Is It Too Late To Buy Neiro Ethereum? Top Trending Crypto 

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Neiro Ethereum has been the latest meme coin phenomenon and appears poised to amass at least a billion dollars in market capitalization.  

NEIRO has posted the highest gains of any top 100 meme coin on CoinMarketCap over the past month, rallying by over 1450% since 29th July and firmly among the top trending cryptos. 

However, sidelined investors are wondering if it is too late to invest in NEIRO, considering it already has a valuation of nearly $225 million.

Some smart money investors – especially those hunting for 10x to 100x returns – are already pivoting to new meme coins such as PlayDoge. 

How High Can Neiro Ethereum Go?

The strong demand for NEIRO isn’t surprising, considering it has the backing of Dogecoin and Shiba Inu supporters. 

For the uninitiated, Neiro is the new Shiba Inu dog adopted by @kabosumama, who was also the owner of Kabosu, the dog behind Dogecoin. Some traders are already speculating if NEIRO could become as big as DOGE. 

While this remains extremely unlikely, experts are still bullish on this dog-themed meme coin. After all, NEIRO is still in its expansion stage and is still going live on new top-tier exchanges. 

For instance, Bybit listed the NEIROETHUSDT perpetual contract today, allowing traders to trade with up to 12.5x leverage. 

Neiro Ethereum is also showing impressive daily trading volume, currently at $48 million after a 200% spike over the past day. This is the 92nd-highest trading volume of any cryptocurrency on CoinMarketCap, despite NEIRO only being the 219th largest token by market cap on the platform. 

Investors are also impressed with NEIRO’s resilience, owing to its lack of correlation with Bitcoin. For instance, the meme coin is up by nearly 17% today, even as BTC is down by 4%. 

Cryptocurrencies that show resilience during market downturns often rally the most during bull markets. Unsurprisingly, whales are still purchasing NEIRO, with one migrating $250k worth of its MOG holdings to do so. 

However, the meme coin is already facing stiff competition from newer meme coins. NEIRO is currently trading nearly 25% below its all-time high as some of the early buyers are scaling out of their positions and taking profits. 

Therefore will investors can still see 5x to 10x returns with Neiro Ethereum, it could be too late to aim for anything higher. However, sidelined investors can still be on the lookout for any pullbacks in the NEIRO price, which could offer excellent buy-the-dip opportunities. 

Is PlayDoge A Better Investment?

Unlike NEIRO, PlayDoge (PLAY) is a low-cap gem that is still in its presale. 

However, PLAY is not seeing any less hype and has already raised over $6 million in its ICO. Even popular crypto publications such as Binance Square and Bitcoin.com and mainstream outlets such as The Economic Times have covered its strong presale performance. 

PlayDoge’s GameFi utility appears to have caught the attention of smart money investors, especially those who missed out on Notcoin and Hamster Kombat. Indeed, its Tamagotchi-style play-to-earn game is beginner-friendly and offers free PLAY tokens for players, two qualities that made Notcoin a global phenomenon. 

PlayDoge is also a multi-chain meme coin, which will go live on both Ethereum and BNB Smart Chain. In a rare move, it will also offer staking rewards on both chains. This strategy maximizes its visibility for potential investors. 

Unsurprisingly, experts are bullish on PLAY’s upside potential, with some hinting that even 100x gains could be up for grabs for early buyers. 

However, the PlayDoge presale is in its final stage, meaning investors have an extremely short window to get in early or risk buying it on the open market at a much higher price.

*Cryptonomist did not write the article or test the platform.