NEO is one of the top 10 cryptocurrencies in the world and its figures were upbeat today. The majority of the analysts of the cryptocurrencies market state that the full value of NEO (NEO) remained yet untapped and they hope NEO will achieve this in the upcoming 3 to 5 years. NEO is a nonprofit community-driven network initiative that seeks to deliver an accessible and widespread network for a smart economy.
In terms of its behavior in the cryptocurrencies market, NEO (NEO) ranked in the list of the lowest performers, as it dropped to the 10th place in the current upturn of the market.
It is now still on the descent as being in line with the other top 20 crypto coins, registering a 1.22% decrease in the last 24 hours, at the moment of this article. Accordingly, NEO (NEO) is now trading at $86.46 and has raced against Tron (TRX), as they were both seen switching their ranks in the last 24 hours or so.
NEO (NEO) Vs. Tron (TRX) – NEO has lost the race against TRX for the 9th position
NEO (NEO) has been rising by 19% over the last week and it has been doing this until a couple of hours ago when the crypto started to drop. Tron (TRX), on the other hand, which ran on an identical track, seized NEO (NEO) checkpoint yesterday to claim the 9th position but dropped to 10th in just a couple of minutes.
In this tight race, TRX claimed the 9th place from last night, driving NEO to 10th, regardless of the great gains the latter has registered earlier today. NEO’s present market capitalization is about $5.6 billion, while TRX assumed a market capitalization of $6.5 billion. Apparently, Tron (TRX) won the race against NEO (NEO) for the 9th position, at least momentarily.
As you look at the whole cryptocurrencies market, the crypto coins’ prices have been falling to the negative side as of yesterday, whereas just a handful of cryptos have been rising and the gainers’ portfolio for today contains NEO (NEO), Tron (TRX), and some other 5 top 20 cryptos, despite the drop NEO experienced earlier.