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Ethereum’s hottest new Dogecoin ($DOGE) challenger Neiro ($NEIRO) has just hit a new all-time high and secured its place as the tenth biggest meme coin by market capitalization.
But the question remains: How much further can this barely three-month-old token go?
Well, Neiro fever drove the price to set a new high watermark of $0.002259 today before pulling back 12% in the last six hours.
Neiro’s performance in the last 24 hours has tracked that of the original meme coin $DOGE.
In the last 24 hours, Dogecoin grew by 0.7% to trade at $0.1158, while Neiro posted 0.4% appreciation. Zooming out to the last seven days, Dogecoin is up by 7.7% while Neiro added 4.4% to hit $0.002021 as of this writing.
This means Neiro is among the better performing coins in the top ten today but its gains over time are diminishing. By contrast, Turbo ($TURBO) blew up 99% over the week and SPX6900 ($SPX6900) mushroomed 55%.
Dogecoin’s original challenger Shiba Inu ($SHIB) posts nominal intraday losses of 0.5%. It’s also the worst performing top ten meme coin over the week with gains of only 4%.
Neiro’s developers launched the project with a marketing stunt, airdropping Ethereum creator Vitalik Buterin 4% of the supply on August 4, which was worth about $130,000 at the time.
He then sold it all.
However, since then, $NEIRO has consistently rallied. It is now sitting close to all-time high and support appears to be forming around the psychologically important $0.0020 threshold.
The token encountered stiff resistance at $0.0013 throughout the end of September.
October marked the start of a decline, which bottomed out at $0.00086 on October 3, indicating
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