NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Chinese Cryptos Incur Explosive Rallies with NEO Surging Over 40%

Cole Petersen
Cole Petersen
5 years ago
2 mins read
NEO

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin has been caught in a firm uptrend over the past several days, which has begun spilling over into the aggregated altcoin markets, with multiple smaller cryptocurrencies like NEO posting meteoric gains over the past-24 hours.

It does appear that the cryptocurrencies incurring the biggest gains are Chinese altcoins, which may be because they are catching the tailwinds of the Chinese President’s bullish comments on the state of the blockchain industry.

NEO Skyrockets Over 40% as Bitcoin Continues Climbing 

At the time of writing, NEO is trading up over 43% at its current price of $12.28, which marks a significant climb from its daily lows of $8.45.

It is imperative to note that this latest parabolic movement came about after NEO had already incurred some decent gains, with the cryptocurrency currently trading up significantly from its weekly lows of under 7%.

This massive momentum is likely the result of President Xi’s comments regarding him wanting China to be a global leader in blockchain technology, so naturally these comments reflect favorably on prominent China-based blockchain projects like NEO.

Furthermore, Bitcoin’s recent rally is likely bolstering the cryptocurrency, as it has been able to rocket from recent lows of $7,300 to highs of $10,600, before settling at its current price of $9,700.

Powerful Narrative Driving Chinese Altcoins to Rally 

NEO is not alone in its recent rally, as Tron, Ontology, and other Chinese blockchain projects have incurred massive upwards momentum over the past several hours.

Luke Martin, a prominent cryptocurrency analyst on Twitter, spoke about NEO’s rally in a tweet from earlier today, noting that a powerful narrative is driving it, which could mean that further gains are imminent.

“$NEO outperforming 7-10% in 7hrs. Narratives are a powerful thing in the alt world. Important to recognize that almost every alt move is a *trading* opportunity. Not the same as $BTC. I don’t tweet much about alts anymore but the inefficiencies will always keep me interested,” he said while pointing to the below chart.

$NEO outperforming 7-10% in 7hrs.

Narratives are a powerful thing in the alt world.

Important to recognize that almost every alt move is a *trading* opportunity. Not the same as $BTC.

I don't tweet much about alts anymore but the inefficiencies will always keep me interested. pic.twitter.com/rfN2BZOhWe

— Luke Martin (@VentureCoinist) October 27, 2019

Assuming that China does begin further embracing blockchain technology in the coming months, it is likely that cryptocurrencies associated with China-based projects will continue to see further upwards momentum.

Featured image from Shutterstock.
Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

All Signs Point To A Bitcoin Liftoff—Here’s What The Experts See

Based on reports from analyst Moustache, Bitcoin may be gearing up for its next big move. The world’s largest cryptocurrency...

Christian Encila 6 hours ago
Bitcoin

Bitcoin Price Breakdown Spurs Sell-Offs, Analyst Reveals What Will Happen If BTC Hits 92,800

The Bitcoin price crashed from as high as $106,000 to $102,000 on June 20, sparking sell-offs among investors. Now, crypto...

Scott Matherson 7 hours ago
Ethereum Charts Signal Potential Bottom – All Eyes On Next Move

Ethereum Charts Signal Potential Bottom – All Eyes On Next Move

Ethereum is once again trading at critical demand levels, testing the lower boundary of a six-week range that began forming...

Sebastian Villafuerte 9 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

stablecoin

Stablecoin Wars Ignite: Peter Schiff Champions Gold-Backed Digital Assets

Christian Encila 1 hour ago
Bitcoin

Bitcoin Active Addresses At 2020 Level — What’s Happening?

Opeyemi Sule 4 hours ago
Best Altcoins to Buy Now as Elon Musk Plans to Reshape Crypto Through a DEX on Twitter (X)

Best Altcoins to Buy Now as Elon Musk Plans to Reshape Crypto Through a DEX on Twitter (X)

Aaron Walker 5 hours ago

Premium Sponsors

Top Brands

Press Releases

  • Others panic, I make money! How to make money with...

    7 minutes ago
  • SPX6900が7%上昇、しかし注目は282%利回りのico仮想通貨取引ボットに集まる

    ...

    2 hours ago
  • Bitget Partners with MotoGP for a High-Speed Collision of...

    6 hours ago
  • 新しい仮想通貨の最新動向|EnteriseCoin・HyperQuantum・BTC Bull Tokenの注目リリース情報

    ...

    9 hours ago
  • ミームコイン注目3選|この夏に急騰が期待される銘柄とは?

    ...

    9 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.