NEIRO Surges by 52%; Hits a New All-Time High

In a remarkable turn of events, Neiro has surged by 52% today, reaching a new all-time high of $0.001494 . This significant price increase marks a notable recovery for the cryptocurrency. The coin had seen a challenging period, hitting an all-time low of $0.052438 in August 2024, but today’s rally signals renewed investor confidence and interest in the memecoin. 

Factors behind NEIRO’s Rally

The recent surge in the memecoin’s value can be attributed to several key factors. First and foremost, increased whale investment, recently one of the whales exchanged 190.5B PEPE coins and 6 ETH swapped for 1.466B $NEIRO which is worth $1.8M.

Additionally, major market makers like Wintermute have been actively accumulating the memecoin, further indicating growing institutional interest. 

Moreover, the memecoin has gained visibility from prominent figures like Vitalik Buterin, who recently swapped 70.72 million NEIRO for ETH which had a notable impact on the pricing of the memecoin. Following the sell-off there was a dip of 20% but the coin surged by 110% after the sale. 

Other memecoins such as Dogecoin and Shiba Inu have also seen a surge in the last 24 hours of approximately 5% and 7% which also indicates a increased increase in memecoins. 

Currently, the price of $NEIRO is at $0.00147 with a surge of 51.9%. With a total supply of 420B, the market cap is at $616M.

$NEIRO 24 Hours Chart (Source CoinGecko)

As the memecoin continues to gain momentum, many are left wondering this rally is just the beginning for the memecoins. With whale investments on the rise, strong backing from the community, $NEIRO could be ready for exponential growth in the coming weeks.

Also Read: Bitcoin Reigns as the Best-Performing Asset Despite a Weak Q3