After some very solid gains yesterday, it seems NEO is only just getting started. Whereas the value of this cryptocurrency was US$145 per coin yesterday afternoon, it has since risen to US$168. This growth is unprecedented for NEO, although it remains to be seen whether or not it can continue for much longer. Most holders wouldn’t mind seeing a NEO price of US$200 by the end of January, but only time will tell if that is even remotely possible.
These past 24 hours have resulted in another 20.29% price increase for NEO. Additionally, it has increased by 19.98% against Bitcoin -13.41% . It is good to see the NEO price appreciating on both fronts at the same time. All of this is being done with relatively little trading as well, which seems to indicate a lot of people are more than happy to hold onto their NEO for the time being. They will take profits eventually, though, as such human behavior is unavoidable.
With these latest gains, we are now looking at a NEO price of US$160.
What is rather remarkable is that Bittrex’s NEO/BTC trading pair is generating most of NEO’s trading right now. Bitfinex’s NEO/USD pair is in second place, whereas Binance’s NEO/BTC pair rounds out the top three. A lot of money is circulating from altcoins to Bitcoin -13.41% and the other way around again. Without much fresh money coming into cryptocurrency, we may see some interesting market changes over the next 24-48 hours.