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NEO received bullish momentum after over 8 months as Bitcoin (BTC) surpassed the $30,000 mark on Oct. 19.
The asset reached $15.3 on Nov. 5, marking a 36-week top — NEO reached $15.5 in mid-February. The local crypto of the Chinese language blockchain Neo, which as soon as competed with the second-largest blockchain, Ethereum (ETH), has received bullish momentum after 8 months of continuous declines.
Consistent with knowledge from the marketplace intelligence platform Santiment, NEO’s social quantity skyrocketed over the last week — marking an 800% surge prior to now seven days.
Additionally, knowledge from Santiment displays that the Binance futures investment price for Neo has reached 0.05%. In easy phrases, this means that short-position holders are dominating long-position holders till main actions occur.
Because the token reaches its native best, NEO’s overall open pastime (OI) witnessed a 68% upward push prior to now 24 hours. Consistent with the marketplace intelligence platform, Neo’s overall OI in derivatives contracts has reached $44.3 million.
On the other hand, whilst the Binance investment price suggests the dominance of brief positions, the precise quantities of brief and lengthy positions are nonetheless now not actual.
NEO is up by means of 17.6% prior to now 24 hours and is buying and selling at $13.66 when writing. It’s vital to notice that the asset registered a 91% upward push over the last 30 days.
Information displays that the whole marketplace cap of NEO is recently sitting at $963 million, making it the fiftieth biggest cryptocurrency. Neo’s 24-hour buying and selling quantity surged by means of 316%, attaining $613 million.
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