Is It Too Late to Buy NEO? Price Climbs 40% as Attention Shifts to New Blockchain Project
The native token for the commercial NEO blockchain has risen 40% in the last week, about 16% in the last 24 hours, as it posts some of the highest gains of any top 100 cryptocurrency.
NEO currently trades for around $19.89, but its rally appears to be cooling.
At one point the token posted intraday gains of as much as 40% earlier this morning, UTC.
NEO is tailored towards the digitization of assets, identites and asset management processes through the use of smart contracts.
NEO isn’t the only fast riser today. Toncoin’s TON is also surging. The native token for Telegram’s blockchain spinoff rallied a sharp 17% overnight and about 36% over the week to change hands at $6.84 as of this writing. Both NEO and TON are two strong proprietary blockchain projects that haven’t entered the mainstream.
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