange uses strong security measures, including cold storage for assets and two-factor authentication, ensuring a secure trading environment. 

It also allows free deposits and offers many additional services, including a mobile application, a trading bot, the Bybit Card for easy fund access, Launchpool for staking, and referral and VIP programs.

Conclusion

NEON is the governance and utility token of the Neon EVM project, which is designed to help Ethereum developers take advantage of Solana’s low transaction costs and transaction speed, while still using coding languages they are familiar with.

However, it’s important to do your due diligence before you invest your hard-earned money, which is why we recommend comparing the best cryptocurrencies to buy before making a decision.

References

  1. https://www.coindesk.com/business/2021/11/09/neon-labs-raises-40m-to-bring-evm-functionality-to-solana/
  2. https://solana.com/breakpoint
  3. https://www.youtube.com/watch?v=ec2z-O7r0BE
  4. https://medium.com/@neon_evm/breaking-boundaries-neon-evms-integration-with-debridge-fc9f96d5a1f1
  5. https://www.reuters.com/technology/bitcoin-etf-hopefuls-still-expect-sec-approval-despite-social-media-hack-2024-01-10/
  6. https://pyth.network/airdrop
  7. https://airdrop.jup.ag/
  8. https://neonevm.org/blog/neon-points
  9. https://www.coinbase.com/learn/crypto-basics/what-is-a-bitcoin-halving
  10. https://neonevm.org/whitepaper.pdf
  11. https://medium.com/@neon_evm/myso-brings-defi-lending-innovation-to-neon-evm-ecosystem-c09a6e467152

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Kliment Dukovski

Kliment Dukovski is a cryptocurrency and investments writer. He's written over 1,000 articles to help readers understand complex crypto and investment subjects, as well as to find the best cryptocurrency products to meet their needs. His expert commentary has been featured in Fox Business, MSN Money and MediaFeed.