Exploring NEIROETH: A Deep Dive into NEIRO

by Guest Author | Aug 7, 2024 | News | 0 comments

For the past year, the crypto market has become accustomed to producing a meme token almost every month that will attract attention and deliver fantastic returns for investors.

For the month of July, a new dog-themed meme coin has taken the crypto market by storm.

Inspired by Kabosu owner Neiro’s new dog, a new wave of Shiba Inu-themed tokens surged on Ethereum.

The tokens have been making waves in the crypto market, hitting a $200 million market cap on August 1 and registered 4,400% gains since their launch.

But what exactly is the NEIROETH token, and what’s the history and background behind the groundbreaking meme token?

Continue reading to find out.

NOTE:
There are various Neiro that have been launched but everything written in this article is about NEIROETH, that is Neiro that is launched on the Ethereum chain, not the Neiro launched on the Solana chain.

What is NEIROETH?

NEIROETH is the sister of the legendary DOGE and has come to make history on the Ethereum chain.

Named after the famous Shiba Inu from the viral Doge meme, NEIROETH aims to revolutionize the crypto world through innovation and community spirit.

With her loyal fans, she will become a beloved icon in the digital realm.

Kabosu, the dog that inspired the legendary Doge meme, passed away in May.

Kabosu, the beloved dog, also inspired the flagship memecoin Dogecoin (DOGE) and a plethora of Shiba Inu-themed tokens.

Its owner recently announced she had adopted Neiro, a 10-year-old rescued Shiba Inu dog.

Following the news, the crypto world witnessed the launch of various currencies named NEIROETH, inspired by the dog.

The coin has grown significantly over the last four days, reaching a market capitalization of $200 million on August 1.

Background and History of NEIROETH

The NEIROETH came to life on July 27.

This happened after Kabosu’s owner announced “adding a new family member” on X.

The addition was “Neiro,” a Shiba Inu dog, who was seen as Kabosu’s replacement after the latter passed away on May 24.

Additionally, the NEIROETH token reached a new ATH price of $0.20 after soaring 81% from the day before.

The NEIROETH has a total supply of 1 billion tokens in circulation.

The Price Change of NEIROETH on CoinEx

The NEIROETH token was issued on the CoinEx platform on July 27, and it has been experiencing a continuous increase ever since it was listed on the platform.

As of August 4, it had increased 7.28% in the last seven days.

The lowest price since its launch is $0.03714, and the highest price is $0.2124, recorded on August 2.

The total market cap of the NEIROETH token is over $131 million, and it’s ranked #220 on the CoinEx ranking.

This is an outstanding performance, as the token was launched about a week ago, on July 27.