Meme coin Neiro has increased by over 50% within the last 24 hours, reaching a new all-time high. Data from CoinGecko indicates that Neiro’s price peaked at $0.00149 before stabilizing at $0.001439, while its market capitalization now stands at $600 million.
This recent performance positions Neiro among the prominent players in the current meme coin surge.
Impressive market performance
Neiro has traded from $0.0009749 to $0.001494 in the past day. Over the last month, the token has skyrocketed by more than 1700%, a remarkable achievement for an asset launched only on July 28, 2024. Neiro has effectively eliminated four zeros from its all-time low of $0.0000002438 on August 1, 2024. The token has surged by 59004.5% in just two months from its lowest point.
$Neiro (@neiroethcto ) surged by 51.2% today to $0.00146, hitting a new all-time high of $0.00149 earlier today. pic.twitter.com/7rV80C1f0F
— CoinGecko (@coingecko) October 7, 2024
Neiro has capitalized on the recent trend of meme coins, which have garnered considerable attention and investment. The meme coin market capitalization currently exceeds $54 billion, showing a recent increase of over 7%. The upward trajectory of meme coins, particularly those themed around animals, has been evident, with several coins achieving double- to triple-digit growth over short periods.
Community and charitable focus
Neiro’s branding is heavily influenced by a Shiba Inu dog named Neiro, owned by Atsuko Sato, the previous owner of the famous Kabosu. The project markets itself as a community-driven initiative committed to charitable endeavors. Its guiding principle, “doing only good every day,” emphasizes its focus on positive impact and community engagement.
We are the people's $Neiro, on the people's chain, @ethereum.And a little fun fact: @VitalikButerin is currently our largest holder. (4% of supply, ~$130k value as of the time of this post)
— Neiro (@neiroethcto) August 3, 2024
An exciting aspect of Neiro’s narrative involves Ethereum co-founder Vitalik Buterin. On August 3, 2024, Neiro announced that Buterin held 4% of its supply. However, this situation evolved quickly as Buterin sold all his tokens shortly after the announcement. Following this sale, the Neiro team appealed to Buterin on social media, requesting that he donate some of the proceeds to a stray dog shelter. In a subsequent tweet, Buterin confirmed that he had made a charity donation, stating his preference for direct allocations of coin holdings to charitable organizations rather than individual transactions.
Meme coin mania continues
Despite fluctuations in the broader altcoin market, meme coins continue to attract significant attention. Neiro’s recent surge places it among the top gainers, with SPX6900 (SPX) leading the charge in the top 500 cryptocurrencies by CoinMarketCap with a 62% increase. The impressive growth of various meme coins reflects the ongoing enthusiasm in this segment of the cryptocurrency market.
As the landscape for cryptocurrencies evolves, the popularity of meme coins like Neiro highlights a unique trend that blends community engagement with speculative investment. With the potential for further growth, investors and enthusiasts closely monitor Neiro and similar projects in the meme coin arena.
The post Meme Coin Neiro Surges Over 50%, Achieves New All-Time High first appeared on Coinfea.
