Neiro Ethereum ($NEIRO) has been one of the hottest meme coins of the summer, rocketing more than 10 million percent in the 2 weeks since it launched. Now, meme coin traders are wondering what’s next for $NEIRO – and whether the token can jump up to the $1 price threshold.
In this Neiro Ethereum price prediction, we’ll dive into what could be in store for $NEIRO throughout the coming months and beyond.
$NEIRO Breaks Support, Could Fall to $0.1475
$NEIRO’s initial momentum came crashing to a halt in the past few days. The token began trading sideways after hitting an all-time high of $0.2986 last week, then slid 40% over the weekend and the first half of this week.
While early $NEIRO investors have locked in life-changing gains already, traders who got in close to the token’s peak have been hit hard by the downturn. DEXTools now reports that buying and selling activity around $NEIRO are nearly evenly matched, suggesting many traders could be exiting the token.
Since this morning, $NEIRO has broken below an important support level around $0.200 and is now trading at $0.182. That’s a bearish sign for the meme coin, which could now free-fall to its next support level at $0.1475—a nearly 20% loss from the current price.
While we anticipate this support will hold, things could get worse for $NEIRO token holders before they get better.
Trading volume is up as the token’s price falls, indicating momentum for the downtrend. In a worst-case scenario, our analysis suggests $NEIRO could potentially fall to its next support level around $0.1150.
Other crypto analysts have charted similarly bearish trends on shorter-term analysis time frames.
Neiro Ethereum’s fundamentals don’t provide much catalyst for the token to break the bear trend, either. The token is relatively new and doesn’t have the kind of devoted following that other top 10 meme coins boast.
According to DEXTools, only around 17,500 traders and investors currently hold $NEIRO. The project’s X account has only 7,000 followers.
This suggests that $NEIRO could be a short-lived pump rather than a meme coin with true staying power, like $DOGE, $WIF, or $BOME. While it’s too soon to write off Neiro Ethereum completely, the near-term outlook for the token is very bearish.
Could This be the Next Meme Coin to Explode? PlayDoge Surges in Presale
Traders looking for a meme coin with more potential can check out PlayDoge, a new doge-themed play-to-earn game that’s raised more than $6 million already in its ongoing crypto presale.
PlayDoge is modeled on Tamagotchi, the 1990s companion pet game that started a global trend. In PlayDoge, players care for a virtual doge companion and earn $PLAY tokens for their efforts. $PLAY can be redeemed for in-game rewards, creating a flywheel effect for players to earn even more.
PlayDoge has added some other features that set it apart from Tamagotchi and increase the game’s appeal. For example, players can explore 20 side adventures with their doge companion to earn even more $PLAY. The game is also available on iOS and Android devices, and doesn’t require a separate device like Tamagotchi.
In the mid-1990s, Tamagotchi sold more than 82 million devices. Today, we think PlayDoge has the potential to reach hundreds of millions of players around the world.
Crypto analysts have echoed that sentiment, predicting that $PLAY could skyrocket in value from 10x to 100x after launch. For example, ClayBro called PlayDoge the ‘best play-to-earn game in crypto’ and highlighted the token’s potential to shoot higher once it hits exchanges.
During the current stage of the PlayDoge presale, traders can buy $PLAY at a discounted price of only $0.00529 and earn 76% APY on staked tokens. The next price increase is less than 2 days away, so there’s no time to wait to buy $PLAY.
