NEO has leapfrogged over Litecoin (LTC) to take over 7th position behind Stellar in the top ten cryptocurrency listings. NEO may yet fall back in the charts, but Litecoin\'s loss of position has become significant. Trading last week as high as $193.76, Litecoin started a downward slide and hit a low of 113.13 before starting to creep up again at the weekend.

NEO is trading on January 29th at $155.85, with a total market capitalisation of $10,130,510,000.00. Trading volume over the 24 hours reached $463,709,000.00, on a total of 65,000,000.00 NEO coins in circulation. Its upcoming San Francisco DevCon may be influencing popularity.

Stellar (XLM) has also been maintaining a higher market cap compared to Litecoin, but the fluctuations in market cap can be attributed to many factors, such as the Mobius Network\'s adoption of Stellar for its ICO launch last week.

At one point, Litecoin was predicted to reach $500 a token, but its bull run last week terminated abruptly before it even made it to the $200 mark. Many other altcoins have also been hit by the massive Japanese hacking assault at Coincheck, although NEO seems to have held up reasonably well. Many believe that the market for cryptocurrencies is robust enough to sustain a $600 million loss of assets, and January\'s final week could see a strong recovery.