Neiro Ethereum (NEIRO) has seen its price soar nearly 10%, driven by a recent partnership with market maker DWF Labs. This collaboration has sparked excitement among investors and traders alike, resulting in increased market activity.
Partnership with DWF Labs Boosts Investor Sentiment
On October 18, Neiro Ethereum announced its partnership with DWF Labs, a leading Web3 investor and market maker. The announcement quickly gained traction within the crypto community. In a post on X, Neiro stated, “We are thrilled to partner with DWF Labs.” The post emphasized their goal of enhancing Neiro’s market presence, fostering growth, and expanding their community.
Market participants responded positively to this news, with intraday trading volume for NEIRO surging by approximately 17%. However, traders are eagerly awaiting more details about the partnership, which are yet to be disclosed.
NEIRO Price Gains and Market Activity
As of now, NEIRO is trading at $0.09835, reflecting a nearly 10% increase in the past 24 hours. The token’s intraday low and high were $0.08216 and $0.1026, respectively. This price movement, combined with a 17% surge in trading volume, has created a wave of optimism around the meme-themed token.
Moreover, Coinglass data shows a 9% rise in NEIRO’s futures open interest, reaching $81.47 million. The derivatives volume has also climbed by 13%, totaling $628.75 million. These figures indicate growing investor interest, further enhancing the positive outlook for NEIRO.
Bullish Trends in NEIRO’s Performance
Longer-term charts suggest that Neiro Ethereum is on an upward trajectory. The token has gained over 7% in the past week and has surged by 32% over the past month. This price increase aligns with broader gains across the meme coin sector, reflecting a general upward trend in crypto prices.
As market enthusiasts continue to monitor NEIRO, many are curious about its next moves following this significant partnership.
