First Neiro On Ethereum (NEIRO) has breached the multi-week descending trendline, resulting in a 50% rally on Monday.
The NEIRO price reached a new all-time high today, trading as high as $0.00158 with a market capitalization of $660 million. Meanwhile, its 24-hour volume has surged over 350% to $1 billion, with the majority coming from Binance.
The latest NEIRO price predictions see the meme coin soaring to anywhere between $750 million to $1 billion. However, there is growing speculation about whether it is the best meme coin to buy now, considering the plethora of options.
Whales are showing high conviction in large caps like Pepe, Popcat and Dogwifhat. Even low-cap projects like Moo Deng, Crypto All-Stars and Pepe Unchained are in high demand, owing to their high upside potential.
NEIRO Price Prediction - How High Can It Go?
After its unexpected Binance spot listing, the First Neiro On Ethereum price rallied by over 3500% in just over a week, skyrocketing from $15 million to a $535 million market cap.
Since then, it saw a consolidatory price action, creating a multi-week descending trendline.
NEIRO breached this trendline late on Sunday, resulting in an explosive 50% green candle.
Considering that its daily RSI (Relative Strength Index) remains at a relatively healthy 73.8, it is no surprise that prominent investors are betting on a bullish continuation.
For instance, the NEIRO price prediction from TraderSZ projects the meme coin to reach a $750 million market capitalization next, which would mean another 15% rally in the short term. He also expects First Neiro On Ethereum to join the billion-dollar club.
$Neiro @neiroethcto 750mil cap next pic.twitter.com/q91L8Y0xqo
— TraderSZ (@trader1sz) October 7, 2024
However, a breakdown below the monthly/quarterly opening price of $0.00118 could invalidate this bullish scenario.
Ultimately, a bullish continuation will depend on Bitcoin’s price action, especially with the upcoming release of the CPI report this week. A reclaim of the $65k price mark could send meme coins - including NEIRO - soaring.
However, a bad inflation print could see BTC retest the $60k support, potentially leading to short-term losses in the risk assets. Nevertheless, NEIRO remains an excellent buy for the long term, especially with Binance’s support behind it.
Is First Neiro On Ethereum The Best Meme Coin To Buy Now?
First Neiro On Ethereum is no longer a low-cap gem, now with a market capitalization of $650 million. Even with a rally to $1 billion, it would only mean 2x returns for new buyers.
Meanwhile, new coins like Moo Deng - with a valuation of just over $100 million - could offer much higher upside potential, simply because of their relatively smaller size.
Another low-cap meme coin Pepe Unchained (PEPU) is in high demand and is nearing the $18 million mark in its presale, thanks to strong whale interest in the project.
Unlike NEIRO and MOODENG, PEPU comes with in-demand utilities, potentially resulting in better long-term viability. It will be at the core of the Pepe Unchained Layer-2 ecosystem, designed for meme coin trading.
Pepe Unchained L2 Sneak Peek!What we're building is not just a new chain, but an entire ecosystem.🐸Pepe Unchained L2🐸Block Explorer🐸DEX🐸Bridge🐸Advanced Analytics🐸Builder GrantsPepe Unchained is coming. And it's going to shake up the crypto space. pic.twitter.com/ZVnvgO6MGF
— Pepe Unchained (@pepe_unchained) September 26, 2024
This would mean extremely low trading costs and instant transactions for PEPU holders, block explorer for transparency, custom DEX for seamless swaps and developer grants for new projects.
Additionally, PEPU holders are also earning passive income at an APY of over 110%, thanks to its native staking protocol.
Unsurprisingly, even some of the conservative price projections from prominent investors have Pepe Unchained potentially showing 10x growth after its launch.
Similarly, Crypto All-Stars (STARS) is creating quite a buzz with its multi-token staking model, MemeVault.
MemeVault will accept 11 meme coins - including Dogecoin, Shiba Inu and Pepe - in the beginning, and offer stakers attractive passive income in return. Unsurprisingly, it is attracting considerable attention from holders of the aforementioned top meme coins.
Investors staking STARS will receive thrice the rewards. In fact, they can benefit from the secondary staking model which is already live in the presale and is currently offering an APY of over 700%.
The STARS presale has already raised $2 million. Owing to its low-cap nature, some investors are aiming for 100x returns with the meme coin.
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