NEIRO withstood the ongoing adjustments in the meme coin market, rising 3.5% daily, and has skyrocketed triple digits in the past month, prompting analysts to predict further breakthroughs for the coin.
Shortly after Wintermute absorbed a large number of NEIRO tokens, its bull market emerged.
Is there more room for growth in the future?
After a rise in the past few days, the meme coin sector experienced a significant correction in the last 24 hours. Its market capitalization plummeted to about $75 billion, with a daily decline of 7.5%.
Many popular meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Fartcoin (FARTCOIN), and Peanut (PNUT), dropped between 4% to 15% during this period. However, some meme coins still maintained upward momentum.
Neiro (NEIRO) is a standout example. As of the writing of this article, this dog-themed meme coin is valued at about $0.0006 (according to CoinGecko data), with a daily increase of 3.5% and a staggering 250% rise in the past month.
Many analysts on X believe that the upward trend is far from over and expect further increases in the near future. An analyst named Res believes that NEIRO maintaining its current price level 'could be the strongest in the entire market.' This market observer noted that this meme coin also exhibited similar performance during previous uptrends, suggesting it may be poised for a 40% increase.
Earlier this week, NekoZ also joined the discussion. They believe that the price could soar to around $0.002 in the coming months, marking the highest point since last December. KNIGHT expects the bull market to further expand and has set a target price of around $0.00243.
What drove this rebound?
Multiple factors have contributed to NEIRO's astonishing surge. The most obvious is the overall recovery of the cryptocurrency market, which has been thriving over the past few weeks. Bitcoin (BTC) broke the psychological barrier of $100,000, while Ethereum (ETH) exceeded $2,700, ultimately stabilizing around $2,550.
Another factor that may be at play is Wintermute's behavior. The X account CryptoNinjas recently revealed that this cryptocurrency market maker and liquidity provider has accumulated a significant amount of NEIRO tokens from leading exchanges such as Binance and OKX.
Looking back, the largest cryptocurrency platform launched a meme coin in September 2024. At that time, it opened trading for the NEIRO/USDT pair, and subsequently, the price of the underlying meme coin surged significantly.
Coinbase followed suit, launching NEIRO perpetual contracts two months later. In the past few months, several other mainstream exchanges have also opened trading services for this asset, including the aforementioned OKX, Bybit, Kraken, KuCoin, etc.
NEIRO withstood the ongoing adjustments in the meme coin market, rising 3.5% daily, and has skyrocketed triple digits in the past month, prompting analysts to predict further breakthroughs for the coin.
Shortly after Wintermute absorbed a large number of NEIRO tokens, its bull market emerged.
Is there more room for growth in the future?
After a rise in the past few days, the meme coin sector experienced a significant correction in the last 24 hours. Its market capitalization plummeted to about $75 billion, with a daily decline of 7.5%.
Many popular meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Fartcoin (FARTCOIN), and Peanut (PNUT), dropped between 4% to 15% during this period. However, some meme coins still maintained upward momentum.
Neiro (NEIRO) is a standout example. As of the writing of this article, this dog-themed meme coin is valued at about $0.0006 (according to CoinGecko data), with a daily increase of 3.5% and a staggering 250% rise in the past month.
Many analysts on X believe that the upward trend is far from over and expect further increases in the near future. An analyst named Res believes that NEIRO maintaining its current price level 'could be the strongest in the entire market.' This market observer noted that this meme coin also exhibited similar performance during previous uptrends, suggesting it may be poised for a 40% increase.
Earlier this week, NekoZ also joined the discussion. They believe that the price could soar to around $0.002 in the coming months, marking the highest point since last December. KNIGHT expects the bull market to further expand and has set a target price of around $0.00243.
What drove this rebound?
Multiple factors have contributed to NEIRO's astonishing surge. The most obvious is the overall recovery of the cryptocurrency market, which has been thriving over the past few weeks. Bitcoin (BTC) broke the psychological barrier of $100,000, while Ethereum (ETH) exceeded $2,700, ultimately stabilizing around $2,550.
Another factor that may be at play is Wintermute's behavior. The X account CryptoNinjas recently revealed that this cryptocurrency market maker and liquidity provider has accumulated a significant amount of NEIRO tokens from leading exchanges such as Binance and OKX.
Looking back, the largest cryptocurrency platform launched a meme coin in September 2024. At that time, it opened trading for the NEIRO/USDT pair, and subsequently, the price of the underlying meme coin surged significantly.
Coinbase followed suit, launching NEIRO perpetual contracts two months later. In the past few months, several other mainstream exchanges have also opened trading services for this asset, including the aforementioned OKX, Bybit, Kraken, KuCoin, etc.
