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A strong performance sees NEO touch $10.73 for the first time since August 2022.
The chart below shows since the start of the new year, NEO’s price performance has largely matched that of the market leader, Bitcoin (
$76,543.00 ) .
However, a noticeable difference lies in NEO’s continuation of form. From Feb. 02, BTC topped out at $24,296 to record YTD gains of 46% at that point. Yet NEO has continued to run as Bitcoin ( $76,543.00 ) , and the broader market has lost momentum.
A 23% upside swing on Feb. 9 saw the token break $9.18 resistance, established in early November 2022, just before the FTX collapse.
YTD gains at the top of the current daily wick come in at 75%. However, a spill in the early hours (GMT) has recorded a long bottom wick. Combined with a firm rejection at $10.73, a “Darth Maul” candle, aka high wave spinning top, has been printed.
This suggests that the prior uptrend has hit a point of indecision.
Source: NEOUSDT on TradingView.com
NEO Global Development Program
On Feb. 7, NEO announced partnering with “FindTruman,” a Web3 game that brings “a first-person immersion style” story format.
The accompanying FTG token enables governance rights and staking rewards, and plans are in place to integrate AR/VR technology.
FindTruman’s creators want game creators and players to get a fairer share of the gaming ecosystem they contribute to and develop. They see Web3 and blockchain as a path to fulfilling that ambition.
“FindTruman, a crowd-sourced, whodunit-style game, drew notice in Neo’s 2022 Polaris Launchpad Hackathon, earning an Excellence Award in the competition.”
The game was incubated through NEO’s EcoBoost Program, which provides $200 million of funding for small and medium-sized projects to develop and build on the NEO N3 blockchain.
