Is This the Start of a Bull Run?

First Neiro on Ethereum price has surged in market value, pointing to a robust bullish trend. Within the last 24 hours, NEIRO reached a new all-time high, fueled by its rapid upward momentum. This remarkable growth has caught the crypto community’s attention, further driven by a significant transaction on the Ethereum network. 

NEIRO Price Soars as Investor Misses Millions

A recent analysis by Lookonchain reveals a cryptocurrency trade involving NEIRO. The investor initially spent 0.32 ETH, equivalent to around $1,000, to acquire 8.41 billion NEIRO tokens. They sold the tokens for 9.98 ETH, or approximately $32,400, realizing a 30x return on the initial investment.

The 8.41B $Neiro this guy sold for $32.4K is now worth $17.5M!

He spent only 0.32 $ETH($1K) 8.41B $Neiro sold all for 9.98 $ETH($32.4K), a 30x return!

That’s a significant gain, but if he had held on to it until now, the return would have exceeded 16,690x!… pic.twitter.com/9uiP4fVLRm

— Lookonchain (@lookonchain) October 12, 2024

Despite the substantial gain, the potential return could have been far higher. According to Lookonchain’s data, if the investor had held onto the tokens, they would now be worth $17.5 million. This would have represented an astonishing 16,690x return, significantly different from the amount they cashed out.

Most crypto markets today are experiencing a bullish trend, with NEIRO leading the gains with a notable price surge. Bitcoin’s price is steady, hovering above the $62,000 mark, reflecting continued market optimism. Meanwhile, Ethereum also remains strong, trading just above $2,400, signaling bullish sentiment across significant assets. 

First Neiro Price Surges, Reaches New ATH

First Neiro on Ethereum is seeing a significant surge. NEIRO price has risen by 37.58% within a day and is currently trading at $0.002154. The token has shown impressive growth, hitting a high of $0.00219 during the last 24 hours. 

With the bullish momentum, the meme coin price shows strong potential for continued growth. Recent market activity suggests that if this upward trend holds, the price could surge toward a higher resistance level, possibly reaching $0.003 in the short term.

The Chaikin Money Flow (CMF) indicator currently shows a positive value of 0.23, indicating substantial buying pressure, which further supports the bullish outlook. 

NEIRO’s recent surge highlights its potential for continued growth, supported by strong buying pressure. As the token reaches new highs, investor interest remains robust. With the current bullish momentum, NEIRO could target higher resistance levels, maintaining its upward trajectory in the short term.

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Coingape Staff

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.