Shiba Inu Rival NEIRO Skyrockets Over 18% After Coinbase Listing

As a seasoned researcher with over two decades of experience in the crypto market, I must admit that I’ve seen my fair share of meme tokens rising and falling like waves in the sea. However, the recent surge of First Neiro On Ethereum (NEIRO) has caught my attention, mainly due to its listing on Coinbase International Exchange.


Notably, First Neiro on Ethereum (NEIRO), an emerging rival to Shiba Inu (SHIB), experienced a significant boost of over 18% within the past day. This rise aligns with the recent announcement about its addition to the trading platform of Coinbase International Exchange.

On Coinbase International Exchange and Coinbase Pro, Neiro Perpetual futures are now available for all trading activities. This means you can place limit, market, stop, and stop-limit orders on these futures. This announcement follows Coinbase’s earlier statement about supporting perpetual futures for the meme token.

The NEIRO-PERP market has officially started trading on both the Coinbase International Exchange and Coinbase Pro. You can now place various types of orders, such as limit, market, stop, and stop limit orders. Keep an eye on your $NEIRO!

— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) November 7, 2024

On October 31st, Coinbase International Exchange declared their intention to integrate “First Neiro on Ethereum” perpetual futures into both the Coinbase International Exchange and Coinbase Pro platforms.

Neiro is a Shiba Inu dog that belongs to the same individual who owns the internationally famous Kabosu, the dog that inspired the Doge meme. In late May, Kabosumama, Kabosu’s human owner’s X account, adopted a 10-year-old Shiba Inu dog named Neiro, referring to her as a “new family member.”

As Neiro’s fame expands, Kabosumama has made it clear that she is no longer associated with any NEIRO tokens, and does not support any of them.

Neiro jumps 18%

Achieving listing on Coinbase’s International Exchange represents a substantial achievement for NEIRO, potentially broadening its visibility. The availability of perpetual futures enables traders to venture price predictions without having to possess the underlying asset, thereby stimulating increased trading activity and boosting overall market interaction.

Currently, NEIRO has seen a 18% increase over the past 24 hours, reaching $0.002137, further escalating the growth that began on Wednesday. This upward trend not only boosted Bitcoin and meme coins but also positively impacted the entire crypto market.

Despite other tokens experiencing a decline following yesterday’s surge, Neiro continues to climb noticeably, seemingly fueled by the announcement of its listing on Coinbase. Currently, NEIRO is 8.61% shy of its record high of $0.0021, which it reached on October 15, 2024.

Neiro now holds a position among the leading 100 cryptocurrencies based on market value, being the 78th largest with an estimated market capitalization of approximately $894 million.

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2024-11-07 19:56