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Earlier on Saturday, October 12, the cryptocurrency market witnessed a significant boom as First Neiro on Ethereum (NEIRO) recorded a 5000% increase to reach an all-time high of $0.0021. Although it outperformed all the broader crypto market experts say that there are signs of potential reversal that investors should take into account and proceed with caution. This unprecedented surge of First Neiro on Ethereum caught the imagination of crypto analysts and enthusiasts as the market opened on Monday. At present, NEIRO is trading at $0.002019 with a 7.9% increase in volume in the last 24 hours to reach $513.54M transaction volume. NEIRO is still maintaining its gains despite pulling back from its peak trading value. This comes at a time when major crypto assets like Ethereum and Bitcoin showed mixed signals in this volatile cryptocurrency market. Link First Neiro on Ethereum has capitalised on its exponential growth to be a top performer in its category as the trading volume of the token has grown significantly, which could be an indication of interest from institutional and retail investors. However, crypto experts are concerned about the sustainability of such rapid growth in the short term. As the Relative Strength Index (RSI) of the First Neiro on Ethereum stands at 74.65, well into overbought territory, there’s an indication that NEIRO is reaching a critical juncture in the crypto market. Usually, an above 70 RSI is indicative of an overvalued crypto asset which needs correction. It’s in line with the historical patterns seen in such rapid price movements in the crypto space. Moreover, NEIRO’s Chaikin Money Flow (CMF) is at -0.01, which shows a negative metric towards increased selling activity in the face of more buying and selling pressure. This could be an indicator that crypto investors are indulging in profit-taking while the market remains balanced. The most telling sign is NEIRO reaching an all-time high of $209 million, which is a 186% increase over the previous month. DeFi data aggregator DeFi Llama confirms this upward trend as the total value locked (TVL) in NEIRO protocols showed a sharp spike. This open interest can mean strong market confidence along with overbought indicators, but it also might be because of an overheated market prone to sharp corrections. This surge in First Neiro on Ethereum is not an isolated incident, as the broader DeFi sector has also seen renewed interest in recent weeks, with significant price appreciation observed across several projects. All of this comes at a time when the Ethereum blockchain is preparing for upgrades, which is probably behind this investor-led optimism in Ethereum tokens. The coming few days, especially this week, will be critical for First Neiro on Ethereum as there are possible chances of retracement to $0.00085 trading value if the selling pressure intensifies. However, the ongoing momentum can also push NEIRO to go beyond its present all-time high.

Artificial intelligence-focused cryptocurrencies led a market rally on Monday. Altcoins outperformed Bitcoin, the largest cryptocurrency by market capitalization. They were the top performers in the CoinDesk 20 Index. The index, a broad market benchmark, rose 1.5% during the same period. And the AI tokens were surging all the way. Near and Render, two AI-related tokens, posted gains of 18-20% over 24 hours. Bittensor, a decentralized machine learning protocol, saw its token climb 17%. Livepeer also made significant gains. Barry Silbert, CEO of Digital Currency Group, called it an "under the radar crypto AI play" on social media. Celestia, a blockchain data availability project, saw its token rise 12%. This followed news of a $100 million investment in its ecosystem development organization. The investment was led by Bain Capital Crypto. Democratic nominee Kamala Harris reportedly expressed support for innovative technologies at a fundraiser event. She mentioned AI and digital assets specifically. This may have contributed to positive sentiment in the crypto market. Meanwhile, Bitcoin struggled to reclaim the key 200-day moving average. It hovered just below $64,000, up less than 1%. Ethereum showed relative strength, it posted a 3.5% return over the same period. Traditional markets also showed strength. Gold hit new record prices, while stocks continued to rise following the Federal Reserve's interest rate cut - the Fed lowered rates by 50 basis points on Wednesday. Chicago Fed President Austan Goolsbee suggested more cuts may follow. "Over the next 12 months, we have a long way to come down to get the interest rate to something like neutral," Goolsbee said. The Fed's projections indicate a neutral rate close to 3%. This turn of events may lead to a further strengthening of the market.

