CandleFocus

Neiro (NEIRO) on Ethereum up 50% in a day after accumulation by five market makers

Author: Content Editor
The article discusses the recent rally of Neiro on Ethereum (NEIRO) and its competition with the community-owned version of the token. NEIRO on Ethereum has experienced a 50% rally and is now trading above $0.09. It has a more active perpetual futures market on Binance and has gained more holders compared to the community-owned version. The token is still far from its peak of $0.25 and is waiting for additional listings. Market makers like Wintermute, GSR Markets, and Auros Global have boosted the token. NEIRO is also competing with other doge-themed tokens and is benefiting from the renewed interest in meme coins. The NEIRO version on Ethereum has faced accusations of being a cabal coin, but it is being reevaluated for its growth potential. The community-owned version has faced reputational damage due to accusations against its market maker, Gotbit. The token is now undergoing a transformation and is fighting to retain value. The next target for the community-owned version is to exceed a $1 billion valuation. The competing version of NEIRO is valued at only $85 million, making it more susceptible to price fluctuations.

Related News