Neiro Ethereum Pumps Past $0.2 – Can it Reach $1?

The post Neiro Ethereum Pumps Past $0.2 – Can it Reach $1? appeared first on Coinpedia Fintech News

A new meme coin has emerged and caught the market’s attention with rapid price growth. It’s called Neiro Ethereum and is based on the OG doge meme coin.

Another project currently on the rise is Base Dawgz. It’s currently in its presale and has raised $2.7 million so far. Will this explode next?

Jitters About NEIRO Amid Rallying Price

Neiro Ethereum has made quite the market debut.

After launching on Tuesday, it has risen to a staggering $193 million market cap.

Based on that, it already stands as one of the 20 most valuable meme coins.

CoinMarketCap data reveals it has gained 49% in value today and over 1,200% since 29 July, when it began tracking the NEIRO price.

The project has also booked impressive trading volume, totalling over $36 million in the past 24 hours.

However, it’s not all good news – analysts are concerned about a potential scam.

But before we look at that, let’s outline what exactly Neiro Ethereum is.

According to its website, Niero is “The sister of the OG DOGE, Kabosu, here to make history on the Ethereum chain!”

Quite like Dogecoin, there is no apparent utility to the Neiro Ethereum token.

While this is common for meme coins, it does increase the likelihood of a scam.

Think of it this way: if a team creates utility and innovative features, it’s more likely they plan on staying for the long haul.

Now, let’s look at what analysts think about the project.

Blockchain sleuth Wazz was among the first to raise concerns, saying it is a “honey pot.”

A honey pot is a crypto scam where investors cannot sell their tokens.

Wazz says Neiro Ethereum uses an advanced extension of this scam that goes undetected to most tests.

However, there remains strong community support on social media.

For instance, prominent analyst Hydraze just backed Neiro for 5x gains to his 90K followers.

Looking at the tweet replies, no one mentioned being unable to sell their NEIRO tokens.

Having pumped over 10x in the past two days, this might be a good time for Neiro Ethereum holders to take profits.

Should the allegations of a honeypot scam be correct, then the token will not have a future.

Nevertheless, there’s a chance these rumours are false, and Neiro has undeniable community support.

But for traders seeking a promising meme coin with less risk, Base Dawgz is a solid alternative.

The project is in its presale and has already received a third-party smart contract audit, proving it is safe and secure.

Is This the Next Meme Coin to Explode? Base Dawgz Presale Hits $2.7M 

While Neiro Ethereum has already pumped 10x, investors can still buy Base Dawgz at a rock bottom price.

That’s because Base Dawgz is undergoing a presale, which provides traders with a fair opportunity to buy before it launches on exchanges.

The presale has raised over $2.7 million so far, indicating big support from investors.

And here’s another benefit: Base Dawgz has multiple utilities.

First, it is a multichain meme coin available on Base, Ethereum, Solana, BSC, and Avalanche.

Also, it has a staking mechanism and referral scheme, providing massive earning potential to its community.

Analysts are taking note..

The Cryptonews YouTube channel speculates $DAWGZ can 100x.

“It’s very intriguing because of the technology it offers and the chain it’ll be hosted on,” said the analyst.

Meanwhile, blockchain auditor Solid Proof conducted an in-depth analysis and found no issues with the Base Dawgz smart contract. 

This means presale investors can rest assured they’re buying a legitimate and trustworthy token.

Currently, the Base Dawgz presale price is $0.007061.

However, this will rise throughout the campaign, and the next increase will be in four days.

Act fast to secure the best price.

Visit Base Dawgz Presale

#Sponsored
[Source: Coinpedia]