bullish

SUNDOG

Million

Neiro Ethereum

Coin

This month, high volatility in the crypto markets induced a mix of ups and downs. Major cryptocurrencies, like Bitcoin, Ethereum, Solana, etc., suffered huge losses at the very beginning of August. Meanwhile, top meme coins still made a run for gains. 
However, the recent sessions saw a recovery in the market leaders, dragging the altcoins on the higher side. Meme coins also followed the major market trend and indicated mixed performance. 
However, a few meme coins altered the market trends, and significant gains were witnessed this month.&nbsp;Neiro Ethereum(NEIRO),&nbsp;YOUNES&nbsp;(YOUNES), and&nbsp;SUNDOG&nbsp;(SUNDOG) emerged as the top three meme coin gainers in August. 
Let’s analyze each and examine whether they would continue to outperform the markets in the same way. 
<h2 class="wp-block-heading" id="h-top-meme-coin-race-neiro-ethereum-neiro-leading">Top meme coin Race: Neiro Ethereum (NEIRO) Leading</h2> 
Neiro Ethereum&nbsp;emerged as the top meme coin performer in August, adding an impressive 771% to the portfolio of its investors. As per the CoinMarketCap,&nbsp;NEIRO&nbsp;was down nearly 10.1% a day and was exchanging hands close to $0.120.  
<a href="https://in.tradingview.com/chart/NEIROUSDT/dqJEKw4m-Neiro-Ethereum-NEIRO/"> </a>&nbsp; <a href="https://in.tradingview.com/u/Ritika_TCR/"> </a> &nbsp; <a href="https://in.tradingview.com/"> </a>  
Neiro Ethereum&nbsp;offers zero buy/sell tax and no team tokens, indicating a community-driven approach. It aims to present itself as one of the top meme coins, just like Dogecoin. Its live market capitalization was $120.55 Million, and it ranked 300th in the crypto-verse. 
Moreover, the daily transaction volume dropped by 6% to $21.77 Million a day. The price action analysis highlighted a long-term bullish trend with a short pullback. The&nbsp;NEIRO&nbsp;price hovered near the support of the $0.116 level. 
If the bulls make a comeback and the price takes a rebound, it may indicate a trend continuation, and the price may show gains. However, if NEIRO breaks below the support, it may indicate weakness in the short term, and the price may incur losses. 
<h2 class="wp-block-heading" id="h-younes-younes">YOUNES (YOUNES)</h2> 
YOUNES&nbsp;outperformed hundreds of meme coins to become one of August’s top three best-performing meme coins. It secured the 2nd highest gainer spot in the meme coin sector, adding nearly 370% in August. 
At the time of writing,&nbsp;YOUNES crypto&nbsp;was exchanging hands close to 0.00631, recording a nearly 7% loss in intraday. It is a community meme token embodiment of&nbsp;YOUNES. Its market capitalization at press time was $6.31 Million, and it ranked 1153rd in the crypto space. 
The volume-to-market cap ratio of 9.29% suggested high volatility in the crypto. Its circulating supply and total supply were 999.99 Million tokens. 
<h2 class="wp-block-heading" id="h-sundog-sundog">SUNDOG (SUNDOG)</h2> 
Following the&nbsp;Neiro Ethereum&nbsp;and&nbsp;YOUNES&nbsp;meme coins,&nbsp;SUNDOG&nbsp;emerged as the third top meme coin gainer of the month. It rose nearly 343.1% in August. When writing, It ranked 214th with a market capitalization of $292.8 Million.  
<a href="https://in.tradingview.com/chart/SUNDOGUSD/RLRKciVZ-SUNDOG-SUNDOG/"> </a> &nbsp; <a href="https://in.tradingview.com/u/Ritika_TCR/"> </a> &nbsp; <a href="https://in.tradingview.com/"> </a>  Source: TradingView 
From a technical standpoint,&nbsp;SUNDOG crypto&nbsp;hovered above the key Exponential moving average of 20, 50, and 200 days. It suggested a long-term as well as short-term bullish structure. The key EMAs might become dynamic support if the price pulls back. 
Moreover, the daily transaction volume surged by 23% in a day to $74.94 Million. The volume to market cap ratio at 25.3% suggested high volatility. 
The trend outlook was bullish, and the&nbsp;SUNDOG price&nbsp;hovered near an ATH, indicating more potential on the higher side. 
Note: No chart Available For Younes 
The post <a href="https://www.thecoinrepublic.com/2024/08/28/top-3-performing-meme-coins-of-august-neiro-younes-sundog/">Top 3 Performing Meme Coins Of August: NEIRO, YOUNES, SUNDOG</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.

Top 3 Performing Meme Coins Of August: NEIRO, YOUNES, SUNDOG

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