The Neblio Coin cryptocurrency is a digital token that is a means of payment in the Neblio network. The Neblio project is a software interface that is a distributed platform designed specifically for business applications that are completely secure. According to the developers of the Neblio platform and the NEBL cryptocurrency, the team set out to create a simple platform that was intuitively understandable, as well as could incorporate all the features necessary for working with legal entities as well as individuals.
Will the Neblio network kill Ethereum and other dapps networks? What is the price prediction for Neblio (NEBL) in 2020? Find the answers below.
Neblio (NEBL) Fundamental Value
Neblio Cryptocurrency is one of the most interesting new technologies that hit the industry lately, and if you have not heard of it then you are probably missing out on a lot of awesome cryptocurrencies that have come out in the last year or so.
The main goal of Neblio is to create a digital coin that can be stored in a wallet or used to pay for products and services on the blockchain. The team wants this coin to be an instant cryptocurrency that is traded on exchanges for fiat currencies. This is what many consider the final goal of the cryptocurrency market to be about, developing an instant, transparent, and secure crypto-currency.
The Neblio core team consists of 4 members only. However, Neblio gets a lot of contributions from the project’s crypto community, including outsourcing developers that have worked together on other projects such as OpenBazaar, which has been a huge success.
The aim of developing the Neblio project was to replace obsolete applications and implement the most convenient way to create various databases for commercial enterprises. The platform works on easy-to-use but well-protected products. It can be used both for corporate services and in any other business sector.
The creators of Neblio rightly believe that if a business starts using blockchain and gets all the subsequent advantages, then companies will work faster due to the greater automation.
Under the Neblio project, platform built on a decentralized model is provided to all users, the algorithm of which protects all network transactions. The fuel of the network will be Neblio tokens, which provide users with the ability to instantly transmit information. Every single client of the Neblio project is rewarded with the help of tokens for network protection.
The Neblio blockchain itself is a PoS chain based on the Peercoin mechanism with minor modifications. Neblio does not require a minimum number of NEBLs to ensure network security. The coin maturity or the amount of time that a group of coins must be kept in a wallet before they can make a bet has been changed to 24 hours, and the payout has been increased to 10% of the annual fees. In addition, the blocking time was normalized to 30 seconds. The Neblio hash algorithm is Scrypt, which is most widely used in Litecoin.
A distinctive feature and a positive factor of the Neblio platform is the support for most programming languages. This aspect is implemented in order to facilitate the transition to new software, which is based on outdated code.
When analyzing the Neblio project, one cannot forget to mention the competition in the development field. Similar ideas are offered by projects such as Nexus, Walton and some other platforms. Each of them has its own vision regarding the technical support of the task to popularize digital technologies in the business sphere.
Neblio Price History
Neblio launched its Mainnet on 7/21/2017. Presale of NEBL tokens began on 8/6/17. 12 million tokens were sold during the ICO at the price of $0.2032 each. In September 2017, the coin price was $1.28. In October, the price began to rise. Due to the listing on HitBTC, the NEBL coin price reached $5.78. In January, the rate rose up to $44.68. The team introduced the NTP1 (Neblio Token Protocol-1) and a wallet for it.
Interest in the coin started disappearing and by March 2018 it was worth only $8.88. In May, the price began to go up again due to the partnership with Cred. However, in July the rate went down to $3.71 and since then the figure has been getting lower and lower.
Neblio Technical Analysis
Well, there hasn’t actually been any expert technical analysis of the Neblio cryptocurrency. However, there is the aggregate rating for Neblio from several traders & analysts on TradingView. You can see it below.
Neblio Price Prediction for 2020 & 2025
Let’s look at the perspectives of the NEBL altcoin in the next few years.
#1. WalletInvestor NEBL Price Forecast
According to this source, NEBL is an awesome long-term (1-year) investment. If you are looking for virtual currencies with good return, NEBL can be a profitable investment option. The Neblio price can go up from $0.481 to $2.840 in one year. In 2025, coin price can reach the price of $3.848.
#2. TradingBeasts NEBL Price Prediction for 2020-2022
At the beginning of 2020, Neblio cryptocurrency price will go up to $0.7138997. However, by the end of 2020, the price can reduce to $0.5082816. In 2021, the NEBL rate can reach $1 mark. By the end of 2022, Neblio price is likely to be around $1.3.
#3. CryptoGround Neblio (NEBL) Forecast for the next 5 years
Based on the data, it can be predicted that it is Profitable to invest in Neblio (NEBL) in the long-term. By long-term the source means that Neblio price is forecasted for a period of 5+ years. They think the price of Neblio (NEBL) can reach $29.6857 in those 5 years. According to them, the price of Neblio (NEBL) in 2021 will be about $12.6225. As per the forecast and algorithmic analysis, the price of 1 Neblio (NEBL) will be around $35.5205 in 2025.
#4. DigitalCoin Neblio Price Prediction for 2020-2025
Neblio (NEBL) price will increase in the future according to the predictions based on data this platform analysed. Neblio (NEBL) is a profitable investment based on their forecasts. The price of 1 Neblio (NEBL) can go up to around $0.09116882 in 1 year. In 2025, the coin price may reach $2.24.
Neblio technology has many business applications. From decentralized software that controls the security of payment transaction data in a distributed registry to cloud-based software responsible for storing information that is created by billions of devices on the Internet.
Due to the extraordinary flexibility of the algorithms, the service makes it possible to develop and install the necessary software in virtually any business field. Such a wide range of applications makes the coin promising.
As we can see, an investment in Neblio cryptocurrency can be quite profitable, especially if it is long term. The NEBL coin is sure to pay off in 1 to 2 years.
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.