The cryptocurrency market is slightly in the green today (September 18), with numerous assets such as Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) charting
The cryptocurrency market is displaying slight gains on Monday, with Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) showing modest increases. Some of the leading meme coins, such as Dogecoin (DOGE), dogwifhat (WIF), and Floki Inu (FLOKI), are also charting gains. However, one meme coin that has seen particularly strong gains is Neiro (NEIRO).
NEIRO's daily price increase is a staggering 110%, and it currently trades at around $0.0008397 (data from CoinGecko). This represents a remarkable jump of over 1,900% on a weekly scale. The token's market capitalization has also surged to over $350 million, making it the 13th-largest in its realm.
NEIRO's impressive pump can be largely attributed to its listing on Binance earlier this month. The exchange also enabled services with Turbo (TURBO) and Baby Doge Coin (BABYDOGE), both of which have seen price increases in the past few days, though not as substantial as NEIRO's.
Another crypto platform that recently added support for the asset is LBank, which opened deposits on Monday and will enable withdrawals on Tuesday.
NEIRO's rapid progress has caught the attention of several industry participants, with some envisioning further price growth. The X user TraderSZ predicted that its market cap could quickly reach $500 million, while Whale Satoshi speculated on Coinbase becoming the next major crypto exchange to list the meme coin.
The meme coin, which is built on the Ethereum blockchain, was launched at the beginning of August. According to the team behind the project, NEIRO is “the heir of DOGE” and is cared for by “the same caring hands that cared” for the leading meme.
“An interesting fact about the project is that initially, the biggest asset holder was Vitalik Buterin (the co-founder of Ethereum). Later on, the 30-year-old computer programmer sold his stash (equaling around $130,000 at the time). The team claims that currently, NEIRO is entirely controlled and managed by the community:
“Originally abandoned by her owner and sent to a stray dog shelter for adoption, Neiro's journey is not unlike our own: after being rugged by the original dev, we decided to take over the project. Neiro is now 100% community-owned and managed.”
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