Although the price of NEO went up 30% in the last few day, there are a few incoming events that would pump the price even more. I am writing this post on Sep 27. We are 13 hours away from COINNEST adding NEO into their exchange. COINNEST is not a big exchange, in fact; they only trade a few coins: BTC, ETH, ETC, BBC and QTUM. From the 29th of this month, NEO will come to place as well.
COINNEST is not the most popular crypto exchange in Korea, however, it is the first exchange that add NEO in Korea, so it is a matter of time that others will follow. According to my analysis, this event will increase the price of NEO close to $40USD for a couple of days. then it should go down a bit for to consolidating between $33 to $37. This price will last for a few days until we start getting close to the lunch of RED PULSE ICO on Oct 9, which is when the price will increase again. This time we will be above $40USD.
From this point the price of NEO is a bit blurry because China place an important role at this point, but if China announce in the beginning of this coming month the good news, the price of NEO can change rapidly to $70USD.
Lets' see if my gov china insider is reliable!!
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