A Journey of Transformation
From its controversial beginnings—where the project’s creator sent a portion of NEIRO to Ethereum co-founder Vitalik Buterin to list him as a major holder before pulling the rug on the community—the project has evolved into a fully community-owned initiative. Significant changes have taken place in the few months since First Neiro on Ethereum’s inception.
Recent Price Performance
The token’s price saw its greatest performance in the last 30 days, reaching an all-time high (ATH) just six hours ago. It climbed beyond the resistance at $0.0019, hitting the official ATH at $0.001937 before experiencing a slight correction.
First Neiro on Ethereum Price Prediction
Despite facing rejection at the resistance of $0.0019, the First Neiro on Ethereum price only corrected to $0.001619 before bouncing back. This resurgence is fueled by bullish sentiment, as many believe the token has not yet reached its peak.
- The project’s Bollinger bands are expanding again, indicating volatility.
- The price is pushing the upper band further, suggesting a continued upward trend.
- Both the expansion of the bands and the price adhering to the upper band are bullish signals.
However, it is likely that the project may struggle to return to the $0.0019 resistance before correcting again due to its rapid ascent.
Relative Strength Index Analysis
The token’s Relative Strength Index (RSI) is approaching the overbought area, a sign that a sell-off could occur soon. Previously, the RSI corrected immediately after entering the overbought zone, leading to a major sell-off that pushed the asset into an oversold position. Once in the oversold zone, bullish investors capitalized on the dip, pushing the metric back up.
Although the RSI experienced hesitation when it reached the neutral area, bullish pressure gradually built up again. Consequently, the First Neiro on Ethereum price continued its ascent beyond the resistance at $0.0017. Yet, the RSI is nearing the overbought zone once more, raising concerns about an impending sell-off.
Traders may prioritize securing smaller profits rather than risking losses, potentially preventing the price from reaching $0.0018 this time.
Promising Alternatives to First Neiro on Ethereum
Investors seeking alternative investment opportunities might consider tokens that haven’t surged significantly yet. One promising project currently in the presale market is Pepe Unchained (PEPU).
- PEPU has surged past $18.2 million in presale amid whale FOMO, with recent buys of $50k, $16k, and $15k.
- It raised another $1 million in less than a week prior to these purchases.
- PEPU is the first meme coin inspired by the original Pepe to have its own blockchain.
PEPU addresses the disadvantages of the original Pepe, which is an ERC-20 token. Operating on Ethereum’s network has limited Pepe due to technical issues, resulting in slow and expensive transactions.
To resolve these issues, Pepe Unchained created its own Layer-2 chain, enabling fast, cheap, and scalable transactions. Additionally, it will feature:
- A native block explorer
- Its own decentralized exchange (DEX)
- The PEPU Foundation, offering developer grants
The YouTube channel 99Bitcoins, with over 706k subscribers, speculates that PEPU has the potential for 10x returns after launch. The token’s price currently stands at $0.00994, and with a price hike expected in about 18 hours, eager investors should act quickly to join one of the most successful ICOs of the year.
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