

First Neiro on Ethereum (NEIRO) Holders Refuse to Sell Despite Drawdown, Betting on a New All-Time High
Despite a prolonged drawdown, First Neiro on Ethereum (NEIRO) holders are holding firm, opting not to sell their tokens even after a 20% surge in the past 24 hours.
As the crypto market continues to experience a bear trend, First Neiro on Ethereum (NEIRO) has managed to buck the trend, surging by over 20% in the past 24 hours. This price increase comes as a surprise to many, considering the broader market downturn.
The meme coin has experienced a remarkable rally in recent weeks, surging by over 400% from its recent low of $0.0004 on October 24. This impressive price action has brought NEIRO to its highest price since early December 2021, as the meme coin now trades at $0.0021.
On-chain data from Santiment reveals that NEIRO’s recent price surge has sparked a relative uptick in investor attention. According to the blockchain analytics firm, on-chain transaction volume in profit reached 12.32 billion on Monday, indicating the collective realized gains among NEIRO holders.
This volume, however, appears relatively low compared to previous times when NEIRO experienced notable price jumps. For instance, on September 16, realized profits skyrocketed to 448.33 billion. In October, the profit volume was also higher than the current one on several occasions.
Moreover, the realized profit/loss ratio showcases the collective traders’ mood in the market. A reading above 1 highlights a higher volume of realized profits, while a reading below 1 indicates a higher volume of realized losses.
This metric could be useful in determining whether traders are in a risk-on or risk-off mood, which can influence the price movements of cryptocurrencies like NEIRO.
While NEIRO’s price has surged to new heights, the broader crypto market has experienced a bear trend in 2023. This downturn began with the collapse of several centralized exchanges and crypto hedge funds early in the year.
Despite efforts by the U.S. Securities and Exchange Commission (SEC) to regulate the crypto market, the bear trend has persisted due to macroeconomic factors and the fallout from the exchange and fund collapses.
However, NEIRO, a meme coin on the Ethereum blockchain, has managed to buck this trend, surging by over 400% from its recent low of $0.0004 on October 24. This price increase has brought NEIRO to its highest price since early December 2021.
According to on-chain data from Santiment, NEIRO’s recent price surge sparked a relative uptick in investor attention. As reported by the blockchain analytics firm, on-chain transaction volume in profit reached 12.32 billion on Monday, indicating the collective realized gains among NEIRO holders.
This volume, however, appears relatively low compared to previous times when NEIRO experienced notable price jumps. For instance, on September 16, realized profits soared to 448.33 billion. In October, the profit volume was also higher than the current one on several occasions.
Moreover, the realized profit/loss ratio showcases the collective traders’ mood in the market. A reading above 1 highlights a higher volume of realized profits, while a reading below 1 indicates a higher volume of realized losses.
This metric could be useful in determining whether traders are in a risk-on or risk-off mood, which can influence the price movements of cryptocurrencies like NEIRO.
The above is the detailed content of First Neiro on Ethereum (NEIRO) Holders Refuse to Sell Despite Drawdown, Betting on a New All-Time High. For more information, please follow other related articles on the PHP Chinese website!

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Article

Hot Tools

Notepad++7.3.1
Easy-to-use and free code editor

SublimeText3 Chinese version
Chinese version, very easy to use

Zend Studio 13.0.1
Powerful PHP integrated development environment

Dreamweaver CS6
Visual web development tools

SublimeText3 Mac version
God-level code editing software (SublimeText3)

Hot Topics











Cardano (ADA) has made a comeback in the market, gaining significant attention from the crypto community due to its impressive performance over the past few days.

Dogecoin [DOGE] is undoubtedly the best performer among legacy meme coins in Q4, with over 230% gains as of press time.

As Cardano struggles with bearish trends and a lack of investor interest, savvy investors are flocking to more promising opportunities like Sui and Intel Markets.

The Federal Reserve announced new interest rate cuts on Thursday, which helped send Bitcoin's price to just over the $76,800 all-time high.

Investing.com-- Bitcoin steadied near recent peaks on Thursday, as Donald Trump's victory in the 2024 presidential election sparked sharp gains in cryptocurrencies

On Thursday, the Wall Street research firm upgraded bitcoin "as a long-only trade" with a $121,000 price target.

Tech entrepreneur and meme lord Elon Musk has triggered excitement that cuts across ardent movie fans and the broader cryptocurrency space

The XRP price continues to stir uncertainty among investors, prompting prominent analysts to shed light on the Ripple rival, ETFSwap (ETFS).