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NEO was growing due to rumors about cooperation with the Government of Russia

Jan 11, 2019 Forex News

Some rumors appeared that NEO would actively cooperate with the Russian government. This information had a positive effect on the price of NEO, increasing it by 13%. Experts from Russia confirmed that the Coin may be useful for various calculations, but the final decision hasn’t already made.

Many enthusiasts knew about such rumors last winter. However, the news didn’t affect the growth of the cryptocurrency. A little later, it became known that the president of Russia sent the appeal to NEO. And after this fact, the cryptocurrency began to grow actively.

Local investors continue to purchase NEO. In their opinion, this coin has every chance of becoming an alternative to the dollar in the country. Please note that the current cost of the coin is $9.3, which means that in just a few days of this year, NEO has risen by 20%. But yesterday, NEO showed a decline against the background of the decline in the rate of Bitcoin and other altcoins.

“Moscow can use the cryptocurrencies to counteract the American sanctions. In addition, the role of the dollar will gradually decline against the backdrop of such a trend, which will also lead to negative consequences for the US currency. The authorities can start investing in Bitcoin and other cryptocurrencies, ”said the economist Vladislav Ginko.”