The NEIRO coin has become a very demanding token of the market as it has not stopped making profits for its holders. Since its introduction at the beginning of August, the market has not been the most favorable, pushing every single crypto down. However, even in that challenging market, the NEIRO’s growth continued, where many investors bagged heavy gains, including three crypto traders making $2 Million after its price surged 1000% overnight.
Why Is NEIRO Coin Price Rising Continuously?
In the last week, the First Neiro on Ethereum, NEIRO price, has surged more than 1970%, currently at $0.0009002 after bulls pushed the coin continuously. During this, it achieved an all-time high of $0.0009742 just 10 hours ago after multiple exchanges began listing the token. It includes popular crypto exchanges like Binance, Kucoin, and many others.
Here, the biggest boost in the NEIRO coin price came right after the Binance listing in the spot and futures market, which led to an 800% surge within a few hours. And with the further listing news, the token has continued to rise.
Since September 16, the token has jumped from $0.00003628 to the ATH of $0.0009742, shocking investors with this crazy growth, especially in the current market. However, today is different, as the market is on the recovery side, where the Bitcoin price grew to $62K after the Fed’s 0.50% rate cut implication. This has boosted the entire crypto market, leading to a 6% surge in the NEIRO price as well. With such a profitable side, CoinGape analysts have earlier forecasted the possibility of the token price rising as high as $0.0002 by the month’s end.
Is NEIRO Coin The Next PEPE?
This heavy rise in the NEIRO price seems similar to the PEPE’s price increase, which also boomed within a month of its launch. At that time, the frog token broke the charts within 24% hours, rising to a high of $0.000005378. However, that did not last long, as the price collapsed instantly, which lasted for months before another similar rally at the beginning of this year and another one in May, making it the biggest meme coin rally ever witnessed.
The PEPE price grew exponentially at that time, bringing new ATH for days. It finally settled at $0.00001718 on May 27 before collapsing almost 50% to today’s price at $0.000007846. With this, many investors have connected both these tokens, especially because of their meme coin categories and big rallies days after their launch. More importantly, both these are launched on the Ethereum network, making another common ground for their success.
Interestingly, NEIRO’s connection to the Dogecoin logo dog, Kabosus, is also bringing quite an attention to this coin. It is because this logo brought immense love to Dogecoin all around the world, and the same is expected to happen to NEIRO.
With this, investors have high hopes for this token. Moreover, with the anticipation around the Uptober and upcoming bull run, a profitable performance is expected from both these tokens.
Final Thoughts
Just like PEPE, NEIRO Coin has emerged as another profitable asset of the crypto market, where its price has grown more than 1970% in the last week. The rally is continuing to this day, with the token creating a new ATH just a few hours ago after creating one yesterday. This growth pattern resembles the actions of PEPE when it was in its prime just a few months ago, becoming the most profitable crypto in the market. However, PEPE has also witnessed quite a fall since then, so it has to see how the NEIRO coin will perform in the future.
The post Is NEIRO Coin The Next PEPE? Price Boosts 1970% Over Week appeared first on CoinGape.