What Is First Neiro Coin on Ethereum (NEIRO)?
2024-09-30
Bittime - What is the First Neiro Coin on Ethereum (NEIRO)? Neiro is one of the newest projects in the meme-based cryptocurrency space, following in the footsteps of Dogecoin and Shiba Inu.
The following is various interesting and important information about the NEIRO Project that has been successfully collected from various sources.
NEIRO Do you like Dogecoin?
Known as Dogecoin's "little brother," Neiro combines elements of humor and community into the crypto ecosystem.
Neiro was adopted by the same individual who once cared for Kabosu, the dog behind the Doge meme, giving the project a strong emotional value in the meme coin world.
When was NEIRO founded?
The First Neiro on Ethereum (NEIRO) project was launched on the Ethereum network on July 27, 2024.
The project caught the attention of Vitalik Buterin, the founder of Ethereum, who made a $500,000 donation to an animal welfare organization after interacting with the Neiro community in August 2024.
Team and Project Management
Initially, the original developers of Neiro left the project, but the community took over completely.
Today, NEIRO is fully owned and managed by the community, with a decentralized structure, similar to the approach of some other crypto projects such as Dogecoin.
Tokenomics NEIRO
First Neiro Coin on Ethereum (NEIRO), as part of the community-based meme coin ecosystem, has tokenomics designed to ensure maximum engagement from its community. Here are some important aspects related to NEIRO tokenomics:
1. Maximum Supply
NEIRO has a total supply of 420.69 billion tokens available on the Ethereum network.
2. Token Distribution
NEIRO emphasizes a fully decentralized approach, with no special token allocation for the development team or purchase/sale taxes. This means the entire token supply is directly available to the community.
3. Use of Tokens
NEIRO is focused on use in meme-based ecosystems, with a strong community and potential for adoption across multiple platforms. There is no built-in “burn” or staking feature, but the entire project is driven by active community participation.
4. Market Capitalization and Price Movement
Despite experiencing high volatility like most meme coins, the current price of NEIRO is around $0.001175 with a dynamic market cap following market sentiment.
With a focus on community and transparency, NEIRO strives to maintain trust by not holding tokens for the development team, an approach that adds trust value to the project.
Roadmap and Social Focus
Neiro has a strong social focus, reflecting her community’s commitment to philanthropy. One of her major accomplishments was a donation to the animal shelter that previously cared for Neiro.
The project continues to announce new charitable initiatives, which are an integral part of its vision to give back to society.
Price Forecast and Market Movement
Since its launch, NEIRO has shown high volatility, typical for meme-based coins.
In September 2024, NEIRO's price surged over 850% after being listed on the KuCoin platform, reaching an all-time high of $0.0006043.
Technical indicators such as RSI and MACD show strong bullish momentum, although the price could experience a short-term correction due to the influx of selling pressure.
Crypto analysts predict that with growing community support, NEIRO price could reach higher levels in the short term, although downside risks remain due to the highly unpredictable volatility of the meme coin market.
Conclusion
First Neiro on Ethereum (NEIRO) is a community-driven crypto project with roots in internet culture and philanthropy.
Despite the potential for further price increases, investors should be wary of the volatility inherent in this type of coin.
NEIRO's long-term success will depend heavily on community support and meme coin market trends.
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