NEO boom: 35% rise in a matter of minutes

22 Jun, 2019 | Updated: 22 Jun, 2019
by Jelmer van der Dussen
Price Action
NEO boom: 35% rise in a matter of minutes

NEO has seen an impressive break-out on Saturday, with the price rising 35% in a matter of minutes. NEO is now trading over $18, after it peaked at $19.

Earlier today, NEO was still trading around the $14 mark. It's unclear what exactly sparked the massive jump in NEO on Saturday, with no announcements from the project in recent days. The NEO community is celebrating the gains, but are also in the dark about the reason why this is happening.

Neo = big green candle ;) from r/NEO

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Because of the price jump, NEO entered the top 20 on Coinmarketcap again, now ranked 18th. The project is working on NEO 3.0, a new blockchain network with several new features and updates that allows big applications such as YouTube, Alipay and Tencent to run on a blockchain.

NEO/USD Chart provided by Tradingview

With Bitcoin rising 13% breaching $11K, more altcoins are starting to pop on Saturday. NEO is the biggest gainer among the topcoins, but Ontology and Qtum are also on the rise, being up over 12%.

The total cryptocurrency market cap is over $330 billion, with more price action from altcoins expected soon.

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Read more about: NEO (NEO)

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