NEO, which has been the ‘fast-growing cryptocurrency’ since the year began, was the only digital currency to surge this weekend.

NEO reached an all-time high of $160 while its major rivals like bitcoin, etherem and ripple either dropped or experienced minimal growth.

According to News BTC, many traders hope to see a NEO price of $250 by the end of the month.

The latest rival in the booming cryptocurrency trade was created by Chinese developers as a “next-generation smart economy platform”.

The currency, which is called the ‘ethereum of China’, has a key advantage over its rival – transaction speed.