Could NEIRO potentially create millionaires by the year 2024? This article explores the price analysis of NEIRO, one of Ethereum’s latest meme coins, and its potential for future growth.
NEIRO has quickly risen to become one of the top ten meme coins in terms of market capitalization, challenging the dominance of Dogecoin ($DOGE). However, the question remains: how much further can this young token go?
Recently, NEIRO reached a new all-time high of $0.002259 before experiencing a 12% pullback in the last six hours. Its performance in the past 24 hours has mirrored that of Dogecoin, with both coins experiencing slight appreciation. While Dogecoin grew by 0.7% to trade at $0.1158, NEIRO saw a 0.4% increase, reaching $0.002021 as of the time of writing.
Although NEIRO is among the better-performing coins in the top ten currently, its gains over time are diminishing compared to other meme coins. For example, Turbo ($TURBO) saw a 99% increase in value over the week, while SPX6900 ($SPX6900) saw a 55% surge. Shiba Inu ($SHIB), Dogecoin’s original challenger, experienced minimal intraday losses of 0.5%. However, it has been the worst-performing meme coin in the top ten over the week, with only 4% gains.
Despite NEIRO’s initial marketing stunt of airdropping 4% of the token supply to Ethereum creator Vitalik Buterin, who then sold it all, the token has consistently rallied since then. It is now close to its all-time high, with support forming around the psychologically significant threshold of $0.0020. The token faced resistance at $0.0013 at the end of September, but in October, it experienced a decline, reaching a low of $0.00086 on October 3. This indicates strong support for the token around $0.001.
Currently, NEIRO’s relative strength index (RSI) stands at 45 and is falling. This suggests that the market is pricing NEIRO well, despite it being at its highest point ever. However, with the market already saturated with several leading doge meme coins, there is a possibility that NEIRO may be seen as just another passing fad.
On the other hand, the micro cap meme coin ICO market is seeing the launch of many new meme coin species, such as Flockerz ($FLOCK). Flockerz is a vote-to-earn (V2E) meme coin that aims to offer crypto fans attractive staking rewards and community-building incentives. Its presale, which started last month, has already raised over $712,000.
Holders of Flockerz, known as “The $FLOCK,” are integral members of a decentralized autonomous organization (DAO) called Flocktopia. Within this community, members have the power to draft and vote on governance and improvement proposals, ensuring that all important decisions are made through community consensus. By rewarding voters with $FLOCK, Flockerz incentivizes frequent community engagement and aligns everyone’s interests towards the success of the project.
Additionally, Flockerz offers a staggering yield of 2,426% on tokens locked up for a two-year staking period. The project has undergone a thorough audit of its smart contract by Coinsult to provide investors with peace of mind. Flockerz is also aiming for listings on both centralized and decentralized exchanges (CEXs and DEXs), with the vote-to-earn mechanism launching after these listings.
In conclusion, while NEIRO has shown potential for growth as a meme coin, the market is already saturated with similar coins. However, the emergence of new meme coin species like Flockerz presents exciting opportunities for crypto enthusiasts, with its unique vote-to-earn mechanism and attractive staking rewards. As with any investment in the crypto space, it is important to remember that it carries high risks and this article should not be considered as investment advice.
