Competition is no stranger to the cryptocurrency world, and the battle between the two $SHIRO tokens is a perfect example of how competition can shape the narrative of a meme token.
On the one hand, it is @CTOShiroNekoalso known as “OG Shiro” who claims so the first $SHIRO token launched on Ethereum.
On the other hand, there is the newer $SHIRO project, launched in December 2024, which has gained a lot of attention but has also faced criticism for alleged unfair practices.
Many people have compared the story of $NEIRO, another Ethereum-based meme token, where one version dominated the competition by focusing on transparency and powerful community support.
The question remains: Can @CTOShiroNeko become the ultimate $SHIRO token and follow a path similar to the success of $NEIRO?
OG Shiro: strengths and achievements
@CTOShiroNeko, often called “OG Shiro”, claims to be the first and original $SHIRO token launched on the Ethereum blockchain.
With a 75-day head start on the competition, the project focused on establishing itself as a community-driven and crystal clear option in the meme token space.
Key strengths
- First mover advantage
As the first $SHIRO token on Ethereum, @CTOShiroNeko benefits from historical credibility. This early launch established it as a pioneer, which many supporters see as a sign of authenticity compared to the newer $SHIRO design. - Community-centered development
The project emphasizes the vigorous involvement of its owners. Initiatives such as the Christmas art competition, in which community members submit imaginative designs for the token brand, focus on building loyalty and participation. - Consistent market performance
Despite the competitive landscape, @CTOShiroNeko has shown steady growth. The company’s market capitalization increased from $1.16 million to $4 million after a key market push and is currently stable at $2 million. The project recently surpassed 1,000 holders, adding 500 recent wallets in less than a week. - Fair practices
Unlike its competitor, which has faced allegations of insider manipulation, @CTOShiroNeko emphasizes its commitment to honesty and transparency. This focus has helped the company maintain a trusted reputation within its growing community.
Thanks to these advantages, @CTOShiroNeko stands out as a project with the potential for further expansion. However, it faces challenges in strengthening its position among competitors and building the momentum needed for wider adoption.
Newer $SHIRO: hype and controversy
The launch of the newer $SHIRO token in December 2024 saw explosive growth and equally intense scrutiny. Within an hour of its debut, the token reached a market capitalization of $1 billion, which was supported by aggressive promotion and a wave of investor interest. But what initially seemed like a meteoric rise quickly gave way to allegations of insider manipulation and questions about its long-term sustainability.
Rapid growth
The token’s launch on December 2, 2024 capitalized on the growing popularity of meme coins. Endorsements from top cryptocurrency accounts helped create initial buzz, attracting significant trading volume and increasing the market capitalization to $1 billion in record time.
Allegations of manipulation
Critics accuse the project of using questionable practices during its launch. Reports suggest that insiders spent $35,000 to capture 90% of the token’s supply within the first minute, raising concerns about centralization and fairness. Many in the crypto community have termed this launch as unfair, with some even calling it fraudulent.
Decrease
After its initial peak, the newer $SHIRO token has seen its value plummet. As concerns about its legality grew, investor sentiment deteriorated and the token’s market capitalization dropped significantly. Despite efforts to regain momentum, the company has struggled to reverse the damage caused by the controversial launch.
The ups and downs of the newer $SHIRO stand in stark contrast to @CTOShiroNeko’s consistent and crystal clear approach, solidifying the latter’s position as the more trusted $SHIRO token among many in the community.
Lessons from $NEIRO
$SHIRO’s rivalry reflects $NEIRO’s history, where NEIROCTOthe Ethereum-based version has gained dominance over its counterpart on the same blockchain. NEIRO’s success, which recently surpassed a market capitalization of $800 million, was due to three factors:
- Blockchain strategic choice: Ethereum’s greater liquidity and user base gave NEIRO a significant advantage.
- Community trust: Transparency and vigorous engagement have ensured continued adoption.
- Exchange offers: Platforms such as Binance and Coinbase have increased their visibility and trading volume.
Like NEIRO, @CTOShiroNeko could leverage Ethereum’s advantages and community trust to emerge as a stronger $SHIRO token provided it scales effectively.
Could @CTOShiroNeko follow NEIRO’s path?
@CTOShiroNeko, “OG Shiro”, has great potential to repeat NEIROETH’s success. The compact market cap of $2 million provides significant growth potential, making it an attractive option for early investors.
However, @CTOShiroNeko faces obstacles, including competition from the newer $SHIRO project and the need to gain broader market recognition through stock exchange listing and reach.
By leveraging its strengths and facing these challenges, @CTOShiroNeko is positioned to follow NEIROETH’s path and establish itself as the ultimate $SHIRO token.
