Our column dedicated to news and prices of crypto assets in circulation continues into the weekend, today we will focus on three projects with innovative and revolutionary footprints: Algorand (ALGO), Neo (NEO) and DeRace (DRC).
Prices and market statistics of cryptos Algorand (ALGO), Neo (NEO) and DeRace (DRC)
Algorand (ALGO) is currently trading at US$0.12 with a market capitalization of US$968.1 million.
The trading volume for the past 24 hours is US$77.0 million, while the circulating supply is 8.0 billion ALGO. The average holding time for this cryptocurrency stands at 79 days, ranking it 50th in terms of popularity.
From a historical analysis, Algorand’s all-time high was US$3.28. However, in the past 24 hours it has experienced a negative change of 5.23%.
During the previous week, the price marked a growth of 8.52%.
Neo (NEO) is currently trading at a value of US$12.41, with a market capitalization of US$873.8 million.
The trading volume in the past 24 hours is significant, amounting to US$427.7 million, while the circulating supply is 70.5 million NEOs.
Throughout its history, Neo has reached an all-time high of US$196.85. However, at the moment, the price has seen a decrease of 4.8% in the last hour and a slight negative change of 1.68% in the last 24 hours.
It should be noted that Neo has seen a remarkable 31.01% growth over the past week.
DeRace (DERC) is currently trading at US$0.22, with a market capitalization of US$24.8 million. In the past 24 hours, trading volume has reached US$1.4 million, while circulating supply stands at 112.9 million DERC.
Historically, DeRace touched its all-time high at US$8.26. However, in the last hour, the price has decreased by 5.02%, while in the last 24 hours it has marked a significant growth of 14.07%.
During the previous week, DeRace experienced a significant growth of 37.68%.
The innovation of the crypto NEO
With a significant gap from established cryptocurrencies such as Neo (NEO), the cryptocurrency landscape is undergoing transformative change, driven by innovative developments and strategic breakthroughs. On 7 November, Neo unveiled a groundbreaking initiative, introducing a sidechain compatible with EVM (Ethereum Virtual Machine) and resistant to MEV (Miner Extractable Value).
This ambitious project aims to elevate the blockchain infrastructure and improve the efficiency of the decentralized finance (DeFi) ecosystem.
To promote community engagement and inclusiveness, Neo launched a sidechain naming campaign, inviting enthusiasts and stakeholders to actively participate in the naming process.
This collaborative approach reflects Neo’s commitment to building a decentralized ecosystem that values the contributions and creativity of community members.
Reflecting the impact of this announcement, NEO experienced a substantial price hike, reaching a 36-week high of $15 on 5 November.
NEO found significant support at the $12 level, suggesting a potential stabilization range between $12 and $17 if this support holds. In the event of a break below this level, the possibility of a drop to $10 exists.
This crucial moment is prompting investors to reassess their portfolios and explore new avenues with promising prospects.
One such venture that could catch the attention of discerning investors is VC Spectra (SPCT), as the cryptocurrency landscape continues to evolve, presenting dynamic opportunities for strategic investment moves.
Source: https://en.cryptonomist.ch/2023/11/12/prices-news-algorand-neo-derace-crypto/