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An under-the-radar altcoin has exploded by more than 711% in the past two weeks amid a couple of new perpetual contract listings and a favorable crypto market environment. Gas (GAS), the utility token for the smart contract platform NEO (NEO), is trading at $23.14 at time of writing, up from $2.85 two weeks ago.
While GAS crypto price prediction has flipped bullish, it might not be a great idea to chase the ongoing pump. Watch out the retest of the $32.
GAS and NEO tokens are making waves in the fast-paced world of cryptocurrencies as their prices experience a notable surge. Over the past week, GAS, the utility token on the NEO blockchain, has skyrocketed by an impressive 300%, reaching $21.2 from $5.2. Simultaneously, NEO, often dubbed the “Chinese Ethereum,” has seen a 46.
Mina (MINA) and Neo (NEO) witnessed notable hikes over the past day, making them the top gainers among the top 100 crypto assets.
The NEO price has broken out from a long- and short-term descending resistance trendline.
Bitcoin (CRYPTO: BTC) moved slightly lower, with the cryptocurrency prices falling below the key $35,000 level on Monday. Ethereum (CRYPTO: ETH), meanwhile, edged higher, trading below the key $1,900 mark this morning.
The market has displayed a consolidated weekend as major cryptocurrencies have recorded a weak price action. On the other hand, NEO's price has displayed a strong bullish move as the coin has added over 14% in its value within the past day and has cumulatively added a total of 50% during the past seven days.
NEO gained bullish momentum after over eight months as Bitcoin (BTC) surpassed the $30,000 mark on Oct. 19. The asset reached $15.3 on Nov. 5, marking a 36-week high — NEO reached $15.5 in mid-February.
The crypto prices today were mixed at the start of the week, indicating that investors are still putting their bets on the riskier assets. Meanwhile, the recent positive momentum in the market is accompanied by several positive catalysts like speculations over Bitcoin Spot ETF approval and, the Fed pausing the interest rate hikes, among others.
The cryptocurrency market saw an eventful week with bluechips, memecoins and gaming tokens all taking part in the rally, signaling that crypto winter might be thawing. Floki Inu (FLOKI) topped the list with a whopping 85% gain as the memecoin continued its recent price surge, partially due to the TokenFi platform announcement.
Following a Bitcoin price surge over $35,000, a number of other assets have taken on a bullish momentum.
NEO hit a 3-month high on Friday, rallying to highs of $9.23 with an impressive 16% spike. As the altcoin trends among the top performing coins among the top 100 by market cap, a surge in buyside pressure has pushed intraday trading volume up by 270% to over $153 million.
NEO is surprisingly on a rampage today, coming off as one of the best-performing altcoins on the market. At the time of writing, NEO is up 11% and its price is pegged at $8.76.
Top crypto exchange Binance is set to delist 25 Binance USD trading pairs. Binance Margin, a service on Binance that gives traders access to margin trading of crypto assets, will be delisting 25 BUSD pairs.
The NEO price trades inside a short-term bullish pattern just above a long-term horizontal support area.
In a tumultuous week for the cryptocurrency landscape, digital assets have transformed into a sea of red, causing ripples of concern among investors.
Not only that, after the premiere presentation at the Tribeca Film Festival on 9 June, the director of the short film Alden Ehrenreich and the entire cast of Shadow Brother Sunday participated in a post-screening celebration organized by COZ, in collaboration with Degenz.wtf, to unveil and auction off a brand new NFT collection on the Neo blockchain, tied to the original physical frames of the short film.
The Hong Kong SFC's announcement to allow trade in specific cryptocurrencies has triggered an uptick in crypto adoption among market participants. Amid this development traders also showed significant interest in Chinese-related crypto projects and are expected to witness a notable surge in the near future.
As June 1 draws closer and the Hong Kong and Chinese investors look forward to legally trading cryptocurrencies once more, the market has already turned bullish. So far, Chinese coins have led the pack when it comes to gains, so here are three of the most popular Chinese tokens likely to rally if the bullish trend continues.
The smart economy blockchain, Neo, has made its collaboration with Alchemy Pay official, so that its users can now purchase crypto assets using their favorite local fiat currencies.
The NEO price analysis highlights a favorable buying momentum, with the current price reaching $10.88. Over the past few hours, the bulls have generally enjoyed a positive market environment, despite some selling pressure being present.
NEO emerged as the largest gainer among the top 100 cryptocurrencies by market cap in the past 24 hours. At the time of writing, NEO has been trading at $10.75 while managing $106.2 million in volume, according to Coinmarketcap.
The NEO price wave count suggest that the upward movement will continue.
NEO price has been on the rise since Monday with the bull trend gathering momentum by the day. The price has risen by over 12% in the last two days attracting the attention of crypto traders.
