Our section dedicated to the news and prices of cryptocurrencies in circulation continues during the weekend, today we will focus on three projects with an innovative and revolutionary stamp: Algorand (ALGO), Neo (NEO) and DeRace (DRC).
Prices and market statistics of cryptocurrencies Algorand (ALGO), Neo (NEO) and DeRace (DRC)
Algorand (ALGO) is currently listed at $0.12 each with a market cap of $968.1 million.
The trading volume in the last 24 hours is 77.0 million USD, while the circulating supply is 8.0 billion ALGO. The average holding time for this cryptocurrency is 79 days, which puts it in 50th place in terms of popularity.
From historical analysis, Algorand’s all-time high was $3.28. However, it has experienced a negative change of 5.23% in the last 24 hours.
In the past week, the price recorded an increase of 8.52%.
Neo (NEO) is currently trading at $12.41, with a market cap of $873.8 million.
The trading volume in the last 24 hours is significant and amounts to 427.7 million USD, while the supply in circulation is 70.5 million NEO.
Throughout its history, Neo reached an all-time high of $196.85. However, at the moment the price is recording a drop of 4.8% in the last hour and a slight negative change of 1.68% in the last 24 hours.
It should be noted that Neo has seen a significant growth of 31.01% over the past week.
DeRace (DERC) is currently trading at $0.22, with a market cap of $24.8 million. In the last 24 hours, the trading volume reached 1.4 million USD, while the circulating supply is 112.9 million DERC.
Historically, DeRace touched its all-time high at $8.26. However, in the last hour the price recorded a drop of 5.02%, while in the last 24 hours it recorded a significant growth of 14.07%.
During the previous week, DeRace experienced a significant increase of 37.68%.
The innovation of NEO crypto
With a notable departure from established cryptocurrencies such as Neo (NEO), the landscape cryptocurrencies is undergoing transformative changes, driven by innovative development and strategic shifts. On November 7th, Neo presented an innovative initiative, presenting an EVM (Ethereum Virtual Machine) compatible and MEV (Miner Extractable Value) resistant sidechain.
This ambitious project aims to advance the blockchain infrastructure and improve the efficiency of the decentralized financial ecosystem (DeFi).
To promote community engagement and inclusiveness, Neo launched a sidechain naming campaign, inviting enthusiasts and stakeholders to actively participate in the naming process.
This collaborative approach reflects Neo’s commitment to building a decentralized ecosystem that values the contributions and creativity of community members.
As a testament to the impact of this announcement, NEO saw a significant increase in price, reaching a 36-week high of $15 on November 5th.
NEO has found significant support at the $12 level, suggesting a potential stabilization range between $12 and $17 if this support holds. In the event of a breakout below this level, there is a possibility of a drop to $10.
This pivotal moment forces investors to reassess their portfolios and explore new avenues with promising prospects.
One such company that could capture the attention of savvy investors is VC Spectra (SPCT), as the cryptocurrency landscape continues to evolve, presenting dynamic opportunities for strategic investment moves.