The Neko coin is trending as the cryptocurrency managed to record a gain of more than a staggering 400% during the past twenty-four hours. With the crypto market being in a large bearish trend as the new year started, investors are looking for hidden gems that manage to defy the market momentum. The cryptocurrency may be currently a good bet as it not only managed high gains but also reached towards a new all-time high at a price level of $0.00019. The token fell to market corrections subsequently which hindered the bullish outlook for a while but it has started off on an uptrend once again. If the trend continues it may establish a new all-time high.
What is Neko?
Neko is a platform that is developing various products for the future of the blockchain technology. Currently, it is focusing on a hardware wallet. With the rise in the popularity of the cryptocurrency market, there have been a near-proportional rise in hacks that have resulted in significant losses for various crypto players which is why security has become more relevant than ever for this market. Neko is building a hardware wallet for cryptocurrencies which would have security as its primary focus. Moreover, the wallet will also offer features that are required for the current crypto market. It will offer storage for cross-chain tokens as well as NFTs.
Neko is also working on an NFT marketplace – which is undoubtedly the need of the hour as NFTs have garnered a huge popularity. The NFT marketplace will also be designed to be easily integrate-able with the wallet. The platform will also offer integration of different tokens for a minimal fee. In essence, the platform is working on various interesting products which has resulted in high anticipation in the market and has caused the token to surge upwards.
Why is it trending?
Neko is trending because of the phenomenal growth the token experienced during the day. Moreover, the platform is also offering a lot of interesting features and the anticipation has resulted in hype around the platform. The team is also keeping the community involved in the development procedures and so far, the progress is going good. Neko has also been onboarded on CertiK which is a leading security-based ranking platform for blockchain-based projects. The project can have a really good potential.
