The cryptocurrency community may be witnessing the birth of another Dogecoin after the recent announcement of the owner of the beloved Kabos. This has led to the launch of several meme coins, one in particular of which seems well-positioned to join the ‘billion dollars‘Club.
Kabosu’s owner has a modern Shiba Inu dog
Owner of Kabos (also known as Kabosu Mama) announced on X (formerly Twitter) fasting that she got a modern Shiba Inu named “Neiro”. This immediately caught the attention of the crypto community, considering that Kabosuwho passed away in May, inspired the creation of the most popular meme coin, Dogecoin, and several other dog-themed meme coins.
Similarly, Kabosu Mama’s announcement about her modern Shiba Inu immediately led to the launch of several “Neiro” themed meme coins. Hundreds of Neiro tokens were quickly deployed on Solana Chain via the Pump Fun token generator, with the market capitalization of these tokens reaching into the millions.
However, amidst all this noise and trading volume, the Neiro token on the exchange Ethereum Chain stands out. It has the highest market capitalization among all Neiro-themed tokens across all chains. According to data with DEX Screener, the Neiro token on Ethereum currently has a market capitalization of around $109 million. Meanwhile, the highest rated Neiro token market capitalization is approximately $37 million.
Is Neiro the next Dogecoin?
ETH Neiro’s market capitalization has soared past $100 million, leading to predictions that the meme coin could become the next DogecoinThe cryptocurrency community seems to be leaning towards the narrative that Neiro is the successor to Kabosu (which inspired Dogecoin), as the former was adopted after Kabosu’s death. Neiro is also considered the “sister” of Kabosu, which is why it is believed that the Neiro token could replicate DOGE’s success.
As such, cryptocurrency analysts such as Jake Gagain To have he suggested that ETH Neiro could easily reach a market cap of $1 billion or even more. ETH Neiro was also declared the “clear winner” among all Neiro-themed tokens due to the saturation of Neiro tokens on the Solana chain.
This opens a clear path for ETH Neiro to join the “billion dollar” meme club as liquidity is shared between the various Solana Neiro tokens. However, ETH Neiro has experienced some FUD with Bubblemaps blockchain analysis toolWhich revealed that the token supply is tightly controlled, with 78% of the supply having been sold at launch. However, ETH Neiro holders seem undaunted by this, seeing as the meme coin has reached a modern all-time high (ATH) since then.
If ETH Neiro eventually reaches a market capitalization of $1 billion, it will join Dogecoin, Shiba Inu (SHIB)Bonk (BONK), Dogwifhat (WIF) i Floki (FLOKI) as the only dog-themed meme coins to boast a billion-dollar market cap. In the meantime, it will become just the third dog-themed token on Ethereum to achieve such status, joining Shiba Inu and FLOKI.
Featured image created with Dall.E, chart from Tradingview.com
