The markets are looking a little healthier during this morning’s Asian trading session. Bitcoin has rallied by 6.3% back over $10k and the altcoins have been lifted with it. Most of them are in the green this morning and as usual one is doing better than the rest in the top 25. The coin of the moment is Neo.
Coinmarketcap has Neo trading at 17% higher than this time yesterday. It is a fraction over $140 from $119 this time yesterday which is quite a significant price jump. Looking at the seven day chart Neo has rebounded back to its price this time a week ago, and over a month it is up marginally but still a way to go to reach its monthly high of $168 on January 30.
Often referred to as the Chinese Ethereum, Neo is a smart economy based dApp platform. The team is very active with developer conferences and community meetups held across the world every few weeks. Compared to other altcoins, Neo has been very stable and pretty much trending upwards for the past three months. The launch of the Neon Exchange ICO next month could further boost the prices of Neo and its sibling Gas which is also up 13.4%.
Neo is being adopted on more exchanges across the world and has moved up to seventh position in the market cap charts, surpassing Cardano and Stellar which have both been on a downward slide for the past six weeks. Neo’s market cap is just over $9 billion, $441 million has been traded in the past 24 hours, mostly in Asia on Upbit and Binance.
Other altcoins showing double figure gains during the Asian trading session this morning are Qtum and Nano.
More on Neo can be found here: https://neo.org/
FOMO Moments is a 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.