The Shiba Inu community was recently taken aback when its official X account, @shibtoken, began following the emerging memecoin, Neiro Ethereum (NEIRO). This move has sparked an excitement among crypto enthusiasts, who view this as a significant endorsement from the ecosystem.
Neiro Ethereum Gains Recognition
A social media user, Mark, brought attention to the fact that Shiba Inu now follows 25 accounts, with NEIRO being the latest addition. Mark noted that this move signals NEIRO’s presence in the crypto ecosystem, claiming it became the third-largest project within the ecosystem.
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According to Mark, this action likely indicates long-term support for NEIRO, further solidifying its acceptance in the crypto world. “Expecting long-term support from them – (don’t think they’d follow otherwise),”
Echoing this sentiment, a prominent NEIRO whale, known as “MoneyLord,” confirmed Shiba Inu’s follow on X. He expressed excitement, believing that this endorsement could lead to a surge in NEIRO’s price. “HIGHERR,” MoneyLord tweeted, signaling optimism for NEIRO’s future.
Shiba Inu Shouts Out NEIRO
Shiba Inu not only followed NEIRO but also gave it a special shout-out, referring to it as a “cute doggo.” This acknowledgment further boosted NEIRO’s visibility in the crypto community. Additionally, Shiba Inu featured NEIRO in the latest edition of The Shib Magazine.
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The article, titled “Inside the Neiro Phenomenon: The Shiba Inu Sibling That Surprised the Crypto World,” delved into NEIRO’s rapid rise and impressive milestones. It noted that NEIRO’s market cap hit $220 million and that its price surged 1,506.35% during market downturns.
NEIRO’s performance has continued to impress. In just nine days, its price soared 2,160% to an all-time high of $0.2986. Currently priced at $0.2163 per token, NEIRO remains up 2.68% in the past 24 hours.
As the 221st largest token, it boasts a market capitalization of $217.3 million, reinforcing its potential to follow in the footsteps of Shiba Inu and Dogecoin.
