Home web3.0 First Neiro On Ethereum (NEIRO), a New Rival to Shiba Inu (SHIB), has Seen a Noteworthy Increase of Over 18% in the Past Day. Coinbase International Exchange has Announced a New Listing at the Same Ti

First Neiro On Ethereum (NEIRO), a New Rival to Shiba Inu (SHIB), has Seen a Noteworthy Increase of Over 18% in the Past Day. Coinbase International Exchange has Announced a New Listing at the Same Ti

Nov 09, 2024 am 12:16 AM
coinbase Neiro

Neiro Perpetual futures are now fully available for trading on Coinbase International Exchange and Coinbase Advanced, with limit, market, stop, and stop limit orders available

First Neiro On Ethereum (NEIRO), a New Rival to Shiba Inu (SHIB), has Seen a Noteworthy Increase of Over 18% in the Past Day. Coinbase International Exchange has Announced a New Listing at the Same Ti

First Neiro On Ethereum (NEIRO) price went up by 18% over the last 24 hours. At the same time, Coinbase International Exchange announced a new listing.

Coinbase International Exchange, Coinbase's international division, announced that Neiro Perpetual futures are now available for trading on Coinbase International Exchange and Coinbase Advanced, with limit, market, stop, and stop limit orders.

Days ago, the exchange announced that it will be supporting perpetual futures for the meme token.

On October 31, Coinbase International Exchange and Coinbase Advanced announced support for "First Neiro On Ethereum" perpetual futures.

Shiba Inu's owner also owns Kabosu, the world-famous dog that inspired the Doge meme. Kabosu's human owner, known as Kabosumama on X, adopted a 10-year-old Shiba Inu dog named Neiro in late May, introducing her as a "new family member."

Despite Neiro's surging popularity, Kabosumama has distanced herself from any NEIRO tokens, stating that she does not support any of them.

Coinbase listing to propel further gains for NEIRO?

A listing on Coinbase International Exchange is a major boost for NEIRO, potentially bringing it into the视野of a wider audience.

Perpetual futures allow traders to speculate on prices without actually owning the underlying asset, which could lead to higher trading volumes and participation from traders.

A technical glance at Neiro's 4-hour price chart reveals the bullish momentum that is driving the recent price surge. Over a 4-hour period, Neiro's price trend is usually seen making aggressive upward moves, breaking through strong resistance levels.

Recently, Neiro's price encountered a resistance level at around $0.002134, suggesting that it might continue to face upward pressure if this level is breached and sustained.

The demand from buyers is seen to be consistent, with the upward trajectory and fewer pullbacks. Another strong indication is provided by NEIRO's Volume to Market Cap, which stood at 103.03%. High trading volume relative to market capitalization indicates strong interest from investors.

In this performance cycle, Neiro leads the meme coin sector with technicals and strong 24-hour gains. There’s more to the recent surge in Neiro's price than meets the eye.

If the coin manages to rise and break above the resistance at $0.002134, it could pave the way for further gains, enabling the coin to continue scaling an untested territory for the first time. As long as trading volume remains this way, Neiro's bullish trend is likely to continue.

At press time, NEIRO had risen 12% in the past 24 hours to $0.002401, extending a surge on Wednesday that lifted Bitcoin, meme coins and the broader crypto market. While other tokens are reversing gains from yesterday's surge, Neiro has remained much higher, likely aided by the Coinbase listing news. NEIRO is currently 6% below its peak of $0.002496, reached on November 8, 2024.

With a market cap of $990 million, Neiro is the 74th-largest cryptocurrency and has earned a place among the top 100 by market capitalization.

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