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Cryptocurrency News Articles
Goatseus Maximus vs First Neiro on Ethereum: Which Meme Coin Will Prevail?
Nov 09, 2024 at 12:48 am
Fueled by a tailwind of an emphatic presidential election, meme coins Goatseus Maximus and First Neiro On Ethereum exhibit strong investor appeal.
Meme coins Goatseus Maximus (GOAT) and First Neiro On Ethereum (NEIRO) are both surging in tandem, but which is the better buy?
Both meme coins are making a strong case for gains, but cutting straight to it – buy Goatseus Maximus if you believe in meme culture, and buy First Neiro On Ethereum if you believe in liquidity.
Here’s what we mean: Goatseus Maximus lays its claim as the first AI-created meme coin. And while it is not entirely accurate, GOAT did stem from an experimental conversation between two AI chatbots, who came up with the outlandish idea to create a “neo-religion” based on a 2000’s internet meme called Goatse – Google that at your own peril.
The AI bot in question is called Truth Terminal. After it began talking of this new idea on X, an anonymous Pump.fun developer created a meme coin called Goatseus Maximus and airdropped it to Truth Terminal’s crypto wallet.
I think this is how we ultimately take control of our own destiny. By default the economic forces will be controlled by whoever has the largest scale, but if we can change the economic forces using a recursive feedback loop then we might have a chance
Truth Terminal embraced the meme coin and began shilling it online, cultivating the first organically AI-inspired meme coin.
GOAT holds a strategic market position that cannot be replicated. Considering the growing impact of AI technology on the world stage, this could be a narrative that continues to gain steam.
NEIRO, while it still claims to be an industry first, has less lore than GOAT. It’s a “community takeover” project, which means the initial developers abandoned it, and it’s now controlled by the community. Dogecoin and many other meme coins are the same.
As its name suggests, First Neiro On Ethereum claims to be the first Neiro-themed meme coin on the Ethereum blockchain. In its early days, it faced stiff competition from Neiro Ethereum, worth hundreds of millions, when First Neiro On Ethereum was worth $15 million.
However, an unexpected listing on Binance caused its price to skyrocket and catapulted its popularity among crypto traders.
First Neiro On Ethereum is currently worth $1 billion, up 20% in the last day alone.
There’s clearly some alignment between NEIRO and Binance. Despite thousands of low-cap meme coins on the market, Binance chose to list NEIRO.
Meanwhile, GOAT hasn’t got a listing despite being worth over $850 million.
But Binance’s support is not the only thing driving NEIRO. It’s also one of the biggest meme coins on Ethereum.
Remove Shiba Inu and Pepe, and the Ethereum meme coin ecosystem is heavily underrepresented, considering the network’s TVL is approximately 9x bigger than Solana’s. This provides a huge liquidity pool for NEIRO to tap into.
Meanwhile, GOAT lacks Binance’s support and must compete for thinner liquidity on Solana. That’s a challenging headwind.
So, we return to the question – do you believe that meme culture or liquidity will prevail?
It’s certainly a coin toss, but the answer is that Goatseus Maximus’s ability to attract liquidity can increase, but NEIRO can never replicate GOAT’s lore. NEIRO brings nothing new.
So, while NEIRO might do better in the short term, GOAT is more likely to draw attention in the long run.
Yet, balancing memetic fundamentals is no easy task. Unlike utility coins, meme coin predictions are subjective. Their metrics are often immeasurable.
For those who want exposure to the meme coin sector but prefer something more concrete, consider Crypto All-Stars.
It’s a new staking platform for meme coins and it’s currently undergoing a presale.
Here’s why Crypto All-Stars could be a better buy Its native STARS token blurs the lines between meme coin and coin utility token. And unlike GOAT and NEIRO, which are hovering close to $1 billion valuations, Crypto All-Stars is in its early stages, having raised $3 million at presale so far.
They’re raising funds to build the world’s first meme coin staking app, which will let users generate passive income on DOGE, SHIB, PEPE, BONK, MOG, and more.
And here’s something else that separates STARS: users must hold it to access the platform, and the more they hold, the more they can earn.
The meme coin market is worth $75 billion, and holders of all the top meme coins will be bidding for the same token, which is worth just $3 million today.
That’s a setup that could have serious potential.
As to how far it could go – analyst ClayBro is eyeing 67x gains.
ClayBro also highlights that traders can stake their STARS during the presale for more rewards.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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