The crypto markets are getting off to a slow start this morning. Bitcoin (BTC) has dropped below the $8,000 mark, and NEO, Stellar (XLM), and Ethereum (ETH) are all in red territory as well.
So what’s going on? Is it a case of the Monday Blues? Or, is it an indication that something serious is on the horizon for the cryptocurrency markets? Let’s see what we can find out.
NEO
NEO is currently selling for $65.64, which puts the coin down 4.77% in the past twenty-four hours. Last week, on Friday, April 13, the coin was up, selling for $66.46 at one point during the trading day.
Source: CoinMarketCap[1]
Interestingly, NEO’s price drop comes a few days after NEO unveiled the Victor project in Amsterdam. On April 14, NEO hosted the first conference of its European tour, and it was here NEO decided to reveal the contents of its latest project with Victor, a decentralized shopping platform.
Rodger Buyvoets, CEO of Victor, unveiled the project at the NEO Amsterdam event. Here’s how the NEO x Victor project works: Victor is a platform that allows consumers manage, secure, and monetize their data while having the option of sharing their data with various online brands. Victor hopes this interaction between the consumer and online brands will improve user experience significantly. NEO comes into the picture because Victor has been built on the NEO blockchain.
As NEO moves forward with its European tour, it will be interesting to see if it reveals more projects. It will also be interesting to see how the crypto markets react to such projects if announced. NEO is moving onto Lisbon tomorrow, April 17, before heading to Madrid on April 20.
Stellar (XLM)
Here
