Analysis of NEIROETH Price Rises 50%, Here’s the Reason!

2024-10-28

NEIROETH Price

BittimeIn the last 24 hours, the price of NEIROETH (Neiro Ethereum), a meme coin inspired by Shiba Inu, experienced a significant spike. 

With increasing investor interest, NEIROETH price is now among the top crypto assets in terms of price performance. What caused the price of this token to soar? Read this article to find out more!

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NEIROETH Price Rises

NEIROETH, which has a dog theme, refers to the Shiba Inu belonging to Atsuko Sato, Kabosu's dog caretaker which is also connected to the meme coin Dogecoin (DOGE). 

According to Lookonchain, several new wallets have started actively accumulating NEIROETH, indicating renewed interest in the project. It is estimated that this investor interest has the potential to drive NEIROETH's price up.

Read Also: The Meme Coin Trend is Increasing, Here Are 4 Potential Meme Coin Categories!

New Wallet Buy NEIROETH Tokens, NEIROETH Price Rises

One Ethereum wallet, newly created on October 28 with the initial code “0xec6b,” reportedly made a withdrawal of 230.4 ETH from the OKX exchange, worth more than $575,000, to purchase approximately 8.23 ​​million NEIROETH tokens. 

Within hours of the purchase, the value of the wallet's NEIROETH tokens soared to $860,663, resulting in a profit of around $300,000 for the trader. The number of NEIROETH tokens in this wallet is equivalent to 342 ETH.

Another trader also created a new wallet and purchased 5.41 million NEIRO tokens via the Ethereum network from the Gate.io exchange, worth approximately $453,000. In a short time, the value of the tokens in this wallet rose to $566,117 or around 225.38 ETH.

NEIROETH Price Rises 50% in Last 24 Hours

The price of NEIROETH skyrocketed more than 60% in the past day to become one of the highest rising crypto assets on the market. Currently, NEIRO is among the top 450 crypto assets by market capitalization. 

Harga NEIROETH Hari Ini

Source: Bittime.com

Meanwhile, based on the Bittime market, NEIROETH price has increased by 50.02% in the last 24 hours, and is trading at IDR 1,672. 

During the same period, NEIROETH also recorded gains of 60.9% against Bitcoin (BTC) and 61.4% against Ethereum (ETH).

NEIROETH's trading volume on the Ethereum network saw a sharp increase, reaching $53,156,854, up 62.10% compared to the previous day. 

Read Also: First GRASS Airdrop Starting on October 28 2024 at 20:30 WIB!

Performance of NEIROETH Price Amidst Positive Trend

Even though NEIROETH price in the last 24 hours has been very positive, NEIROETH still needs to recover from the previous big drop. On August 7, 2024, NEIRO's price peaked at $0.2933. 

However, since then the price of NEIROETH has decreased by 67.93%. However, NEIROETH still shows an increase of 304.21% compared to its lowest price recorded on September 3, 2024.

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MA Indicator: NEIROETH Price Trend is Positive

Based on the Moving Average (MA) indicator, the NEIROETH price trend is currently considered positive. Ten MA indicators show a “buy” signal while one indicator is in the neutral position, and there is no “sell” signal. 

This Moving Average indicator is used to measure momentum, assess trend direction, and identify support and resistance levels, all of which indicate an uptrend.

Read Also: Magic Eden Launches TestME Coin, a Trial Version of ME Token, on October 29!

How to Buy Crypto di Bittime

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Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.

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