Recent favorites among cryptocurrencies, IMX and NEO Coin have hosted significant developments. The price of Bitcoin finds buyers at $37,700 as of writing this article, and whether the parabolic rises will continue in December is uncertain. So, what are the expectations for the coming month for these 2 popular cryptocurrencies?
IMX Coin Price Predictions
ImmutableX ranks among the top 40 cryptocurrencies and launched its zkEVM Testnet on Ethereum in August. So far, about 50 games have committed to using this network to serve players, and development processes are ongoing. The Testnet was upgraded from Polygon Edge to Geth in November and the mainnet will be launched next month.
One of the biggest developments of December will be this. As such important developments approach, we know that they have positive results on the price. This could mean a conspicuous rise for IMX Coin is on the horizon.
The rapidly rising altcoin price reached a peak of $1.5 about 7 days ago in November. Although there has been some pullback after the peak, it is hoped that the $1.2 level will remain strong as support. If the expected rally comes in December, we could see a recovery of about 25% towards $1.6.
Conversely, closures below $1.25 could trigger a retraction to the psychological support of $1.
NEO Coin Reviews
NEO Coin, which ranks 65th among the top 100 cryptocurrencies, has been attracting a lot of attention lately. The test network was upgraded on November 21 and EVM support was added. This was a critical move for more applications to expand into the network. NEO’s price has risen rapidly since breaking out of a descending resistance trend line on October 26. A peak of $15.46 was marked on November 5.
Even though the price has retreated to $10, there is more upside potential in December. In the scenario where NEO Coin’s price rapidly recovers, the $14.5 resistance area could be targeted for a bigger rally. However, closures below the $10 support could trigger a 30% loss towards $7.5.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware of the high volatility and, consequently, the risk associated with cryptocurrencies and conduct their transactions based on their own research.
- Important developments elevate IMX and NEO.
- IMX Coin’s potential rally could approach in December.
- NEO eyes resistance, but risks downward pressure.
