First Neiro on Ethereum Price Prediction 2025: NEIRO Hits All-Time High, More Growth Expected

Key Takeaways

• First Neiro on Ethereum (NEIRO) spiked more than 1,000% after a Binance listing on Sept. 16.
• The memecoin hit an all-time high on Nov. 11.
• Our First Neiro on Ethereum price prediction suggests it could reach $0.00365 soon.

Fans of meme coins certainly paid attention in early September 2024 when Binance listed two very similar memecoins with the same ticker handle. 

Both First Neiro on Ethereum (NEIRO) and NEIRO are named after a dog that was adopted by the owner of Kabosu. The dog inspired the meme that, ultimately, gave the world Dogecoin and its many imitators. 

However, on Sept. 16, 2024, First Neiro On Ethereum was listed on Binance’s  spot market, while NEIRO was on the platform’s futures trading platform. 

The first NEIRO’s presence attracted considerable attention, and its price shot up by more than 1,100% in the space of a single day. 

NEIRO also enjoyed an upturn in November, peaking at an all-time high of $0.002875 on Nov. 10.

On Nov. 11, 2024, First Neiro on Ethereum (NEIRO) was worth $0.002375.

Let’s look at our First Neiro on Ethereum price predictions, made on Nov. 11, 2024. We will also briefly discuss First Neiro on Ethereum (NEIRO) and what it does.

For clarity, when we talk about NEIRO, we are talking about First Neiro on Ethereum  rather than the many other cryptos with the same ticker handle.

NEIRO Price Prediction 

Before we start our NEIRO price prediction, we need to mention that since NEIRO is a relatively new coin and has been incredibly volatile, it is difficult to make a reliable medium-to-long-term Neiro price prediction.

So, we will only make a prediction for NEIRO at the end of 2024 instead of including 2025 and 2030, as we do with our usual price predictions.

The most likely wave count suggests that NEIRO price started a five-wave increase in August. If the count is accurate, NEIRO is currently in the fifth and final wave of its increase, which could end near $0.00579.

The target is found by giving wave five the same length as wave one. 

After reaching the high, we can project an A-B-C correction with the same duration as the previous upward movement.

The correction could end at the $0.0013 horizontal support area in February 2025. During this decline, the wave count gives a target of $0.00305 for the end of 2024.

NEIRO Price Prediction 2024

The wave count method gives a NEIRO price prediction of between $0.00245 and $0.00365 for the end of 2024.

NEIRO Price Analysis

The six-hour NEIRO price analysis reveals a rapid increase ongoing since Nov. 4. The increase led to a new all-time high price of $0.000289 on Nov. 19.

During the upward movement, the NEIRO price broke out a descending parallel channel that existed since the previous all-time high.

The increase looks like a completed five-wave upward movement (yellow), where wave four created a symmetrical triangle. If the count is accurate, the NEIRO price has completed its upward movement, as evidenced by the 18% decline since the high.

Technical indicators reflect this short-term weakness. The six-hour Relative Strength Index (RSI) has generated a bearish divergence (green) while the Moving Average Convergence/Divergence (MACD) made a bearish cross (white icon).

Short-Term NEIRO Price Prediciton

The NEIRO price prediction for the next 24 hours is bearish. NEIRO is attempting to find short-term support before resuming its long-term upward movement.

NEIRO Average True Range (ATR): NEIRO Volatility

The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days.

A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility.

Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.

On Oct. 7, 2024, NEIRO’s ATR was 0.000192, suggesting relatively high volatility.

NEIRO Relative Strength Index (RSI): Is NEIRO Overbought or Oversold?

The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold.

Movements above 70 and below 30 show over and undervaluation, respectively. Movements above and below the 50 line also indicate if the trend is bullish or bearish.

On Nov. 11, 2024, the NEIRO 14-day RSI was at 51, indicating more-or-less neutral conditions.

NEIRO and the CCN Index

The CCN Index uses a range of indicators to measure a cryptocurrency’s price momentum.

On Nov. 11, 2024, NEIRO scored 37.1 on the CCN Index, indicating comparatively weak price momentum.

NEIRO Price Performance Comparisons

NEIRO is a memecoin, so its price performance will be compared to similar memecoins.

NEIRO Price History

Let’s examine some key dates in the admittedly brief First Neiro on Ethereum price history . Remember, though, that past performance should never be taken as an indicator of future results.

NEIRO Market Cap

The market capitalization, or market cap, is the sum of the total number of NEIRO in circulation multiplied by its price.

On Nov. 11, 2024, NEIRO’s market cap was just under $1 billion, making it the 76th-largest crypto by that metric. 

Who Owns the Most NEIRO

On Nov. 11, 2024, a wallet linked to Binance held more than half the NEIRO supply. 

Richest NEIRO Wallet Addresses 

As of Nov. 11 2024, the five wallets with the most NEIRO  were

• 0xf977814e90da44bfa03b6295a0616a897441acec. This wallet, listed as Binance, held 262,909,512,617 NEIRO, or 62.49% of the supply.
• 0x6cc5f688a315f3dc28a7781717a9a798a59fda7b. This wallet, listed as OKX, held 7,746,297,744 NEIRO, or 1.84% of the supply.
• 0x28c6c06298d514db089934071355e5743bf21d60. This wallet, also listed as Binance, held 5,070,432,719 NEIRO, or 1.21% of the supply. 
• 0xc555d55279023e732ccd32d812114caf5838fd46. This wallet held 3,320,546,406 NEIRO, or 0.79% of the supply. 
• 0x929dbfa274636c5b41f5dcc362e8fab45a23a614. This wallet held 3,052,829,855 NEIRO, or 0.73% of the supply. 

NEIRO Supply and Distribution

What is NEIRO?

NEIRO is a memecoin based on the Ethereum blockchain. It is a purely speculative cryptocurrency run by the community.

It should not be confused with the other NEIRO, which, confusingly, is also a memecoin based on the Ethereum blockchain, nor should people get it confused with other NEIROs that appear on other blockchains. 

Because NEIRO is based on Ethereum, it is a token, not a coin. You might see references to a NEIRO coin price prediction, but these are wrong. 

How NEIRO Works

People can hold NEIRO in the hope that its value will go up. Meanwhile, people can buy, sell, and trade it on exchanges. 

Is NEIRO a Good Investment?

It is hard to say. What should be fairly obvious, though, is that First Neiro on Ethereum is yet another memecoin, and, frankly, it is hard to see what makes it stand out from its competitors. 

However, memecoins can be rather unpredictable, so we don’t know what will happen to NEIRO in the future. 

No technical documentation or whitepaper properly explains NEIRO’s purpose or functions, so investors may well want to put their money elsewhere. 

Will NEIRO Go Up or Down?

No one can really tell right now. Remember that prices can and do go down and up. 

Should I Invest in NEIRO?

Before deciding whether to invest in NEIRO, you must research it and related memecoins, such as Shiba Inu (SHIB). Either way, you must ensure you never invest more money than you can afford to lose.

Technical analysis by Valdrin Tahiri.

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