Neiro Ethereum (NEIRO) is gradually entering the list of the popular cryptocurrencies, demonstrating stable rising and attracting investors’ attention. Priced at $0. Despite it all, as of 1355 hr, NEIRO has increased by 3. The stock also made a 28% move in the last 24 hours and has the possible of appreciate rapidly. This recent price movement in addition to well established market characteristics make NEIRO a valuable asset in the current state of the crypto space.
The market capitalization of NEIRO is approximately $135. Total volume ranks at #263, and thus the coin holds 46 million supply. This ranking suggests that a token has a good standing in the market especially for a relatively young or beginning cryptocurrency. The total supply of NEIRO is limited to 1 billion, and, unlike some other coins, all the coins are in circulation. This means that there is no injection of new GPH coins into the circulating supply, and is as such devoid of the problem of supply inflation that tends to devalue most cryptocurrencies. This fixed supply dynamic makes NEIRO especially appealing to those investors who like scarcity as one of the integral components when it comes to creating demand.
The trading volume of NEIRO for the last 24 hours is a healthy $23 billion. Global trading turnover is $ 5 million, making it rank 151 st in the list. This high volume mean that there is a lot of traffic and activity in the NEIRO which clearly mean that many people are willing to trade it in the market. Its volume to market cap ratio is 17. The fact that $16% further supports this argument as it means that a significant percentage of NEIRO’s market capitalisation is being traded today within such short periods. This high level of trading activity may also show great confidence from the investors in the token and an increase in the community of NEIRO.
Another interesting metric is NEIRO’s fully diluted market capitalisation which is nearly the same as the current MC at $135. 46 million. That means the market has already priced in NEIRO coins for sale in the market since the total and circulating supplies are one and the same. This means that given and estimated supply chain is favorable to investors because it breaks the often associated insecurity that future dilution may bring.
The recent 3. A 28% increase in the price may not look very wild, especially if considered individually; however, the same looks much more impressive when discussed within the framework of the existing market conditions. Taking into account the positive changes in the rates, it can be stated that NEIRO is constantly expanding and has a potential to increase. 65% monthly, the effectiveness of filtering out low-quality ads, as well as the behaviour of supply and demand during the given period. 52% in the last 24 hours, suggest increasing attention towards it and can itself mark a possibility of future volatility.
NEIRO with a total fixed supply, growing market capitalization rate, and trading volume, is characterized by a promising fundamental and growing popularity in the market. From the recent performance of it, it may be one of the potential cryptos that depict higher growth profile in the future that can be benefited by the investor. Nonetheless, as it is always the case with investments, especially as far as the crypto market is concerned, it is always good to do your homework and think carefully before investing your money.
