NEO, GAS, and Bitcoin (BTC) Lead the Crypto Market
The cryptocurrency market is rebounding this morning, as the market took a rough turn last week. In just a few days time, it dipped over $100 billion to a low of $417 billion. At press time, the total cryptocurrency market cap is just over $447 billion. NEO and GAS are current crypto leaders in the market this morning, and almost all coins within the top 100 are seeing percentage gains.
NEO & GAS
NEO soars on the market today as it has broken a major record in the cryptocurrency space. The most respected investment rating bureau, Weiss Ratings, gave NEO a grade above a B+ in their last reports. No other cryptocurrency on the market has broken over a B+ rating. Weiss currently grades everything from stocks, insurance plans, and even financial services, since 1971. Due to its long-standing history, it is the most respected authority on the quality of each cryptocurrency models and projects today.
As many traditional investors have now dipped their toes in the market, many take advice from the Weiss ratings and many must have caught wind and read the report this morning, thus the spike in NEO’s price. At the end of January, NEO received a B- grade by Weiss and at the time Bitcoin, the original cryptocurrency, only received a C+. Weiss still gives warning that there is no safe cryptocurrency to invest in, their website reads; “every grade issued by any rating agency is ultimately an opinion, to be used by the public in the context of opinions from analysts, developers, and users.”
At press time, NEO is trading at $136.03 a coin, up 17.25%, in 24 hours. If you’d like to invest and trade for NEO you can do so on UpBit, Binance, CoinEgg, Bitfinex, Bittrex, OKEx, and Huobi.
The coin that powers the NEO blockchain, GAS, is also seeing major gains. GAS is trading at $42.00 a coin, up 15.79%, in 24 hours.
Bitcoin (BTC)
Bitcoin (BTC) has just broken above the $10,000 price mark again. The past 48 hours it took a dip under the mark but it seems to be steadily climbing. Fundstrat Global’s co-founder, Tom Lee, is notorious for his Bitcoin predictions and he believes that it will take Bitcoin around 90 days for the currency to fully recover. At the beginning of this month, the coin hit all-time lows near $6,000 USD, a coin. That’s the lowest price the coin has reached since November of 2017.
If Mr. Lee’s recovery prediction is correct, Bitcoin should reach near its record high of $20,000, around June of 2018.
At press time, BTC is trading at $10,291.60, up 8.33%, in just 24 hours. Currently, the cryptocurrency holds 38.7% of the total market dominance.