This week, the cryptocurrency market has been buzzing with excitement as Bitcoin and memecoins like First Neiro on Ethereum and SPX6900 gain traction. Both tokens have shown explosive growth, raising questions about which will lead the next week's rally.
First Neiro on Ethereum (NEIRO)
Since its listing on Binance on September 16, NEIRO has skyrocketed by 900%, increasing its market cap from $15 million to $839 million. Last week, it surged another 104%. After breaking out from a descending wedge, it reached a high of $0.002176 before correcting to $0.002003. The key to NEIRO’s next rally lies in overcoming the resistance at $0.002176.
SPX6900 (SPX)
SPX6900 has captivated the crypto space with 5,000% gains over the past month. Last week, it saw another 300% jump. Currently, SPX trades at $0.8455 with a market cap of $800 million. Its next major resistance is at $0.9082, a breakout of which could spark further rallies.
Which Memecoin Will Lead Next Week’s Rally?
Both NEIRO and SPX have captured the attention of the crypto community and are poised for significant gains. However, potential downside risks lie in whale activity, where large holders may cause sudden price drops. Investors should monitor on-chain movements as they strategize for the week ahead.
Experts warn of potential risks associated with whale activities and recommend closely monitoring market signals. Caution and awareness remain crucial for investors engaging with the emerging memecoin trends.