NEO Price Up 15% This Week, Web3 Coin Ecoterra Is Whales’ Choice to Perform Even Better
The $NEO crypto asset has seen a notable 15% price increase in the past week, making it one of the top performers in the market.
The protocol positions itself as an open-source platform with the goal of being the foundation for the future Internet, offering digital payments, identities, and assets.
However, another cryptocurrency, $ECOTERRA, is gaining attention for its superior utility solutions and potential for a 20x value increase.
Ecoterra, an eco-friendly project, incorporates unique concepts and has a smaller market capitalization, making it a potentially lucrative investment with long-term viability.
At the time of writing, NEO’s price is at $10.72 with a trading volume of $109 million, signifying a surge of 6.89% in the last day.
Based on technical charts, the digital asset is on a bullish streak. NEO’s current price trades above its 50-day simple moving average (SMA) value of $10.44 for the short term. However, the asset falls way below its long-term 200-day SMA value of $12.79.
NEO’s price movement has just broken through the resistance at the 38.2% Fibonacci retracement level of $10.70.
A continuation of bullish sentiment will see the asset race towards the 50% Fibonacci retracement level of $11.82.
The digital asset moving average convergence and divergence (MACD) reflects a strong buy signal, while the relative strength index (RSI) value of 58.38 indicates that NEO is currently underbought.
Neo is a blockchain platform that is open-source and driven by a community of developers. It provides a way for developers to convert assets into digital form and automate their management through smart contracts.
Furthermore, Neo offers a robust infrastructure for the next generation of the internet, which includes
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