A Green Day at Last

The meme coin sector suffered painful losses in the past several days, with its market capitalization briefly plunging below $40 billion at one point.

Meme coins are finally having a good day after suffering heavy losses over the past week.

The market capitalization of all meme coins briefly dipped below $40 billion during that time. But the landscape looks completely different today (September 10). Many tokens are charting substantial gains.

The leading meme coin, Dogecoin (CRYPTO:DOGE), hit a two-week high after surpassing $0.10. Meanwhile, its biggest rival, Shiba Inu (CRYPTO:SHIB), saw its price rise by 2% over the last 24 hours.

Certain cat-themed memes are stealing the show. For instance, Popcat (CRYPTO:POPCAT) rose by 15% in the last day, and Kittekoin (CRYPTO:KOIN) reached a new all-time high of almost $0.25 after skyrocketing by over 80%. However, KOIN lost some of the gains in the following hours and now trades at around $0.18 (according to CoinGecko).

Other well-performing meme coins include BRETT (+6%), DOGS (+8.5%), PEOPLE (+16%), SUNDOG (+20%), and many more.

What Else? Neiro Keeps Gaining Steam

The recently launched dog-themed meme coin Neiro on ETH (CRYPTO:NEIRO) also found a spot among the biggest gainers. Its price surged by 15% in the last 24 hours, reaching $0.18 for the first time since mid-August.

This resurgence happened shortly after an interaction with Binance. Notably, the exchange launched a USDT-margined NEIRO/ETH perpetual contract with up to 75x leverage.

This type of product enables users to bet on the price changes of the underlying digital assets without actually owning them. The contract offers high leverage, does not have a set end date, and requires traders to maintain a specific margin to keep their positions open.

Earlier this week, Crypto.com and OKX hopped on the bandwagon, too. The former allowed deposits and withdrawals of NEIRO/ETH via ERC-20, while the latter added NEIRO/ETH on its perpetual futures market.

The meme coin is up an impressive 450% on a weekly scale, with its 24-hour trading volume surpassing that of higher-ranked memes like BRETT, TURBO, MOG, and others.

Over on Crypto X, several analysts are envisioning a further rally for NEIRO. Johny – an X user with almost 700,000 followers – thinks the current price zone of $0.18 is the last resistance before a spike to a new ATH.

Meanwhile, MoneyLord anticipates that NEIRO could repeat WIF’s success witnessed earlier this year:

"You blink and $NEIRO will be at 300m. When its breaks out from here, I’m expecting similar to what $WIF did from 160m to 4.5B in 28 days."

The above is the detailed content of A Green Day at Last. For more information, please follow other related articles on the PHP Chinese website!