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NEO Hitting The Ground Running In 2019, Adds Over 4% To End The First Week

05 january 2019, 17:22 by John Kiguru

NEO Hitting The Ground Running In 2019, Adds Over 4% To End The First Week

Like most coins, 2018 was a year-long nightmare for NEO. The coin is however not getting stuck on the past and it is eager to turn around its luck with the new year. NEO began the year by releasing its annual report on the new year eve.

The report was a first for the project and was entitled “The Darkest Hour is Just Before the Dawn”, clearly sending a message that it was down but not for long.

Ever since the launch of the report and the beginning of the new year, the coin has not looked back. Even today, in amidst a bearish wider market, NEO is still recording substantial gains. At the time of press, NEO has gone through a flash hike seeing it surge past the $8.00 mark. However, the coin has been stopped dead on its track by bars as the 4% gains were reversed in minutes.

Despite the strides, the coin encountered resistance around the $8.43 position. A break past the position would quickly see the coin smoothly hit the $9.00 mark. But when it was unable, it was dragged right back below the $8.00 mark.

The scheduled NEO DevCon event which will take place next month could provide the required boost that sees NEO past $9 and hit as high as over $10. The event is expected to address several issues surrounding the project including identity, NEO’s crypto-economics, and distributed storage.

In 2018, NEO lost at least 95% of its value, which just goes to show how much potential the coin has should it make a turnaround in 2019. Although prices were down in 2018, the project made several developments on its platform, all leading to a 3,000% increase in dapps in their ecosystem.
With this and the anticipated improvements expected in 2019, NEO can only improve in the coming days and hopefully hit its all-time high of over $160.

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