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NEO Becomes Best-Performing Coin Inside CMC Top 20, Briefly Surpasses Ethereum Classic

  • Alex Dovbnya
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    The ‘Chinese Ethereum’ witnesses a 12 percent spike with the whole CMC top 20 remaining in the green


NEO Becomes Best-Performing Coin Inside CMC Top 20, Briefly Surpasses Ethereum Classic
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NEO (NEO) has briefly surpassed Ethereum Classic (ETC), becoming the 17th biggest currency on CoinMarketCap. The coin spiked by 12 percent over the last 24 hours.

 

NEO’s turbulent day

As the cryptocurrency market is seeing the sea of green, NEO managed to become the best performing asset inside the CMC top 20. As mentioned above, NEO recorded a 12 percent uptick over the last 24 hours with its price currently sitting at $8.72. Obviously, this price hike resulted in a substantial increase of its market capitalization, which subsequently led to NEO briefly surpassing Ethereum Classic. At the time of writing this article, ETC regained its 17th spot, but the gap between the two coins remains too minuscule to call this yo-yo race (most likely, we are dealing with another ‘Ethereum vs. XRP’ situation here).

Tron’s revenge?  

Back in July, the ‘Chinese Ethereum’ cracked inside the top 10 biggest coins by market capitalization, but it failed to keep the momentum. Notably, Tron (TRON) was the coin NEO trumped out of the top 10.

However, as of now, Tron is firmly holding tenth place after a plethora of recent announcements. Moreover, Justin Sun’s coin is currently poised to take ninth place, thus surpassing Bitcoin SV. Sun couldn’t resist the temptation to reveal the news to his community.

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Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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