This Shiba Inu (SHIB) Rival Soars Nearly 2000% In A Week — Here's WhyTL;DR
NEIRO saw an impressive 110% daily price increase, pushing its market cap to over $350 million. The meme coin has gained popularity as “the heir to DOGE” and is now supposedly wholly owned by the community after initially being linked to Ethereum co-founder Vitalik Buterin. Going Vertical The cryptocurrency market is slightly in the green today (September 18), with numerous assets such as Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) seeing slight gains. Some of the top meme coins including Dogecoin (DOGE), dogwifhat (WIF), and Floki Inu (FLOKI) have seen similar increases, but there’s one that has stolen the show. Its name is Neiro (NEIRO), and its daily price increase is a whopping 110%. It is currently trading at around $0.0008397 (according to data from CoinGecko), which represents a staggering jump of over 1900% on a weekly basis.
The token’s market cap surpassed $350 million, making it the 13th largest in its category. NEIRO Price, Source: CoinGecko NEIRO’s impressive momentum was primarily driven by Binance, which listed the NEIRO/USDT pair earlier this month.
The platform also enabled services with Turbo (TURBO) and Baby Doge Coin (BABYDOGE). Their prices have skyrocketed in recent days, although not as substantially as NEIRO's. Another cryptocurrency platform that recently introduced support for the asset is LBank.
It opened deposits on September 18, while withdrawals will be available the following day. NEIRO’s progress caught the attention of several industry participants, some of whom predicted further price growth. User X TraderSZ predicted that its market cap could rise to $500 million soon, while Whale Satoshi wondered if Coinbase could become the next major cryptocurrency exchange to list the meme coin.
More about NEIROThe meme coin, built on the Ethereum blockchain, saw the light of day in early August. According to the team behind the project, NEIRO is “the heir to DOGE” and is adopted by “the same caring hands that cared for” the leading meme. “Neiro is like Doge’s little sister and the heir to his legacy.
Adopted by the same woman who once owned Kabosu (the dog behind the Doge meme), Neiro conveys the true spirit of meme coins and internet culture,” reads the information on the official website.An interesting fact about the project is that initially, the largest asset holder was Vitalik Buterin (the co-founder of Ethereum). Later, the 30-year-old computer programmer sold his money (which at the time was equivalent to about $130,000).
The team says that NEIRO is now fully community-owned and managed: “Neiro was originally abandoned by her owner and sent to a stray dog shelter for adoption. Neiro’s journey is not unlike ours: after we got beat up by the original developer, we decided to take over the project. Neiro is now 100% community-owned and managed.” $SHIB
