First Neiro On Ethereum (NEIRO) Price Plunge: Best Time to Buy or Sell?

03.10.2024 11:19

Read/Write Web

First Neiro On Ethereum (NEIRO) faces a challenging week, with its price plunging nearly 20%.

After its initial Binance listing, the token’s value surged, but it then started trending downward.

The key question is whether this presents an opportunity to load up on NEIRO or signals a time to sell.

First Neiro On Ethereum (NEIRO) price analysis and prediction

First Neiro On Ethereum price dropped another 11.38% in the past day, intensifying pressure on investors. Its market cap stands just below $400 million, making it the 209th largest cryptocurrency.

Trading volume fell by 47.29% for the day, with $261 million in transactions. Following its Binance listing, NEIRO saw an initial price spike, but a pullback has persisted in current market conditions.

Despite the recent selloff, the bigger picture reveals more. Geopolitical tensions and uncertain interest rate trends have added to market-wide volatility. Still, early investors have seen impressive returns, with the token up 1,000% over the past month.

Though the price has retraced since its Binance debut, the token holds potential. Binance continues promoting the project, and new trading pairs were recently added.

Social media presence remains modest, with just over 46,000 followers, but community sentiment is still bullish. A poll of 10,000 voters showed 80% optimism for the project’s future.

First Neiro On Ethereum faced a 17.17% drop this week, but some analysts see this as a correction rather than a long-term decline. As community growth and further development continue, the project could regain momentum.

The broader crypto market also faces pressure, with Bitcoin struggling to stay above $60,000. The Fear and Greed Index has shifted back to “Fear,” heightening market hesitation. However, for those eyeing an entry into NEIRO, this may present a good opportunity to start dollar-cost averaging.

While the token may dip further in the short term, the long-term outlook remains positive if the project continues building its community and engagement.

If you’re looking for investment opportunities that could offer big returns and increase in value during the next bull run, check out our guide here for the best crypto presales of 2024.

Best altcoin to buy now: Pepe Unchained (PEPU)

For those who missed out on early gains with First Neiro on Ethereum, a new opportunity emerges with Pepe Unchained (PEPU), a project featuring its own blockchain. The ongoing presale has already raised $17.1 million, reflecting strong investor demand.

Investors are rushing to get in early as the presale price of Pepe Unchained gradually increases throughout the campaign. Currently priced at $0.00991, it is expected to rise with the next increase in 1 day and 14 hours.

The Breaker of Chains strikes again!

$17M raised 🏗️ pic.twitter.com/dTpGIkooRO

— Pepe Unchained (@pepe_unchained) October 2, 2024

Buying into the Pepe Unchained presale is straightforward. Investors can use ETH, BNB, USDT, or even a bank card. To participate, simply visit the Pepe Unchained website, connect a wallet, and select the cryptocurrency and amount to purchase.

The project addresses Ethereum’s scalability challenge with a layer 2 blockchain focused solely on meme coins and related applications. Its goal is to create a scalable environment for trading meme coins directly from an Ethereum wallet, serving as a gateway into Ethereum’s memetic world.

According to the project, the “Pepe Chain” will be 100x faster and significantly cheaper than Ethereum. With growing momentum, the team has announced discussions with tier-1 centralized exchanges, aiming to attract more investors after the presale concludes.

Additionally, the project launched a development grants program called “Pepe Frens With Benefits,” which offers incentives for building applications and tokens within its ecosystem. The Pepe Chain will also include features like staking, a block explorer, an Ethereum bridge, advanced analytics, and more.

Additionally, Pepe Unchained offers “double staking,” currently providing estimated APYs of 125%. Investors have already locked over 1.2 billion $PEPU into staking.

Pepe Unchained delivers everything expected from a top blockchain project. While the project is still under development, the excitement surrounding it positions Pepe Unchained as one of the best crypto presales this month for potentially significant gains.

To take part in the $PEPU token presale, visit pepeunchained.com.

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