Neiro Ethereum (NEIRO), the dog-themed meme coin that was launched a few days ago, has hit another all-time high.
Neiro Ethereum (NEIRO), a meme coin that was launched recently, has hit another all-time high. At press time, NEIRO’s price is $0.27, thanks to a 23.81% 24-hour increase.
The market cap of the 10-day-old token, which surpassed $100 million within a short period, is now approaching $300 million. This on-chain analysis dives into the factors responsible for the immense growth and what could be next.
Neiro Community Unfazed, Sticking to HODLing
BeInCrypto finds that the cryptocurrency has been able to sustain the hike due to the rise in the balance of addresses.
According to Santiment, addresses holding 10,000 to 1 million tokens have added to their holdings despite a few drawdowns before the recent milestone. Typically, an increase in a cryptocurrency’s balance, especially from large investors, serves as a sign of conviction in its short—to long-term potential.
Therefore, it seems that several whales in the market believe that NEIRO on ETH is not just a “pump and dump” meme coin. Instead, the sentiment shown by their actions tilts toward the belief that the token could replicate the longevity similar to the top meme coins in the market.
However, it is worth noting that Ethereum co-founder Vitalik Buterin does not share this sentiment. This is because Buterin sold all of the 4% supply the Neiro Ethereum team airdropped to him on August 5.
Despite the controversial circumstances under which this occurred, the NEIRO on ETH community appears to be sticking to the script of HODLing. Meanwhile, NEIRO’s daily on-chain transaction volume in profit seems to support the possibility of a higher price.
This metric tracks the number of tokens involved in transactions that resulted in realized profits. When this number increases, cryptocurrency holders sell, which could put downward pressure on the price.
But for NEIRO, the daily on-chain transaction volume in profit, as of today, is lower than the past four days. If this remains the same, NEIRO’s price may not feel the negative impact of increased profit-booking.
NEIRO Price Prediction: Can It Reach $0.30?
Based on the 4-hour chart, NEIRO seems ready to hit new highs as long as it experiences increasing upward momentum. The Awesome Oscillator (AO) is one indicator supporting this bias.
The AO is a technical analysis tool that measures momentum by comparing the difference between the 34-period and 5-period Simple Moving Average (SMA). This difference results in a histogram that shows whether momentum is bullish or bearish.
At press time, the AO on NEIRO’s chart is above the zero line, indicating that momentum is bullish. If sustained, this could help NEIRO’s price trade higher in the short term, possibly surpassing the $0.28 to $0.30 levels.
However, if the number of addresses holding the token decreases or profit-taking jumps, this prediction may be invalidated. If that is the case, NEIRO’s price could drop to $0.24.
In the meantime, SlumDOGE Millionaire, a trader who was one of the biggest gainers of Dogecoin’s (DOGE) 2021 bull run, says that he bought into the NEIRO on ETH instead of the one on Solana.
Before concluding, the trader gave some reasons, saying that the meme coin held strongly during Monday’s broader market crash. Other ground mentioned includes the Dogecoin narrative, and its strong community.
“This NEIRO is the new DOGE. It is literally and figuratively and will carry the torch that the original DOGECOIN sparked.” SlumDOGE Millionaire opined.
The above is the detailed content of Neiro Ethereum (NEIRO): The New Dog-Themed Meme Coin Hitting All-Time Highs. For more information, please follow other related articles on the PHP Chinese website!

Despite brief moments of potential recovery, most of meme coins had a challenging week. Popular tokens like Bonk (BONK) and Pepe (PEPE) saw their prices drop by double digits.

The Neiro price plummeted 46% in the last 24 hours to trade for $0.01743 as of 09:30 a.m. EST. The NEIRO token's dump comes amid controversy over insider buying

The Neiro Ethereum Value skyrocketed 58% within the final 24 hours to commerce at $0.2095 as of 4.10 a.m. EST on buying and selling quantity that climbed 4% to $34.8 million.

NEIRO has emerged as one of the standout performers in the past week, with its price rocketing nearly 400% as indicated by CoinMarketCap data.

The Neiro price surged 45% in the last 24 hours to trade at $0.01199 as of 06:54 a.m. EST, with trading volume skyrocketing to $3 million.

Independent blockchain sleuth Wazz posted a public warning on July 28 that the “biggest $Neiro token on Ethereum is a honeypot.”

The NEIRO token has been showing resilience amidst a broader crypto market decline lately. Crypto analysts are watching NEIRO's price action, which is about to break out.

Neiro Ethereum (NEIRO), the dog-themed meme coin that was launched a few days ago, has hit another all-time high.

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

AI Hentai Generator
Generate AI Hentai for free.

Hot Article

Hot Tools

SublimeText3 English version
Recommended: Win version, supports code prompts!

DVWA
Damn Vulnerable Web App (DVWA) is a PHP/MySQL web application that is very vulnerable. Its main goals are to be an aid for security professionals to test their skills and tools in a legal environment, to help web developers better understand the process of securing web applications, and to help teachers/students teach/learn in a classroom environment Web application security. The goal of DVWA is to practice some of the most common web vulnerabilities through a simple and straightforward interface, with varying degrees of difficulty. Please note that this software

mPDF
mPDF is a PHP library that can generate PDF files from UTF-8 encoded HTML. The original author, Ian Back, wrote mPDF to output PDF files "on the fly" from his website and handle different languages. It is slower than original scripts like HTML2FPDF and produces larger files when using Unicode fonts, but supports CSS styles etc. and has a lot of enhancements. Supports almost all languages, including RTL (Arabic and Hebrew) and CJK (Chinese, Japanese and Korean). Supports nested block-level elements (such as P, DIV),

Notepad++7.3.1
Easy-to-use and free code editor

PhpStorm Mac version
The latest (2018.2.1) professional PHP integrated development tool
