Leading Exchange Calls Shiba Inu, Dogecoin, and Neiro ‘Ultimate Crypto Trio’
LBank, a leading crypto exchange, has recently heaped praises on Shiba Inu (SHIB), Dogecoin (DOGE), and Neiro Ethereum (NEIRO), describing them as the ultimate crypto trio. This disclosure, made yesterday, has intrigued the cryptocurrency community. According to an X post, LBank asked its followers whether these three could champion the resurgence of the memecoin market.
Can NEIRO Replicate SHIB and DOGE Rally This Season?
LBank’s characterization of SHIB, DOGE, and NEIRO as the ultimate crypto trio is significant for the Neiro project, especially given its newer presence compared to SHIB and DOGE. NEIRO has been making waves since its launch on July 27, 2024.
The growing interest in Neiro Ethereum stems from its remarkable surge from a modest price to $0.21 within a few days. Following this incredible surge, several market watchers have tipped NEIRO to become this bull cycle’s Shiba Inu and Dogecoin.
It is well-known that Dogecoin and Shiba Inu recorded substantial price increases during the 2020/2021 bull cycle. For example, the team behind the Shiba Inu ecosystem highlighted that SHIB’s price surged 150,000,000% just over a year after its launch on August 1, 2020. Similarly, DOGE experienced a remarkable rally, surging 9,884% between January and May 2021.
Interestingly, NEIRO shows signs that it could replicate these feats in the 2024/2025 bull cycle. The Neiro team adopted a similar marketing tactic used by Shiba Inu in 2021 by gifting Ethereum’s co-founder Vitalik Buterin 4.08% of NEIRO’s total supply, roughly 17.15 billion tokens.
However, shortly after receiving the tokens, Buterin sold them for 44.53 ETH, worth $112,448 on August 4. This resulted in a sharp dip in NEIRO’s price. Additionally, the massive crypto downturn witnessed on August 5 also had a bearish impact on NEIRO’s price action.
Nonetheless, NEIRO rebounded immediately after the volatility, with analysts projecting that the token could hit $0.50 soon.
Investors Bullish on NEIRO
Meanwhile, LunarCrush recently spotlighted NEIRO’s social and trading metrics, emphasizing that the token has registered a new all-time high at $0.2187. Interestingly, NEIRO surpassed this record today, with its ATH currently standing at $0.2531.
Following its remarkable surge, LunarCrush indicated that 83% of all posts relating to NEIRO have been bullish. The accompanying image shows that NEIRO’s sentiment has increased by 15.3%, while its social dominance has risen by 18.8% over the past week.
Additionally, the number of posts created for the token has increased by 118.7%, with interactions spiking by 244.9% within this timeframe.
$NEIRO may be a brand new crypto asset but… price just hit a new ATH… sentiment just hit an ATH with 83% of all social posts being positive/bullish.
Disclaimer: This content is informational and should not be considered financial advice. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
