The crypto neighborhood is likely to be set to witness the beginning of the subsequent Dogecoin following a latest announcement made by the beloved Kabosu’s proprietor. This has led to the launch of a number of meme cash, with one specifically wanting well-primed to affix the ‘billion-dollar’ membership.
Kabosu’s Proprietor Will get New Shiba Inu Canine
Kabosu’s proprietor (also referred to as Kabosu Mama) introduced in an X (previously Twitter) put up that she had gotten a brand new Shiba Inu named “Neiro.” This instantly caught the crypto neighborhood’s consideration, contemplating that Kabosu, who handed away in Could, impressed the creation of the foremost meme coin, Dogecoin, and several 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. Lots of of Neiro tokens have been shortly deployed on the Solana chain via the token generator Pump Enjoyable, with about of those tokens working to hundreds of thousands in market capitalization.
Nonetheless, amidst all of the noise and buying and selling quantity, the Neiro token on the Ethereum chain has stood out. It boasts the best market capitalization amongst all Neiro-themed tokens throughout all chains. In line with information from DEX Screener, the Neiro token on Ethereum presently 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 turn out to be the subsequent Dogecoin. The crypto neighborhood appears to be leaning towards the narrative that Neiro is a alternative for Kabosu (which impressed Dogecoin) because the former was adopted after Kabosu’s demise. Neiro can also be thought-about 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 larger. 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 affix the ‘billion-dollar’ meme membership whereas liquidity is shared among the many completely different Solana Neiro tokens. ETH Neiro has, nevertheless, 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. Nonetheless, 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 ultimately attains a market cap of $1 billion, it can 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 can turn out to be solely the third dog-themed token on Ethereum to realize such standing, becoming a member of Shiba Inu and FLOKI.
Featured picture created with Dall.E, chart from Tradingview.com
