A post from SlumDOGE Millionaire on X drew attention to what appears to be a potential collaboration for something significant within the meme coin ecosystem. The official Shiba Inu account on X, with over 3.7 million followers, recently followed Neiro Ethereum (NEIRO), a new meme coin launched about three weeks ago.
This action has been interpreted as clear support for NEIRO, which SlumDOGE sees as the new DOGE and the new Shiba Inu dog on Ethereum.
The official @Shibtoken main twitter account just followed $NEIRO The official $SHIB twitter account has almost 4 million followers and it’s clearing showing support for the new Doge, the new Shiba Inu dog on ETH. Big things coming… pic.twitter.com/DxhZk2t8NH
— SlumDOGE Millionaire (@ProTheDoge) August 15, 2024
NEIRO Technical and Onchain Metrics Seeing Positive Figures
The endorsement from the established Shiba Inu community has injected positive sentiment into the NEIRO Ethereum ecosystem. The price action is in the green, with the RSI reading 34 on the 4-hour timeframe, indicating that the price is approaching an oversold zone and suggesting potential gains. The price is already up by 3%.
Although NEIRO is a new meme coin, data from CoinMarketCap shows it has already reached a market cap of over 200 million (up 3% in the last 24 hours), with its 24-hour trading volume increasing by more than 170% in the same period.
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These rising figures demonstrate continued interest in the token, likely bolstered by support from the Shiba Inu community. The meme coin community will surely be on the lookout for signs and results that could emerge from this endorsement by Shiba Inu, as it could signal great things to come for the NEIRO community.
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