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NEO Market Overview: NEO/USD goes up as Nash finalizes protocol spec for Bitcoin trading

FX Street
Updated:
  • NEO/USD went from $9.30 to $9.95 this Friday.
  • Nash.io, formerly known as NEX, is a decentralized exchange built on top of NEO.

NEO/USD bulls enjoyed a fruitful Friday as its price went up from $9.30 to $9.95, charting a 7% growth. Boosting the price was the news that Nash.io, a decentralized exchange built on top of NEO, has finalized protocol spec for Bitcoin trading. Ethan Fast “, Nash co-founder, tweeted the following:

“Really excited that we’ve finalized the protocol spec for Bitcoin trading on Nash this week. What we’ve come up with will provide significant improvements in security and performance over any of today’s exchanges “

NEO/USD daily chart

NEO/USD had a bearish Thursday but found support on the long-running upward trending line and went up to $9.95 this Friday. The price is trending around both the 20-day simple moving average (SMA 20) and SMA 50 curves. The moving average convergence divergence shows that the signal line and MACD line are on the verge of convergence which will shift momentum towards the bulls.
 

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