↘ Volatile Times and Innovative Moves Mark NEO Coin's Journey
NEO Coin , commonly referred to as the Chinese Ethereum , has experienced turbulent times, marking a 33% weekly loss and hitting a 5-year record...
Investors are continually being educated on everything they need to know about investing in NEO, with predictions of a slow but steady gain by 2025. However, the pressure is evident on the cryptocurrency due to Trump tariffs and a risk-off sentiment. Despite the setbacks, NEO is backed with a significant $49 million exploit issued by Stablecoin Neobank Infini to hackers.
In another progress within the ecosystem, Neobank Banq's bankruptcy case was dismissed by a U.S. Judge. Furthermore, NEO announced the unveiling of a $20 million Ecosystem Funding Program to mark the mainnet launch of Neo X. Meanwhile, Neo X support has been added to NeoLine's Chrome extension wallet. Carrot Swap announced the launch of xUSD, a USDC- and USDT-backed stablecoin, on Neo X.
There has been considerable excitement around NEO, with its price surging by 35% in a stark contrast to the rest of the crypto market. The founder's 'Rethinking Layer 1s' speech at the Hong Kong Web3 Fest drove its value up by 40%. NEO's promise apparent in its rebranding adds to the ongoing excitement.
Furthermore, the NEO Blockchain Platform opened an office in Seattle, led by an Ex-Microsoft executive. The cryptocurrency experienced notable mention in Coinbase's listing considerations alongside XRP, NEO, Stellar, and EOS, boosting confidence in its potential.
Lastly, there's an increased interest in memecoins with Schrute Bucks launching a new 'attention token' memecoin on the Neo N3 blockchain, and the return of TIPS memecoin ticker to NUDES by Meme2Earn. Nevertheless, NEO has been maintaining its bullish tone, aiming to achieve $20 by month-end.
NEO Coin News Analytics from Mon, 22 Oct 2012 09:31:11 GMT to Sun, 02 Mar 2025 08:00:00 GMT - Rating 7 - Innovation 8 - Information 8 - Rumor 3
