The NEO to USD exchange rate is a critical metric for investors and enthusiasts tracking the value of this prominent digital asset. This guide provides a detailed look at the current conversion rate, key market statistics, and historical performance data to help you make informed decisions.
Understanding the Current NEO to USD Exchange Rate
As of the latest update, one NEO token is valued at approximately 5.26 US dollars. This represents a decrease of 2.7% compared to its value 24 hours prior. The NEO to USD price is highly dynamic, reflecting the constant fluctuations within the cryptocurrency market driven by supply, demand, and broader economic factors.
Monitoring this rate is essential for anyone looking to buy, sell, or trade NEO using US dollars.
Key NEO Market Statistics
To fully understand the NEO ecosystem, several key metrics provide crucial context beyond the simple price.
- Market Capitalization: The total market value of all circulating NEO tokens is approximately $371.09 million. This figure is calculated by multiplying the current price by the total circulating supply, offering a snapshot of the asset's overall size and significance in the market.
- 24-Hour Trading Volume: Over the last day, the total trading volume for NEO reached $17,018,676. High trading volume often indicates strong investor interest and can contribute to price liquidity and volatility.
Historical NEO to USD Performance Analysis
Examining historical data reveals important trends in NEO's value over different timeframes.
24-Hour Change
Over a short-term period of 24 hours, the value of NEO decreased by 2.7% against the US dollar. This kind of movement is common in crypto markets and can be influenced by daily trading activity and news events.
One-Month Change
Looking back one month, the price decline becomes more pronounced. NEO has decreased in value by 10.9% over the past 30 days. This medium-term trend can indicate shifting market sentiment or reactions to broader ecosystem developments.
One-Year Change
The most significant change is visible in the annual comparison. Over the past year, NEO's value has decreased by 54.1% against the US dollar. This long-term perspective highlights the extended bearish trend or market correction that has affected the asset, underscoring the high-risk, high-volatility nature of cryptocurrency investments.
A detailed breakdown of these changes for various investment amounts is provided in the tables within the original data.
Converting NEO to Other Global Currencies
Beyond the US dollar, NEO can be converted into a wide array of other fiat currencies. The exchange rates fluctuate alongside the NEO/USD pair but are also affected by the forex market's valuation of each national currency.
Some of the most popular conversion pairs include:
- NEO to Euro (EUR): ~4.64 EUR
- NEO to British Pound (GBP): ~3.97 GBP
- NEO to Japanese Yen (JPY): ~750.5 JPY
- NEO to Canadian Dollar (CAD): ~7.33 CAD
These conversions are vital for international traders and users who operate outside the US dollar economy.
How to Convert NEO to USD
Converting NEO to US dollars is a straightforward process typically conducted on cryptocurrency exchanges. You can deposit your NEO tokens into a supported exchange platform, place a sell order on the NEO/USD trading pair, and receive US dollars in your exchange wallet. These dollars can then be withdrawn to your bank account. For those seeking advanced trading features and real-time conversion tools, you can explore more strategies on major digital asset platforms.
It is always crucial to check the live conversion rate immediately before executing any trade to ensure you receive a fair market price.
Frequently Asked Questions
What does the NEO to USD conversion rate mean?
The NEO to USD conversion rate indicates how many US dollars one NEO token is worth at any given moment. It is the primary benchmark for valuing NEO in the world's leading reserve currency.
How can I buy NEO with USD?
You can purchase NEO with USD on most major cryptocurrency exchanges. The process usually involves creating an account, completing identity verification, depositing USD, and then using those funds to buy NEO at the current market rate.
How much NEO can I get for 1 USD?
Based on the current rate, 1 US dollar would allow you to purchase approximately 0.19 NEO tokens. This amount will fluctuate continuously with the market.
How much has the price of NEO changed recently?
In the past 24 hours, NEO's price decreased by 2.7%. Over the last week, the total decline is approximately 6.02%, and over the past month, it has decreased by about 10.9%.
If I invested $100 in NEO a month ago, what would it be worth today?
A $100 investment in NEO one month ago would be worth approximately $89.10 today, representing a loss of roughly $10.90 due to the market decrease over that period.
What factors influence the NEO to USD exchange rate?
The rate is influenced by a combination of factors including overall cryptocurrency market trends, investor sentiment, technological developments within the NEO ecosystem, regulatory news, and broader global economic conditions. To stay ahead of these changes, consider how to get advanced methods for tracking and analyzing market movements.