NEO - Dogwifhat Left Trailing In The Dust By 'Ethereum Of China' Which Is Up Over 35% Today: Here's What's Going On | Benzinga
In the latest cryptocurrency market update, Neo (NEO) has significantly outperformed Dogwifhat (WIF) with a price surge of over 35%.
What Happened: Neo, often dubbed as the ‘Ethereum of China’, has seen a substantial price hike of 36.55%% in the past 24 hours, pushing its value to $23.03. The cryptocurrency’s market capitalization has also experienced a similar increase of 36.36%, reaching $1,623,698,859. Furthermore, its trading volume has swelled by 68.49%% to $587,951,898, according to data from CoinMarketCap.
Conversely, Dogwifhat has seen a smaller price increase of 12.28% during the same period, with its current trading price at $3.04. Meanwhile, its trade volume has seen a drop of 11.37%, amounting to $1.96 billion. However, its open interest has surged by 13.56%, reaching $313.26 million, according to the data from Coinglass.
An increase in open interest in the crypto market signifies a rise in the total number of outstanding futures or options contracts, indicating heightened trader engagement and potentially signaling bullish sentiment and increased market liquidity.
Neo, a blockchain-based cryptocurrency and application platform, was established in 2014 by Da ...