Neiro Surges 15% as Investors Flock to a ‘Less Than $0.01’ Meme Coin
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Ethereum’s new Dogecoin ($DOGE) challenger Neiro ($NEIRO) has surged 14.8% in 24 hours off the back of a meme coin rally that added 2.6% overnight to the $49.3 billion sector.
At its current price of $0.001011, Neiro is down 5.7% from its price this time last week but 24.8% up from its price a fortnight ago. Early holders are up a phenomenal 1,299% on their investments from thirty days ago.
The $412.5 million cap Neiro is the only meme coin among the fourteen biggest to post double-digit percentage growth overnight.
Sector leader/Neiro inspiration Dogecoin only added 4.2% and trades at $0.1074. Its nearest contender Shiba Inu ($SHIB) was the only major Doge-themed coin to come close to Neiro’s performance with a 9.3% overnight rally that leaves it at $0.00001725 as of this writing.
Neiro’s developers want $NEIRO to be a billion dollar meme coin. They even airdropped Ethereum creator Vitalik Buterin 4% of the supply, which was worth about $130,000 at the time, in a marketing stunt on August 3. He promptly dumped the lot.
However, Vitalik’s reluctance to HODL is not shared by the wider community. Since launching end of summer, $NEIRO rallied to an all-time high of $0.001327 on September 24. Today it trades about 24% lower.
While Neiro is still new, there are already some trends appearing in the data. The token encountered stiff resistance at $0.0013 throughout the end of December. October marked the start of a decline, which bottomed out at $0.00086 on October 3, indicating support may be forming around $0.0009.
Its relative strength index (RSI) is 65 and rising towards overbought at 70. This means the token’s price is a
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