UPDATES BMG 2:49 AM . Friday, August 11, 2017) The NEO price continued to rise thanks to positive industry outlook and FOMO eupheria.
NEO handsomely outstripped both bitcoin and Ethereum in gains in the last few trading days. The digital currency is now valued at US$27 per coin, which is amazingly enduring too. Less than a year ago, NEO(or antshres it was called then) was worth under 20 pennies.
There are a total of 100 million coins available, but only half of those are in circulation right now.
It rocketed about 143.8% higher in just seven days! That’s the kind of gains we like to see from cryptos and achieved incredible marketcap of $1,384,355,000 (if the zeros and commas trouble you, that is 1.3 Billion to be exact) or 408,221 BTC. NEO has been in the top 10 digital currency for the past days and more positive moves are expected for the near future.
Those gains coincided with launches of NEO SmartContract platform (dubbed NEO 2.0). However, unlike Ethereum, which uses its native programming language, Solidity, NEO will support traditional programming languages. This means that NEO is more adoptable to developers, as they won’t need to learn a new coding language. Something NEO bank on and will give it a competitive advantage.
The CEO Of NEO Banks On Blockchain To Build A Smart Economy. https://t.co/32dYWcL3Sj
— online biz (@onlinetraderbiz) August 10, 2017
These rises hope of China could see an influx of initial coin offerings on NEO’s platform which has been one of the biggest draws for Ethereum this year.
A NEO-based project Red Pulse Token had just annouced that it is launching Initial Coin Offering (ICO).
— NEO News (@NEOnewstoday) August 8, 2017
Another token, Agrello, has already nominated NEO for its listing platform. And if market sentiment is anything to go by, we would be seeing a lot more in the near future.
Neo bull is also assisted by the recent listing on Poloniex, one of the major Bitcoin and altcoins exchange. Nonetheless, Bittrex remains the most active marketplace for NEO. Neo are mainly traded against BTC, ETH, USDT as well as yuan. NEO/BTC see a significant volume increase from Aug 03.
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Neo certainly looking for some huge gain as Chinese is doing extensive test-run on cryptocurrency blockchain potential.