While many cryptocurrencies, especially Bitcoin, are on the decline, NEO is on the contrary rising.
While cryptocurrencies, which are heavily traded in South Korea, have fallen over the past week, NEO has taken its place strongly. and broke the record. Defined as “China’s Ethereum” in the cryptocurrency world, NEO peaked at $176 according to Coinmarketcap data. NEO, which was $92 at the beginning of last week, has risen above 90%. NEO is around $155 at the news time.
NEO on Exchanges
NEO was unaffected by the big fluctuation in the cryptocurrency market last month. It continued to rise stably, minus many cryptocurrencies.
NEO transactions occupy 12% of the total trading volume of Bittrex, one of the largest exchanges, while this rate is around 40% when we look at Binance. When we look at the last 24 hours, it has a transaction volume of over $ 700 million.
The Ethereum of China
While many new projects use the Ethereum infrastructure, NEO is especially popular in China.
According to data shared on NEO’s website, the NEO community plans to come together at a conference for developers in San Francisco.
“NEO DevCon, consisting of many sessions and workshops, brought the NEO community together for 2 days with innovative ideas and projects; It brings together many speakers from the world of Blockchain.”
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