Four Cryptocurrencies to Watch Closely This Week – BTC, ADA, XMR, and NEO

Four Cryptocurrencies to Watch Closely This Week – BTC, ADA, XMR, and NEO

16:52 - 21/09/2020

Oracletimes

​The total crypto market cap has recovered from the September 6th lows close to $314 billion, but it is having a hard time staying above the $350 billion mark, suggesting that higher levels keep attracting sellers. Bitcoin (BTC) dominance dropped from over 68 percent in mid-May to around 56 percent in the first half of this month …

What is the NEO ?

Some call NEO “Chinese Ethereum”. Founded by Da Hongfei, NEO also places itself as IOTA, in the “smart economy” or “smart economy” sector. “We hope the platform can be used in a variety of scenarios including a front-end scenario. Such as digital asset portfolios, forums, voting systems, profile management and mobile applications. The platform also has an open API that can be used to integrate NEO with another software architecture, “explained Da Hongfei.

NEO seems to have moved beyond China’s borders to become a global player. Even China’s ban on cryptocurrencies did not seem to affect it.

Compared to the Ethereum, NEO has some advantages, including supporting multiple computer programming media. Which should allow many new developers to participate. To simplify, it is a more open system, which should stimulate innovation.