Tuesday, 25 June 2019 Market Cap: 334,686,784,781$    |    Dominance BTC: 59.76%
Rumors about the NEO partnership with Russia provoked a 13% jump in the coin

Rumors about the NEO partnership with Russia provoked a 13% jump in the coin

Rumors about the partnership of the currency NEO with Russia led to the fact that the value of the coin increased by about 13 percent. Representatives of the Russian Association of Cryptoindustry and Blockchain noted that at present the issue of using a token in the calculations remains open, but it shows the dynamics of growth.

Information that RAKIB will send a letter to representatives of the NEO project in St. Petersburg appeared in December last year. Then many traders started talking about the prerequisites for the development of the coin, but the trades proceeded according to the usual principle without obvious jumps. Later it turned out that the letter was sent on the instructions of Vladimir Putin. The news of this caused the demand for the coin, prompting its rapid growth.

Investors continue to increase asset purchases now. Many analysts say that in the future, coins in Russia may begin to be used as a full-fledged alternative to the dollar for international settlements with countries in which the cryptocurrency is nationalized. Since the beginning of 2019, NEO has risen in price by 20%. Currently, the cost of the token is about $9,3.

“Moscow can use cryptocurrencies to counter and circumvent American sanctions. In addition, the role of the dollar against the backdrop of such a trend will gradually decline, which will also lead to negative consequences for the US currency. To this end, the authorities can start investing in the acquisition of bitcoin and other coins, ” said the economist Vladislav Ginko.