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Cryptocurrency News Articles

Shiba Inu Surprises Crypto Community Members as Its Official X Account Follows a Popular Memecoin

Aug 15, 2024 at 03:09 pm

Several crypto enthusiasts have called attention to the recent activity surrounding Shiba Inu's official X handle @shibtoken.

Shiba Inu Surprises Crypto Community Members as Its Official X Account Follows a Popular Memecoin

Shiba Inu’s recent activity on X has sparked attention within the crypto community. A X user, Mark, highlighted Shiba Inu’s addition of Neiro Ethereum (NEIRO) to its list of followed accounts, now totaling 25.

According to Mark, this move signifies an endorsement from the Shiba Inu ecosystem. Among the memecoins followed by SHIB, NEIRO stands out as the third-largest project in the ecosystem. Its inclusion in SHIB’s following lineup further solidifies its acceptance within the community.

"Expecting long-term support from them – (don't think they'd follow otherwise)," Mark noted, sharing evidence of the development.

A NEIRO whale, known as "MoneyLord," also confirmed the news. Expressing enthusiasm, MoneyLord noted that Shiba Inu followed NEIRO and posted about the project.

"HIGHERR," the user added, suggesting that the action could pave the way for a surge in NEIRO's price.

A glance at SHIB's X profile shows that Neiro Ethereum is indeed among the 25 accounts followed by Shiba Inu. Interestingly, Shiba Inu gave a special shout-out to the project, referring to it as a "cute doggo."

It's worth noting that Shiba Inu recently spotlighted NEIRO in the latest edition of The Shib Magazine. In a sponsored article titled "Inside the Neiro Phenomenon: The Shiba Inu Sibling That Surprised the Crypto World," the ecosystem team provided an in-depth analysis of the catalysts behind NEIRO's price surge.

In the article, Shiba Inu acknowledged NEIRO's rise to prominence shortly after its launch. Among the key milestones highlighted were NEIRO's market cap hitting $220 million and a price surge of 1,506.35% during a period of broader market downturns.

Meanwhile, several crypto proponents have identified NEIRO as one memecoin that could replicate the success of Shiba Inu and Dogecoin in this bull run.

So far, NEIRO has lived up to expectations, surging 2,160% in nine days to an all-time high of $0.2986. Currently priced at $0.2163 per token, NEIRO is up 2.68% over the past 24 hours. Ranked as the 221st biggest token, NEIRO boasts a market capitalization of $217.3 million.

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