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Web 3 Journalist
Tim Hakki
Web 3 Journalist
Tim Hakki
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Why Trust Cryptonews
Ethereum’s latest hot doggy-themed meme coin, Neiro ($NEIRO), rallied as much as 50% in the last 24 hours, but its rapid ascent is now cooling off.
At its current price of $0.002414, Neiro is now about 30% more valuable than it was 24 hours ago. Over the week, Neiro’s price advanced 47%.
This is largely due to the reelection of Donald Trump as the 47th US President.
Trump adopted a pro-crypto stance this campaign (despite being famously skeptical of Bitcoin during his previous presidency).
Since then, Bitcoin has set two new all-time highs with the last being $76,243.98 on yesterday.
Can Neiro Still Make Millionaires?
Neiro’s developers launched the meme project with a marketing stunt, airdropping Ethereum creator Vitalik Buterin 4% of the supply on August 4, which was worth about $130,000 at the time.
He then dumped it.
However, since then, $NEIRO has blown up. It is now just 3% away from posting a new all-time high and broad support appears to have formed around the psychologically important $0.0020 threshold.
The token encountered stiff resistance at $0.0013 throughout the end of September before rising to an ATH of $0.002259 on October 15.
Its relative strength index (RSI) is 79 and falling, suggesting the token might be currently overvalued, which could make it a less optimal time for purchasing.
As for the potential of reaching $1, while it’s an ambitious target given that Neiro is currently only a fifth of a cent, achieving such a 500x rally by the new year is highly unlikely.
Although Neiro has shown potential for significant growth, there is no historical precedent in the coin’s pricing to support such a rapid ascent.
It’s a long shot, but in the volatile world of cryptocurrency, unexpected surges are not entirely out of the realm of possibility.
From Neiro to Flockerz: Meme Coin Winter Has Landed.
Neiro may look promising but in a market already saturated with five market leading doge meme coins, there is a strong chance the project may be a passing fad.
However, over in the world of micro cap meme coin ICOs, many new species of meme coin are just launching. One such offering is the new vote-to-earn (V2E) Flockerz ($FLOCK).
This month, meme coin fans have been piling into a new vote-to-earn (V2E) meme coin called Flockerz ($FLOCK), a month-old presale that has raised over $1.3 million dollars.
Touting itself as “The People’s Meme Coin,” Flockerz offers crypto fans unrivaled community-building incentives and staking rewards.
Holders of Flockerz (known as “The $FLOCK”) are members of a decentralized autonomous organization (DAO) called Flocktopia, where they can draft and vote on governance and improvement proposals.
This structure ensures community consensus dictates the decisions rather than an opaque centralized authority, like with the Neiro meme coin.
Some 25% of the project’s 12 billion $FLOCK meme coin supply is for staking, with the protocol offering stakes yield of 1,299% on the tokens they stake over a two-year period.
Flockerz is a transparent and fully audited project.
That’s why Coinsult audited its smart contract, to give investors peace of mind.
Furthermore, Flockerz is eyeing up listings on both centralized and decentralized exchanges (CEXs and DEXs), so it has global ambitions to join Neiro and other top meme coins.
Join now. Follow Flockerz on X and Telegram.
Visit the Flockerz Presale Website
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
