The NEIRO price has experienced a 14% drop in the past 24 hours, falling to $0.001038, although it remains up by 21% in a week and an astonishing 3,000% in a month. The Ethereum-based meme coin has surged since its listing on Binance on September 15, with a whale recently purchasing $1.53 million worth of the coin, indicating strong demand. Despite the recent correction, NEIRO is expected to bounce back soon, as its price has fallen below its 30-period moving average but is set to bounce off its support level. Whales have been accumulating significant amounts of NEIRO, suggesting that further rallies are likely, especially if more exchanges list the altcoin.
New high-potential altcoins are also gaining attention in the market, including Memebet Token (MEMEBET), an ERC-20 coin that has raised over $290,000 in its presale. Memebet Token is planning to launch a crypto-friendly online casino that will offer over 1,000 crypto-native games, with MEMEBET serving as the utility coin. Users will be incentivized to use MEMEBET for betting to receive larger rewards and bonuses compared to using other meme tokens. With a low max supply of 2 billion tokens and a distribution of 70% to the presale, 20% to casino rewards, and 10% to liquidity, the demand for MEMEBET is expected to drive its price growth over time.
The potential for NEIRO to experience further rallies is supported by the ongoing rejuvenation of the wider cryptocurrency market following actions like the Federal Reserve’s reduction of the funds rate by 0.5%. Investor sentiment has improved, and additional rate cuts expected later this year could further boost the price of NEIRO. Major exchange listings, such as on Coinbase, Kraken, Bitstamp, and OKX, could propel NEIRO to new highs, as seen with its listing on Binance. With these developments, the NEIRO price could surpass its all-time high of $0.001327 by the middle of October and reach $0.0025 by the end of the year.
Whales have been accumulating large amounts of NEIRO, with one trader holding 17.71 million NEIRO and another amassing $2.96 million worth of the coin. This accumulation suggests confidence in the potential for a strong rally in the near future. Despite challenges such as NEIRO’s relative strength index struggling to climb above 50, the underlying momentum and demand for the coin indicate that a rebound is likely. With NEIRO not yet listed on major exchanges, the opportunity for further growth remains significant, especially given the coin’s recent explosive growth since its Binance listing.
Investors interested in participating in Memebet Token’s presale can visit the official website to purchase MEMEBET tokens at a current price of $0.0254 per token. The price is expected to increase before the sale ends, making now a prime time to buy and secure the lowest possible price. With Memebet Token offering users the opportunity to bet on a variety of crypto-native games while receiving enhanced rewards using MEMEBET, the utility coin’s price is expected to experience growth over time due to increasing demand and utility within the online casino platform.
