First Neiro On Ethereum (NEIROCTO) continues to be one of the top-performing cryptocurrencies, printing another 50% green candle on Monday to trade at $0.0012.
It posted the highest daily gains of any Binance meme coin to start the week, with Turbo as the distant second.
However, a new meme coin – Pepe Unchained (PEPU) – is also gaining significant momentum in its ICO. PEPU has raised nearly $15 million in presale funding, which is more than NEIROCTO’s pre-Binance valuation.
A growing number of analysts are now calling Pepe Unchained one of the best meme coins to buy now.
Is It Too Late To Buy First Neiro On Ethereum?
The First Neiro On Ethereum rally knows no bounds.
Since its unexpected Binance spot listing, the meme coin has soared by as much as 3700%. The NEIROCTO market capitalization – which was at $14.5 million pre-Binance – reached a new all-time high of $541 million today.
This new Neiro coin is also seeing robust trading volume, as is characteristic of most Binance meme coins. For instance, its 24-hour volume spiked by 250% today and currently stands at $690 million at press time.
Meanwhile, Neiro Ethereum – the project which was snubbed by Binance – is now down to a $91 million valuation.
Quite simply, First Neiro On Ethereum is now the top Neiro-themed meme coin on the market. This is a major win, considering that Neiro is the new dog adopted by Kabosu Mama (@kabosumama), who was also the owner of the original dog behind Dogecoin.
Unsurprisingly, NEIROCTO is receiving significant support from the Dogecoin community.
The meme coin continues to see rapid adoption as well. For instance, it has signed a partnership with Sundog – the top Tron meme coin – in what is being seen as a major win for both projects.
https://x.com/neiroethcto/status/1838261180571488494
Unsurprisingly, smart money investors are extremely bullish on First Neiro On Ethereum. For instance, a popular crypto investor TraderSZ – who got into NEIROCTO at a $1 million valuation – believes that the meme coin could reach a $5 to $10 billion market capitalization this cycle.
Indeed, he highlights that several top-tier exchanges like Coinbase, OKX, Bybit, Kraken and Crypto.com are yet to list First Neiro On Ethereum. However, this could change quickly, considering the robust trading volume seen by the token.
If TraderSZ’s NEIROCTO price prediction holds, it may not be too late to buy the meme coin. However, smart money investors could wait for a dip to take advantage of a better buying opportunity.
After all, First Neiro On Ethereum’s RSI has entered ‘Overbought’ territory in the 4-hour timeframe and is nearing the same in the daily time frame, which could result in a short-term price correction.
Pepe Unchained Surpasses NEIROCTO’s Pre-Binance Valuation
First Neiro On Ethereum had a $14.5 million valuation before the Binance spot listing. Meanwhile, Pepe Unchained (PEPU) has a market cap of $14.8 million even before its launch, just in its ICO.
Interestingly, Pepe Unchained is one of the top related queries to First Neiro On Ethereum on Google Trends. This could mean that a substantial number of investors are bullish on both projects and are seeking regular updates.
PEPU’s robust presale funding isn’t the only reason why it is in the news. The meme coin is launching its own Layer-2 chain on Ethereum, offering extremely low trading costs, instant transactions and high staking rewards.
The meme coin will also establish a “Pepe Foundation”, offering developer grants for new meme coins to be built on the chain. This will ensure that PEPU has long-term utility.
Such utility-driven tokens are rare in the meme coin sector. It is therefore no surprise that whales are bullish on its upside potential. A whale recently invested $200k into PEPU, while two other whales invested $55k and $25k on the same day earlier this month.
Analysts are also aiming for strong growth from Pepe Unchained, especially in the upcoming bull run. In fact, some prominent traders are backing it as one of the best meme coins to buy now that could potentially offer up to 20x returns.
