$NEIRO
Why $NEIRO going up?
Neiro coin's recent surge in value is attributed to a combination of factors, including its community support, strong trading volume, and the influence of major players in the market. The token is also benefiting from its meme coin status, drawing inspiration from the iconic Shiba Inu dog, Kabosu, and its association with the broader meme coin trend.
Here's a more detailed breakdown:
1. Community and Meme Coin Status:
NEIRO has a strong and active community, particularly within memecoin circles.
Its association with the Shiba Inu dog, Kabosu, which inspired Dogecoin, has further fueled its popularity and meme coin status.
This active community support generates buzz and a sense of FOMO (fear of missing out) among retail investors, driving up demand.
2. Trading Activity and Market Performance:
NEIRO has demonstrated robust trading activity, with a 24-hour trading volume of $1.2 billion and a ranking as the ninth most-traded cryptocurrency.
Its price has seen significant increases, including a rapid 5,000% surge since its listing on major exchanges like Binance in September 2024.
The token's bullish momentum is supported by on-chain analytics, including an 80% increase in average holding times and a 35% rise in accumulation by large holders.
