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The Neiro price skyrocketed 75% in the last 24 hours to trade at $0.00005814 as of 5 :00 a.m. EST on trading volume that soared 328% to $9.7 million.
The token has seen ups and downs in the past week, only to reach its highest point in the last seven days earlier today, when it climbed to $0.00007527.
Neiro has only been live for less than a month, but it already has a complex history. Its original developer abandoned the project after trying to rugpull investors, and they also sent a portion of the money to Vitalik Buterin in order to list him as a major holder. After the dev abandoned the project, the community took over, establishing First Neiro on Ethereum as Dogecoin’s younger sister.
As for the funds sent to Buterin, he sold the tokens and, in collaboration with Neiro’s new community, donated the earnings to an animal charity. The project may have had a rough start but the controversy put it on the map of major investors. Its rebirth allowed it to establish itself as a legitimate and trustworthy crypto.
It even published a post on X less than 24 hours ago saying that the First Neiro on ETH LLC has been established in the Great State of Wyoming, which is partially a reason behind its recent price surge.
Neiro Price Prediction
Following the massive surge in the past 24 hours, which pushed NEIRO to its weekly high, the current bear market interfered with the token’s price performance. As such, the meme coin was rejected from a resistance at $0.000070. The token started spiraling down rapidly as a result, but its descent has been slowed down by a few supports.
However, some technical indicators suggest that NEIRO is still not ready to stabilize. Its Bollinger Bands remain quite wide, which suggests that there is still major interest in the token. However, its price has fallen from the upper band all the way down to the lower band.
Meanwhile, the token’s Relative Strength Index (RSI) value has fallen from the overbought zone towards the neutral area, only to slip slightly under this region to the value of 42.70 as of the time of writing.
Right now, the price has seemingly stopped its drop, but it is still possible that the new support at $0.000057 might break and that the token will keep descending. If this happens, and the meme coin’s RSI continues to drop as well, traders might move in to buy the dip when the RSI drops to the oversold zone at 30.
Alternatively, NEIRO could also go back up if the bearish influence in the broader market weakens and the bulls manage to regain control. In other words, NEIRO is in a delicate position right now, and there is a lot of risk involved. Traders who are looking to buy now should proceed with extreme caution.
Promising Alternative To Neiro
While First Neiro on Ethereum is currently undergoing a correction, the token could surge again once the bearish pressure weakens and bulls take control again. In the meantime, crypto investors could consider a new high-potential meme coin by the name of Crypto All-Stars (STARS).
Crypto All-Stars is a new meme coin that has developed a brand new staking smart contract that could revolutionize the staking process throughout the industry. Known as MemeVault, the new smart contract allows users to stake more than one meme coin.
Typically, any project that allows users to stake its tokens only supports its own native token. MemeVault, on the other hand, allows users to stake several major meme coins, including Dogecoin, Floki, Brett, Pepe, Turbo, Milady, and more. The project’s goal is to unite the meme coin sector by becoming the heart of meme coin staking.
Its new technology and ideology quickly started attracting investors, with the project having raised over $813k in the past few weeks.
Now, the STARS ICO is rapidly approaching its first million dollars. The token’s price is still low as well, sitting at only $0.0013078. However, it will not stay this low for long because its price is scheduled to increase with each subsequent stage of its presale.
The project’s potential put it on the radar of many major investors and crypto experts, including the crypto YouTuber known as ClayBro, who has over 130k subscribers. The popular YouTuber believes that Crypto All-Stars offers at least a 29X opportunity, and should not be ignored.
Buy STARS on its official website here.
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