Neiro has surged ahead of other meme coins today, as investors begin speculating on newer tokens.
Neiro (NEIRO) – a competitor to Dogecoin
The new #Dogecoin challenger on the Ethereum platform, Neiro (#NEIRO), rose by 14.8% over 24 hours during a #mememcoin rally, which brought a 2.6% increase to the $49.3 billion sector. At its current price of $0.001011, Neiro is 5.7% lower than last week, but 24.8% higher than two weeks ago. Original investors have seen a phenomenal 1,299% return over the past thirty days.
With a market cap of $412.5 million, Neiro is the only meme coin among the top fourteen to post double-digit growth overnight. For comparison, Dogecoin only gained 4.2% and is trading at $0.1074, while Shiba Inu ($SHIB) saw a 9.3% increase.
Neiro’s rapid rise and technical analysis
Neiro’s developers aim for $NEIRO to reach a billion-dollar valuation. In a marketing move, on August 3, they donated 4% of the supply, worth approximately $130,000 at the time, to Vitalik Buterin, the creator of Ethereum. While Vitalik may not be a fan of HODL, the wider community seems to believe in the coin's potential. Neiro reached its all-time high of $0.001327 on September 24 but is now 24% lower.
Neiro encountered resistance at $0.0013 in late December, and the price subsequently dropped to $0.00086 at the beginning of October, indicating that support may be forming around $0.0009. Its Relative Strength Index (RSI) is at 65 and heading towards overbought territory at 70, suggesting that the token’s price may be somewhat inflated, and the overnight rally might lose steam.
From Neiro to a new kind of meme coin: Flockerz
Neiro may challenge the established Doge-meme coins, but unlike most of its billion-dollar-cap peers, it lacks utility. However, new projects like Flockerz (#Flock ) bring surprising earning potential to the meme coin concept. Flockerz offers its holders a voice through a decentralized autonomous organization (DAO) called Flocktopia, where they can propose and vote on decisions. Flockerz also rewards its holders for participating in the community and staking, potentially creating a more loyal community than other meme coins.
Flockerz has big ambitions, and its voting mechanism will be launched after its exchange listing. This project is about to take off – get ready!
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