Meme coin Neiro ($NEIRO) continues to soar after yesterday rising by as much as 50% in the pace of 24 hours.
Ethereum’s new Dogecoin contender was the best performing meme coin in the last 24 hours among the fifteen largest by market capitalization.
Neiro blew up 11.4% overnight and a staggering 55.5% over the week to change hands at $0.002357 at the start of the weekend.
The surging prices everywhere are mostly due to the reelection of Donald Trump as the 47th US President.
Trump adopted a pro-crypto stance this campaign (despite being famously skeptical of Bitcoin during his previous presidency).
Since then, Bitcoin ($BTC) set three new all-time highs with the last being $76,872.61 yesterday.
At its current price of $76,146.50, the original cryptocurrency is about 0.9% short of setting another new high watermark today.
NEIRO Price Analysis: Is It Time To Switch To Neiro?
Neiro’s developers launched the meme coin project with a marketing stunt, airdropping Ethereum creator Vitalik Buterin 4% of the supply on August 4, which was worth about $130,000 at the time.
Vitalik then cashed it all in.
However, since then, $NEIRO has exploded. In the early hours today, it posted a new all-time high of $0.00246.
It has since retreated about 4.7% but broad support appears to have formed around the psychologically important $0.0020 threshold.
Source: TradingView
The token encountered stiff resistance at $0.0013 throughout the end of September before rising to an ATH of $0.002259 on October 15.
Its relative strength index (RSI) is 62 and falling, suggesting the token is currently fairly valued but it may be losing some steam as traders do a spot of weekend selling.
Will Neiro Be A Crypto All-Star This Meme Coin Winter?
Neiro may look promising, but in a market already saturated with five market-leading doggy-themed meme coins, there is a strong chance the project will be a passing fad.
Neiro lacks the headroom for growth that is found among crypto projects in the presale market, where various meme coin and protocol token launches are easily and quickly bagging 10x or even 100x profits for investors.
One new protocol called Crypto All-Stars hopes to change the negative perceptions around meme coins by letting crypto fans put them to work.
Crypto All-Stars is a unified staking protocol that allows users to earn serious rewards by combining the world’s most celebrated meme coins.
Users can stake Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, Based Brett, MogCoin, Milady, TurboToken, Toshi The Cat, Coq Inu, and BonkCoin in the MemeVault to earn passive income. If Neiro survives into next year, it could easily join the stellar meme coin roster.
The current reward rate for staking these coins is an impressive 496% in the form of $STARS.
The project has gained so much popularity that its presale has already raised over $3.1 million.
Following the purchase, investors can begin staking for rewards and claim the tokens once the presale ends.
Head to the website to buy $STARS with ETH, USDT, BNB, or even by card.
Follow Crypto All-Stars on social media – X (Twitter) | Telegram to stay up-to-date on all the developments.
Visit the Crypto All-Stars Presale Website Here
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