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The Neiro Ethereum price surged 10% in the last 24 hours to trade at $0.1894 as of 00:40 a.m. EST on trading volume that rose 5% to $42 million.
The Neiro price has gone ballistic, surging 1,169% in a week, according to data from GeckoTerminal.
The pump follows a flood of Neiro meme coin launches since the owner of Kabosu, the late Shiba Inu canine who birthed the Dogecoin meme coin, announced the adoption of a new Shiba Inu dog called Neiro.
The pump continues despite a warning that the token could be a honeypot.
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
And it comes despite confusion over which Neiro is which after the deluge of new, would-be Shiba Inus launched.
The late Shiba Inu dog Kabosu that birthed Dogecoin passed away in May, but its Japanese owner announced on July 27 a “new family member,” leading to the influx of Neiro tokens.
Could NEIRO soar to emulate the success of its counterparts, Dogecoin and Shiba Inu?
Neiro Ethereum Price To Continue Surging
The Neiro Ethereum price has been in a tear since its launch, trading within a rising channel pattern, forming higher lows and higher highs.
NEIRO trades above the 50-day Simple Moving Average (SMA), which indicates some positive momentum.
Moreover, the Relative Strength Index (RSI) has corrected from the overbought zone at 70, dropping slightly above the midline level at 55, but seems to be soaring. This indicates that buyers are actively buying the asset.
Based on the price of Neiro Ethereum analysis on the 1-hour chart, the bulls aim to sustain the bullish stance above the rising channel, as they capitalize on the RSI to buy more. If the buying continues, NEIRO could soar above the channel, as the bulls target $0.30.
However, if the bears take control of the price at this level, NEIRO could plunge to the support zone around $0.1253, which now acts as a cushion against downward pressure.
Investors are rushing to buy Neiro Ethereum and they’re doing the same with the Olympic Games-themed meme token The Meme Games (MGMES), which has amassed over $318K in its presale.
According to Jacob Bury, a popular crypto analyst on YouTube, $MGMES has the potential to surge 10X after its launch.
The Meme Games ICO Raises Over $318K – Best Meme Coin To Buy Now?
The Meme Games is an innovative, gamified meme token project that brings popular crypto meme characters onto the world’s biggest athletics stage.
CRYPTO BREAKING NEWS
The Meme Games raises over $100K on opening day of presale. The Meme Games presale raises over $100K in its first 24 hours, capturing attention in the booming memecoin sector. #partnercontent check us out @ https://t.co/8dh137buUp pic.twitter.com/YwzyP2glE4— InnovatekMobile (@Neome_com) July 17, 2024
The project draws inspiration from the 2024 Paris Olympic Games, blending crypto meme coin enthusiasm with the spirit of athletic competition.
It packages five top meme coin projects in a novel purchase-and-play format that is both fun to play and profitable. Participants can choose between Dogecoin, Pepe, DogWifHat, Brett, and Turbo and watch them compete for gold medals.
Each token purchase lets buyers choose a meme athlete who might win a 25% bonus on the original token purchase.
Token holders can earn passively from the project’s staking mechanism by buying and staking $MGMES for a dizzying 697% annual return.
You can buy $MGMES tokens for $0.00915 each. But don’t wait too long to lock in the best deal because a price hike is coming in about 5 days.
To join the presale, buy $MGMES from the official website here using ETH, BNB, USDT, or a bank card.
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