NEIRO, currently circulating market cap is around 750 million. Friends, continue to leave messages of concern.
Let’s start with the conclusion: The trend, operation, and the point of listing on #Binance for NEIRO are quite similar to #ordi. DYOR.
Before listing on #Binance on September 16, it oscillated around a market cap of 15 million USD for a month, then welcomed an increase, which has now reached over 40 times. No significant sharp decline has been observed. Importantly, this increase of over 40 times did not happen in a few days, but rather through oscillation over a month. There was also a washout phase for a month before the surge.
From the on-chain chip distribution, it seems that Binance is clearly facilitating the market, and the chips are relatively dispersed. Additionally, the average daily trading volume on Binance is around 200 million, ranking among the top few except for mainstream coins like #btc and #eth. The trend looks very similar to #ORDI’s K-line, especially before NEIRO and ORDI listed on Binance, both experienced a long period of oscillation and washout, with dispersed chips. Everyone has seen the trend and market cap peak of #ordi after listing on Binance.
Now some friends might ask, is the current price of 0.00178 a good entry point, with expectations for future prices? Uh... There are a few points to note:
In the larger context, any increase requires #BTC to go crazy, with FOMO in the main upward wave, and the market needs hot money to expect such a rise. The previous craziness of #ORDI after listing on Binance was backed by #BTC breaking through 27,000. So if Q4 of this year looks promising, then #NEIRO has a chance, but there are also risks.
The risk is that since the surge on September 16, #NEIRO has not undergone a good washout. From the trading volume perspective, it seems that market makers are supporting the price, or there is consensus among large holders, but this is still a risk, because if it gets stuck, it could be for a long time. So if you want to buy, try to choose a lower price point. What is a low price point, and how to capture it?
From last night to today, #BTC dropped from 69,000 to 66,600, and altcoins all look at Bitcoin’s face; #NEIRO also dropped around 10%. Therefore, if Q4 for #BTC looks promising and there is a breakthrough trend, then if #BTC drops before that, you could seize the low price of #NEIRO to buy and try to control the entry cost.
Having discussed the background and risks, what about opportunities? I previously mentioned that the trend is very similar to ORDI. The peak market cap of ORDI is 2 billion USD, mainly in the range of 1.6 to 2 billion. Therefore, for the future rise of #NEIRO, one should have a psychological preparation for the estimated market cap, with expectations but not overly so. Generally speaking, for meme tokens listed on Binance, there is liquidity support.
Moreover, since #NEIRO is on the ETH chain, I hope that in the upcoming #BTC market, #ETH can break through the historical high of 4,800 USD, and at the very least, break through the March high of 4,100. Then, meme tokens on the chain are still promising. Don’t forget, the reason #PEPE could reach nearly 7 billion USD in market cap in May was also due to the anticipation of ETH’s ETF approval stimulating emotions. So let’s hope that both #BTC and #ETH perform well.
）#SCR现货交易对将上市币安 #APE暴涨 #YGG、ADA、ENA解锁 #币安累计交易量突破100万亿美元 #美国大选前行情观察
