At the time of writing, NEO is trading at $21 with a 24-hour market volume of over $1 billion. Ranking at the 74th position in the top 100 crypto list, NEO approaches a market cap of $1.50 Billion. It was rebranded to NEO in June 2017. The blockchain-based platform supports two native tokens, NEO and NEO Gas.
There were 50 million coins issued to project backers, and 15 million are held for contingencies. In addition, 20 million are being used to incentivize developers and 15 million for cross-investing in other projects. No other coins will be issued, but NEO is available on some exchanges. It jumped above the crucial resistance point at $19.31, its highest swing on March 4th.
This price also had its highest swing this year. It has also moved above the 50-day and 25-day Weighted Moving Averages (WMA). The analyst suspects that the token will retest the important support at $19.31 and then resume the bullish trend. A move above the crucial resistance at $22.40 will point to more gains in the near term.