NEIRO Ethereum Coin, a Newcomer Meme Coin that Challenges DOGECOIN

Bittime - The NEIRO Ethereum coin was first released on July 28, 2024. Since 24 hours of its release, NEIRO has attracted high attention from crypto investors.

In the 24-hour period, the NEIRO Ethereum coin has gained 500 followers on X, and has 2,785 shareholders.

Why does the NEIRO Ethereum coin seem so attractive, and how is NEIRO Ethereum a newcomer capable of challenging DOGECOIN?

Gert Acquainted with NEIRO Ethereum Coin

What is NEIRO Ethereum? Neiro is a female Shiba Inu dog who was recently adopted by Kobasu's owner, Atsuko Sato.

Kobasu himself is a famous dog which was the inspiration for the Doge meme.

Neiro has a close relationship with Dogecoin because both come from the same owner.

After Kabosu died in May 2024, it wasn't long before Atsuko Sato adopted Neiro.

Neiro's presence triggered sentimental value in the world of meme coins, attracting the attention of crypto fans who followed the Dogecoin story.

Vitalik Buterin's Relationship with NEIRO

The peak of NEIRO's popularity occurred when Vitalik Buterin made a big transaction on Neiro.

On August 4, 2024, Vitalik Buterin received 4% of NEIRO's total supply as an appreciation for the support provided by Buterin.

However, not long afterward, Vitalik Buterin sold a total of 17.15 billion Neiro tokens which he received free of charge from the project team. 

This amount reaches 4.08% of the total supply of Neiro tokens, making Buterin the largest holder of this meme token. 

The sale transaction resulted in 44.53 Ether, equivalent to $112,500.

The large sale of Buterin's Neiro coins caused a price drop of up to 60%. This of course sparked concern among the investment community.

In response to the situation that occurred, the Neiro project team immediately contacted Vitalik Buterin in the hope that part of the proceeds from the token sale could be donated to an animal shelter. 

NEIRO Ethereum: The Community-Driven Evolution of Meme Coin

NEIRO Ethereum is an experiment that shows how the power of community can drive innovation in blockchain technology. 

Thanks to an approach that emphasizes the principles of decentralization, the Neiro project has succeeded in building a loyal and active user base. 

Material, the Neiro community not only acts as users, but also as developers and supporters of the project.

However, Neiro's strong community base cannot be separated from Neiro's relationship with Dogecoin, because it comes from the same origin, namely the owner of Kobosu.

Given this connection, Neiro is also considered the Doge's sister.

NEIRO Ethereum Coin Challenges DOGECOIN?

DOGECOIN is one of the meme coins that has a strong community base, and has direct support from Elon Musk.

However, DOGECOIN's stability is slowly starting to be eroded due to the emergence of NEIRO.

NEIRO's Early Appearance Surpass PEPE

On July 28, when Neiro ETH was officially launched, the Neiro Ethereum coin immediately attracted public attention. 

Within 24 hours, Neiro managed to amass 500 followers on the X platform and 2,785 token holders, surpassing the initial growth of popular meme coins like $PEPE. This success continued on July 29, as Neiro ETH became the second highest trending token on Dexscreener.

Comparison of NEIRO ETH with DOGECOIN

NEIRO Ethereum and DOGECOIN are two meme coins that have a similar concept, namely taking advantage of the popularity of dog memes to attract investor interest. 

However, both of them apparently have unique characteristics that differentiate them.

NEIRO Ethereum

NEIRO ETH is a new meme coin in the crypto world that has managed to steal attention with its very fast growth. 

NEIRO focuses on community and decentralization, and is supported by rapid growth of followers and token holders in a short period of time.

The attention that Neiro quickly gained surpassed that of other meme coins, including Dogecoin.

DOGECOIN Establishment

On the side DOGECOIN, as a pioneer among meme coins, DOGECOIN has had a strong fan base and has been tested over a longer period of time. 

Dogecoin has wider utility, including being used as a means of payment at several merchants. 

Although initial growth may have been slower than NEIRO ETH, Dogecoin has managed to build a large market capitalization and has high liquidity.

Final Notes

Both NEIRO ETH and DOGECOIN have their own growth potential. 

NEIRO ETH offers opportunities for investors looking for new projects with fast growth, while DOGECOIN is a safer choice for investors looking for an established asset.

Investment options It really depends on each individual's risk profile and investment objectives. 

Always do your own research and consult a financial advisor before making any investment decisions.

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