$NEIRO đȘ What is a fiduciary currency? The word fiduciary comes from the Latin Fiduciairus and means "That depends on the credit and trust it deserves." The Dollar is a fiduciary currency, it has no intrinsic purpose in itself. Everyone talks about bitcoin and currencies that have "some value." The value of $NEIRO is based on the trust that the community has in it. Nothing prevents it from reaching an increase of 1300% or more today, today or tomorrow. While the dollar continues to be printed, the amount of circulating neiro coins is already distributed in the community. It only depends on the trust that the crypto world has in it. đđđđđȘđȘđȘđđ°đ°đȘ
Neiro Meme Coin Is Firing on All Cylinders; Nears $1b Market Cap
Neiro, a viral meme coin, rallied for the third consecutive day, reaching a record high of $0.001875.
Neiro (NEIRO) has soared by over 7,000% from its lowest level in September.
This surge occurred in a high-volume environment, with 24-hour trading volume rising to over $1.13 billion. Most of this volume was concentrated on Binance, followed by Gate.io and Bitget.
The rally also coincided with a jump in futures open interest. According to CoinGlass, open interest in the futures market hit a record high of $175 million, up from this weekâs low of $50 million.
Neiroâs market cap has surged to over $742 million, meaning it needs to rise by about 38% from its current level to reach $1 billion. If this happens, it will join Popcat (POPCAT), a Solana (SOL) meme coin whose valuation crossed the $1 billion mark this week.
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Neiroâs valuation makes it larger than other well-known companies like Groupon, Nikola, and Sleep Number. It has also surpassed other popular meme coins such as Baby Doge Coin and Book of Meme.
Neiroâs rally happened in a day when Bitcoin and most altcoins were in the red. Bitcoin (BTC) dropped to $62,500 while most coins like Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE) retreated by over 2%.Â
Meme coins have been some of the best-performing cryptocurrencies this year. All meme tokens tracked by CoinGecko now have a combined market cap of over $53 billion. While Dogecoin and Shiba Inu remain the biggest, newer tokens have climbed the ranks in recent months.
Popcat, launched in December, has grown into a $1 billion token, and Brett, a meme coin on Base Blockchain, has reached a valuation of $884 million.
Neiro could retest $0.00137
NEIRO chart by TradingView
On the daily chart, Neiro rose and broke through the important resistance point at $0.001375, its highest swing on September 25. By surpassing that level, the token invalidated the double-top chart pattern that was forming.
The Relative Strength Index and the Stochastic Oscillator have moved to overbought levels. Therefore, the most likely scenario is that it retreats to retest the support at $0.001375 before resuming its bullish trend.
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Neiro meme coin is firing on all cylinders; nears $1b market cap
Neiro meme coin is firing on all cylinders; nears $1b market cap neiro-meme-coin-is-firing-on-all-cylinders-nears-1b-market-cap By Crispus Nyaga October 8, 2024 at 3:01 pm neiro-meme-coin-is-firing-on-all-cylinders-nears-1b-market-cap Edited by Jayson Derrick Markets Neiro meme coin is firing on all cylinders; nears $1b market cap Share Neiro, a viral meme coin, rallied for the third consecutive day, reaching a record high of $0.001875.
Neiro Neiro neiro 11.79% Neiro has soared by over 7,000% from its lowest level in September.
This surge occurred in a high-volume environment, with 24-hour trading volume rising to over $1.13 billion. Most of this volume was concentrated on Binance, followed by Gate.io and Bitget.
The rally also coincided with a jump in futures open interest. According to CoinGlass, open interest in the futures market hit a record high of $175 million, up from this weekâs low of $50 million.
Neiroâs market cap has surged to over $742 million, meaning it needs to rise by about 38% from its current level to reach $1 billion. If this happens, it will join Popcat (POPCAT), a Solana (SOL) meme coin whose valuation crossed the $1 billion mark this week.
You might also like: Popcat price prediction: Popcat pumps another 10%, eyes $3 Neiroâs valuation makes it larger than other well-known companies like Groupon, Nikola, and Sleep Number. It has also surpassed other popular meme coins such as Baby Doge Coin and Book of Meme.
