The price of Neiro (NEIRO), the first coin on Ethereum, a recently launched Shiba Inu-themed meme coin, has seen a notable rise in its market price. This upward trend indicates a positive outlook, which is further confirmed by NEIRO’s position above key support levels. The significant increase in its value can largely be attributed to its swift inclusion on several major cryptocurrency exchanges.
Why did the NEIRO price surge?
NEIRO is the latest meme coin on Ethereum and has attracted great attention from the market after its listing on the Binance platform. On September 16, 2024, NEIRO debuted on Binance's spot and futures markets. The listing triggered an unprecedented 800% price surge within 24 hours. In the past week, discussions around NEIRO have caused its value to rise by more than 1,200%.
To further boost NEIRO’s popularity, KuCoin began trading it under the ticker NEIROCTO on September 17, with the trading pair being NEIROCTO/USDT due to name conflicts. The exchange has enabled NEIRO deposits on the ETH-ERC20 network and plans to allow withdrawals from September 18.
In addition, Bybit has adopted NEIRO to facilitate deposits and withdrawals on the Ethereum network. While Bybit’s launch increased the token’s credibility and exposure, it also resulted in significant price volatility, including a sharp (albeit short-lived) increase in its value.
The back-to-back listings boosted NEIRO’s market presence and triggered a wave of volatility due to increased investor interest and speculative trading.
Binance Adds NEIRO Price and More for Lending
Binance recently expanded its Flexible Rate and VIP Loan services. New additions include Baby DogeCoin (1MBABYDOGE), First Neiro (NEIRO) on Ethereum, Polygon (POL), and Turbo (TURBO). For the latest rates and a full list of eligible assets and collateral, customers should check the Loan Data and VIP Loan sections.
Neiro, the first on Ethereum, has seen a significant spike in value over the past day. The price spike is in line with surges in other cryptocurrency markets, reflecting a bullish trend.
The price of Bitcoin is currently hovering above $60,000, and other altcoins are also surging as the Federal Reserve meeting is held. As of the reporting table, the price of NEIRO is $0.0008016, with a single-day increase of up to 107.77%. The trading volume of NEIRO has increased by 81%, and the trading volume of NEIRO has reached $771.86 million in the past 24 hours.
How high can the NEIRO price go?
Technical indicators for NEIRO’s price on cryptocurrency exchange MEXC show a clear uptick in market activity. The relative strength index (RSI) hit a high of 91 as prices surged, which generally indicates an overbought market.
NEIRO Price Chart | Source: TradingView
NEIRO price is experiencing a strong bullish move and is expected to rise further. Currently, the price is testing the critical resistance level of $0.0009. A breakout of this resistance level could take its value to $0.001. If this momentum is maintained, we might see the price of NEIRO close to $0.0002 by the end of this month.
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