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First Neiro On Ethereum continues to show strength as it leads crypto’s top 100 gainers this week.
But is NEIRO going to keep pumping? Let’s find out.
NEIRO Bullish as Trading Volume Soars, Experts Spot Breakout
First Neiro On Ethereum is rising rapidly and is currently one of the most traded cryptocurrencies.
This week, it has significantly outpaced every other top 100 cryptocurrency with a 41% pump.
As this rally takes shape, analysts have noticed that it is breaking key structural levels, paving the way for new highs.
Currently, NEIRO is trading at $0.001668 with a $702 million market cap and a $1.2 billion 24-hour trading volume.
Traders should not discount the importance of volume, especially while the price is rallying.
Currently, NEIRO is the ninth most-traded cryptocurrency and the most-traded meme coin.
This reflects a huge buzz in the market, which lays the way for further growth.
Outside of stablecoins, First Neiro on Ethereum has the highest ratio of trading volume to market cap at 1.6, 4x higher than the runner-up, FTT, at 0.4.
There’s clearly a lot of token demand, and its supply is limited. As such, it’ll only be a matter of time until sellers exhaust their supply, and then the price will rise.
And it’s not just NEIRO’s volume that looks good.
Analysts have also spotted bullish patterns on its price chart.
Team Lambo Chart expects 2x gains from its current price, noting that NEIRO recently broke out from a descending channel to the upside.
Based on the analyst’s price chart, we could expect to see First Neiro On Ethereum reach $0.003
Similarly, Nicola Duke target the $0.003 mark, noting that it broke a trendline resistance and has begun another bullish wave after a brief retracement.
Based on its incredible volume-to-market-cap ratio, First Neiro On Ethereum is receiving a lot of attention right now.
With that, a move toward $0.003 seems well within reason for the coming weeks.
According to the current market landscape, this would make NEIRO the sixth-largest meme coin.
Since August, First Neiro On Ethereum has risen from a $1 million to $700 million market cap, providing some early investors with life-changing gains.
While its upcoming trajectory will not provide remotely comparable returns, there are other new meme coins on the market that analysts are backing for huge gains.
Flockerz is one. Like First Neiro On Ethereum, Flockerz is a community-led token. Moreover, it’ll be the world’s first Vote-to-Earn decentralized autonomous organization (DAO).
New Meme Coin to Watch: Analyst Says Flockerz Can 100X After Presale
Flockerz is a new meme coin that gives every $FLOCK holder a say on its future.
Through the FlockTopia DAO, users will be able to vote on every important matter, including controlling the project’s treasury.
The reason First Neiro On Ethereum exploded is that it was listed on Binance – and the reason Binance listed it was because it is a ‘community takeover’ (CTO) token.
This means that NEIRO was decentralized, unlike the previously popular Niero Ethereum, which was led by a centralized team and subsequently crashed in price.
Flockerz adopts a similar concept to First Neiro On Ethereum, except with some important upgrades.
Most importantly, the FlockTopia DAO will actually pay people to participate. They’re calling it “Vote-to-Earn.”
Staking is another new feature of Flockerz. Users can lock up their $FLOCK to earn passive rewards, currently valued at a 3,578% APY.
Analysts are showing huge interest – Jacob Bury even speculated it could 100x in price.
Bury also mentioned that other projects have seen even bigger gains, like MOODENG, which recently increased by 10,000x.
But right now, investors can buy $FLOCK at a discounted presale rate. The ICO has raised $500K and is currently priced at $0.005724.