NEO PRICE RALLY IS NOT OVER YET

NEO PRICE RALLY IS NOT OVER YET

while things may have appeared a bit bleak for the NEO price while last night’s dip took place, the market has rebounded quite properly in a while. more especially, seeing the NEO price drop from $42 all of the way to just below $37 in a matter of some hours isn’t fun for all people. The folks that had been waiting to buy in obtained the possibility they had been watching for while that dip came about, although.after all, the NEO price fast bounced again to over $40 in the next 90 mins.

All of this seems to indicate there’s a whole lot of strong NEO price momentum in place proper now. at the same time as it remains doubtful if this trend may be sustained for some extra days or even weeks, there's some suitable cash to be made at this factor in time. even though there is still a lot of volatility in ways because the NEO price is concerned, day traders are making solid money way to those fluctuations. usual, NEO is dropping ground in both USD and BTC price right now, though.

to place this latter factor into perspective, the NEO price has lost 3.63% in USD price. this is nothing to be overly worried about, yet the cutting-edge Bitcoin price trend will make this gap even wider within the next few hours. The worrisome part is how NEO loses ground compared to Bitcoin directly, resulting in an 8.21% drop. Altcoins continue to conflict with their BTC relation each time Bitcoin’s cost is going up, that a whole lot is positive.

One thing running in a desire of the NEO price momentum is the strong buying and selling volume. demand for this altcoin remains quite excessive, as nearly $300m worth of NEO has changed hands over the past 24 hours. This volume is larger than a few other top 10 cryptocurrencies, despite the fact that a number of people are simply chasing the pump inflexible now. furthermore, once people convert again to Bitcoin, this extent will only develop large for the incorrect reasons.

Bittrex remains the bastion fro NEO buying and selling these days. they are the only exchange processing over $100m well worth of volume. unfortunately, this also way this single exchange is responsible for nearly 50$ of all NEO trades inside the past 24 hours. Bitfinex and Bitfinex are also within the top three, but their trading volume is some distance greater modest in comparison to Bittrex. An exciting situation well worth keeping a watch on, even though nobody knows for positive how this may play out ultimately.

All matters considered, NEO might be one of the altcoins going through a few uphill battles in the coming hours. With the Bitcoin price reaching another new all-time high, altcoins will sooner or later begin to bleed badly. this will have an impact on the NEO price as well, although it is hard to predict how this may all play out. Cryptocurrency is attracting a lot of cash right now, and Bitcoin isn’t the only currency to gain from this momentum.

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