A new Ethereum-based meme coin, dubbed “the official sister of Dogecoin,” has seen over a 700% surge in just one day, propelling its market cap from $15 million to $146 million, while trading volumes soared from $8 million to over $220 million.
Known as First Neiro on Ethereum, this meme coin has skyrocketed nearly 8,200% over the past six months since its launch.
To put this into perspective, a $1,000 investment made six months ago would now be worth $83,000. This remarkable rise has outpaced nearly all other digital assets in the market, with early investors reaping significant profits.
The recent surge was triggered by Binance’s announcement of its listing of the First Neiro token. This development led to a rush of new investors eager to acquire the token, resulting in a dramatic increase in buying volume and a triple-digit price spike within 24 hours.
Despite its recent success, First Neiro on Ethereum faces a challenging future. Meme coins, including Dogecoin, are often driven by hype, and their performance can be highly volatile. Therefore, as the excitement fades, these coins may experience significant price corrections, potentially taking months or years for investors to recover their investments.
In addition to First Neiro, Binance has also listed two new meme coins: Turbo and 1M Baby DOGE, further fueling the meme coin frenzy.
It is worth noting that Neiro is a blockchain initiative positioned as the “sister” of Dogecoin, aiming to enhance the meme coin ecosystem. It merges the fun aspects of meme culture with functional blockchain features, emphasizing community-driven growth through decentralized governance, staking, and active user participation.
Inspired by Dogecoin’s whimsical nature, Neiro seeks to establish its own presence in the crypto world by blending entertainment with practical blockchain applications.
With a total supply of 1 billion tokens, Neiro fosters a community-focused approach with no buy-or-sell taxes and no team allocation. Promoted as a major opportunity, it draws comparisons to Dogecoin’s rapid ascent.
