Following the trend of its neighbours, NEO is also relishing in the glory of what now seems to be an extended surge of market prices.
Yesterday, we saw a huge jump across the board in what looked like it was going to be but a short-lived blip. Through last night and into today however, we have seen the trend continue with the big coins surpassing expectations, leaving a fine path for the alt-coins to follow on with.
At the start of this week, NEO looked to be making consistent gains, moving from the low $50s into low $60s and seemingly beyond, off the back of the price wave. During the cryptocurrency boom, NEO hit a height of $187.00, so we have a way to go yet before NEO redeems its place on the top, but with current standings and current statistics in mind, we could say that the $100.00 threshold is now really quite obtainable.
At the time of writing, NEO sits at $67.78, moving upwards at 10.34%, with a market cap of $4,405,583,000.
The surge, whilst it is expected to tail off with some correction taking place (possibly shaving NEO back down to $60.00 temporarily) does seem to be part of a much bigger picture, a picture that is suggesting that we have more of this to come over the next few days. Should this be the case, even slight price increases over a 48-hour period should be enough to see NEO past the $100.00 mark, something which should be getting investors very excited.
If the trend does simmer down then perhaps NEO will be able to regulate itself around the $60.00 mark, if indeed it does do that then we can assume that finally NEO has recovered from the lows of $44.00 that we saw at the start of the month.
Either way, this is an exciting time to watch NEO, w investment may not be wise whilst the markets are so exposed of course, so do your research first. $100.00 is an important point for NEO and the team behind the currency, if its not met this weekend, perhaps next week is a more realistic target. Even so, if this trend continues, we might see NEO squeeze past $100.00 and head to it’s old heights of $150.00 and beyond.