The crypto market is open and not subject to any regulations or government agency when launching a new project or cryptocurrency.
This has made many people imitate leading and large projects and choose similar or sometimes the same names, with the only difference being liquidity and community adoption.
Recently, in an unexpected move, Binance listed two different versions of the NEIRO cryptocurrency, one in the futures market and the other in the spot market.
It is worth noting that there are more than 20 versions of the NEIRO coin, most of which are based on Ethereum and Solana.
This surprise choice by Binance has caused some confusion, as it listed an unexpected version of NEIRO, causing the price of the selected listed token to rise and the price of the Ethereum-based NEIRO to fall.
The newly listed NEIRO token on Binance has seen a significant surge in its value on Uniswap and on the Binance platform, rising from $0.000039 to $0.00039.
The number of holders of this currency also increased by 12% to reach 11,386.
In contrast, the market cap of the original Ethereum-based NEIRO was affected, with the coin’s price dropping from $0.13 to $0.08.
The latest move by Binance has the crypto community up in arms and criticizing the move as Binance has directed liquidity and interest around a small project already controlled by a few whales.
Despite the ambition for the NEIRO digital currency to become one of the best meme coins, such as Shiba Inu and Floki, the large number of NEIRO versions and the difficulty of determining the most liquid version negatively affected the possibility of achieving this.
