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The Neiro Ethereum price surged 136% in the last 24 hours to trade at $0.1194 as of 06:54 a.m. EST on trading volume that skyrocketed 54% to $55 million.
This comes despite independent blockchain sleuth Wazz posting a public warning that the token is a honeypot on July 28.
Beware, biggest $NEIRO token on Ethereum is a honeypot
It bypasses most automated scan tests but owner is constantly calling AutomatedMarketMaker() with addresses, which modifies the transfer() function, likely blacklisting any new buyers.
Most scans are not detecting this pic.twitter.com/HE5H3tEoqt
— Wazz (@WazzCrypto) July 28, 2024
There has been a deluge of Neiro meme coins launched since the owner of Kabosu, the late Shiba Inu canine who birthed the Dogecoin meme coin and thus the entire meme coin sector, announced the adoption of a new Shiba Inu dog called Neiro.
Kabosu passed away in May, but its Japanese owner announced on July 27 a “new family member,” leading to an influx of tokens based on Neiro.
Neiro Ethereum Price To Continue Rallying
The Neiro Ethereum price has been in a tear since its launch and has been up 435% from the start of July 30, according to data from GeckoTerminal.
However, the token then went through a ranging phase, consolidating within the $0.10 and $0.12 levels, forming a bullish flag pattern. The bulls aim to capitalize on the flag to push the token up as NEIRO trades above both the 50-day and 200-day Simple Moving Averages (SMAs).
The Relative Strength Index (RSI) is dropping from the overbought region towards the 50-midline level, currently at 58, an indication that sellers have the upper hand.
Based on the Neiro Ethereum price analysis on the 15-minute chart, NEIRO is on strong bullish momentum. Investors could capitalize on the bullish flag to continue with the bullish stance, pushing NEIRO to the current target and a new ATH at $0.150.
However, if the RSI retraces more due to intense selling pressure, the price of Neiro Ethereum may drop, with $0.0923 and $0.0543 (the 50-day SMA and 200-day SMA) acting as the immediate support levels.
Meanwhile, as the Neiro Ethereum price aims for a bullish trend continuation, investors are piling into a Shiba Inu derivative called Shiba Shootout (SHIBASHOOT), which has amassed over $855k in its explosive presale.
BOOM!!! 🎉
Another huge achievement for #SHIBASHOOT 🐶
We've successfully raised over $800,000! 💵
The excitement with #SHIBASHOOT keeps growing, stay tuned for more updates! 🚀 pic.twitter.com/l6hZyaHhjk
— shibashootout (@shibashootout) July 29, 2024
Shiba Shootout Presale Surges Past $855K – Best Meme Coin To Buy Now?
Shiba Shootout crafts a Wild West-inspired environment that pushes beyond conventional crypto limits. It offers an adventurous experience blending creativity, strategy, and the allure of cowboy duels.
Hurry! 🚀 Next price hike is just around the corner!
Join our community NOW and claim your free tokens before it's too late! 🎉
Join us at: https://t.co/Fxf9PWP0gz pic.twitter.com/t8H6MqqhSE
— shibashootout (@shibashootout) July 31, 2024
Users can navigate the crypto world with the flair of a Shiba cowboy, participating in thrilling high-stakes battles with ample opportunities for fun and rewards.
The project’s main attraction, a play-to-earn (P2E) mobile game, takes players to Shiba Gulch, a legendary battleground where Shiba lovers come for showdowns and to earn $SHIBASHOOT tokens.
Apart from the P2E crypto gaming in Shiba Gulch, $SHIBASHOOT holders can earn passively through the platform’s staking mechanism, which offers a stratospheric 1,120% annual yield.
According to the crypto channel 99Bitcoins, investors who buy $SHIBASHOOT can earn insane rewards.
If you are interested to participate in the presale, you can buy the token for $0.0197. But hurry as the price will increase in less than three days.
You can buy SHIBASHOOT tokens on the official website here using ETH, BNB, USDT, or a bank card.
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