NEIRO Ethereum (NEIRO) is a newly launched meme coin inspired by ‘Neiro-chan,’ the successor to Shibainu Kabos, the character behind the popular meme coin ‘Dogecoin.’ Drawing inspiration from Dogecoin, which once reached a market capitalization of $88 billion, NEIRO aims to follow in its footsteps. The coin is issued on the Ethereum blockchain, a strategic move to enhance accessibility for users. Here are some key details:
NEIRO Ethereum(NEIRO)?
Basic Information
· Token name: Neiro Ethereum
· Symbol : NEIRO
· Network : Ethereum
· Total Supply : 1,000,000,000 NEIRO
· Buy/Sell Taxes : 0% (0)
· Contract Details : The NEIRO contract cannot be changed, additional tokens cannot be minted, and it is open source with no proxy contract, ensuring transparency.
Feature
· NEIRO is a memecoin with no intrinsic utility, emphasizing safety and reliability. Developers cannot mint tokens or change settings.
· NEIRO has no token distribution to teams and has not received any VC backing.
Token distribution and market activity
· According to Bubblemaps' analysis, 78% of NEIRO's supply at launch was acquired by a specific address and then distributed across multiple wallets, suggesting the possibility of control by a specific group.
· NEIRO reached a market capitalization of $130 million within a week of its launch, with over 10,000 holders.
Investment and market reaction
· NEIRO has gained a lot of attention in the memecoin market, with high trading volume and market capitalization. Investors are attracted to NEIRO for its transparency and safety.
NEIRO coin price
Current price
· Price: NEIRO coin currently has a price of approximately $0.2626.
· Market capitalization : It is close to $300 million.
Recent Trend
· Vitalik Buterin sale: Ethereum creator Vitalik Buterin sold 17.1 billion NEIRO, causing the price of NEIRO to plummet by 60%.
· Market capitalization : NEIRO surpassed $100 million within 10 days of launch, and now has a market capitalization of nearly $300 million.
Trading and market reactio
· Trading Volume : The 24-hour trading volume is approximately $27,172,060.
· Price change: The price is up 8.96% in the last 24 hours, and 64.56% in the last 7 days.
· Number of holders: The number of holders has already surpassed 1.1 million.
Other information
· Supply distribution: According to Bubblemaps analysis, 78% of the initial supply was acquired by a specific address and then distributed across multiple wallets, suggesting the possibility of control by a specific group.
NEIRO coin is highly volatile and recently suffered a large price drop due to the sale of Vitalik Buterin, but it still attracts a lot of investor interest.
NEIRO Coin, is it a scam?
While there is no hard evidence that NEIRO Coin is a scam, there has been some suspicious activity reported. According to Bubblemaps , 78% of NEIRO's supply was acquired by a specific address and then distributed to multiple wallets, suggesting the possibility of insider trading and market manipulation. Additionally, a blockchain detective named Wazz claimed that NEIRO may be a honeypot because it blacklists new token holders.
There have also been warnings that NEIRO's developer has sold $6.5 million worth of NEIRO tokens and continues to sell an average of $500,000 worth of tokens per day. This activity raises the possibility that NEIRO is controlled by a group of people and raises concerns that it may be a pump-and-dump scam.
In conclusion, investing in NEIRO coin requires caution and a cautious approach given the suspicious activity involved.
NEIRO Coin Price Prediction
Current Situation
· NEIRO grew rapidly in the meme coin space, surpassing $100 million in market capitalization within 10 days of its launch and is currently valued at nearly $300 million.
· After Vitalik Buterin sold a large amount of NEIRO, NEIRO price plummeted by 60%.
Price Mover
· Market uncertainty: NEIRO is highly uncertain due to multiple rumors and suspicious activity. If evidence of fraudulent activity emerges, token holders may sell off in large numbers.
· Bearish crypto market: The crypto market could enter a bear market with Bitcoin falling below $50,000, which would likely cause the price of high-risk meme coins like NEIRO to plummet.
Technical analysis.
· Parabolic SAR: NEIRO's price is downtrending, and the Parabolic Stop and Reverse (SAR) indicator is positioned above the price, suggesting a possible continued decline.
· RSI: The relative strength index (RSI) for NEIRO is below 50, indicating that selling pressure is currently exceeding buying pressure in the market.
· Bollinger Bands: The gap between the upper and lower bands is widening, indicating increased market volatility.
Price Outloo
· On the downside: If NEIRO retraces the recent gains, the next price target is $0.09, a 25% decrease from the current price.
· On the upside: The price could potentially rise to $0.15 if demand increases.
NEIRO coin is subject to high volatility and uncertainty, and is expected to weaken for the remainder of 2024. Investors should consider these risks and approach with caution.