NEIRO Price Surges by 115%: What’s Driving the Sudden Spike?

by

As a seasoned researcher with years of experience analyzing cryptocurrency markets, I have to admit that the sudden surge in First Neiro On Ethereum (NEIRO) price has caught my attention. In my time following this dynamic and ever-evolving market, I’ve seen many meme coins rise and fall, but NEIRO seems to be carving its own path.

Recently, the price of Neiro on Ethereum (NEIRO), a newly launched meme coin inspired by Shiba Inu, has noticeably risen in the market. This upward trajectory implies a positive or “bullish” outlook, further supported by NEIRO’s current position above its critical support line. The substantial growth in its value can largely be credited to its swift inclusion on numerous prominent cryptocurrency trading platforms.

Why Is NEIRO Price Surging?

As a researcher immersed in the dynamic world of cryptocurrencies, I’ve been captivated by the recent surge in interest surrounding NEIRO, the latest meme coin on Ethereum. On September 16, 2024, NEIRO made its grand entry into both the spot and futures markets on Binance, an event that sparked a remarkable 800% spike in its price within a single day. Over the past week, the frenzy surrounding NEIRO has propelled its value by an astounding 1,200%.

Starting from September 17, KuCoin started trading NEIRO under the symbol NEIROCTO in pair with USDT, due to a naming issue. Deposits for NEIRO on the ETH-ERC20 network were enabled, and they planned to allow withdrawals from the next day, September 18.

New Listing@neiroethcto #NEIROCTO Gets Listed on #KuCoin!
Pair: Neirotto / USD Tether
— KuCoin (@kucoincom) September 17, 2024

Furthermore, Bybit now supports NEIRO for transactions on the Ethereum blockchain. The integration of Bybit has boosted the coin’s reliability and visibility, but it has also caused significant price swings, with a substantial, if temporary, rise in its worth.

These sequential presentations have amplified NEIRO‘s visibility in the market, sparking a surge of volatility as a result of increased investor attention and anticipatory dealings.

Binance Adds NEIRO Price and More to Loans

Just announced: Binance has broadened its selection on both Flexible Rate and VIP Loan offerings. The new inclusions are Baby DogeCoin (1MBABYDOGE), First Neiro on Ethereum (NEIRO), Polygon (POL), and Turbo (TURBO). For the most current interest rates and a complete list of assets eligible for loans and collateral, users are advised to check the Loan Data and VIP Loan pages.

In recent hours, the value of First Neiro on Ethereum has experienced a significant increase. This rise in price mirrors similar trends observed across other cryptocurrency markets, suggesting a positive outlook for the market overall.

At present, Bitcoin‘s price stands slightly above $61,900, causing a rise in other cryptocurrencies as the ongoing Fed meeting continues. Currently, Neiro’s price is at $0.0008016, representing a substantial daily increase of approximately 107.77%. The trading volume for Neiro has spiked by 81%, with an impressive $771.86 million worth of Neiro being traded in the last 24 hours.

How High Can NEIRO Price Go?

On the cryptocurrency platform MEXC, the technical indicators for NEIRO suggest a significant increase in market activity, with its price trending upward. The Relative Strength Index (RSI) has risen sharply in tandem, hitting 91 – a level often associated with an overbought market situation.

NEIRO Price Surges by 115%: What’s Driving the Sudden Spike?

The price of NEIRO is currently on a strong upward trend, aiming for even higher increases. At present, it’s encountering a significant resistance level at approximately $0.0009. If it manages to break through this hurdle, its value might rise to $0.001. With the current momentum, we may anticipate NEIRO’s price nearing $0.0002 by the end of this month.

Read More

2024-09-18 12:12