Ethereum’s new Dogecoin ($DOGE) challenger Neiro ($NEIRO) has surged 14.8% in 24 hours off the back of a meme coin rally that added 2.6% overnight to the $49.3 billion sector.
At its current price of $0.001011, Neiro is down 5.7% from its price this time last week but 24.8% up from its price a fortnight ago. Early holders are up a phenomenal 1,299% on their investments from thirty days ago.
The $412.5 million cap Neiro is the only meme coin among the fourteen biggest to post double-digit percentage growth overnight.
Sector leader/Neiro inspiration Dogecoin only added 4.2% and trades at $0.1074. Its nearest contender Shiba Inu ($SHIB) was the only major Doge-themed coin to come close to Neiro’s performance with a 9.3% overnight rally that leaves it at $0.00001725 as of this writing.
Neiro ($NEIRO): The Rapid Ascent
Neiro’s developers want $NEIRO to be a billion dollar meme coin. They even airdropped Ethereum creator Vitalik Buterin 4% of the supply, which was worth about $130,000 at the time, in a marketing stunt on August 3. He promptly dumped the lot.
However, Vitalik’s reluctance to HODL is not shared by the wider community. Since launching end of summer, $NEIRO rallied to an all-time high of $0.001327 on September 24. Today it trades about 24% lower.
While Neiro is still new, there are already some trends appearing in the data. The token encountered stiff resistance at $0.0013 throughout the end of December. October marked the start of a decline, which bottomed out at $0.00086 on October 3, indicating support may be forming around $0.0009.
Its relative strength index (RSI) is 65 and rising towards overbought at 70. This means the token’s price is a little inflated right now and the rally will lose steam overnight.
From Neiro To a New Kind of Meme Coin: Flockerz
Neiro may be challenging the Doge-meme coin establishment, but unlike most of its billion-cap companions, it lacks utility.
The days of just-for-laughs Shiba Inu tokens like Neiro may be over soon, with several new projects bringing surprising new earning potential to the concept.
Flockerz ($FLOCK) is a one such meme coin. Its presale launched last month and has rapidly raised over $413,500.
Touting itself as “The People’s Meme Coin”, Flockerz offers crypto fans a vote-to-earn meme coin with unrivaled staking rewards and community-building.
So, what is “vote-to-earn” and how does it work? Firstly, Flockerz holders (aka “The $FLOCK”) are all members of a decentralized autonomous organization (DAO) called Flocktopia.
Flocktopia is where members of The Flock can draft and vote on governance and improvement proposals to ensure that all important decisions are by community consensus and not a centralized authority.
By rewarding voters with $FLOCK, Flockerz incentivizes frequent active engagement with the community and aligns everyone’s interests towards making the project a success.
The more you participate, the greater the rewards, making for a potentially more loyal meme coin community than DogWifHat.
Some 25% of the project’s 12 billion $FLOCK token supply are for staking, with the protocol offering stakers eye watering yield of 5,011% on the tokens they lock up over a two-year staking period.
Flockerz is a transparent and fully audited project.
That’s why Coinsult audited its smart contract, to give investors peace of mind.
Furthermore, Flockerz is eyeing up listings on both centralized and decentralized exchanges (CEXs and DEXs) to join DogWIfHat as a global meme coin. The vote-to-earn mechanism will launch after listings.
Hold on, because this $FLOCK is taking off!
Join now. Follow Flockerz on X and Telegram.
Visit the Flockerz Presale Website For More Information
The post Neiro Surges 15% as Investors Flock to a ‘Less Than $0.01’ Meme Coin appeared first on Cryptonews.
