Neiro Ethereum (NEIRO) Explodes by Over 100% in 24 Hours

Neiro Ethereum ($NEIRO) has exploded in the last 24 hours, pumping by over 100% to hit $0.05997.

Neiro Ethereum (CRYPTO: NEIRO) is among the hottest tokens on Thursday morning, with the altcoin price more than doubling in the last 24 hours.

What Happened: Neiro Ethereum is up 104% in the last 24 hours and now trades at $0.05997. The token has a 24-hour trading volume of $32.96 million and a market cap of $59.97 million. Neiro Ethereum is currently ranked no. 478.

The massive rally comes as the crypto market continues to heat up. The appointment of Paul Atkins, who is known to be pro-crypto, as the 34th SEC Chair, officially announced on Wednesday, may have sparked the market rebound.

After ages of trading below the $9,000 level, Bitcoin (NASDAQ:BTC) shot past the $93,000 mark. Ethereum (CRYPTO: ETH) also followed suit and was last seen trading above the $1,800 level.

The entire market is in the green and several micro-cap tokens are reporting triple-digit gains.

Why It Matters: Neiro Ethereum is a new token that runs on the Ethereum blockchain and has a 1 billion token supply. The token has zero buy or sell tax and no team tokens, which could be appealing to crypto traders.

The structure of the token and meme-style energy has helped it become one of the best-performing tokens of the day.

Several tokens are named Neiro, but Neiro Ethereum is the token that has seen the most interest and a 97% price increase earlier Thursday.

With meme coin season heating up and the market continuing to rebound, traders are on the lookout for the next breakout token.

Related Link: Best Meme Coins To Buy In 2024