NEO and TRON saw the biggest price increase in the third quarter of the year, according to eToro
With the recent rise of DeFi, the crypto community is now seeing other digital assets outpacing Bitcoin's price movement, as according to the report from eToro For the third quarter, NEO and TRON experienced the largest price increase in the third quarter.
According to him report titled «What Moves Crypto Asset Prices: Third Quarter 2020 Quarterly Report«, NEO and TRX experienced a change of + 87.1% and + 55.9% quarter-over-quarter (quarterly) in the third quarter of 2020, respectively. During the same period, Bitcoin (BTC) saw an increase of only + 16.5%.
According to the report, NEO experienced the largest price increase (87.1%) in the third quarter of 2020, followed by TRX. Ethereum Coin ETH is ranked 3 with + 55.6%, XRP at 4 with + 36.5%, IOTA at 5 with + 24.9%, Zcash at 6 with + 21.6%, BTC at 7 with + 16 , 5%, Litecoin (LTC) at 8 with + 10.8%, Stellar at 9 with + 9.6% and EOS at 10 with + 8.9%.
As reported, NEO kicked off the third quarter by announcing the launching from the InterWork Alliance (IWA), a platform-neutral organization to accelerate blockchain technology innovation. Other activities that highlight NEO include its partnership with the Blockchain-Based Service Network (BSN) and the launch of Neo3 Preview3, on August 7, focused on protocol improvements and bug fixes to provide a more stable platform for customers to use. community teams work.
Furthermore, NEO also launched its DeFi protocol, Flamingo Finance, By the end of September. "Despite being the best performing asset on eToro US, trading volumes on NEO did not even rank in the top 10 on the platform," the eToro report says. While it was not in the top 10 trading assets on eToro USA, in the global ranking, NEO is ranked # 8 among the top 10 assets by trading volume in Q3 with a 153% increase.
The event behind Tron's growth of TRX is the launch of its DeFi platform, JustSwap. During the third quarter, the price of TRX appreciated by 55.9%. When it comes to trading volume, TRX saw the largest increase in trading volume on global eToro with an increase of 203%. The coin saw an equally large increase in trading activity within the US for eToro, increasing by 180%.
The report further states:
"While XRP was the third most traded crypto asset on eToro globally, increasing trading volumes on Zcash and Tezos pushed the volume of both currencies above XRP within the United States."
Among the top 10 crypto assets by trading volume, Bitcoin saw a drop in trading volume on global eToro with a 38% change, but saw a 17% increase on eToro USA.
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