Our service constantly monitors any changes in these three areas so that our customers receive the most relevant data regarding the performance of digital asset s in their portfolios. The analysis of market capitalization carries equal importance in both cryptocurrency and traditional markets.
In fact, the same mathematical approach is used to determine the overall position and popularity of digital assets and stocks, for instance. This particular metric is also used to gauge the dominance of NEO in relation to the rest of the cryptocurrency market, the changes in which might also offer hints at its future performance. To determine the current market capitalization of NEO, we multiply the circulating supply, the parameter that will be explained later, by the present value of the cryptocurrency under review.
Unlike that of stocks, the capitalization of cryptocurrencies, including that of NEO, could be distorted by the irregularly high number of transactions that might occur on the network for a number of reasons, including hacking attempts. A significant spike in such transactions often exerts a direct impact on the price of the underlying digital asset and could result in an unfounded increase of market capitalization that gives investors who are monitoring the market a wrong idea about the genuine value of the cryptocurrency.
The aforementioned market capitalization of NEO places it in the group of mid-cap cryptocurrencies that fall under the medium-risk class. Now that you know the distinction between these three categories of cryptocurrencies, it would be much easier to make an educated decision regarding the composition of your crypto portfolio.
As already mentioned, coin supply plays a crucial role in calculating the market capitalization of NEO and other cryptocurrencies and proper assessment of their future potential. Hopefully, this explanation will help crypto investors in their efforts to find the cryptocurrencies that will become a valuable addition to portfolios and contribute to the growth of their net worth in years to come.
Please pay particular attention to the assets with the deflation feature as they have proven to be more predictable and, most importantly, profitable in the long run. Trading volume is something that all cryptocurrency traders are heavily reliant on when analyzing the market and trying to forecast the price movement. This particular term indicates the number of units transacted between buyers and sellers and vice versa over a particular time frame.
The elevated trading volume usually points to the increased interest in NEO or other cryptocurrency and often provides strong confirmation of the intentions of market participants. The same principle is applied when estimating the strength of the trend or spotting trend reversals. If you are an active cryptocurrency trader, you ought to regularly compare the present trading volume on the NEO market with the readings of the Crypto Volatility Index in order to avoid being lured into fakeouts and other deceitful market moves that are of frequent occurrence on the cryptocurrency market.
Also, high trading volume usually showcases that the liquidity is flowing into that market which indicates the general interest in the cryptocurrencies and ensures smooth execution of trades. CVIX is the result of the meticulous work of our team of market experts and software developers that came up with a unique formula for gauging and visualizing the expected market volatility and supplemented it with the innovative deep learning algorithm that sifts through an array of historical market data to deliver the finest NEO price prediction in the industry.
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Also, in cooperation with the NEO project, an operating system on the blockchain called Elastos is being developed. Having gone through the path of rebranding and numerous software improvements, previously almost unknown cryptocurrency Antshares received a new name — "NEO" and very quickly climbed into the top ten rankings in terms of capitalization.
Like the vast majority of digital coins, cryptocurrency NEO has such qualities as:. All these features are already familiar to all and are applicable to the vast majority of coins in the digital money market. Therefore, in the top ten rankings on the size of the capitalization of the cryptocurrency NEO climbed thanks to its competitive advantages, which include:. NEO blockchain combines digital assets, digital identities, and smart contracts.
The technology underlying NEO supports multiple types of digital assets. Users can register, transfer, and trade at will on NEO. Developers can rapidly develop smart contracts based on the NEO platform without learning a new language. NEO cryptocurrency supports all types of crypto wallets: desktop, mobile wallet, cold, hot and paper wallets. NEO represents the right to manage the network, including voting for consensus nodes and making decisions for the blockchain.
GAS is used to pay for all the service fees on the blockchain, e. Other 50 million are distributed among the ICO participants according to the pre-developed mechanism. The total amount of NEO tokens is million and cannot be increased.
The live Neo price today is $ USD with a hour trading volume of $93,, USD. We update our NEO to USD price in real-time. Neo is up % in the. NEO Price ; 24H Open. $ ; 24H Change. $ ; 52 Week Low. $ ; 52 Week High. $ ; All Time High. $ April 10, - The current price of Neo is $ per (NEO / USD). Neo is % below the all time high of $ The current circulating supply is.