---
title: "Moo Deng, Neiro, SPX6900 surge as fear and greed index hits 42"
url: https://diffcoin.com/moo-deng-neiro-spx6900-surge-as-fear-and-greed-index-hits-42/
description: "Moo Deng, Neiro, and SPX6900 tokens were some of the best performers as Bitcoin rose to $63k and as the crypto fear and greed index rose"
published: 2024-10-07
updated: 2024-10-07
author: "Mila"
site: "Diffcoin"
---

# Moo Deng, Neiro, SPX6900 surge as fear and greed index hits 42

It was a sea of green in the cryptocurrency industry as Bitcoin rose for two consecutive days, and the fear and greed index exited the fear zone.

## Moo Deng, Neiro, SPX6900 led the crypto comeback

Meme coins were some of the best-performing assets. Moo Deng (MOODENG), the new hippo-themed token, doubled, with its market cap rising to over $35 million.

Neiro (NEIRO), another popular meme coin, jumped by 51.6% and reached an all-time high of $0.0015. Its market cap rose to over $621 million, making it more valuable than many well-known U.S. public companies like Beyond Meat, GoPro, and Spirit Airlines.

The SPX6900 (SPX), which aims to be a better version of the S&P 500 index, rose by 46%, continuing the gains made last week. It has increased by over 46% in the last 24 hours, giving it a market cap of over $373 million.

> dimethyltryptamine.eth spent 15.6 [$ETH](https://twitter.com/search?q=%24ETH&src=ctag&ref_src=twsrc%5Etfw)($47K) to buy 3.64M [$SPX](https://twitter.com/search?q=%24SPX&src=ctag&ref_src=twsrc%5Etfw) 90 days ago, now worth $1.27M, a 26x return in just 3 months!
> 
> dimethyltryptamine.eth is a legend!
> 
> He spent only 0.125 [$ETH](https://twitter.com/search?q=%24ETH&src=ctag&ref_src=twsrc%5Etfw)($251) to buy 5.9T [$PEPE](https://twitter.com/search?q=%24PEPE&src=ctag&ref_src=twsrc%5Etfw)($100M at peak) and sold 3.94T [$PEPE](https://twitter.com/search?q=%24PEPE&src=ctag&ref_src=twsrc%5Etfw) for 2,614 [$ETH](https://twitter.com/search?q=%24ETH&src=ctag&ref_src=twsrc%5Etfw)($5M), leaving… [pic.twitter.com/6PsrrckIC9](https://t.co/6PsrrckIC9)
> 
> — Lookonchain (@lookonchain) [October 7, 2024](https://twitter.com/lookonchain/status/1843254268020859361?ref_src=twsrc%5Etfw)

This price action happened as investors embraced a risk-on sentiment after last week’s strong US nonfarm payrolls data and as China unveiled more stimulus. As a result, global stocks also bounced back, with Japan’s Nikkei 225 and Hong Kong’s Hang Seng rising by over 2%.

## Crypto fear and greed index rises

Meanwhile, the crypto fear and greed index exited the fear region, rising to a weekly high of 42. In most cases, cryptocurrencies perform well when investors are no longer fearful.

The rebound also followed some positive news in the crypto industry. Metaplanet, a Japanese company, has continued to accumulate accumulate Bitcoins (BTC) as it seeks to replicate MicroStrategy’s success. MicroStrategy, which has accumulated over 252,000 coins worth $15.8 billion, has a market cap of over $33 billion, giving it a high premium.

Additional data showed that the number of Bitcoin addresses holding over $1 million in Bitcoin has continued to rise. This is a sign of significant demand for the coin despite its recent performance.

Donald Trump is also a factor in the ongoing comeback after he held a campaign rally with Elon Musk. Polymarket data shows that he has increased his lead against Kamala Harris, currently modeling a 51% chance of winning the upcoming presidential election.

Trump is seen as a better candidate for the crypto industry because he has vowed to appoint crypto-friendly officials. He is also a key participant in the industry through his World Liberty Financial project. Data from Arkham shows that he holds cryptocurrencies worth over $6.5 million.

[Source link](https://crypto.news/moo-deng-neiro-spx6900-surge-as-fear-and-greed-index-hits-42/)