Hold onto your hats, crypto enthusiasts, because the dog-themed meme coin, Neiro (NEIRO), is on a wild ride! In the last 24 hours, this plucky little token has skyrocketed over 20%, reaching a three-week high of about $0.002. With its market cap now over $900 million, NEIRO is barking its way up the ranks as the 96th biggest player in the crypto world and the ninth in its meme coin niche.
The buzz behind this leap? It's all thanks to Coinbase giving NEIRO a thumbs up! The US-based crypto giant has opened the gates for NEIRO trading, launching NEIRO perpetual contracts. This means traders can now dive into futures contracts without worrying about expiry dates, betting on price swings with potentially high returns. But beware, the stakes are high, as these contracts can also lead to significant losses if things go south.
This isn't NEIRO's first rodeo with a price jump. Just a couple of months ago, it went on a 500% joyride after Binance added the NEIRO/USDT trading pair. They didn't stop there, later introducing NEIRO/EUR and NEIRO/TRY pairs.
While NEIRO is partying in the green, some of the big-name meme coins are nursing a bit of a hangover. Dogecoin (DOGE) dipped by 3.5%, and Shiba Inu (SHIB) is down 1%. Other meme contenders like POPCAT, WIF, MOG, and GIGA also took a hit.
Despite these hiccups, the meme coin sector is having a moment, with its market cap jumping 13% within a day, now topping a whopping $72 billion. It seems the meme coin mania is far from over, and NEIRO is leading the pack with a wagging tail and a triumphant howl!
