NEO Cryptocurrency Tops Chinese Coins Following Significant Announcement: Is It Time for a Full 100% Surge?
The NEO blockchain, frequently referred to as the “Ethereum of China,” has emerged as one of the top performers over the past 48 hours. The crypto token has risen by nearly 15% in a two-day span, sharply rebounding from a significant price floor level as buyers attempt to breach a local price ceiling point. At this rate, NEO crypto is not only on the brink of enhancing its two-day advances but also holds a strong potential for substantial triple-digit gains, returning to levels reminiscent of its previous dominance in the crypto space.
According to Coingecko data, NEO crypto remains robust. Despite a drop of nearly 3% over the previous trading month, the spike in the last two days has offset losses, bringing it back into a positive zone after two weeks. It has climbed 10% in the last week and nearly 12% over the past fortnight. However, it has not completely recouped the losses incurred over the past year, with a drop of over 30% persisting.
(Source: TradingView)
An examination of the daily chart indicates potential strength. Should NEO crypto close above $7 by the day’s end, there is a considerable chance prices could exceed July 2025 highs and reach $8. If achieved, the crypto token will have overcome the sellers that dominated primarily in Q1 2025 before the recent two-quarter consolidation.
Optimally, this expansion should coincide with increasing trading volume, reflecting the last two trading days. Such a price breakout would create a solid foundation for NEO crypto to surge by a minimum of 100%. In such a scenario, it could move past $14 and even retest December 2024 peaks of approximately $26, outpacing leading Solana meme coins.
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Will NEO Crypto Buyers Continue? Analysts Anticipate a 100% Surge
On X, there is considerable excitement surrounding NEO crypto, highlighting its position as one of the top cryptos to invest in. One analyst remarked that NEO has successfully surpassed a crucial resistance trend line that had restricted the coin for several months.
This breakout, accompanied by above-average trading volume, is viewed as a uptrend indicator and, according to the analyst, represents a “significant development.” He believes that the coin is set for a 100-110% increase in the coming days.
$NEO
Breaking Symmetrical Triangle on Daily Chart.
successful Upward movement can lead 100-110% Rising in coming days— Globe Of Crypto (@GlobeOfcrypto1) August 21, 2025
In the meantime, another investor commented that NEO crypto is currently making an effort to regain a long-term support zone around $7. If this is achieved, the token could surge to $30 and $35 in the upcoming weeks and months.
#NEO It looks good, the price is trying to return to the long-term base level zone, which is the block at 7$! After that, I expect a recovery to the specified area, with a price range of 30-35$ for the trend line! $NEO pic.twitter.com/Xfj7qt41ij
— Crypto Dream (@_Crypto_Dream) August 21, 2025
It is yet to be determined if NEO crypto will ascend beyond the bear’s grip. Should it happen, it could experience significant gains, reminiscent of 2021 when the platform and token capitalized on widespread crypto market enthusiasm. The foundation appears solid.
Currently, Ethereum is stable, enduring selling pressure and trading above $4,300. It nearly reached its 2021 highs, a period when NEO crypto was also robust and experiencing a strong rally.
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China Plans to Introduce a Yuan-Backed Stablecoin
Moreover, NEO seems to be capitalizing on a revival of interest in automated agreement platforms. Reports indicate that China’s State Council will evaluate a framework by the end of the month that may pave the way for launching yuan-backed stablecoins, thereby encouraging global adoption of its currency.
This move represents a significant shift in China’s approach to crypto, enhancing the prospects for China-based automated agreement platforms like NEO crypto. The block rewards and trading bans imposed in 2021 were due to concerns that private digital assets could jeopardize its currency stability. A study session with senior leadership in the country is reportedly scheduled for the near future, which will set the direction for stablecoin development.
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China’s goal to elevate the yuan to a global reserve currency, akin to the USD or the Euro, renders its plan to initiate a yuan-backed stablecoin strategically vital. The United States has already enacted the GENIUS Act, encouraging companies to launch USD-backed stablecoins, provided that the collateral involves USD deposits or Treasuries.
The GENIUS Act is poised to accelerate the expansion of USD-backed stablecoins, clarify legal structures, and expedite institutional acceptance, thereby reinforcing the USD’s supremacy in the global crypto landscape. China appears eager to counter this effect, and once the yuan-backed stablecoin is launched, it will aid in international trade and remittances.
Nonetheless, some analysts caution that due to China’s previous approach to crypto, even the yuan-backed stablecoin may encounter restrictions, limiting its scalability in global markets.
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NEO Crypto Can 2X After China Yuan Stablecoin Announcement
- NEO up 14% in 48 hours, reversing losses
- Analysts expect a 100-110% surge, targeting $14
- China’s plan for a yuan-backed stablecoin
- China is countering the USD’s influence following the GENIUS Act passage
The post NEO Crypto Leads Chinese Coins After Major Announcement: Time for a 100% Pump? appeared first on 99Bitcoins.
