Neiro Ethereum, the red-hot meme coin that exploded higher after its late July launch, is back with another pump to keep meme traders on their toes. After declining for much of August, $NEIRO jumped more than 100% in the past 24 hours and saw its trading volume more than double.
While there may still be momentum in $NEIRO’s bullish movement, savvy traders are already looking for the next meme coin to rocket upwards. One prominent crypto analyst thinks they’ve found it in Pepe Unchained, a new Ethereum Layer-2 built specifically for meme coin traders.
Neiro Ethereum Pumps 101% as Trading Volume Doubles
Almost no one saw Neiro Ethereum’s move this week coming. The token slid 92% from its all-time high in early August to the beginning of September. Many analysts thought the hype around $NEIRO was finished, the token confined to the has-beens of meme coin history.
Then, on Wednesday, all that changed. $NEIRO shot up from $0.025 to $0.067, bucking the bearish trend in the broader crypto market. After a brief pause, the meme coin’s price chart turned vertical, carrying it to a price at the time of writing of $0.150.
Overall, over the past 3 days, $NEIRO has gained more than 170%.
What’s even more impressive is the massive increase in trading volume around $NEIRO. The token is seeing more than $125 million in volume today compared to less than $15 million earlier in the week. Trading volume increased by 103% in the past 24 hours alone, suggesting that $NEIRO’s momentum is far from finished.
Traders and analysts on X have pointed to a short squeeze as the catalyst behind $NEIRO’s explosive movement. There remain millions of dollars in outstanding short positions that could continue fueling the pump.
$NEIRO blew past resistance at $0.107 and is now facing a more serious test around the $0.183 price level. It initially bounced down from that price on its first test, but the price appears to be consolidating ahead of a renewed breakout.
If $NEIRO can blast through the $0.183 resistance band, the token could be poised to push to a new all-time high.
Crypto Analyst ClayBro Predicts Pepe Unchained as Next 100x Meme Coin
While Neiro Ethereum’s gains this week are very impressive, they could pale in comparison to what’s just over the horizon.
Pepe Unchained, a new Ethereum Layer-2 built around the Pepe meme, has the potential to rocket 100x or more after launch according to renowned crypto analyst ClayBro.
ClayBro, who has more than 130,000 followers on YouTube, cites the massive demand for the $PEPU token during the Pepe Unchained presale as the foundation for his prediction.
He also points to the project’s potential to become the future hub for meme coin trading, edging out Solana and the Ethereum mainnet as the most-used blockchains for trading meme tokens. Pepe Unchained’s Layer-2 network is expected to be 100x faster than Ethereum, offering ultra-quick executions and dramatically reduced transaction fees.
So, it could quickly pick up trading volume as new meme coins launch on the network—and all of that trading activity will require $PEPU to pay for transaction fees.
Pepe Unchained has raised more than $12 million, making it one of the most successful meme coin ICOs of 2024 already. The presale shows no signs of slowing down, either, with whale investments worth more than $80,000 pouring into $PEPU earlier this week.
Investors can buy $PEPU now at a discounted price of only $0.0095362, but the next price increase is less than a day away.
Plus, for a limited time, presale investors can stake their $PEPU to earn up to 167% APY rewards. So, a modest investment in $PEPU today can grow into a stockpile of coins ahead of the project’s official launch.
Don’t miss this chance to get in early on the future center of meme coin trading and reap the benefits of $PEPU’s explosive launch.