Tron, a smart contracts platform, is carving out a unique niche in the blockchain space. An analyst argues it could be one of the most important layer-1 networks. The platform now functions primarily as a transactional layer, similar to Bitcoin. Tron's evolution has been noteworthy. Initially known for hosting gaming dapps, it has shifted focus. Michael Nadeau, founder of The DeFi Report, posting on X, claims Tron now plays a crucial role in banking the unbanked in developing economies. The platform has prioritized processing trustless peer-to-peer (P2P) transactions. This approach diverges from competitors like Solana, Avalanche, and Ethereum. These platforms focus on trading and DeFi. Tron's strategy has yielded results. It now leads in stablecoin transfers and international remittance, especially in emerging markets. The platform dominates USDT transfers. TronScan data from September 18 shows over $61 billion USDT held on Tron. The nature of Tron's transactions sets it apart. Artemis data reveals a stark contrast with other networks. On Ethereum, its layer-2s, Solana, and other layer-1 networks, most stablecoin transactions stem from trading. Tron's stablecoin transfers are primarily P2P. The numbers are striking. Only 5% of stablecoin transfers on Tron over the past year were attributed to MEV bots on exchanges. This means approximately 95% of Tron's USDT and stablecoin transfers were genuine P2P transactions. The scale of Tron's stablecoin activity is significant. As of mid-September 2024, its stablecoin volume exceeds $3.3 trillion. This volume dwarfs that of many competitors. Solana provides a clear contrast. Most of its stablecoin volumes result from trading activities. This difference highlights the distinct use cases and business models of each platform. Tron is not resting on its laurels. Last week, it partnered with Tether and TRM Labs. They formed the T3 Financial Crime Unit. This initiative aims to combat financial crime on the network. The analyst's assessment suggests Tron's model may be more sustainable than some competitors. Its focus on real-world transactions, rather than speculative trading, could provide a stable foundation for growth. As the crypto landscape evolves, Tron's unique approach may position it well for the future.

Fantom (FTM) has seen a remarkable price surge of 40% over the past month. The cryptocurrency reached $0.51 on September 16, marking a significant rebound since August 6. What is going on? Data shows FTM climbed from $0.26 on August 5 to an intraday high of $0.53 on September 16. That's a whopping 103% increase. This performance is striking when compared to major cryptocurrencies: Bitcoin dropped 4% in the same period, Ethereum fell by 12.6%. The total crypto market cap shrank by 2.5% to $2.02 trillion. FTM's rally has made it one of the top gainers among the top 100 cryptocurrencies by market cap. Crypto trader "Mister Crypto" attributes this to "a lot of development behind the scenes." The upcoming Sonic upgrade is the biggest buzz, as it is set to supercharge Fantom's network performance. The upgrade introduces a new Fantom Virtual Machine, an optimized consensus mechanism, and improved storage. Sonic's launch is planned for late 2024. It aims to boost transaction speed from 30 to over 2,000 per second. Finality time will drop to about one second, and that's a game-changer for the network. The upgrade will also slash storage needs by up to 90%. This makes node operation cheaper and more accessible. But what's even more important it's fully compatible with existing Ethereum tools and contracts too. Despite the price pump, Fantom's DeFi ecosystem is still in recovery mode. Total value locked (TVL) stands at $86.5 million, that's a far cry from its $7.93 billion peak in March 2022. But there are signs of life, as TVL has grown 22% since August 8. Daily active addresses have jumped 67% this month, from 203 to 346. Technically, FTM is flirting with a bullish pattern. It's trading just below the neckline of an inverse head-and-shoulders formation. A breakout could target $0.81, a 56% upside from current levels.

Two unlikely crypto contenders are turning heads in the market. Analysts are hyping up Sui and Mpeppe for potential triple-digit gains, Bitcoinist points out. Sui, a Layer-1 blockchain, is making waves with its recent upgrades. It's slashed transaction times to a mere 390 milliseconds. That's lightning-fast in the crypto world. Mpeppe, on the other hand, is killing it in the casino ICO space. It's already sold 80% of its presale tokens. Investors are chomping at the bit for more. The numbers being thrown around are eye-watering. Analysts predict a 300% rally for both tokens by 2024. But that's not all. They're forecasting a whopping 500% increase by 2025. Sui is currently trading between $0.731 and $1.171, experts reckon it's on the verge of a breakout. If it pushes past $1.171, we could see a quick 37% jump. Mpeppe has become a real surprise in the gambling world. It's leveraging blockchain tech to shake up online casinos. Some optimistic souls are even talking about 150x gains post-launch. The bullish sentiment isn't just hot air. Both projects have solid fundamentals backing them up. Sui's tech advancements are no joke. Mpeppe's focus on the booming gambling industry is smart. For investors, it's a tempting combo. Sui offers blockchain innovation, Mpeppe brings the excitement of casino gaming. Together, they're a potent mix. But let's keep it real. Crypto is volatile, and these predictions are ambitious. There's always risk involved. Do your homework before jumping in. That said, the potential is undeniable. If you're looking to spice up your portfolio, Sui and Mpeppe might be worth a punt. Just don't bet the farm on it.