As a seasoned crypto investor with over a decade of experience in the market, I must admit that my initial skepticism towards NEIRO was quickly shattered when it started showing such impressive performance amidst the challenging market conditions. I remember the days when I would’ve given anything for a coin like this during the 2017 bull run!
The NEIRO token has gained significant popularity in the market due to its consistent earnings for its owners. Despite a less than ideal market environment since its debut in early August, which has negatively impacted every cryptocurrency, the NEIRO’s growth persisted. In this challenging market landscape, many investors have enjoyed substantial returns, with three crypto traders pocketing $2 Million each following an overnight price surge of 1000%.
Why Is NEIRO Coin Price Rising Continuously?
Over the past week, the price of Neiro on Ethereum (NEIRO) has skyrocketed over 1970%, now sitting at $0.0009002 following a relentless push by bulls. This surge took it to an all-time high of $0.0009742, reached only 10 hours ago, after numerous platforms started listing the token. Notable among these are well-known crypto exchanges such as Binance and Kucoin, along with several others.
The significant jump in the NEIRO coin value occurred immediately following its listing on both the spot and futures market at Binance, resulting in a staggering 800% increase over just a few hours. Moreover, with additional news of forthcoming listings, the token’s price has continued to climb higher.
Starting from September 16, the value of the token has soared from $0.00003628 to its all-time high (ATH) of $0.0009742, leaving investors astounded by such rapid growth. However, today’s market scenario is distinct, as it appears to be recovering. The implication of the Fed’s 0.50% rate cut has caused Bitcoin‘s price to reach $62K, which in turn has revitalized the entire crypto market. This resurgence has resulted in a 6% increase in the NEIRO token price as well. Previously, CoinGape analysts had predicted that the token’s price might escalate up to $0.0002 by the end of this month.
Is NEIRO Coin The Next PEPE?
The steep climb in NEIRO’s price appears reminiscent of PEPE‘s rapid increase, occurring just a month after its debut. In its early days, the Frog token skyrocketed by over 24% within merely 24 hours, peaking at $0.000005378. However, this surge was fleeting, as the price plummeted dramatically and stayed low for months. A similar rally occurred at the start of this year, followed by another in May, making PEPE’s meme coin rise the most significant ever recorded.
At that time, the value of PEPE skyrocketed in a way reminiscent of an exponential curve, setting new all-time highs (ATH) for several consecutive days. It eventually reached $0.00001718 on May 27, but soon after, it plummeted approximately 50%, now sitting at $0.000007846. This significant drop has sparked comparisons between these two tokens, particularly due to their shared meme coin status and impressive post-launch surges. What’s more, both of these tokens were launched on the Ethereum network, creating another point of similarity that could contribute to their success.
Notably, the likeness of NEIRO and the Dogecoin mascot, Kabosu, is generating significant interest in this currency. This is largely due to the adoration that Dogecoin has garnered globally, and expectations are high that NEIRO will experience a similar surge in popularity.
With this development, there’s considerable optimism about the future of this digital token. Furthermore, with the excitement building up for Uptober and the predicted bull run, it’s anticipated that both these tokens will deliver strong returns.
Final Thoughts
Similar to PEPE, Neiro Coin is rapidly gaining traction as another lucrative cryptocurrency, with its value skyrocketing over 1970% in the past week. This upward trend persists even today, with the token setting a new all-time high (ATH) merely a few hours ago, following another ATH set yesterday. The surge mirrors PEPE’s behavior when it was at its peak a few months back, leading the crypto market in profitability. However, PEPE experienced a significant drop since then, so we’ll have to wait and see how Neiro Coin fares moving forward.
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2024-09-19 15:02