First Neiro On Ethereum is going from strength to strength. It has successfully created a new all-time high (ATH) for the third time in October.
NEIRO Price Rallies As Traders Eye More Gains Ahead
The new meme coin pulled a significant gain this week, but there could be much more to come. Currently, NEIRO is trading at $0.001989, at breakeven today, up 36% this week and 5,619% this month. It holds a $809 million market cap and a $482 million 24-hour trading volume.
Based on that, NEIRO is the eighth-largest meme coin by market cap and the fourth-largest by volume.
Its new ATH came late Sunday night, and there has been a slight selloff since. Nevertheless, the new highs illustrate strong momentum.
Traders are looking toward more gains in the coming days. Early NEIRO investor TraderSZ predicts it will reach $0.0025, noting that it recently broke out above a trendline resistance and flipped it to support.
Meanwhile, other analysts are nodding to even more gains. Kimz notes that NEIRO has recently broken out from an “accumulation zone” and suggests it could reach $0.01, translating to a $4 billion market cap.
The analyst notes that this would be comparable to Dogwifhat’s peak and suggests it is possible due to historical price data – NEIRO has experienced bullish rallies on both prior accumulation zone breakouts.
With a new ATH recently created, it’s clear that momentum is on NEIRO’s side.
This is especially true considering the top six meme coins are in the red this week.
NEIRO’s relative strength could well translate to further gains as the market recovers.
Another meme coin also showing strength while the market limbos is Pepe Unchained. It’s undergoing a presale and has raised a whopping $19.3 million so far.
Is Pepe Unchained the Next Meme Coin to Pump? Layer 2 Project Nears $20M in Presale
Pepe Unchained will be the first Pepe-themed meme coin with its own blockchain. The presale is raising funds to build an Ethereum layer 2 blockchain that will be 100x faster and much cheaper than the Ethereum main network.
The idea is to create a unified home for meme coins and meme coin-related apps inside the Ethereum ecosystem.
The ‘Pepe Chain’ will also include features like a block explorer, a dedicated Ethereum bridge, a decentralized exchange, and staking. It has everything you’d expect from a leading blockchain.
The concept is generating a serious buzz.
What’s more, Pepe Unchained’s team keeps releasing news that has the community ecstatic.
For instance, they recently announced they’re in talks with tier 1 exchanges and that they’re running a developer grants program that will pay people to build in its ecosystem.
As such, the $19 million presale raise is not unexpected – and neither are the swarms of analysts backing the project.
Jacob Bury from the 99Bitcoins YouTube channel recently said it can 10x in price.
However, Bury even alludes to up to 100x gains, saying it is “going to go live soon and is looking really good.”
The current Pepe Unchained presale price is $0.00998, but this will rise throughout the campaign.
The next increase will occur in one day.
