Meme Coins Are Back in the Spotlight – and Neiro Ethereum (NEIRO) Is the Market's Latest Star

One analyst has even suggested that NEIRO could explode before the end of the year. Meanwhile, Shiba Shootout (SHIBASHOOT) is quietly gaining traction

Neiro Ethereum (NEIRO) has taken the crypto world by storm since its launch on July 29th. The meme coin, which is available on decentralized exchanges (DEXs) like Uniswap, has seen an incredible price surge of over 13,000%.

After debuting at around $0.002 on DEXs, NEIRO quickly ascended to an all-time high of $0.298 on August 5th. At the time of writing, the token is valued at around $0.17, following a slight pullback.

Despite the recent dip, several analysts remain optimistic about NEIRO’s potential, especially in the upcoming bull leg. Crypto analyst Drolby has highlighted NEIRO as one to watch.

According to Drolby, NEIRO has the capability to explode in the next bull leg, possibly leading to a 100x price increase from its current level.

Several aspects of NEIRO have caught Drolby’s attention. Notably, he observed that the token remained resilient during the recent market crash.

While other meme coins experienced drastic drops of 90% or more, NEIRO’s decline was relatively moderate, which Drolby found interesting.

Furthermore, Drolby pointed out some intriguing wallet activity related to NEIRO. According to his analysis, some large players, likely market makers, are holding significant amounts of the token.

This, Drolby explained, could be beneficial as it may contribute to price stability. However, he also noted the potential downside if these big players were to sell, which could lead to smaller investors getting caught in the crossfire.

Overall, Drolby expressed strong bullishness towards Neiro Ethereum and highlighted several factors that could propel the token to new heights in the upcoming bull leg.

If Drolby’s bold prediction of a 100x price increase were to come to fruition, it would indeed be a massive win for early investors who acquired NEIRO at its initial listing price.

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