Neiro Ethereum has pressed forth at a tremendous pace this week despite the market falling flat. It’s up over 180% – can this reign continue, or is a cooling-off period incoming?
NEIRO Looks Bullish, But Skeptics Call Foul Play
There’s every chance that Neiro Ethereum continues to soar, but like many of its peers, it’s not without risk and drama.
Up almost 220% this week, NEIRO is the top performer of all major meme coins. Yet its $164 million market cap leaves significant room for growth – especially to catch giants inside the top 5.
Plenty of traders are betting on this type of scenario. MoneyLord predicts a short-term target of a $2-$7 billion market cap. The trader also looks ahead to a long-term target of up to $30 billion.
Also, Eric Cryptoman speculates that it is “about to go parabolic.”
So, it seems the analyst is expecting a rally with even more haste than the one we’ve already seen.
However, Eric also nods to FUD surrounding Neiro Ethereum, which is worth considering.
Blockchain data firm Bubblemaps tracked wallets of Neiro Ethereum insiders and discovered that they were selling significant amounts of tokens, slating it as “heavily controlled.”
There was also speculation that the team even shorted NEIRO on its recently launched futures contracts on ByBit.
This would not be the first time a meme coin team has been suspected of cheating – even Pepe had its own mishaps.
Pepe’s adversity was solved by a community takeover. These are common and sometimes even encouraged in the meme coin sector.
A Neiro Ethereum community takeover would alleviate its early troubles. However, the project burdens an extra layer of risk that many traders would prefer to avoid.
On the flip side, if Neiro Ethereum does overcome its obstacles, there’s every chance it will hit $1. Its price is soaring, and plenty of well-known industry voices are in support. But those seeking a less contentious new meme coin may want to look elsewhere.
Another promising emerging project is Pepe Unchained. It is undergoing a presale and has received a smart contract audit, adding to its security and transparency.
Is This the Next Meme Coin to Explode? Pepe Unchained Raises $12.5M for Meme Coin Layer 2
Pepe Unchained is building the first-ever Ethereum layer 2 blockchain. It promises to be cheaper and faster than the Ethereum main network, and it’s committed solely to meme coins and transforming the sector into something more reputable and legitimate.
Imagine a blockchain where every application has a memetic spin. There could be a lending app solely for lending and borrowing meme coins. Or a decentralized perpetual exchange where degens can trade meme coins with leverage.
The project has raised $12.5 million so far, reflecting a big nod of approval from investors.
Top industry analysts are getting on board, too.
For instance, the 99Bitcoins YouTube channel says it can be 100x in price. Indeed, that’s an ambitious claim – but as we’ve seen with Neiro Ethereum, meme coin prices can gather pace very quickly.
The video also underscored features of “Pepe Chain,” like a staking mechanism, a block explorer, and a dedicated Ethereum bridge.
Innovative utility is the lifeblood of Pepe Unchained. This sets it apart from most other meme coins.
The presale is ongoing and priced at $0.0095743, but this will rise later today.
