{"id":4853,"date":"2024-09-09T13:12:17","date_gmt":"2024-09-09T13:12:17","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=4853"},"modified":"2024-09-09T13:12:17","modified_gmt":"2024-09-09T13:12:17","slug":"this-shiba-inu-rival-explodes-by-250-in-a-week-heres-why","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=4853","title":{"rendered":"This Shiba Inu Rival Explodes by 250% in a Week: Here\u2019s Why"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Neiro on ETH (NEIRO) surged by 250% in the past week, supported by major exchanges like Binance and Crypto.com.<\/span>
\nAnalysts are optimistic about its future, predicting further gains and comparing its potential to previous explosive growth in other meme coins.<\/p>\n

<\/a><\/span><\/h2>\n

The Top Performer<\/h2>\n

The meme coin sector has stalled lately, with numerous tokens underperforming on a weekly scale. However, one has charted impressive gains for the same period \u2013 Neiro on ETH (NEIRO).<\/span><\/p>\n

The meme coin, <\/span>which saw the light of day<\/span> earlier this summer, <\/span>saw its price skyrocketing<\/span> by approximately 250% in the past seven days. It currently trades at around $0.15 (per <\/span>CoinGecko\u2019s<\/span> data), while its market capitalization is well above $150 million.<\/span><\/p>\n

<\/a>NEIRO Price, Source: CoinGecko<\/p>\n

NEIRO\u2019s resurgence could <\/span>be attributed<\/span> to the support from leading cryptocurrency exchanges. Binance, for example, <\/span>launched<\/span><\/a> a USDT-margined NEIRO\/ETH perpetual contract with up to 75x leverage.<\/span><\/p>\n

The <\/span>maximum funding rate of the product<\/span> is +2%\/ -2%, <\/span>whereas<\/span> its funding fee settlement frequency is every four hours.<\/span> The trading pair has the Multi-Assets Mode activated, meaning users can employ various cryptocurrencies as a margin when trading.\u00a0<\/span><\/p>\n

Perpetual contracts enable market participants to speculate on the price movements of the underlying\u00a0digital assets without owning them. They provide high leverage, have no expiration date, and require traders to hold a certain margin to keep their positions open.<\/span><\/p>\n

Another popular exchange that embraced the token is Crypto.com. It allowed deposits and withdrawals of NEIRO\/ETH via ERC-20.<\/span><\/p>\n

Deposits and withdrawals of $NEIROETH via ERC-20 have just been enabled on the https:\/\/t.co\/vCNztATkNg<\/a> App.<\/p>\n

Launch the App https:\/\/t.co\/YHDC296mw7<\/a>@NeiroOnEthereum<\/a> pic.twitter.com\/1clzRYlfi8<\/a><\/p>\n

\u2014 Crypto.com (@cryptocom) September 9, 2024<\/a><\/p>\n\n

Further Rally on the Horizon?<\/span><\/h2>\n

Numerous analysts highlighted NEIRO\u2019s progress <\/span>as of late<\/span>, envisioning additional gains in the foreseeable future.<\/span> The X user Eric Cryptoman claimed the asset is \u201cabout to go parabolic.\u201d\u00a0<\/span><\/p>\n

\u201cHoping for some more Bubble Maps FUD to initiate the real breakout. Keep shorting bros, cope fuelled rallies are the strongest <\/span>rallies<\/span>,\u201d they <\/span>added<\/span><\/a>.<\/span><\/p>\n

MoneyLord was bullish, too, predicting that NEIRO could repeat WIF\u2019s success observed in March this year. The Solana-based meme coin witnessed a price explosion of around $1.50 to almost $5 in less than 30 days, while its market cap jumped above $4.5 billion.<\/span><\/p>\n

\u201cNEIRO will do the same. When it starts running, it won\u2019t stop. It is DOGE sister. Short-term 2-7B Long-term 10-30B,\u201d the analyst <\/span>suggested<\/span><\/a>.<\/span><\/p>\n

The post This Shiba Inu Rival Explodes by 250% in a Week: Here\u2019s Why<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Neiro on ETH (NEIRO) surged by 250% in the past week, supported by major exchanges like Binance and Crypto.com. Analysts are optimistic about its future, predicting further gains and comparing its potential to previous explosive growth in other meme coins. The Top Performer The meme coin sector has stalled lately, with numerous tokens underperforming […]<\/p>\n","protected":false},"author":0,"featured_media":4854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/4853"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4853"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/4853\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/4854"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}