Bitcoin, the world’s largest cryptocurrency, has been dominating the headlines for years. However, in recent times, Ethereum-based memecoins have been gaining traction. One such memecoin, First Neiro (NEIRO), has experienced a meteoric rise after being listed on Binance, the largest crypto trading platform by volume.
Binance’s announcement of spot trading support for NEIRO led to a staggering 965% surge in the altcoin’s value. With a market cap of $170.3 million, NEIRO is currently trading at $0.0004089. Described as “the official sister of DOGE,” NEIRO has captured the attention of investors looking to capitalize on the meme coin craze.
In addition to NEIRO, Binance also listed two other memecoins on the Ethereum blockchain – Turbo (TURBO) and Baby Doge Coin (BABYDOGE). Turbo, an AI-inspired memecoin, is trading at $0.004737 with a market cap of $329 million. Baby Doge Coin, on the other hand, has a market cap of $301.7 million and is trading at $0.000000001994, marking an 80% increase in value.
Binance’s decision to attach a seed tag to these memecoins signifies the exchange’s recognition of their higher volatility and lower liquidity compared to other tokens. Users holding assets with seed tags are required to pass quizzes every 90 days to ensure they understand the risks associated with trading these tokens.
As Binance continues to expand its list of supported cryptocurrencies, the memecoin market is witnessing unprecedented growth. With NEIRO, Turbo, and Baby Doge Coin making waves in the crypto space, investors are keeping a close eye on these volatile assets.
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Image Credit: Midjourney
As the crypto market evolves, memecoins like NEIRO, Turbo, and Baby Doge Coin are shaping the future of digital assets. Stay tuned for more exciting developments in the world of cryptocurrencies.