Neiroâs rally happened in a day when Bitcoin and most altcoins were in the red. Bitcoin Bitcoin btc -2.81% Bitcoin dropped to $62,500 while most coins like Ethereum Ethereum eth -3.57% Ethereum, Solana (SOL), and Dogecoin (DOGE) retreated by over 2%.
Meme coins have been some of the best-performing cryptocurrencies this year. All meme tokens tracked by CoinGecko now have a combined market cap of over $53 billion. While Dogecoin and Shiba Inu remain the biggest, newer tokens have climbed the ranks in recent months.
Popcat, launched in December, has grown into a $1 billion token, and Brett, a meme coin on Base Blockchain, has reached a valuation of $884 million.
Neiro could retest $0.00137 NEIRO price NEIRO chart by TradingView On the daily chart, Neiro rose and broke through the important resistance point at $0.001375, its highest swing on September 25. By surpassing that level, the token invalidated the double-top chart pattern that was forming.
The Relative Strength Index and the Stochastic Oscillator have moved to overbought levels. Therefore, the most likely scenario is that it retreats to retest the support at $0.001375 before resuming its bullish trend.
once again $NEIRO start Upward trend and soon it will break all time high value record and will Touch 0.0019 and Even will hit 0.002..
$NEIRO /USDT is currently trading at 0.00179280, showing an impressive surge of +20.87% within the last 24 hours. The price spiked from a low of 0.00148120, reaching a high of 0.00180860, signaling strong bullish momentum. Traders should watch for a continuation above the 0.00180860 resistance to capitalize on further upside potential.
However, a pullback below 0.00175229 may offer short opportunities for cautious traders. With volumes surging, NEIRO is currently one of the hottest coins to watch for profitable moves in either direction. #BTCReboundsAfterFOMC #NeiroOnBin #BNBChainMemecoins #U.S.UnemploymentNewLow #WeAreAllSatoshi
Whale Swaps Billions of PEPE for NEIRO, Whatâs Next?
The post Whale Swaps Billions of PEPE for NEIRO, Whatâs Next? appeared first on Coinpedia Fintech News
Amid the ongoing price reversal across the cryptocurrency market, whales shifted their focus to the First Neiro On Ethereum (NEIRO). On October 7, 2024, blockchain transactions tracker Spotonchain made a post on X (previously Twitter) highlighting that NEIROâs largest holder made a big move as he purchased over 1.466 billion of NEIRO tokens worth $1.8 million.
NEIRO Whale Recent Activity
To accumulate this significant NEIRO, the whale has swapped over 190 billion of PEPE along with six Ethereum (ETH). It appears that the whale has made a notable profit by trading this newly listed meme token.
Source: X (Previously Twitter)
According to the data, between August 15, and September 26, 2024, this whale has traded NEIRO token three times and made a profit of over $825,000 with a win rate of 66.7%. However, with the recent purchase, the whale is currently making over $334,000, as NEIRO has soared significantly.Â
Current Price MomentumÂ
At press time, NEIRO is trading near $0.001516 and has experienced a notable price surge of over 50% in the past 24 hours. During the same period, trader and investor participation has been steadily increasing with trading volume jumping by 405%, indicating positive sentiment among crypto enthusiasts.Â
NEIRO Technical Analysis and Upcoming Level
According to expert technical analysis, NEIRO appears super bullish and is poised for another major rally in the coming days. It recently broke out of a bullish flag and pole price action pattern and soared more than 65% in the past two days.
Source: Trading View
Based on data and historical price momentum, there is a strong possibility that NEIRO could jump another 50% to reach the $0.00233 level in the coming days.
Bullish On-Chain MetricsÂ
This bullish outlook is further supported by on-chain metrics. According to the on-chain analytics firm Coinglass, NEIROâs long/short ratio currently stands at 1.11, indicating a bullish market sentiment among traders.
Source: Coinglass
Additionally, NEIROâs future open interest has skyrocketed by 135% in the past 24 hours, signaling growing interest from traders and hinting at the formation of notable long positions during this period. Currently, 52.62% of top traders hold long positions, while 47.38% hold short positions.
Combining all these technical analyses and positive on-chain metrics, it appears that bulls are currently dominating the asset, which could lead to a further price surge in the coming days.
