The meme coin market continues to grow as new tokens emerge, but notably, a clone of a well-known meme coin topped the charts this week, leaving the original coin far behind.
Let’s take a look together!
The first Neiro (NEIRO) on Ethereum
While Neiro Ethereum has made headlines over the past month, Binance this week listed a new coin with the same name. This NEIRO managed to gain 2,459%.
Unlike Neiro Ethereum, which is trading at $0.086, First Neiro on Ethereum is trading at $0.000804. However, the latter’s rally may not last long as overall trading volume has dropped by 117% in just 72 hours.
Therefore, NEIRO might decline in the coming days as investors turn to selling. This could potentially drop the price to $0.000600.
BILLY
Next on the list of best performing meme coins is Billy, an altcoin that has seen its price surge by 157%. This has seen the altcoin trade at $0.048, its highest level in weeks.
BILLY is currently aiming to break out of the $0.048 resistance level, which is currently blocked. This could propel it to $0.067, which is the next major resistance level for the meme coin.
Failure to break out of $0.048 could see the altcoin fall back to the $0.035 support level. A decline would erase most of the recent profits and a break below $0.035 would also invalidate the bullish thesis.
Baby Doge Coin(BabyDoge)
Following Billy is Baby Doge Coin, which has managed to gain 109% in the past week. Interestingly, some of BabyDoge’s gains have been wiped out by a 14% drop in the past 24 hours.
Currently, the meme coin is trading at $0.000000002004, above the support at $0.000000001968. Considering the broader market trend, there is a high probability of a break below this level, which could lead BabyDoge to $0.000000001620.
On the other hand, the bearish thesis will be invalidated if BabyDoge succeeds in rebounding from $0.000000001968 and propels the memecoin above the $0.000000002320 barrier.
That’s all for today’s article. We are currently in a bull market, and things are turbulent. We share passwords every day.
