TL;DR
NEIRO, the viral meme coin is up by over 900% in the last month
Bitcoin Dogs’ 0DOG token lists on three exchanges this week, becoming one of the best cryptos to buy in August
Viral meme coin NEIRO is up by 924% over the last month, having rallied by 1,200% in just one week earlier in August while the wider market slumped.
This performance makes NEIRO one of the best cryptos to buy as August comes to an end, but it faces stiff competition from Bitcoin Dogs (0DOG), a new meme coin listing on multiple major exchanges this week after raising over $13.4 million in its presale.
Read on for an analysis of the prospects of both tokens and our verdict on which is the best crypto to buy in August 2024.
NEIRO Ethereum Price: 1,200% rally dazzles the market
The crypto market stalled somewhat earlier this month, but this proved no problem for NEIRO, with the token registering a face-melting pump amid the slump, and now sitting 924% above its July 21st price.
NEIRO takes its name from Neiro, the “little sister” of Kabosu—the famous dog that inspired the “doge” meme and Dogecoin, the world’s first ever meme coin. Neiro’s membership of the meme sector’s royal bloodline has proven too much to ignore, with the NEIRO crypto surging to a market cap of $135 million at press time.
NEIRO’s first month included a momentous 1,200% rally to an all-time high price of $0.29, and while price action cooled slightly in the aftermath, the token is still easily one of the best performing tokens this month, up by over 900% this month while Bitcoin, Ether, and other major coins struggle to even maintain current prices.
With analysts predicting a 30% rally in the next week and sustained rallies going on into 2025, NEIRO doesn’t appear to be going anywhere. However, with explosive growth already behind it and mainstream attention now locked on NEIRO, those looking for a rally to the tune of 1,200% may want to look elsewhere for a still undiscovered gem like Bitcoin Dogs.
Bitcoin Dogs: The best crypto to buy now?
Although relatively undiscovered and undervalued, Bitcoin Dogs already has some serious clout under its belt, meaning it has established investment potential and plenty of room to grow.
The 0DOG token broke records earlier this year as the first-ever ICO on the Bitcoin blockchain, using the BRC-20 protocol to issue the tokens. The presale raised a staggering $13.4 million in just 30 days in March as investors jumped at the chance to own a slice of blockchain history.
The token’s open market launch has been hotly awaited since then, and last week bulls went into a frenzy as 0DOG’s first exchange listings were confirmed. 0DOG lists on three exchanges at 11 a.m. UTC on 21st August: MEXC, Gate, and UniSat, which altogether boast a daily trade volume of over $3 billion.
The number and quality of these listings come as a huge stamp of approval for 0DOG, indicating that the market believes in the long-term prospects of the token, and prices could rocket from day one as a result. While Bitcoin Dogs garnered huge attention during its presale, these listings will expose the token to a wider audience than ever before.
NEIRO vs. 0DOG: Which should you buy?
While NEIRO has put up extremely impressive numbers in an otherwise struggling market, its best days may be behind it—and the best days of Bitcoin Dogs are just beginning.
Many tokens struggle to sustain rallies of ~1,000% after initial hype dies down, and NEIRO is unlikely to be an exception. On the other hand, Bitcoin Dogs will hit the market with a wall of anticipation behind it, buoyed by the legitimacy of three major listings at once—this is why Invezz are reporting that 0DOG could be the best meme coin to buy this August.
Bitcoin Dogs (0DOG) are available on MEXC, Gate, and UniSat from 11 a.m. on 21st August. Head to the official Bitcoin Dogs website to learn more.