What’s Driving the Sudden Spike?

First Neiro On Ethereum (NEIRO) price, a recently introduced Shiba Inu-themed meme coin, has shown a marked increase in its market. This upward trend suggests a bullish outlook, reinforced by NEIRO’s position above its crucial support level. The significant rise in its value can largely be attributed to its quick addition to several major cryptocurrency exchanges.

Why Is NEIRO Price Surging?

NEIRO price, the latest meme coin on Ethereum, has garnered significant market interest following its introduction on the Binance platform. On September 16, 2024, NEIRO debuted in Binance’s spot and futures markets. This listing triggered an unprecedented 800% surge in its price within 24 hours. Over the past week, the buzz around NEIRO escalated its value by over 1,200%.

Further elevating NEIRO’s profile, KuCoin began trading under the symbol NEIROCTO for the NEIROCTO/USDT pairing on September 17 due to a naming conflict. The exchange enabled deposits for NEIRO on the ETH-ERC20 network, with plans to allow withdrawals starting September 18.

📢 New Listing@neiroethcto #NEIROCTO Gets Listed on #KuCoin!

💎Pair: NEIROCTO/USDT
💎Deposit: now open (network: ETH-ERC20)
💎Trading: 09:00 on September 17, 2024 (UTC)

— KuCoin (@kucoincom) September 17, 2024

Additionally, Bybit has embraced NEIRO, facilitating deposits and withdrawals on the Ethereum network. Although the introduction of Bybit added to the coin’s credibility and exposure, it also led to notable price fluctuations, including a sharp, albeit brief, increase in its value. 

These consecutive listings have boosted NEIRO’s market presence and introduced a wave of volatility due to heightened investor interest and speculative trading.

Binance Adds NEIRO Price and More to Loans

Binance recently expanded its offerings on both its Flexible Rate and VIP Loan services. New additions include Baby DogeCoin (1MBABYDOGE), First Neiro on Ethereum (NEIRO), Polygon (POL), and Turbo (TURBO). For up-to-date interest rates and a comprehensive list of assets eligible for loans and collateral, customers should consult the Loan Data and VIP Loan sections.

First Neiro On Ethereum has seen a remarkable surge in its value over the past day. The surge in price aligns with the surge in other crypto markets, reflecting a bullish trend.

Bitcoin price is currently hovering above the $60,000 level, fueling other altcoins to surge with the ongoing fed meeting. As of the reporting form, the NEIRO price is $0.0008016, marking a significant increase of 107.77% in a single day. The trading volume for NEIRO has escalated by 81%, with a staggering $771.86 million worth of NEIRO traded in the last 24 hours.

How High Can NEIRO Price Go?

The technical indicators for NEIRO price on the cryptocurrency exchange MEXC show a notable upswing in its market activity. The Relative Strength Index (RSI) has climbed steeply alongside the price, reaching a high of 91, which typically suggests an overbought market condition. 

The NEIRO price is experiencing a robust bullish run, aiming for further gains. It is now testing a key resistance point at $0.0009. Overcoming this barrier might elevate its value to $0.001. With the momentum maintained, we could see NEIRO’s price approaching $0.0002 by the close of this month.

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Coingape Staff

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.