NEO Price Is Stabilizing Above $100

NEO’s price has surged a lot in 2018 and moved to recovery after a couple of days of dipping to the lows of $45. Traders who know about this cryptocurrency probably know that there have been some big ups and downs in its price. However, the performance for NEO is promising and so is it’s stability.

With a growth of nearly 18% in only one day, NEO is sitting at $121 and coming close to the $8 billion mark in terms of its market cap. The price movement of NEO is ‘three steps forward and one back’ according to analysts who say that the cryptocurrency is attractive by its enthusiasts but also common traders and people who want to capitalize on its price.

According to experts and analysts, this progress is mainly because NEO has got over 27 ICO’s going up in January. This basically means that when people need to buy in to an ICO, they are going to accept NEO. From this, it is easy to see that NEO has a promising growth.

Another interesting aspect is the Ontology software which is apparently giving a huge boost to the NEO framework. That way,, tokens built on the NEO platform are becoming more valuable, combining the strengths of both private and public blockchain.

However, everyone is prepared for another growth of NEO – which is why people are fueling the market cap of this cryptocurrency lately. It’s amazingly difficult to predict future movements as the spiking increases and the decreases happen to altcoins on the market.

The tiny Monday and Tuesday crashes don’t mean a lot for NEO though – as the cryptocurrency rises to new heights and is finally stabilizing around the $100 mark.  At this point, everything seems promising for NEO and its future.
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