Meme coin fever has taken the crypto market by storm in 2024, with $NEIRO emerging as one of the year’s most hotly contested coins.
But is $NEIRO a solid choice for long-term holding? And does it have the potential to surge and hit the $1 mark during this bull run?
In this article, deep-dive a Neiro market cap analysis to see how realistic a NEIRO price of $1 is and also uncover other alluring opportunities exploding in the crypto market.
Behind every successful coin is a compelling story, as evidenced by the original meme coin, DOGE.
Launched in 2014, DOGE was inspired by the popular Shiba Inu meme, which originated from Atsuko Sato’s affectionate blog posts about her dog Kabuso.
Sadly, Kabuso died on May 24th of this year, but that hasn’t stopped the meme coin community from backing the Dogecoin project and rival Shiba Inu, nor has it stopped the hunt for the successor – which rapidly emerged in the multi-coin breakout of $NEIRO in August.
Let’s imagine, for example, that it reaches a market cap equivalent to the third biggest meme coin in the industry, Pepecoin, which currently has a present value of $3,952,521,114. Some quick maths reveals that $3,952,521,114 / 420,690,000,000 =$0.009395. This represents around an 8.5X gain from current levels, but let’s go further and imagine what could happen in parabolic market conditions by using a generous $20Bn market cap (as hit by Dogecoin in 2021).$20,000,000,000 / 420,690,000,000 = $0.0475. its very topside, this suggests NEIRO could mount a near 25X return max from current levels—still a far cry from $1, but alluring nonetheless.