NEO News

NEO seems to strengthen as it Partners with .Net Foundation

NEO recently held its inaugural community assembly in Shanghai from September 2 to 6. The meet aimed to discuss and collaborate with the chain. Further, NEO partnered with Swisscom chain, a subsidiary of Swisscom, which is the largest telecoms provider in Switzerland. They jointly launched a self-sovereign identity framework named Seraph ID. Additionally, the crypto chain joined .NET foundation as the first and only blockchain project member.

NEO Price Comparison:

As on August 16, the price of NEO was 9.9311 USD. Henceforth, in a period of 25-days, it showed a cumulative decline of 10.88%. In a week, the coin has shown a lot of variations, but ultimately has gone down by a margin of 4.98% from the market price of 9.3179 USD on September 06, 2019. The intraday trading is a horizontal one. Yesterday, the crypto opened around 8.88 USD and with a marginal decline of 0.66% closed the day at 8.82 USD.

As can be observed from the chart, the movement in the NEO has been almost bullish or horizontal since the start of September. For NEO, one thing is certain that it will be in demand for a long period. The immediate resistance for the coin is at 8.95 USD and the support level is at 8.71 USD.

NEO Price Chart

NEO Price

The last few weeks have been a good one for the chain if one looks at the partnership aspect. Further, .Net is a prominent tech firm and being an exclusive partner will benefit the crypto in the long term. As far as trends are concerned, the short term is bearish. However, in the long term, it is a coin to look out for.

Edward Nash

Edward Nash is an editor and analyst with over 10 years of financial market experience. Prior to joining CoinNewsSpan, he worked in several famous financial institutions. He has been active in the cryptocurrency market since 2011, specializing in technical analysis of current crypto trends and offering analytical opinion-based pieces.

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