NEO Price Prediction and Analysis: Going up! NEO added to ICONOMI, Alphacat (ACAT) listed on HitBTC. Friday, May 25
Bitcoin's influence on the market
The cryptocurrency market is now slowly recovering after Bitcoin's failed attempt at reaching $9000, which dropped its price below $7500 within a day. It is now currently trading at around $7520 and it's interesting to see that some of the altcoins are not following Bitcoin's price pattern and are trying to remain unaffected by the leading cryptocurrency. BTC dominance is now at 38.2%.
Important NEO News
NEO added to ICONOMI
ICONOMI, which is a global digital asset management platform, announced that they added NEO to its platform. One of the users commented about this listing: "Iconomi has traditionally been extremely leery of securities regulations and vets their listings very carefully. This is a solid endorsement for the side arguing that NEO is not a security. Good news."
Neon Exchange Featured on CNBC
Neon Exchange (NEX), which is a project built up NEO technology, is a decentralized cryptocurrency exchange. It has been recognized and featured on CNBC show "The Advancements", hosted by Ted Danson. The program consisted of general introduction into the blockchain technology and then featured a six minute long segment about NEX, its benefits and how the project contributes to the idea of decentralized world. NEX is preparing their public sale in the near future and the appearance on CNBC was in a way connected with it. It allowed the project to raise awareness both about NEX, as well as NEO. And NEO price is directly connected with the projects built upon it.
Alphacat (ACAT) listed on HitBTC
Alphacat is a platform built on NEO, which provides a set of robo-advisors for cryptocurrency investors. They want to help traders predict market movement with the help of Artificial Intelligence and Big-data. It's worth noting that Alphacat claims that they have managed to predict Bitcoin price rises with an accuracy of 60%, which would be the highest compared to other tools. Their listing on HitBTC in ACAT/BTC, ACAT/ETH and ACAT/USDT pairs is a very promising news.
NEO Price Analysis
When the whole cryptocurrency market experience its low in the past days, NEO dropped to the $50 region. It has managed to recover very quickly and was immediately trading above $55. There were few notable price spikes, when within an hour the price dropped from $54.51 to $50.68 just to start a positive upward run the same day, reaching as much as $56.26. It is currently trading at around $54 range.
NEO/USD Price Chart, Friday May 25:
As of May 25th, NEO price equals $54.17, it's worth noting that at the beginning of May, NEO was trading confidently at $84 range. Therefore, a temporary red market shouldn't be that much worrying. One can easily expect comeback to these regions, once Bitcoin solves its situations and price fluctuations. While price above $100 shouldn't be that hard to achieve in next months for NEO, especially with the success of the platforms and projects built upon it.
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