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Leading crypto exchange LBank heaps praises on Shiba Inu ($SHIB), Dogecoin ($DOGE), and Neiro Ethereum ($NEIRO), describing them as the ultimate crypto trio.
The top exchange made the disclosure yesterday. According to an X post, LBank asked its followers to indicate whether the so-called “ultimate crypto trio” will champion the resurgence of the memecoin market.
Can $NEIRO Replicate $SHIB and $DOGE Rally This Season?
LBank’s characterization of $SHIB, $DOGE, and $NEIRO as the ultimate crypto trio is a remarkable feat for the Neiro project, given its relatively newer presence compared to $SHIB and $DOGE. $NEIRO has been causing a stir since its launch on July 27, 2024.
The growing interest in Neiro Ethereum stems from its tremendous surge from a modest price to $0.21 in just a few days. Following the remarkable surge, several market watchers tipped $NEIRO to become this bull cycle’s Shiba Inu and Dogecoin.
It is common knowledge that Dogecoin and Shiba Inu recorded substantial price increases during the 2020/2021 bull cycle. For instance, the team behind the Shiba Inu ecosystem pointed out that $SHIB’s price surged 150,000,000% just over a year after its launch on August 1, 2020. Similarly, $DOGE experienced a remarkable rally, surging 9,884% between January and May 2021.
Interestingly, $NEIRO shows signs that it could replicate this feat in the 2024/2025 bull cycle. The Neiro team adopted a similar marketing tactic Shiba Inu used in 2021 by gifting Ethereum’s co-founder Vitalik Buterin 4.08% of $NEIRO’s total supply or 17.15 billion tokens.
However, shortly after Buterin received the tokens, he sold them for 44.53 ETH, worth $112,448, on August 4. This resulted in a sharp dip in $NEIRO’s price. Also, the massive crypto downturn witnessed on August 5 had a bearish impact on $NEIRO’s price action.
Nonetheless, $NEIRO rebounded immediately after the volatility, with analysts projecting that the token could hit $0.50 soon.
Investors Bullish on $NEIRO
Meanwhile, LunarCrush recently called attention to $NEIRO’s social and trading metrics, emphasizing that the token has registered a new all-time high at $0.2187. It is interesting to note that $NEIRO surpassed this record today, with its $ATH currently standing at $0.2531.
Following its remarkable surge, LunarCrush indicated that 83% of all posts relating to $NEIRO have been bullish. The accompanying image shows that $NEIRO’s sentiment has increased by 15.3%, while its social dominance is up 18.8% over the past week.
Additionally, the number of posts created for the token has increased by 118.7%, and those with interaction have spiked by 244.9% within this timeframe.
$NEIRO may be a brand new crypto asset but…
…price just hit a new $ATH
…sentiment just hit an $ATH with 83% of all social posts being positive/bullishhttps://t.co/KqErHNqjZU @neiro_ethereum pic.twitter.com/kxc30cQv0V— LunarCrush Social Intelligence (@LunarCrush) August 6, 2024
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