$NEIRO đȘđđđ„đȘđȘđȘđȘđȘđȘđȘđȘ I repeat my advice: Buy in cash, in Spot and hold. Don't let anyone manage your money for you. Trading in cash, I only made profits. There will surely be a fall, but $NEIRO will go up again, as it has been doing for less than a month. Let's not forget that it has been trading for less than a month on binance. đȘ
đ Meme coin mania is alive and well! Neiro ($NEIRO) just surged over 50% in the last 24 hours, hitting a new all-time high of $0.00149 before stabilizing at $0.001439. With a market cap now at $600M, Neiro is riding the meme coin wave to prominence. đ
Launched on July 28, 2024, Neiro has skyrocketed by 1700% in just a month and eliminated four zeros from its all-time low. The meme coin market cap exceeds $54B, showing a 7% increase recently. Neiroâs community-driven approach and charitable focus, along with a fun backstory involving Vitalik Buterin, make it a standout in the crypto space. đ #Crypto #Blockchain #Web3
NEIRO Price Explodes with $147 Million in Open Interest â Donât Miss This Opportunity!
Oct 7, 2024
6thTrade
Momentum Shift and Market Opportunities for NEIRO The recent performance of NEIRO has shown intriguing shifts, with the price and sentiment dynamics hinting at a potentially lucrative phase in its market behavior. A combination of robust price action, increased open interest, and dramatic changes in long/short ratios presents a compelling scenario for anyone observing these trends. Chart Analysis: Stepping Out of Consolidation The four-hour chart shows a significant breakout from a previous consolidation range. For several days, NEIRO traded tightly within a defined zone, exhibiting almost predictable back-and-forth movement. However, the recent price surge beyond the upper resistance boundary signals something different brewing.
The rapid increase from $0.0010 to $0.0015 represents a powerful upwards momentum, marking a departure from the prolonged sideways trading seen over the past weeks. Typically, such breakouts from accumulation phases are indicative of renewed buying interest and shifting dynamics, suggesting that the market may now be more inclined towards a bullish narrative. $NEIRO
Long vs Short Sentiment Analysis: The Push and Pull Further insights are gleaned from analyzing the long and short positions over recent weeks. The visual representation of long/short activity clearly shows a notable change in sentiment. In mid-September, shorts dominated the market, weighing heavily against the price. However, as time moved into late September and early October, a significant increase in long positions gradually overtook the shorts.
The shift from negative to positive net long positions is a telling indicator that a potential trend reversal is in progress. This dynamic is accompanied by growing buying pressure, which, as evidenced by the sudden spike, reflects underlying confidence from market participants, possibly suggesting anticipated upside potential. Open Interest Explosion: A Sign of Activity Surge A highlight is the impressive surge in open interest, which saw a +178.73% rise, amounting to $147.44 million. Open interest, which measures the total number of outstanding contracts, has more than doubled recently, indicating heightened engagement in NEIROâs market.
This growth in open interest generally hints at increased conviction among participants regarding future price direction. Whether itâs optimism for a continued rally or positioning for an expected move, such a considerable increase suggests that the market is far from stagnant. Volume Growth: A Testament to Renewed Interest Accompanying the rise in open interest, NEIROâs trading volume has also expanded dramatically, showing a +432.85% increase, culminating in a total volume of $2.38 billion. This considerable growth in volume aligns with the breakout from the prior range, signaling that this price movement is backed by genuine liquidity and interest rather than a mere speculative uptick. Such volume spikes often confirm the legitimacy of breakouts and trend changes, implying that the current movement has strong backing. This reinforces the narrative of a market thatâs attracting renewed interest and action. Liquidations & Risk Sentiment: Short Squeeze Signals? An examination of the liquidation data reveals that over $1 million in short positions were liquidated over the past 4 hours, contrasting with only $333,490 worth of longs. This discrepancy further hints at what could be termed a "short squeeze" â when bearish participants are forced to exit due to rising prices. Short squeezes can generate rapid, powerful price movements, often creating unexpected rallies that capture significant market attention.
