Meme coin fever has taken the crypto market by storm in 2024, with NEIRO emerging as one of the year’s most hotly contested coins.
But is NEIRO a solid choice for long-term holding? And does it have the potential to surge and hit the $1 mark during this bull run?
In this article, deep-dive a Neiro market cap analysis to see how realistic a NEIRO price of $1 is and also uncover other alluring opportunities exploding in the crypto market.
Behind every successful coin is a compelling story, as evidenced by the original meme coin, DOGE.
Launched in 2014, DOGE was inspired by the popular Shiba Inu meme, which itself originated from Atsuko Sato’s affectionate blog posts about her dog Kabuso.
Sadly, Kabuso died on May 24th of this year, but that hasn’t stopped the meme coin community from backing the Dogecoin project and rival Shiba Inu, nor has it stopped the hunt for the successor – which rapidly emerged in the multi-coin breakout of NEIRO in August.
Can NEIRO Hit $1 in 2024: How High Can NEIRO Realistically Climb?
Currently, NEIRO is trading at a market price of $0.001776 (representing a 24-hour change of 4.4%).
Beyond this, NEIRO also has a market cap of $747,923,036, leaving the coin ranked at #102, according to CoinGecko – an impressive feat.
However, this information is also deeply revealing for projecting NEIRO’s future potential as a coin and can help us answer the critical question of whether NEIRO can ever hit $1.
The first thing to understand is that price = market cap / circulating supply.
NEIRO has a circulating supply of 420,690,000,000 (which, multiplied by $0.001776, also gives us a market cap of $747,923,036).
As such, when asking the question ‘Will NEIRO hit $1?’, it’s possible to do some quick maths to explore the prospect.
420,690,000,000 (circulating supply) x $1 (price) = $420,690,000,000 (market cap).
A better question, therefore, to ask is whether a $420.69Bn market cap is a realistic prospect for NEIRO (or any) coin to achieve.
To put that into perspective, if NEIRO reached this level, it would have a market cap larger than Samsung, Tesla, VISA, or even a country such as Austria or Israel – in fact, it would only be rivaled by Bitcoin (at around a $600Bn market cap) – highlighting it as a truly global economic force.
The prospect of a meme coin reaching this seems… unlikely, but that’s not to say that NEIRO won’t unlock serious growth from here.
How High Can NEIRO Price Really Climb?
Let’s imagine, for example, that it reaches a market cap equivalent to the third biggest meme coin in the industry, Pepecoin, which currently has a present value of $3,952,521,114.
Some quick maths reveals that $3,952,521,114 / 420,690,000,000 =$0.009395.
This represents around an 8.5X gain from current levels, but lets go further and imagine what could happen in parabolic market conditions by using a generous $20Bn market cap (as hit by Dogecoin in 2021).
$20,000,000,000 / 420,690,000,000 = $0.0475.
At its very topside, this suggests NEIRO could mount a near 25X return max from current levels – still a far cry from $1, but alluring nevertheless.
Are There Better Coins With More Probable 100X Returns?
Yet, the allure of meme coins for many investors lies in the potential for truly life-changing returns – think 100x gains, not just 25x.
To achieve this level of “We’re All Going to Make It” (WAGMI) success, it’s crucial to get in early on coins with very low market caps.
Pepe Unchained is one such coin presently at an $18M market cap.
To demonstrate Pepe Unchained’s high-octane return potential, let’s compare it with NEIRO’s present market cap of $747,923,036.
$747,923,036 (NEIRO’s market cap) / 600,000,000 (PEPU’s supply) = $1.24.
Yet, you can currently scoop Pepe Unchained for the steal price of $0.00995 (spotlighting a potential 125x return if PEPU reaches NEIRO’s current levels).
But What is Pepe Unchained and The PEPU Presale?
Unlike NEIRO, this project is so much more than a classic useless meme – this is about redoing the now legendary Pepecoin – but right.
What’s the problem with Pepe? The answer is simple: in an age of high-octane Solana markets – Ethereum is the old chain – it’s slow, expensive, clunky – it’s not cool.
Yet, PEPE’s original launch as an ERC-20 token has stifled the development of a true PEPE ecosystem.
Luckily, PEPU is here to change the game – with the launch of a high-speed, low-cost layer-2 bespoke made for meme coin developers to expand on the original token.
Furthermore, as part of this layer-2 ecosystem, Pepe Unchained will launch its own DEX, block explorer, cross-chain bridge, and a huge new development fund offering builder’s grants (Frens with Benefits).
In this light, PEPU can be seen as PEPE 2.0 – the same original coin – but better.
So don’t miss out on this near $18M+ skyrocket presale.
So don’t miss out. Stay up to date by engaging with the Pepe Unchained community on X and Telegram.
Buy PEPU Here
The post Neiro’s Price Keeps Climbing as $1 Billion Flows In – Could It Really Hit $1? appeared first on Cryptonews.
