An Update From The Crypto Market Shows Neo Dominating Amidst ONT Collaboration
The cryptocurrency market rose yesterday to a market cap of over $270 billion due to an increase of $20 billion. Bitcoin broke resistance and rose to $6,660 which is a 4.6% increase, this led to the rise of other altcoins as well. Ethereum rose 6.5% to over $400, XRP which is known for its slow quality rose 9% to $0.50. Other coins like Cardano, EOS, and Iota rose to approximately 16%.
However, it is Neo’s gains that are very exciting. According to Coinmarketcap, Neo recorded an 18% rise yesterday and is currently trading at $37.60. Neo has managed to rise despite its low point of less than $30 on June 29, this shows that it rose to 40% in a span of four days. Despite this increase, Neo still has a lot of rising to do to get back to its trading price of last month which was $56. Compared to bitcoin, neo has increased 12.3% from yesterday.
Neo’s Collaboration with Ontology
Chinese Government Backing of Neo
The majority of Neo trade is taken by Binance and that’s a total volume of over 30%. This volume has however doubled over the last day to $156 million from $70 million. Neo’s market cap of $2.4 billion places it in 12th position in the crypto market. The total capital market cap has increased with 7% as the crypto industry gets $18 billion pumped back. Other cryptocurrencies are dominating as well from Nem which increased by 18%, Zcash by 15%, Bytecoin by 30% and Aetenity by 16%.