Wow, just wow! Andrew Tate started following Neiro on Ethereum yesterday, and his news account did, too. It’s pretty much the same thing as rumors that his team is involved with a full rebranding of the token.
Immediately, the token started shooting up, and people were naturally excited about this news. It is still a huge concern, though, that the team and influencers hold over 70% of the supply, as highlighted by Binance yesterday, making any exchange listings unlikely for Neiro!
Neiro Hits New ATH Despite Crypto Crash: Volatility Still Cause For Concern
New all-time highs as Neiro hits $230M market cap. However as we saw a few days ago, as soon as it goes above $200M market cap, we see instant sell off. That’s despite getting HUGE influencers such as Andrew Tate and Sneako involved.
A good explanation for these violent sell-offs could be as simple as the team holding a huge supply and influencers getting paid for these tokens.
If we have to look at Neiro technically, we can see a deviation above the $200M market cap and a sharp sell-off with increased volume. It is highly likely we will see some sort of ranging before attempting new all-time highs.
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Neiro Has Topped Out: Is Ginnan the Cat Sister a Better Short Term Move?
$GINNAN looks ready for a move up!
I don't remember if I said it here or not–but i think the Atsuko Sato narrative is the leading meme narrative right now(Doge, Neiro+her cats).
Break trendline + turn resistance into support and this thing will FLY.
Buy here:… pic.twitter.com/F7BNLfjXFz
— VikingXBT (@VikingXBT) August 6, 2024
As we see Neiro sharply sell off, maybe a better short-term hold alternative is available in Ginnan.
Technically, Ginnan looks explosive and ready for a breakout after consolidation, but it has been lacking compared to Neiro.
You can read more about our analyst opinion on Ginnan here.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
