The crypto group may be set to witness the beginning of the subsequent Dogecoin following a current announcement made by the beloved Kabosu’s proprietor. This has led to the launch of a number of meme cash, with one particularly trying well-primed to hitch the ‘billion-dollar’ membership.
Kabosu’s Proprietor Will get New Shiba Inu Canine
Kabosu’s proprietor (also called Kabosu Mama) introduced in an X (previously Twitter) submit that she had gotten a brand new Shiba Inu named “Neiro.” This instantly caught the crypto group’s consideration, contemplating that Kabosu, who handed away in Might, impressed the creation of the foremost meme coin, Dogecoin, and a number of other different dog-themed meme cash.
Equally, Kabosu Mama’s announcement of her new Shiba Inu instantly led to the launch of a number of ‘Neiro-themed’ meme cash. A whole lot of Neiro tokens had been rapidly deployed on the Solana chain by the token generator Pump Enjoyable, with about of those tokens working to hundreds of thousands in market capitalization.
Nevertheless, amidst all of the noise and buying and selling quantity, the Neiro token on the Ethereum chain has stood out. It boasts the very best market capitalization amongst all Neiro-themed tokens throughout all chains. In accordance with information from DEX Screener, the Neiro token on Ethereum at the moment has a market cap of round $109 million. In the meantime, the highest-ranked Neiro token has a market cap of round $37 million.
Is Neiro The Subsequent Dogecoin?
The ETH Neiro’s meteoric rise above the $100 million market cap has led to predictions that the meme coin might change into the subsequent Dogecoin. The crypto group appears to be leaning towards the narrative that Neiro is a alternative for Kabosu (which impressed Dogecoin) for the reason that former was adopted after Kabosu’s loss of life. Neiro can be thought of a ‘sister’ to Kabosu, which is why it’s believed that the Neiro token might replicate DOGE’s success.
In keeping with this, crypto analysts like Jake Gagain have recommended that the ETH Neiro might simply run to a $1 billion market cap and even greater. The ETH Neiro has additionally been declared the ‘clear winner’ amongst all of the Neiro-themed tokens due to the saturation of Neiro tokens on the Solana chain.
This opens a transparent path for the ETH Neiro to hitch the ‘billion-dollar’ meme membership whereas liquidity is shared among the many totally different Solana Neiro tokens. ETH Neiro has, nonetheless, suffered some FUD with the blockchain analytics device Bubblemaps, which revealed that the token’s provide is closely managed, with 78% of the availability sniped at launch. Nevertheless, ETH Neiro holders look undeterred by this, seeing how the meme coin hit a brand new all-time excessive (ATH) since then.
If ETH Neiro finally attains a market cap of $1 billion, it’ll be part of Dogecoin, Shiba Inu (SHIB), Bonk (BONK), Dogwifhat (WIF), and Floki (FLOKI) as the one dog-themed meme cash to boast a billion-dollar market cap. In the meantime, it’ll change into solely the third dog-themed token on Ethereum to attain such standing, becoming a member of Shiba Inu and FLOKI.
Featured picture created with Dall.E, chart from Tradingview.com
