Can NEIRO Create Millionaires in 2024? NEIRO Price Analysis
Meme Coins
NEIRO
Presale
NEIRO emerged as a top ten meme coin seemingly out of nowhere. But can it still generate millionaires?
Ethereum’s hottest challenger to Dogecoin, NEIRO, has reached a new all-time high and secured its position as the tenth largest meme coin by market capitalization.
The question now is: how much further can this token, which is just three months old, go?
NEIRO’s price reached a new high of $0.002259 today before experiencing a 12% pullback in the last six hours.
Over the past 24 hours, NEIRO’s performance has mirrored that of the original meme coin, Dogecoin. While Dogecoin grew by 0.7% to trade at $0.1158, NEIRO saw a 0.4% increase. Looking at the past seven days, Dogecoin has risen by 7.7% while NEIRO has gained 4.4% and is currently priced at $0.002021.
While NEIRO is one of the better-performing coins in the top ten today, its gains over time are diminishing. In contrast, Turbo has surged by 99% over the week, and SPX6900 has grown by 55%.
Another top ten meme coin, Shiba Inu, has experienced nominal intraday losses of 0.5%. It is also the worst performing meme coin in the top ten over the week, with gains of only 4%.
The question remains: Can NEIRO still make millionaires?
NEIRO’s developers made headlines by airdropping 4% of the token’s supply to Ethereum creator Vitalik Buterin on August 4. At the time, it was worth around $130,000. However, Buterin subsequently sold all of his NEIRO tokens.
Despite this, NEIRO has consistently rallied since then. It is now close to its all-time high, and there seems to be strong support forming around the significant $0.0020 threshold.
The token faced significant resistance at $0.0013 at the end of September. October marked the beginning of a decline, with the token bottoming out at $0.00086 on October 3. This indicates the strong support for NEIRO around $0.001.
NEIRO’s relative strength index (RSI) is currently at 45 and falling. This is a bullish sign, as it suggests that the market is valuing NEIRO well, despite it being at its highest point ever.
From NEIRO to Flockerz: Meme Coin Winter Has Arrived
While NEIRO may appear promising, the market is already saturated with five leading doge meme coins, making it likely that NEIRO may be a passing fad.
However, in the world of micro cap meme coin ICOs, new species of meme coins are continuously launching. One such offering is Flockerz, a new vote-to-earn (V2E) meme coin.
Flockerz’s presale began last month and has already raised over $712,000. Marketed as “The People’s Meme Coin,” Flockerz offers crypto enthusiasts unmatched staking rewards and incentives for community building.
So, what exactly is “vote-to-earn,” and how does it work?
Flockerz holders, known as “The $FLOCK,” play an integral role in a decentralized autonomous organization (DAO) called Flocktopia. Within this community, members of The Flock have the ability to propose and vote on governance and improvement proposals.
This structure ensures that all critical decisions are made through community consensus, rather than by any centralized authority.
By rewarding voters with $FLOCK tokens, Flockerz encourages frequent community engagement while aligning everyone’s interests to make the project successful. This aspect alone makes it a stronger meme coin community than NEIRO.
A quarter of Flockerz’s 12 billion $FLOCK token supply is dedicated to staking. The protocol offers an astonishing yield of 2,426% on the tokens locked up over a two-year staking period.
Flockerz is a transparent and fully audited project. To provide investors with peace of mind, Coinsult audited its smart contract.
Furthermore, Flockerz plans to list on both centralized and decentralized exchanges (CEXs and DEXs). The vote-to-earn mechanism will be launched after the listings.
Hold on tight, because $FLOCK is about to take off!
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Disclaimer: Cryptocurrency is a high-risk asset class. This article is for informational purposes only and does not constitute investment advice. You could potentially lose all of your capital.