In addition, the overall ratio of positions (1.3287 for long versus 0.5295 for short) for the top traders on Binance also points towards bullish optimism, suggesting more prominent players have made a decisive choice toward accumulating. Conclusion: A Compelling Picture of Opportunity The constellation of factors, from significant open interest and volume growth to notable changes in long/short ratios and liquidation imbalances, paints a vivid picture of a market that is waking up from its slumber. The recent breakout, coupled with these quantitative signals, offers an exciting indication that NEIRO is entering a new phase of market activity. Price behavior and increasing volume hint at something beyond the ordinary, a period where active observers might uncover the kind of opportunities that accompany substantial momentum shifts in the market. The data alludes to a time where engaging with the unfolding market dynamics could yield significant outcomes, particularly as sentiment swings and renewed activity drive NEIRO into potentially higher levels.
Disclaimer: The content of this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and may lead to substantial financial loss. Always perform your own research and consult a qualified financial advisor before making any investment decisions. The opinions expressed are solely those of the author and do not represent the views of the publisher or its affiliates. Investing in cryptocurrencies involves inherent risks, and past performance is not a reliable indicator of future results. Please exercise caution.
Quick Tips: $NEIRO is Booming! Neiro broke through the $0.00138 resistance level today and is now trading at $0.00146.
Trading volume is huge, reaching $2.25 billion, second only to ETH and BTC. This indicates strong bullish momentum.
If you decide to chase the high, it's advisable to use lower leverage. Prices may retrace slightly after breaking through a strong resistance level. Lower leverage will help prevent stop loss or liquidation during a minor retracement.
For those who already hold NEIRO, continue holding. The price has shown strong bullish signs, including a green bullish candle and high volume. There is still significant room for growth.
That's it for today's Quick Tips. Let me know which coin you would like me to analyze in the comments below.
P.S. LIKE & FOLLOW me now for more Tips. Your Wallet will Thanks you later đđ°đ
Note: I am still considering whether to start my Copy Trading Portfolio or not. If you have any suggestion on this, let me know.
$NEIRO Analysis đ NEIRO/USDT is Skyrocketing: Is it Time to Jump In? đ
NEIRO is currently on fire, up 49.46% in just 24 hours, now trading at $0.00145122, and showing no signs of cooling off! The price is hovering near its 24h high of $0.00148162, with massive volume backing this surge, signaling strong bullish momentum.
The next key support level sits at $0.00138, which is crucial for maintaining the upward momentum. If the price holds here, expect a potential breakout to new highs. Meanwhile, the resistance at $0.00148 could be your signal to watch â breaking above this level might open the doors to further gains.
The MACD shows a bullish crossover, and increasing green histogram bars confirm buyers are firmly in control. For traders looking to capitalize, consider entering on dips around the support zone for a higher-risk reward. Stay sharp â with this kind of volume and momentum, NEIRO could be poised for even bigger moves! đ
$NEIRO It is best to buy in cash, in Spot and hold. $NEIRO has its own community and will continue to grow and multiply in $ and people
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NEIRO vs. Future Traders: What Mistakes Were Made? â Recently, NEIRO has been on a powerful upward trend, leaving many traders in tough positions. đ NEIRO saw an incredible pump, reaching up to 45% gains, while many traders were caught off guard, leading to significant losses.
Many traders tried to short NEIRO, expecting it to drop in value. However, the opposite happened. NEIRO surged, causing massive liquidations for those betting against it. These traders not only lost their positions but also saw their accounts heavily drained.
What Went Wrong?
1. Underestimating the Pump
Many traders expected a price correction and opened short positions, believing the surge wouldnât last. NEIRO's steady rise, however, continued to break resistance levels, crushing these positions.
2. High Leverage
Some traders used high leverage to increase their profit potential. But in volatile situations like this, high leverage becomes extremely risky. The slightest price movement in the opposite direction can lead to liquidation, and thatâs exactly what happened.
3. Poor Risk Management
A lack of proper stop losses meant that traders couldnât control their losses when NEIRO started to pump. Risk management is crucial in futures trading, and those who ignored this lesson paid a heavy price.
Key Lessons
Donât fight the trend
Trading against a strong trend can be risky. NEIRO's pump shows that trying to short a rising asset, especially without proper strategy, can lead to severe losses.
Use stop losses
Set your risk limits before entering any trade. A stop loss can help protect your capital when things go south.
Be cautious with leverage
High leverage can amplify gains, but it also increases risk. Be careful when using it, especially in volatile markets like NEIRO.In summary, NEIROâs pump has been a tough lesson for many futures traders.
Always stay aware of the market's momentum, use proper risk management, and be cautious with leverage to avoid being liquidated.