NEIRO Coin Price Update: What to Expect After Its 2845% Monthly Gain

NEIRO’s price jumped 16% in the past 24 hours, now trading at $0.00168. This token has posted impressive weekly gains of nearly 50%, and its monthly performance is remarkable, showing a staggering increase of 2,845%. Intraday price movements reveal a trading range between $0.001395 and $0.001872, highlighting its rapid price action. Additionally, NEIRO’s 24-hour trading volume soared by 56% to $1.16 billion, while futures open interest rose by 23.66% to $168.43 million. Furthermore, derivatives volume increased significantly by 82.74% to $4.09 billion. 

With these impressive figures, First Neiro on Ethereum (NEIRO) is clearly on an upward trend, attracting investors and sparking discussions about its future potential. While it has kept a low profile so far, the coin’s bright prospects have generated excitement about what’s to come.

Let’s dive in. 

SHIB Trader Makes Bold Moves

In a key market development, a renowned SHIB trader, famous for making $145 million, has made a strategic swap from NEIROETH to NEIRO, fueling optimism about the token’s potential. On-chain data shows that the trader sold $1.22 million worth of NEIROETH at a 55% loss after holding it for a month. However, they quickly pivoted by purchasing $1.45 million worth of NEIRO over the past 24 hours, bringing their total NEIRO holdings to $6.51 million. 

Notably, this move has resulted in an unrealized profit of over 67%, further underscoring the trader’s expertise in identifying profit-making opportunities.

It’s Looking Bright for NEIRO

The SHIB trader’s substantial accumulation of NEIRO has created significant market interest, with many speculating that further gains could be on the way. This optimism is supported by the trader’s unrealized profit of 32% on their $4.61 million position in FET, showcasing their smart trading track record. 

Additionally, the trader holds 477.5 billion SHIB, suggesting potential movements for Shiba Inu soon.

What On-Chain Activity Tells Us

In addition to the trader’s moves, NEIRO’s strong on-chain activity is another positive sign. Recent reports have highlighted NEIRO’s high engagement levels, adding to its growing market momentum. 

With rising prices, strong trading activity, and backing from key traders, NEIRO looks well-positioned for continued gains, fueling optimism that its upward trend will last.

NEIRO Price Analysis

On October 7, NEIRO achieved a new all-time high of $0.00154 after breaking out from a descending parallel channel. Many market analysts predict the token may reach another peak of $0.00169, driven by bullish price action and encouraging indicator readings. While a correction could follow, the upward momentum appears to have plenty of energy left before it peaks.

As we look forward to NEIRO’s performance in the upcoming bull run, one question remains: Have you taken note of this rising star?