The Donald Trump US election-led crypto market bullish run is causing NEIRO and ONDO to surge again with the former ending up in the top-performing meme coins list last week.
ONDO has been experiencing significant price volatility in recent months with its total value locked (TVL) reaching a new all-time high in September. The project’s TVL rose to $618.32 million in September from $537.13 million in August.
The spike in TVL caused the token's value to skyrocket by 22.06% reaching $0.8087 in October from $0.6625 on September 22.
However, the price plummeted to $0.6469 on October 10, decreasing 20.01%. Crypto analysts dismissed the downward movement as a temporary problem emerging from price correction, predicting that ONDO will surge to $3.41 in 2025. The coin was expected to rise to $0.73 which it successfully did in the run-up to the US election.
Neiro or First Neiro on Ethereum has had a more successful year than ONDO with its recent double-digit gain last week. For a meme coin with a limited supply of 420 billion tokens and a market cap of $832 million, Neiro has done fairly well by surging 48.21% during the US election week. All this is due to increased interest in NEIRO from crypto whales and institutional investors.
A similar spike in investors’ interest resulted in the 10-day bullish run where NEIRO reached $0.00185994 on October 10 from $0.00112165 on October 1, a 66% price rise. In mid-October, Neiro’s price gain amounted to 13% as it traded at $0.00210233.
This period of surge caused the token’s trading volume to increase by 70.89% to reach $600 million on October 15 from $351 million on October 1.
The recent Trump win-related rally to $0.002193 on Friday and the previous surge has made analysts believe in the future of NEIRO with many forecasting further bullish runs this week. Some analysts have even predicted that the meme coin might cross the $0.01000 mark as it enters 2025.
As of November 11, ONDO is up close to 7% as it trades at $0.898 with a 70.85% increase in its trading volume which stands at $533.98 million while its market cap is at $1.25 billion. Meanwhile, NEIRO is trading at $0.002384, down 12% in the last 24 hours despite a 26% spike in its trading volume which stands at $1.26 billion and its market cap is at $1 billion.