Altcoins FOMO Fundamental

The leading altcoin of the moment – Neo

Martin Young | January 30, 2018 | 4:02 am
Neo
Altcoins

The leading altcoin of the moment – Neo

Martin Young | January 30, 2018 | 4:02 am

FOMO Moments

A predominantly red picture is being painted again today during the Asian trading session. Only one altcoin in the market cap top ten is in the green and it is joined by only two others in the top 25. We know things move fast in crypto land and the morning’s leader of the moment is NEO.

According to Coinmarketcap NEO is up 5.4% over the past 24 hours. It has shown a slow but steady increase over the past day while most of its siblings have lost ground. Zooming out to the weekly chart we can see that NEO has made strong gains of over 40% on the week. Starting out this time last week trading at $113 it has climbed to an impressive weekly high of $170 before falling back a little to $166 where it currently trades.

Neo

One thing to note is that while a lot of other altcoins, and especially Bitcoin, have had major losses NEO is still near to its all-time high of $190 just after New Year. NEO has often been referred to as the Chinese Ethereum, it is an open network for smart economy. It is continually growing in adoption for new dApps and ICO projects as developers turn to alternatives to Ethereum.

NEO is a low supply coin with 100 million total and 65 million circulating. South Korean trade is currently driving momentum with the Upbit exchange taking the lion’s share at just under 40%. Binance is the second most popular exchange for NEO with just under 20% of the total.

More info on Neo can be found here: https://neo.org/

Happy Trading.

FOMO Moments is a new section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and fundamentals. 

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  • Andi Dan

    I don’t understand why in your analysis you report yourself to USD when all coins are bought with BTC…not usd. for sure they have usd markets…but most of them are bought with BTC.
    also reporting yourself to usd is bad because all coins are under BTC price so every fluctuation of BTC…influences the coin on usd
    it is a bad analysis

    • Damien Anderson

      I was confused about this. Seeing as most coins move with bitcoin, how do you see the growth properly when you compare it to BTC? Wouldn’t it be better to pair it with the USD, which isn’t so volatile?

      • Andi Dan

        simply see price in BTC…or …Satoshi.
        if your coin grows in usd maybe BTC is up on usd but not your coin…you could of remain with BTC and not buy any other coin because you would of gained more in this way

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