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Cryptocurrency News Articles
First Neiro On Ethereum Emerges as the Latest Meme Coin Sensation
Sep 18, 2024 at 11:55 pm
First Neiro On Ethereum has emerged as the latest meme coin sensation, following its unexpected spot listing on Binance.
First Neiro On Ethereum has emerged as the latest meme coin sensation, following its unexpected spot listing on Binance.
Binance Will List @neiroethcto $NEIRO, @TurboToadToken $TURBO and @BabyDogeCoin $BABYDOGE with Seed Tag Applied.Read more 👉 https://t.co/cwaNCfaAS7
pic.twitter.com/7gvibLZYQ0
Binance Futures also launched NEIRO Perpetual Contracts just hours later.
Unsurprisingly, the First Neiro On Ethereum price soared following the Binance listings. Starting with a low valuation of just $14 million, the meme coin has already recorded a 25x growth, currently trading at a market cap of just $350 million.
According to the expert price predictions, the NEIRO price is still undervalued and has a strong potential for substantial growth, despite a few dips along the way due to profit-taking.
Meanwhile, whales are also eyeing Pepe Unchained (PEPU), another low-cap meme coin which could secure top-tier exchange listings and offer substantial returns.
NEIRO Price Prediction – How High Can It Go In 2024?
First Neiro On Ethereum is easily one of the most attractive buys in the meme coin space.
After all, Binance listings are often game-changers for meme projects, with over $14 billion trading volume on the exchange’s spot market and over $50 billion volume on its Futures platform.
In fact, Binance co-founder Yi He has also praised First Neiro on Ethereum while defending the exchange’s decision to snub Neiro Ethereum.
Great article by @binance cofounder @heyibinance.Regarding our recent listing she writes:"In the dispute between big and small neiro, it is also because of the criticism from the community that we are more reflecting on what is a good MEME. If the essence of the MEME…
For the uninitiated, First Neiro On Ethereum was a relatively unknown project until the Binance listing. On the contrary, a similar project Neiro Ethereum was making headlines, reaching an all-time high valuation of $270 million and even securing a Binance Futures listing.
However, the Binance co-founder explained that the decision to list First Neiro On Ethereum was made after “reflecting on what is a good MEME”. While hinting that Neiro Ethereum is a highly-concentrated bubble and a potential Ponzi scheme, she claimed that the new NEIRO – First Neiro On Ethereum – is a decentralized meme coin with a low fully diluted valuation.
Such commendations from the Binance co-founder are rare, especially for a new meme coin.
Meanwhile, Tron co-founder Justin Sun has also praised the project.
To the Sun! https://t.co/e02rzVqEiy
Notably, NEIRO’s narrative also separates it from other top meme coins. For the uninitiated, Neiro is the new Shiba Inu dog adopted by @kabosumama after Kabosu – the original dog behind Dogecoin – died.
Consequently, First Neiro On Ethereum is receiving tremendous support from the Dogecoin community.
Considering the explosive growth in the NEIRO price, a few dips are to be expected in the coming weeks. For instance, the meme coin is already down 7% from its all-time high today.
However, the NEIRO price predictions from experts believe that the project is still highly undervalued. In fact, a growing number of analysts believe that the project is headed to over $1 billion market capitalization in the coming crypto bull run.
$NEIRO is backed by Binance & price action has been great so far. I can see it at 1B MC and beyond easily https://t.co/DPmgZblm3v
pic.twitter.com/eBT12a1582
Could Pepe Unchained Be The Next Neiro?
Binance’s listing of a low-cap meme coin has led to intense speculation on which project could potentially be next. Considering that Pepe Unchained (PEPU) is seeing one of the strong presale performances of 2024, it is no surprise that it is receiving considerable attention from whales.
A whale invested $200k in PEPU, while two others purchased $25k and $55k worth of the meme coin last week.
Behind such heavy whale investments, Pepe Unchained has raised over $13.5 million in presale funding.
$13.5M raised!Pepe is on a mission, and we’re just heating up🔥 pic.twitter.com/k1o6bykJwh
PEPU’s unique features have managed to separate it from other utility-less tokens. For instance, the project is set to launch a Layer-2 scaling solution, specifically for meme coin trading.
Besides the low trading costs and instant transactions, users could
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