NEIRO Price Analysis: Whale Buys $1.53M as NEIRO Jumps 215% – What’s Next?
The NEIRO price has recently experienced a 14% drop over the past 24 hours, reaching $0.001038 while the broader cryptocurrency market remains stable.
Despite this correction, NEIRO has still seen an impressive 21% increase over the past week and a staggering 3,000% surge in the last month. This surge in value has primarily been fueled by the recent listing of NEIRO on binance on September 15.
Even with the recent dip, NEIRO continues to attract significant interest, with a whale investing $1.53 million in the coin this week. This substantial investment suggests that further rallies may be on the horizon, especially with the potential for more exchanges to list NEIRO.
Technical Analysis and Market Trends
After the recent dip, indications point towards a potential rebound in the NEIRO price in the near future. The current price has fallen below its 30-period moving average and is showing signs of bouncing off its support level, which has notably increased this week.
It is noteworthy that NEIRO's 30-period average has been below the 200-period average for a couple of weeks, suggesting that the token may have been undervalued for an extended period.
However, the timing of the rebound remains uncertain as NEIRO's relative strength index is struggling to surpass the 50 mark, which is considered a level for gaining significant momentum.
Despite these uncertainties, recent whale activity in NEIRO has been promising, with one trader accumulating 17.71 million NEIRO and another amassing $2.96 million worth of NEIRO. These large investments indicate growing confidence in NEIRO's potential for a strong rally in the near future.
Future Outlook and Potential Growth
NEIRO holds promising prospects for further substantial rallies in the future, especially as it has yet to be listed on major exchanges such as Coinbase, Kraken, Bitstamp, and OKX. Increased exposure from major listings, like the one on binance, is likely to drive the price of NEIRO higher.
Furthermore, the resurgence of the wider cryptocurrency market, catalyzed by the Federal Reserve's recent rate cut and expectations of further cuts, is creating a favorable environment for NEIRO to thrive. With the current momentum, NEIRO could potentially surpass its all-time high of $0.001327 by mid-October and achieve a year-end price of $0.0025.
New High-Potential Altcoins for Quicker Gains
NEIRO is not the only cryptocurrency showing promising growth this fall. Several newer coins, including presale tokens like Memebet token (MEMEBET), are also emerging as high-potential assets in the market.
Memebet token has garnered substantial attention, raising over $290,000 in its ongoing presale. The token is set to fuel an online crypto-friendly casino, offering a wide array of crypto-native games and betting options.
Users of the casino will have the opportunity to wager using popular meme tokens like pepe, Dogecoin, Bonk, and shiba Inu, with additional rewards and bonuses available if they utilize MEMEBET. This incentive structure is expected to drive demand for MEMEBET and contribute to its price appreciation over time.
With a limited maximum supply of 2 billion tokens, allocated mainly to the presale (70%), casino rewards (20%), and liquidity (10%), MEMEBET presents an attractive investment opportunity.
Investors can participate in the MEMEBET presale by visiting the official website and acquiring tokens at $0.0254 each. The token price is subject to increase during the presale period, underscoring the importance of acting promptly to secure tokens at the lowest possible price.
As the cryptocurrency market continues to evolve, emerging altcoins like NEIRO and MEMEBET are showcasing significant growth potential, making them attractive investment opportunities for traders and enthusiasts alike.
