$NEIRO
$NEIRO launch caused chaos, community controversy!
Get rich overnight or get cut in half?
The currency circle is in turmoil again!
All the answers are revealed in this article!
Among the three new projects launched on the BN platform yesterday, TURBO and 1MBABYDOGE performed steadily, but NEIRO caused a storm.
The reason is that there are two NEIROs on Ethereum - Neiro and NEIROETH. Although the launch announcement clearly provides smart contracts and official websites for inquiry, many investors still mistakenly regard the newly launched Neiro as NEIROETH that was already in the market without careful confirmation.
This confusion caused many investors to buy the wrong currency at the bottom, and the price of NEIROETH plummeted from a high of 0.15 to 0.07, causing heavy losses.
What's more interesting is that a Twitter celebrity with more than 40,000 followers strongly recommended buying NEIROETH at the bottom in the paid group. As a result, he not only lost hundreds of thousands of dollars himself, but also dragged down many fans.
At the same time, after BN announced the launch of spot trading, the market value of the real Neiro soared from 20 million to 160 million US dollars, an increase of 8 times, which shows the listing effect of Binance.
Although this project has not received much attention and there are only more than 10,000 addresses holding coins, it has created a considerable wealth effect in the niche market of the currency circle.
However, this storm has also triggered strong doubts from the community about BN's listing strategy. Retail investors have complained that these newly launched currencies have not brought them the expected returns.
In the current sluggish market, projects worth hundreds of millions of dollars have been launched, but the funds do not seem to have flowed into the pockets of retail investors, which is really annoying.
The market may continue to be sluggish for a while, perhaps for a few weeks or even 2-3 months. But after the interest rate cut, the market is expected to gradually become clear. At present, the market has shown a relatively strong bottom signal. The key is whether there will be a final drop and how long the bottom fluctuation will last.
These questions will get clearer answers in the short term after the interest rate cut. Let us wait and see.
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