IMX and NEO Coin have recently witnessed notable developments in the cryptocurrency markets. At the time of writing, the price of Bitcoin stands at $37,700, and it is uncertain whether parabolic increases will continue in December. So, what are the expectations for these two popular cryptocurrencies next month?
ImmutableX is among the top 40 cryptocurrencies and launched its zkEVM Testnet on Ethereum in August. So far, approximately 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 released next month.
This will be one of the major developments in December. It is known that significant developments have positive effects on prices. This may indicate a significant rise for IMX Coin.
The rapidly rising altcoin price reached a peak of around $1.5 just 7 days ago in November. Although a pullback occurred after the peak, it is expected that the $1.2 level will remain a strong support. If the expected rally comes in December, the price could reach $1.6 with an improvement of approximately 25%.
NEO Coin, on the other hand, ranks 65th among the top 100 cryptocurrencies and has recently gained a lot of attention. The test network was upgraded on November 21st, adding EVM support. This move is a critical step for further expansion of applications. NEO’s price has rapidly risen since breaking out of a downward resistance trend line on October 26th, reaching a peak of $15.46 on November 5th.
Although the price has dropped to $10, there is more upward potential in December. If the NEO Coin price quickly recovers, the resistance zone of $14.5 could be targeted for a larger rally. However, closing below the support of $10 could cause the price to drop by 30% to $7.5.