First Neiro On Ethereum is getting stronger. It successfully created a new all-time high (ATH) for the third time in October.
NEIRO price rises as traders see more profits ahead
The new meme coin made significant gains this week, but there could be much more to come. Currently trading at $0.001989, NEIRO is at breakeven today, up 36% this week and 5.619% this month. It has a market capitalization of $809 million and a 24-hour trading volume of $482 million.
Based on that, NEIRO is the eighth largest meme coin by market capitalization and the fourth largest by volume.
The new ATH arrived late Sunday night, and there has been a slight sell-off since then. Nevertheless, the new highs illustrate strong momentum.
Traders expect more gains in the coming days. Early NEIRO investor TraderSZ predicts the price will reach $0.0025, noting that it recently broke above a trendline resistance and flipped it to support.
Meanwhile, other analysts are nodding to even more gains. Kimz notes that NEIRO recently broke out of an “accumulation zone” and suggests it could reach $0.01, which translates to a market cap of $4 billion.
The analyst notes that this would be similar to Dogwifhat’s peak and suggests this is possible due to historical price data – NEIRO has experienced bullish rallies during both previous accumulation zone breakouts.
With a new ATH recently established, it is clear that momentum is on NEIRO’s side.
This is especially true when you consider that the top six meme coins are in the red this week.
NEIRO’s relative strength could translate into further gains as the market recovers.
Another meme coin that also shows strength while the market limbos is Pepe Unchained. It is currently on pre-sale and has raised a whopping $19.3 million to date.
Is Pepe Unchained the next meme coin to pump? Tier 2 project nears $20 million in pre-sales
Pepe unleashed will be the first Pepe-themed meme coin with its own blockchain. The pre-sale will raise money to build an Ethereum Layer 2 blockchain that will be 100x faster and much cheaper than the main Ethereum network.
The idea is to create a unified home for meme coins and meme coin-related apps within the Ethereum ecosystem.
The ‘Pepe Chain’ will also include features such as a block explorer, a dedicated Ethereum bridge, a decentralized exchange and staking. It has everything you would expect from a leading blockchain.
The concept is creating serious buzz.
Moreover, the Pepe Unchained team continues to release news that excites the community.
For example, they recently announced that they are in talks with tier 1 exchanges and are running a developer grant program that will pay people to build in their ecosystem.
As such, the $19 million increase in presales isn’t unexpected — and neither are the swarms of analysts backing the project.
Jacob Bury of the 99Bitcoins YouTube channel recently said that the price could be 10x higher.
However, Bury even hints at profits of up to 100x, saying it will “go live soon and look really good.”
The current Pepe Unchained pre-sale price is $0.00998, but it will increase throughout the campaign.
The next increase will occur in one day.