Introduction

The Neiro meme coins are a trend inspired by the new dog adopted by the owner of Kabosu the Dog, the face of the viral Dogecoin. Following the death of the beloved Kabosu on May 24, 2024, the owner, Atsuko Sato, announced the adoption of Neiro, a 10-year-old female Shiba Inu, on social media, presenting her to the public as Kabosu’s sister in late July 2024.

Following this announcement, the crypto community was thrown into a frenzy, and tokens with the NEIRO ticker launched across different blockchains (notably Ethereum, Solana and Base). However, Neiro’s owner has clarified that she has not endorsed any of these tokens.

This article focuses on the Neiro tokens on the Ethereum and Solana chains, detailing their performance so far and discussing tokenomics.

History of Dog-Themed Meme Coins

Source: CoinGape

Dog-themed meme coins have carved out a niche within Web3, collectively amassing a market capitalization of $31 billion (August 2024). The love for dog-themed meme coins can be traced back to the launch of Dogecoin in 2013, inspired by a viral meme featuring a Shiba Inu (a dog breed). Initially created as a joke on Bitcoin, Dogecoin uses the Proof of Work consensus mechanism. However, Dogecoin didn’t achieve notable success until the bull market of 2020-2021, driven by celebrity endorsements (notably Elon Musk) and social media hype. This success paved the way for other dog-themed meme coins, such as Shiba Inu, Floki, Baby Doge, etc.

Shiba Inu, launched on Ethereum, introduced several utilities, including a decentralized exchange (ShibaSwap), and implemented unique tokenomics, and community burns. Meanwhile, Floki and Baby Doge used viral marketing and community-driven campaigns to carve out their spaces. Since then, dog-themed meme coins have grown rapidly across different blockchains, Ethereum and Solana. While they continue to thrive on hype and community effort, their market dynamics remain volatile, often swayed by trends rather than fundamental value or utility.

What is Neiro on Ethereum (NEIROETH)?

Source: Neirocoin

The Neiro meme coin with the ticker NEIROETH is an Ethereum meme token inspired by Neiro the Dog. It launched on July 29, 2024, and within 24 hours, it reached a market cap of over $70 million. It is the leading token in the Neiro meme trend, with multiple CEX listings. Top influencers on X promote NEIROETH, and it has the most followers compared to other Neiro tokens on X at the time of writing (August 2024).

Source: Neirocoin

What is Neiro on Solana (NEIRO)?

Source: Neiro.lol

Neiro on Solana with the ticker NEIRO also launched on 29 July 2024. Although not as viral as its counterpart on Ethereum, it has a fair share of patronage on X and has secured some partnerships and CEX listings, including top-tier crypto exchange Gate.io.

According to Dexscreener, it is a CTO (Community Takeover) token, where the creator(s) dump the token on the community members, and the community has decided to handle the responsibility of promoting and managing the token. It has a total supply of 999.93M NEIRO, with zero transaction tax. Some of its known partnerships include Gambly, MarginFi, and Bubblemaps.

NEIROETH Vs. NEIRO

A comparison of Neiro on Ethereum and Solana chains using data as of August 25, 2024. Neiro on Ethereum is the more valued token as it benefits from a larger user base and support from influencers in the meme coin sector.

Ethereum Vs. Solana Blockchains: A Comparison of Layer 1 Chains in the Meme Coin Market

Ethereum and Solana are leading Layer 1 blockchains that have successfully hosted decentralized applications and projects, including meme coins.

Ethereum is renowned for its reliability as an established ecosystem with high volume and liquidity. However, it faces challenges such as high gas fees and scalability issues due to network congestion.

Solana, on the other hand, is a strong competitor, especially for meme coins, thanks to its faster processing speeds and low transaction costs. Since late 2023, Solana has experienced a surge in new meme coin projects, offering an attractive alternative to Ethereum’s higher fees. While Solana previously struggled with outages and instability, recent upgrades

have resolved these issues.

According to Coinmarketcap’s analysis of the first half of 2024, Solana-based meme coins, on average, outperformed those on Ethereum by nearly eight times year-to-date.

Source: CoinMarketCap

What is NEIROETH Token?

The initial total supply of NEIROETH is 1 billion, with almost all those tokens circulating. $NEIROETH is an ERC-20 token with zero tax; no additional fee is deducted by NEIROETH when you buy, sell, or transfer the token.

Is NEIROETH a Good Investment?

Neiro is a hot trend as of the time of writing (August 2024), partly because of its connection to the late Kabosu the Doge. This connection gives it the potential to ride on Dogecoin’s popularity and become a popular meme coin. NEIROETH has the support of key opinion leaders in the crypto space and could benefit from Ethereum’s large user base, which may lead to increased liquidity.

However, similar tokens on other blockchains could slow its growth, as investors may prefer Neiro on Solana due to gas fee costs and a lower entry point. On a positive note, this competition could also be fun and healthy, as supporters of different chains compete to make their version of Neiro the most valuable.

Investors are encouraged to research and evaluate their risk tolerance before investing in the project or any other cryptocurrency because of the risks involved. They should also consider the cryptocurrency market’s volatility and potential regulatory changes. Additionally, investing in any Neiro meme project does not guarantee profit and could result in capital loss.

How to Own NEIROETH?

To own NEIROETH, you can use the services of a centralized crypto exchange. Start by creating a Gate.io account and get it verified and funded. Then, you are ready to go through the steps to buy NEIROETH.

News on NEIROETH

NEIRO ETH Now on Houdini Swap

NEIROETH is available on Houdini Swap, a cross-chain liquidity aggregator where users can swap, send, or bridge cryptocurrencies privately. Houdini announced this via its X account, stating that it will share 50% of the revenue generated from the swaps on its token to help build its treasuries and contribute to its early success.

NEIRO To Feature on GIF Keyboard

NEIROETH announced a partnership with Tenor, creators of the GIF Keyboard. Users will be able to share Neiro GIFs via messaging platforms like Telegram. X and Discord.

Useful References

For the latest updates about NEIROETH, you can visit:

• Official website
• X
• Telegram

Take Action on NEIROETH

Check out NEIROETH price today and start trading your favorite currency pairs:

• NEIROETH/USDT