Binance Listing Drama Triggers
45%
Crash in Neiro
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Price
The recent listing of First Neiro on Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum (NEIRO) on Binance has caused
unexpected disruption in the market. This development, which was initially
expected to significantly boost the price of Neiro Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum (NEIROETH), ended
up disappointing holders.
About a week ago, Binance introduced Neiro Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum on its futures market,
leading holders to anticipate a spot market listing, which they believed would
boost the price. However, yesterday’s unexpected futures listing impacted the
price negatively and affected holders profitability, leaving many
surprised and frustrated.
Sudden Binance Listing Shocks the Market
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On September 7, BeInCrypto reported that the price of Dogecoin-inspired Neiro
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum surged by 500% within seven days. This happened the same week Binance
listed the meme coin in the futures market.
However, on Monday, the exchange listed another NEIRO token . Before listing
on the spot and futures market, the meme coin s market cap was less than
$20 million. A few hours later, the price of First Neiro on Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum jumped by
1000%.
In contrast, the more recognized NEIROETH experienced a price crash, falling
from $0.14 to $0.077. It’s also worth noting that the death of Kabosu and the
introduction of a new Shiba Inu puppy with the trending meme coin name led to
the launch of several Neiro tokens.
Read more: How To Trade Crypto on Binance Futures: Everything You Need To Know
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Neiro Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum vs. First Neiro on Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Price Chart. Source: TradingView
As a result, it was not surprising that different tokens with similar tickers
appeared on the same exchange. Following the price movement, Neiro Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum
holders expressed frustration with Binance. Some even accused the exchange of
tarnishing its reputation, according to comments shared on X (formerly
Twitter).
For example, crypto trader VikingXBTC criticized the listing decision,
suggesting that there were other meme coins with greater market interest that
could have been prioritized over Neiro-related ones.
“The more I think of these listings, the worse they get. It s three
listings no one wanted. If you absolutely want to list meme coins, there are
so many others that actually make sense. They have a total of 11 memes on
their futures now — you re telling me these three are the top ones?”
VikingXBTC asked .
Besides that, NEIROETH’s price collapse led to the highest level of realized
losses since its launch. According to data from Santiment, the on-chain
transaction volume in loss hit 460 million on Monday. This surge suggests that
holders engaged in panic selling as the price sharply declined. Neiro Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum
On-Chain Transaction Volume in Loss. Source: Santiment
NEIRO Price Prediction: Rebound Expected
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Despite the notable price drop, market maker Wintermute Trading increased its
NEIROETH holdings by buying an additional 19 million tokens earlier today.
Purchasing such a large amount could be a positive sign for the troubled meme
coin.
On the technical side, the Relative Strength Index ( RSI• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Линии Боллинджера » Индекс относительной силы RSI
• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Фондовый рынок » Технический анализ » Индекс относительной силы RSI ) has reached an
oversold level. The RSI• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Линии Боллинджера » Индекс относительной силы RSI
• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Фондовый рынок » Технический анализ » Индекс относительной силы RSI measures momentum, with readings above 70.00
indicating an overbought condition, while those below 30.00 suggest an
oversold condition.
Since the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта is oversold on the 4-hour chart, a rebound could
follow. If buying pressure increases, NEIROETH s price might jump to
$0.11.
Read more: 7 Hot Meme Coins and Altcoins that are Trending in 2024 Neiro
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum 4-Hour Analysis. Source: TradingView
However, the meme coin s value could drop to $0.052 if selling pressure
increases and attention continues to shift to First Neiro on Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum.
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