Coinbase To List NEIRO Perpetual Futures, Price To Rally?

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As a seasoned analyst with over two decades of experience in the crypto market, I’ve witnessed countless listings that promised to revolutionize the landscape. However, few have captured my attention like First Neiro On Ethereum (NEIRO). The upcoming listing on Coinbase is undoubtedly a game-changer for this token, and here’s why.

Coinbase International Exchange has declared that they will start supporting perpetual futures contracts for First Neiro On Ethereum (NEIRO) beginning November 7, 2024, at 9:30 am UTC. This listing is a substantial step forward for NEIRO as it advances in the cryptocurrency market.

Coinbase Futures Listing Set to Boost NEIRO Price Surge

In a recent post on X (formerly Twitter), Coinbase revealed plans to introduce perpetual futures for First Neiro On Ethereum (NEIRO), generating anticipation within the crypto community. The announcement caused NEIRO price to increase by 9% in the last seven days as traders reacted to the news. This new NEIRO-PERP market on Coinbase will open on November 7, 2024, offering an additional trading venue for NEIRO and enhancing its liquidity.

Moreover, the planned debut on Coinbase comes after NEIRO’s remarkable market growth following its initial Binance exchange listing in September. Just a week post-listing, NEIRO’s value skyrocketed more than 1000%, capturing the interest of investors.

Adding NEIRO perpetual futures to Coinbase might draw in more investors who want to invest in NEIRO via derivative markets. This could potentially prolong NEIRO’s rising trajectory.

NEIRO’s Competitive Edge Amidst Market Fluctuations

This advancement sets NEIRO apart from its peers, primarily because the listing enhances the token’s reputation and provides increased tradability. It’s worth noting that while anticipation grows for First Neiro on Ethereum, the value of rival Neiro ETH dipped by 16% following the announcement.

Furthermore, NEIRO’s addition to Coinbase’s listings significantly contributes to maintaining its ongoing growth, as it provides access to a broader trading community.

In addition to the recent announcement, Binance broadened its NEIRO services by incorporating it into their futures copy trading platform. This copy trading feature enables investors to mimic experienced traders’ strategies instantly, generating fresh interest in NEIRO. As a result, both NEIRO and TURBO tokens experienced a 10% price hike on Binance due to the increased trading opportunities.

Furthermore, the value of NEIRO increased after it formed a partnership with DWF Labs, demonstrating how strategic collaborations can influence the worth of meme coins. This association boosts NEIRO’s market presence and maintains consistent trading volumes even in unpredictable market scenarios.

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2024-10-31 23:25