NEIRO Breaks Out: Analyst Sees 90% Jump on the Horizon

• An analyst predicts a potential bullish surge for NEIRO, with a 90% jump expected.
• Shibarium’s daily transactions soared by 70%, showing increased interest in Shiba Inu’s ecosystem.

Captain Faibik, a popular crypto analyst, has discovered a probable bullish continuation for the First Neiro Token on Ethereum (NEIRO), also known as NEIROCTO, implying that the meme coin is poised for a huge surge.

Analyst Spots Bullish Breakout for NEIRO 

In his most recent analysis, Captain Faibik stated that NEIRO has broken out of a triangle pattern in the short term view, implying that the token is poised to fly by more than 90%. This prognosis has piqued the curiosity of traders and investors eager to profit from the next potential boom.

Source: Captain Faibik on X

NEIRO is now trading at about $0.001221, representing a 2.52% raise over the last 24 hours, with a daily trading volume of $587.68. This increase has caused its market cap to exceed $500 million.

The increasing momentum comes after NEIRO experienced spectacular growth following its listing on Binance, a prominent cryptocurrency exchange.

As previously reported by CNF, NEIRO had an astounding surge of more than 1,000% overnight on its listing day, attracting the attention of the broader crypto community. In contrast, a similar token, NEIROETH, fell sharply during that time and struggled to regain its footing in the days that followed.

Moving on to another popular meme token, Shiba Inu, the ecosystem is showing indications of positive sentiment. According to CNF, everyday transactions on Shibarium, Shiba Inu’s Layer 2 scaling solution, have increased by 70%, indicating renewed interest and involvement among the Shiba Inu community.

The total value locked (TVL) on Shibarium has already reached $1.2 million, while the number of wallet addresses continues to rise, reaching an amazing 1.816 million.