{"id":584812,"date":"2024-10-08T08:12:06","date_gmt":"2024-10-08T08:12:06","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=584812"},"modified":"2024-10-08T08:12:06","modified_gmt":"2024-10-08T08:12:06","slug":"first-neiro-on-ethereum-price-soars-18-as-pepe-unchained-rockets-past-18-million-in-presale","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/first-neiro-on-ethereum-price-soars-18-as-pepe-unchained-rockets-past-18-million-in-presale","title":{"rendered":"First Neiro On Ethereum Price Soars 18% As Pepe Unchained Rockets Past $18 Million In Presale"},"content":{"rendered":"

The First Neiro On Ethereum price <\/span>surged<\/span><\/a> over 18% in the last 24 hours to trade at $0.001722 as of 11:30 p.m. EST. <\/span><\/p>\n

Following the strong performance during the last trading session, the NEIRO price is now in the green by more than 47% on the weekly time frame.<\/span><\/p>\n

First Neiro On Ethereum Price Overcomes A Technical Obstacle<\/span><\/h2>\n

\"NEIRO<\/p>\n

4-hour chart for NEIRO\/USD (Source: <\/span>GeckoTerminal<\/span><\/a>)<\/span><\/p>\n

The <\/span>First Neiro On Ethereum<\/span><\/a> price was able to break above the resistance level at $0.001476 in the last 24 hours, and is now attempting to establish a position above this major mark. Should NEIRO close the next 2 4-hour candles above this point, the meme coin could have the foundation needed to possibly climb to as high as $0.002060 in the next 24 hours.<\/span><\/p>\n

However, the First Neiro On Ethereum price dipping below the recently-breached $0.001476 price point within the next 8 hours might prevent the bullish move from happening. Traders could end up panicking in this alternative scenario, which could lead to a wave of sell pressure. NEIRO might subsequently fall to $0.000830 in the short term.<\/span><\/p>\n

Buyers Still In Control Of The First Neiro On Ethereum Price<\/span><\/h2>\n

From a technical perspective, indicators on NEIRO’s 4-hour chart suggest the meme coin’s price will continue rising through the course of the next trading day. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are showing bullish signs.<\/span><\/p>\n

In the last couple of hours, the MACD line has risen away above the MACD Signal line. Traders generally see this as an indication that a crypto is in a positive trend and its bullish momentum is picking up steam.<\/span><\/p>\n

Complementing the MACD indicator is the RSI value in the mid 80s. Although high RSI readings are often seen as a sell signal, it is not unusual for the indicator’s values to remain high during periods when a crypto is pumping. The slight positive slope of the RSI also suggests that buyers show no signs of easing their pressure on NEIRO’s price just yet.<\/span><\/p>\n

As NEIRO tries to keep its bullish momentum alive, layer-2 competitor <\/span>Pepe Unchained (PEPU)<\/span><\/a> has blasted past a massive $18 million raised in its parabolic presale.<\/span><\/p>\n

Giving PEPE Its Biggest Upgrade To Date<\/span><\/h2>\n

The OG PEPE meme coin has climbed the crypto ranks to become one of the biggest meme coins by market cap. However, the lack of fundamental developments puts the token at risk of erasing all of its hard work and being replaced by a newer crypto.<\/span><\/p>\n

Pepe Unchained (PEPU) will prevent this from happening by giving PEPE its biggest upgrade yet. Through its native layer-2 chain, Pepe Unchained will free the popular frog-themed token from the congested Ethereum network. <\/span><\/p>\n

The project will also enhance the transactional experience for PEPE holders, who have had to put up with high fees and slow processing times due to the increasing number of tokens that are all fighting for Ethereum’s computational resources.<\/span><\/p>\n

By shifting PEPE off of Ethereum, Pepe Unchained will enable a 100-fold increase in the meme coin’s transaction speeds. What’s more, PEPE backers will be able to send and receive crypto at a fraction of the cost using PEPU.<\/span><\/p>\n

Once Pepe Unchained has made PEPE more scalable, the project plans on opening its blockchain up to the rest of the <\/span>meme coin<\/span><\/a> sector. This will essentially make Pepe Unchained’s layer-2 network a launchpad for the next generation of meme coins that will usher the lighthearted sector of the crypto market into a more scalable era.<\/span><\/p>\n

Popular YouTuber ClayBro told his 130k subscribers that PEPU ”could explode” after launch.<\/span><\/p>\n