Neiro Ethereum (NEIROETH) could be making a comeback.
The meme coin is up by nearly 40% since hitting its local bottom last week.
Meanwhile, First Neiro On Ethereum (NEIROCTO) is down by nearly 14% since hitting its all-time high on Monday.
Whales appear to be stacking both meme tokens, as well as low-cap coins like Memebet Token and Crypto All-Stars. Indeed, low-cap gems could offer 10x to 100x returns in the upcoming meme coin mania.
Neiro Ethereum Bounces Back - Is It Still A Good Investment?
Neiro Ethereum is seeing a bullish reversal, with another 8% green candle today.
While the meme coin is still 65% below its all-time, it has rallied by 40% from its local bottom of $0.0065 and is now trading at $0.0091, with a market capitalization of $90 million.
NEIROETH is also seeing a 50% spike in daily trading volume today, indicating the possibility of a bullish continuation.
Indeed, whales appear to be showing confidence in the project.
For instance, a whale purchased $1.53 million worth of NEIROETH over the past 3 days at an average price of $0.086, data from Lookonchain reveals.
A whale spent $1.53M to buy 17.71M $NEIRO(Neiro On Ethereum) at an average price of $0.08662 in the past 3 days!Address:0x6ab126f6d7891369D3B58f1027D61c13e6434648 pic.twitter.com/VKIc7dwNtD
— Lookonchain (@lookonchain) September 24, 2024
Neiro Ethereum price plummeted after Binance snubbed the project from its Spot market, instead giving the nod to First Neiro On Ethereum.
However, it is important to note that Binance Futures has not delisted the meme coin. In fact, Binance Futures is still responsible for a majority of the meme coin’s Perpetual trading volume, worth over $300 million today.
Meanwhile, prominent traders like Solid believe that Binance’s snub was all manipulation to help whales buy NEIROETH at cheaper rates. He highlights that Wintermute trading firm still holds a substantial position of Neiro Ethereum, worth about $7.5 million.
Meanwhile, First Neiro On Ethereum is seeing a marginal pullback. The meme coin is down by nearly 13% from Monday’s all-time high, likely due to profit-taking by the whales.
Experts are still extremely bullish on NEIROCTO. Popular crypto investors like TraderSZ expect it to reach a $5 - $10 billion market capitalization in the coming months.
However, if NEIROETH continues its bullish reversal while NEIROCTO remains choppy, smart money investors could see both meme coins as viable projects for the upcoming meme coin bull run.
After all, risk assets like meme coins are set to see a strong surge in liquidity after the Fed’s quantitative easing. In such a scenario, two competing meme coins on Binance may create quite a buzz and see outsized growth.
Low-Cap Meme Coins Like STARS and MEMEBET Also In High Demand
The demand for low-cap meme coins remains extremely high as investors gear up for the upcoming bull run.
For instance, Crypto All-Stars (STARS) has raised $1.5 million in its presale, thanks to its first-ever unified staking program, MemeVault.
Meme coins with their own staking program are in high demand. For instance, top Tron meme coin Sundog saw a strong bull rally after the launch of its staking. However, such projects are extremely rare.
MemeVault accepts 11 meme coins - including top projects like Dogecoin and Pepe - and offers attractive passive income in return. Unsurprisingly, investors who stake STARS will see much higher returns.
Unsurprisingly, Crypto All-Stars has impressed investors with its strong early demand and some prominent traders are calling it the next 10x crypto.
Meanwhile, a GambleFi-themed meme coin Memebet Token (MEMEBET) is also making waves in its ICO, having already raised nearly $300k in its first few days.
Memebet Casino is the first-ever meme coin-based crypto casino and is seamlessly available on Telegram. It is therefore no surprise that experts are bullish on MEMEBET’s upside potential.
Indeed, a whale invested $50k into the token after Memebet Casino secured a regional sponsorship with the Argentina National Football Team.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
