By @steemitnoticias January, 2018.
The recent rise in Neo's price has placed it among the ten largest digital currencies by market capitalization of cryptocurrencies. Known as the Chinese ethereum, the market value of NEO exceeded this week for the first time the 12,000 million dollars.
The average trading volume in the cryptocurrency is below 1,000 million dollars per day - still relatively low compared to the large digital currencies. Launched in 2014, NEO changed its name last year. It used to be called AntShares.
Its blockchain technology allows the development of digital assets and smart contracts and can process more than 1,000 transactions per second. NEO has a strategic alliance with Microsoft China.
It will hold its first global developer conference in San Francisco at the end of the month. Its price has doubled since the beginning of the year and already exceeds the level of 141 dollars.
