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The First Neiro On Ethereum price has exploded 3,454% in the past month after climbing 3% in the last 24 hours to trade at $0.001724 as of 4.50 a.m. EST on trading volume that dropped 14% to $1 billion.
From controversial beginnings, when the project’s creator sent a portion of NEIRO to Ethereum co-founder Vitalik Buterin to list him as a major holder before pulling the rug on the community, to the project becoming fully community-owned and making peace with Buterin, a lot has happened in the few months of First Neiro On Ethereum’s journey.
The token’s price saw its greatest performance in the last 30 days or so, and it hit an all-time high six hours ago, when its price climbed just beyond the resistance at $0.0019, hitting the official ATH at $0.001937 before seeing a slight correction.
First Neiro On Ethereum Price Prediction
Despite being rejected by the resistance at $0.0019, the the First Neiro On Ethereum price did not go far, only correcting to $0.001619 before it bounced back up and started new growth, fueled by the bulls who believe that the token has not yet reached its peak.
Right now, the project’s Bollinger bands are expanding again, and its price is once again pushing the upper band further up as it continues to climb rapidly.
Both the expansion of the bands and the fact that the price is stuck to the upper one are bullish signals, although it is likely that the project will not manage to return to the $0.0019 resistance before it starts correcting again due to this rapid ascent.
This is also backed by the token’s Relative Strength Index (RSI) performance, as the metric is seeing its value rapidly approach the overbought are. After previously correcting immediately after reaching the overbought zone, the RSI reflected the traders’ major sell-off, which caused the asset to become oversold.
But, once the RSI entered the oversold zone, the bulls moved back in to buy the dip — a move that sent the metric flying upwards again. Initially, the RSI saw some hesitation when it reached the neutral area, but the bullish pressure continued to build up, albeit somewhat more slowly than before.
As a result, the the First Neiro On Ethereum price continued its rise beyond the resistance at $0.0017, but now, the RSI is approaching the overbought zone again, and another sell-off might be imminent sooner rather than later. In fact, traders might not even push the price to the resistance at $0.0018 this time, as they seem like they would rather secure smaller profits than risk losses.
Promising Alternative To First Neiro On Ethereum
Investors looking for alternative investments might want to consider tokens that haven’t yet pumped so hard. An ideal place to look for up-and-coming gems is the presale market, where one of the hottest properties right now is Pepe Unchained (PEPU).
It has surged past $18.2 million in presale amid a whale FOMO frenzy, with buys in the last 24 hours alone of $50k, $16k and a $15k. Before those purchases, it had already raised another $1 million in less than a week.
Its success is founded on the fact that PEPU is the first meme coin inspired by the OG Pepe to have its own blockchain.
The project saw the original Pepe’s disadvantages which come from it being an ERC-20 token. Running on Ethereum’s network has Pepe limited by Ethereum’s technical issues, causing Pepe transactions to be slow and expensive.
Pepe Unchained resolved the issues by creating its own Layer-2 chain, which will make it fast and cheap to use, as well as extremely scalable.
On top of that, it will have its native block explorer, its own DEX, as well as the PEPU Foundation which is set to offer developer grants.
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— Pepe Unchained (@pepe_unchained) September 26, 2024
The YouTube channel 99Bitcoins, with over 706k subscribers, speculates that PEPU has the potential to bring 10x returns after launch.
Meanwhile, the token’s price is still only $0.00994. With a price hike coming in about 18 hours, investors eager to join one of the most successful ICOs of the year should clamber aboard soonest.
Visit the official PEPU website here.
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