The market is in a slump at the moment, with Bitcoin down to $56,670.12, an over 5% drop over the week. Meme coins have suffered more than most sectors, with top performers like DOGE, SHIB, FLOKI, and PEPE all falling.

However, there’s one token that continues to make returns despite the market: Neiro Ethereum (NEIRO). The recently launched token’s price has surged in the last 24 hours despite other tokens struggling.

Meanwhile, another new token called Crypto All-Stars is also showing positive momentum, having passed the $1m mark in its ongoing presale.

Dipping Apetites For Risk Push The Market Downward

Today, Bitcoin is down 3.22%, a significant drop continuing from the start of the crash on the 3rd of December. It began with the S&P index, which is heavily correlated with crypto falling 1.8%. Bitcoin immediately recoiled at this, falling 1.59%, resulting in a total slump of over $3,000 per BTC to date. 

This is caused in part due to more long traders liquidating their positions. With the stock market down, investors have less free capital to put in crypto. Without a federal rate cut, the market is likely to keep correcting downwards.

However, some experts are quite optimistic about the market’s future, Elja, a crypto analyst and influencer with over 600,000 followers on X (Twitter) expects this to be the token’s last dip.

One final dip before reversal 👀$BTC #Bitcoin pic.twitter.com/sMOmxuWuC3

— Elja (@Eljaboom) September 6, 2024

This coincides with funding rates for most top tokens still being positive, showing traders are paying to keep their positions. 

The market being in such an unpredictable period isn’t good for top-performing meme coins. With faith in utility-focused cryptos falling, people have less funds to invest in fun projects. 

However, strong new meme coins are raking in returns. This is because it’s one of the few places investors can make high returns in current market conditions. One such example is one of the biggest meme coin launches this year- Neiro Ethereum.

Neiro Defies The Odds with Massive 90% Rally

Neiro Ethereum is up to $0.148, growing over 90% in the last 24 hours. The hype train doesn’t seem to have died down either, with daily trading volume up over 50% to $90,490,800.

The market downturn did hit NEIRO for a little while, putting it in the red for 3 days. However, the token showed resilience, bouncing back 169% over the last week. This totals up to a gain of almost 10x since its CoinMarketCap listing on the 1st of August.

While skeptics thought NEIRO’s growth would plateau, that seems more and more unlikely. Binance just announced it would be listing NEIRO on its platform. With Binance being the biggest crypto exchange out there, this will almost certainly bring fresh eyes to NEIRO.

WTF $NEIRO BINANCE LISTINGHOLY FUCKKKKKKKKKKKKKKKKKKKSEND IT TO 1B IN A DAY@binance pic.twitter.com/cju5wUb5Ne

— MoneyLord (@moneyl0rd) September 6, 2024

Neiro also has a rapidly-growing community on its side, with over 21,000 followers on X (Twitter). The token was also recently listed on OKX perpetuals, which is one of the exchanges with the strongest meme coin markets. These rapid listings as well as a growing community presence hint towards NEIRO being able to reach new heights.

So $NEIRO has more volume than PEPE WIF DOGE POPCAT today and its only 60M market cap?Find a timeless narrative, ape and work for your bags thats the crypto culture, not rotating to something new every 8 hours.Bullish ETH? Buy NeiroBullish PEPE? Buy NeiroBullish Memes?… https://t.co/kJv0qturSe

— CryptoJamie (@cryptojamie7) September 6, 2024

The token recently made headlines with its volume exceeding the likes of PEPE, POPCAT, WIF, and even DOGE. This points toward the token having a lot more staying power than skeptics initially expected.

However, NEIRO isn’t the only new meme coin showing promise, as a recent ICO has already reached $1 million in funding in just a couple of weeks since launching.

Crypto All-Stars ICO Hits New Milestone Despite Bearish Conditions

Crypto All-Stars (STARS) is an innovative new project focused on introducing a cooperative element to meme coin staking. Its utility lies in the MemeVault – a multi-token staking vault where people can stake all of the top meme coins under one platform.

The STARS token will be issued to stakers as a reward, however, stakers that already hold STARS will generate higher returns than others. This introduces a positive feedback loop for people to stake not only STARS but other meme coins as well.

STARS has received a lot of attention, with top names in the space covering the token extensively. Cryptonews recently put out a video praising the token’s fundamentals, and its’ massive staking rewards. Currently, the project offers a 1436% APY, letting investors 14x their token holdings over a year.

Crypto All Stars is REALLY looking good now! $900k Raised!

So far, the project has collected almost $1 million within a couple of weeks, with a current price of $0.0014248 per token. However, the presale follows a dynamic pricing model, raising the token price when enough time passes or funding goals are met.

Seeing the push in demand, the developers allocated 10% of the total supply to liquidity, minimizing the risk of a rug pull. On top of this, the token has passed two security audits by Coinsult and SolidProof.

Visit Crypto All-Stars Presale