NEO Market Overview: NEO/USD goes up as Nash finalizes protocol spec for Bitcoin trading
|- NEO/USD went from $9.30 to $9.95 this Friday.
- Nash.io, formerly known as NEX, is a decentralized exchange built on top of NEO.
NEO/USD bulls enjoyed a fruitful Friday as its price went up from $9.30 to $9.95, charting a 7% growth. Boosting the price was the news that Nash.io, a decentralized exchange built on top of NEO, has finalized protocol spec for Bitcoin trading. Ethan Fast , Nash co-founder, tweeted the following:
“Really excited that we've finalized the protocol spec for Bitcoin trading on Nash this week. What we've come up with will provide significant improvements in security and performance over any of today's exchanges ”
NEO/USD daily chart
NEO/USD had a bearish Thursday but found support on the long-running upward trending line and went up to $9.95 this Friday. The price is trending around both the 20-day simple moving average (SMA 20) and SMA 50 curves. The moving average convergence divergence shows that the signal line and MACD line are on the verge of convergence which will shift momentum towards the bulls.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.