NEIRO Ethereum Listing Bybit: A Big Step for Meme Coin

Bittime - Neiro, a meme coin that bills itself as the "official little brother" of Dogecoin, has attracted the attention of the crypto community since its emergence. 

Riding on DOGE's iconic status, Neiro arrived on the Ethereum blockchain with the aim of replicating the viral success achieved by its predecessor.

Taking Advantage of DOGE Status

Neiro positions itself as a community-driven force, with a narrative closely tied to the Dogecoin legend. 

The project claims to be committed to building a strong and loyal community, which is one of the main pillars in its efforts to conquer the crypto space. 

However, it is important to approach this project critically, considering the volatile nature of meme coins and the risks involved.

While the project has managed to attract attention, some glaring flaws cannot be ignored. 

The lack of information about the team behind Neiro and the absence of a roadmap or future plans could be a red flag for investors. Therefore, caution is advised.

Read also: What is Neirocoin (NEIRO)? Learn How to Buy it!

Big Achievement: Listing on Bybit

One of Neiro's biggest achievements was the listing of his coin on the famous crypto exchange, Bybit. Bybit started supporting Neiro on August 21, 2024. It allows users to make deposits and withdrawals via the Ethereum network. 

This listing is expected to provide a significant boost to Neiro's market presence and liquidity.

By listing on Bybit, Neiro gains access to a wider audience, increases trading volume and provides much-needed exposure. 

However, while these listings provide legitimacy and a surge in visibility, it is important to remember that listings on large exchanges often trigger short-term price spikes driven by speculation, followed by sharp corrections as early investors profit-take.

Additionally, the ability to trade Neiro via Spot Grid Bots on Bybit could attract automated trading strategies, potentially magnifying price fluctuations.

NEIRO Price Action: Bearish Trend

Source: TradingView

Despite positive news about the listing on Bybit, NEIRO price action remains stagnant and moves laterally. Although the token rose nearly 7% to a daily high of around $0.146 on August 21, pressure from bears sent the price back down.

If the news of the listing on Bybit manages to attract buyers' interest, NEIRO's price could start to rise, facing resistance at the $0.155 and $0.17 price levels. 

On the contrary, the downtrend might force the meme coin to test the 0.618 FIB support around $0.132. If this support level fails to hold, NEIRO price may fall further to around $0.116 before a possible recovery occurs.

Conclusion

Neiro's listing on Bybit marks an important milestone in the project's journey, providing a major boost to its exposure and liquidity in the market. However, investors should remain cautious considering the inherent volatility of meme coins. 

While there is potential for price increases, the risks involved cannot be ignored either. Investors are advised to consider all factors and conduct thorough research before making an investment decision.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn How to Buy Crypto on Bittime.

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.