As Speculators Eye 500% Rewards Coin, Neiro Soars — Should I Make the Change Now?

Following a 50% gain in 24 hours yesterday, the meme currency Neiro ($NEIRO) is still soaring.

Among the top fifteen biggest by market cap, Ethereum's new Dogecoin rival saw the strongest performance of any meme currency in the last 24 hours.

for the beginning of the weekend, Neiro changed hands for $0.002357, having exploded 11.4% overnight and a mind-boggling 55.5% over the week.

Donald Trump's reelection as the 47th president of the United States is largely responsible for the worldwide price spike.

Despite his well-known skepticism of Bitcoin during his last administration, Trump took a pro-crypto position throughout this campaign.

Since then, the price of Bitcoin ($BTC) has risen three times, most recently reaching $76,872.61 yesterday.

The first coin is only 0.9% shy of hitting a new high watermark today at its present price of $76,146.50.

Should You Make the Move to NEIRO Based on the Current Price?

Airdropping 4% of the supply to Vitalik Buterin, founder of Ethereum, on August 4—a sum worth around $130,000 at the time—was the creators' publicity gimmick for the Neiro meme currency project.

Afterwards, Vitalik redeemed it in full.

Nevertheless, $NEIRO's value has skyrocketed ever then. This morning, it hit a new record high of $0.00246.

Broad support seems to have emerged around the psychologically significant $0.0020 mark, despite a 4.7% decline since then.

From late September until October 15, the token rose to an all-time high of $0.002259, after encountering strong resistance around $0.0013.

Traders may be selling off part of the token's value over the weekend, as its relative strength index (RSI) is 62 and dropping, indicating that it is now reasonably priced.

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