With so many currencies in the red once again, it is almost surprising to see NEO in the green At the same time, a lot of cryptocurrencies respond in very different ways whenever market volatility ensues. In the case of the NEO price, the current volatility hasn’t caused its NEO/BTC rate to drop, hence the overall USD value remains stable and even goes up. In fact, we see a NEO price increase of 9.63% in USD value over the past 24 hours, which is rather significant in its regard.
Additionally, we see the NEO/USD rate improve by 14.43% in favor of the altcoin. That in itself is rather significant, as it may indicate we see the NEO price head to $170 rather soon. Right now, the same NEO is worth $160, which is a very strong increase compared to about a week ago. It is evident reaching a new all-time high for NEO will only be a matter of time, even though the opinions may still be divided on this front right now. All cryptocurrency markets are subject to increased volatility, and NEO will not escape this spiral whatsoever.
Dont forget to like it if you like ;) Major Support Level – $162 Major Resistance Level – $140
As all the time when a exchange platform of cryptocurrency has been hacked everyone sell his coins . Few days ago Coincheck ( asia ) has been hacked .
The Financial Services Agency (FSA) on Sunday ordered improvements to operations at Tokyo-based Coincheck, which on Friday suspended trading in all cryptocurrencies except bitcoin after hackers stole 58 billion yen ($534 million) of NEM coins, among the most popular digital currencies in the world.
Coincheck said on monday it would return about 90% with internal funds, though it has yet to figure out how or when.
The NEM coins were stored in a “hot wallet” instead of the more secure “cold wallet,” outside the internet, Coincheck said. It also does not use an extra layer of security known as a multi-signature system.
Decentralized Cold wallet means multi-signature system private key/public-key, One of the keys is held in your own home.
i wish you a good day and be carefull .
Anonymous121212
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Sorry for the stupid nooby question, but isn't at this time $140 the support level and $162 the resistance ? Or maybe you meant that 140 is the "recent historical" resistance ? I'm a bit confused, could you take some time to explain ? Thanks in advance
The Financial Services Agency (FSA) on Sunday ordered improvements to operations at Tokyo-based Coincheck, which on Friday suspended trading in all cryptocurrencies except bitcoin after hackers stole 58 billion yen ($534 million) of NEM coins, among the most popular digital currencies in the world.
Coincheck said on monday it would return about 90% with internal funds, though it has yet to figure out how or when.
The NEM coins were stored in a “hot wallet” instead of the more secure “cold wallet,” outside the internet, Coincheck said. It also does not use an extra layer of security known as a multi-signature system.
Decentralized Cold wallet means multi-signature system private key/public-key, One of the keys is held in your own home.
i wish you a good day and be carefull .