LBank, a prominent cryptocurrency exchange, has praised Shiba Inu (SHIB), Dogecoin (DOGE), and Neiro Ethereum (NEIRO) as the ultimate crypto trio. The exchange shared this insight yesterday on X, encouraging followers to discuss whether this trio will revive the memecoin market.
Can NEIRO Match the Success of SHIB and DOGE?
LBank’s recognition of SHIBA, DOGE, and NEIRO as the ultimate trio marks a significant milestone for the Neiro project. Despite being newer than SHIB and DOGE, NEIRO has gained attention since its launch on July 27, 2024.
Interest in Neiro Ethereum has surged as its price jumped from a low point to $0.21 within days. Market analysts speculate that NEIRO could become the next Shiba Inu or Dogecoin in this bull cycle.
Both Dogecoin and Shiba Inu saw impressive price rises during the 2020/2021 bull market. SHIB’s price skyrocketed by 150,000,000% within a year of its August 1, 2020 launch. Similarly, DOGE surged 9,884% from January to May 2021.
Read Also: Dogecoin Sees 15% Surge, Approaching Key Price Milestone
NEIRO appears poised to replicate this success in the 2024/2025 bull cycle. The Neiro team employed a marketing strategy reminiscent of Shiba Inu’s 2021 approach by giving Vitalik Buterin 4.08% of NEIRO’s total supply, equivalent to 17.15 billion tokens.
However, Buterin sold the tokens shortly after receiving them, converting them into 44.53 ETH, valued at $112,448, on August 4. This sale triggered a significant drop in NEIRO’s price. Additionally, a broader crypto market downturn on August 5 further impacted NEIRO’s performance.
Despite the volatility, NEIRO quickly recovered, with analysts predicting a potential rise to $0.50 soon.
Investors Show Optimism for NEIRO
Recently, LunarCrush highlighted NEIRO’s social and trading metrics, reporting a new all-time high of $0.2187. Today, NEIRO surpassed this record, reaching an ATH of $0.2531.
Following this surge, LunarCrush noted that 83% of NEIRO-related posts have been positive. The data reveals a 15.3% increase in sentiment and an 18.8% rise in social dominance over the past week.
Moreover, the volume of posts about NEIRO has grown by 118.7%, while engagement on those posts has surged by 244.9% during the same period.
