The Ethereum-based token $NEIRO has surged more than 72% over the past week, attracting significant attention for its impressive performance. With more than 420 billion Nero tokens in circulation, nearly 100% of the total supply has been released, which is a positive sign for investors.
The token is showing bullish momentum, consistently displaying green candles on the daily chart. Its listing on Binance has contributed to its increased exposure and many believe it has the potential to surpass the $1 billion market cap.
As of today, October 9, $N$NEIRO is valued at $0.00168, boasts a market capitalization of $710 million and a 24-hour trading volume of $982 million. It ranks as the ninth most traded cryptocurrency and holds the top spot among meme coins.
Meme Coin Price Prediction $NEIRO
Ethereum's first cryptocurrency Neiro has been consolidating in the $300 million to $1 billion market cap range, but recent bullish patterns, such as an impulse wave followed by a correction and a bull flag, suggest further upside is likely.
Current market sentiment suggests that while NEIRO may experience a short-term correction, the overall structure of the coin appears strong, with potential upside of up to 45% based on Fibonacci retracement levels.
If the overall cryptocurrency market turns positive, Nero could see its price rise even further, with community excitement surrounding future developments.
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