A handful of coins and tokens are making gains not seen for months, on the back of the recent Bitcoin (BTC) rallies. The common thread uniting those assets is that they are highly active on Chinese exchanges. The rally was led by NEO, the “Chinese Ethereum”, a network that has lagged in development compared to other blockchains, and hardly hosts any distributed apps.
NEO languished under $9 for months, with the only boosting factor the launch of NEO 3.0 in 2020, a new version that avoid some of the network problems of the current system. But after the Friday BTC rally, NEO moved to $11.65, up more than 58% since last week.
NEO is still very far from its peak at above ...