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Key Points
Neiro is a dog-themed meme coin inspired by the real-life Shiba Inu. After the famous Dogecoin Shiba Inu Kabosu passed away in May 2024, his owner Atsuko Sato adopted Neiro.
Neiro’s adoption triggered a new wave of market enthusiasm and gave rise to a number of meme coins with the same name.
In this article, we will look at various Neiro projects and focus on the Neiro token with the highest market cap, First Neiro on Ethereum (or Neiro CTO).
The origin of Neiro
In May 2024, Kabosu, the famous mascot of Dogecoin, passed away at the age of 17, marking the end of an era. A few months later, Kabosu’s owner adopted a new Shiba Inu named Neiro. This triggered a new wave of memecoin craze, resulting in the emergence of many Neiro-themed tokens on Solana and Ethereum.
Among them, the most notable projects include two Solana projects and two Ethereum projects. First, we will introduce the first Neiro token deployed on Ethereum, which currently leads the market capitalization; then we will introduce the earliest Neiro token created and focus on analyzing the basic differences between the four Neiro projects.
First Neiro on Ethereum (Neiro CTO)
First Neiro on Ethereum, also known as Neiro CTO (short for community takeover), is the largest Neiro project by market cap. Neiro CTO is part of the overall memecoin phenomenon, where tokens like Dogecoin and Shiba Inu frequently make headlines.
Most memecoins started out as jokes, but some have grown rapidly due to virality and community trends on social media platforms. Like Dogecoin and other dog-themed tokens, Neiro does not promise to revolutionize the financial world, but instead focuses on building a strong community and driving user engagement through humor and social media buzz.
Nonetheless, traders and investors should remain cautious. Memecoins are known to be extremely volatile, and their prices can rise and fall dramatically depending on community sentiment.
When was Neiro CTO created?
Neiro CTO deployed on July 27 at 21:14 (UTC). This is the first Neiro project deployed on the Ethereum network.
Which Neiro memecoin was launched first?
If you look at the smart contracts for the four Neiro tokens on a blockchain explorer like Etherscan or Solscan, you’ll see that they were all deployed at different times on July 27, 2024, two on Solana and two on Ethereum.
First to launch were two Solana-based memecoins. Soon, the Ethereum-based Neiro project joined the fray. Despite being first to market, the two Solana projects currently have a lower market cap than their Ethereum counterparts.
While the exact reasons are unclear, some believe that the differences in market demand and adoption are caused by the different ways each project launches and distributes its Neiro tokens, with some projects potentially being more centralized than others.
Where can I trade Neiro CTO?
You can buy and sell Neiro CTO on the Binance Spot market. At the time of writing, supported trading pairs include NEIRO/USDT, NEIRO/FDUSD, and NEIRO/TRY.
How will Neiro develop in the future?
Despite Neiro CTO's phenomenal growth, the future remains uncertain. Memecoin prices are notoriously difficult to predict and can be extremely volatile. Like most memecoins, its success will largely rely on continued community support, market demand, and viral trends.
Conclusion
Based on the popularity of Dogecoin and the virality of the new Shiba Inu Neiro, the Neiro meme coin has now attracted widespread attention in the cryptocurrency world. Among the many projects, Neiro CTO stands out with the highest market value.
Dog-themed tokens are hot, but investors should still be cautious. If you are considering investing or trading Neiro, be sure to do so within your means and keep a close eye on community and market trends. The core of memecoins is always market sentiment, and Neiro is no exception.
Further reading
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