<p>The crypto community might be set to witness the birth of the next <a href="https://bitcoinist.com/dogecoin-elon-musk-crypto/">Dogecoin</a> following a recent announcement made by the beloved Kabosu’s owner. This has led to the launch of several meme coins, with one in particular looking well-primed to join the ‘<a href="https://bitcoinist.com/3-meme-coins-market-cap-100-billion-bull-cycle/">billion-dollar</a>’ club.&nbsp;</p> 
<h2 id="kabosu-s-owner-gets-new-shiba-inu-dog">Kabosu’s Owner Gets New Shiba Inu Dog</h2> 
<p><a href="https://bitcoinist.com/kabosu-dogecoin-beloved-shiba-inu-mascot-dies/">Kabosu’s owner</a> (also known as Kabosu Mama) announced in an X (formerly Twitter) <a href="https://x.com/kabosumama/status/1817304824431657271" rel="nofollow" target="_blank">post</a> that she had gotten a new Shiba Inu named “Neiro.” This immediately caught the crypto community’s attention, considering that <a href="https://bitcoinist.com/dogecoin-real-life-pooch-is-sick/">Kabosu</a>, who passed away in May, inspired the creation of the foremost meme coin, Dogecoin, and several other dog-themed meme coins.&nbsp;</p> 
<img loading="lazy" decoding="async" class="size-medium wp-image-312840" src="https://bitcoinist.com/wp-content/uploads/2024/07/Kabosu.png?w=512&amp;resize=512%2C288" alt="Kabosu" width="512" height="288" data-recalc-dims="1"> 
<p>Similarly, Kabosu Mama’s announcement of her new <a href="https://bitcoinist.com/shiba-inu-web3-game-closed-beta-gain-early-access/">Shiba Inu</a> immediately led to the launch of several ‘Neiro-themed’ meme coins. Hundreds of Neiro tokens were quickly deployed on the <a href="https://bitcoinist.com/crypto-investors-predict-300-as-solana-price-top/">Solana chain</a> through the token generator Pump Fun, with about of these tokens running to millions in market capitalization.&nbsp;</p> 
<img loading="lazy" decoding="async" class="size-medium wp-image-312841" src="https://bitcoinist.com/wp-content/uploads/2024/07/NEIRO.png?w=315&amp;resize=315%2C420" alt="NEIRO" width="315" height="420" srcset="https://bitcoinist.com/wp-content/uploads/2024/07/NEIRO.png?w=384 384w, https://bitcoinist.com/wp-content/uploads/2024/07/NEIRO.png?w=315&amp;resize=315%2C420 315w" sizes="(max-width: 315px) 100vw, 315px" data-recalc-dims="1"> 
<p>However, amidst all the noise and trading volume, the Neiro token on the <a href="https://bitcoinist.com/eight-years-of-ethereum-a-walk-down-memory-chain/">Ethereum chain</a> has stood out. It boasts the highest market capitalization among all Neiro-themed tokens across all chains. According to <a href="https://dexscreener.com/ethereum/0x3885fbe4cd8aed7b7e9625923927fa1ce30662a3" rel="nofollow noopener" target="_blank">data</a> from DEX Screener, the Neiro token on Ethereum currently has a market cap of around $109 million. Meanwhile, the <a href="https://dexscreener.com/solana/dfwtdd9k8vpfcc5dqjfnijnncuqvsgm13c7avkbzzxyh" rel="nofollow noopener" target="_blank">highest-ranked Neiro token</a> has a market cap of around $37 million.&nbsp;</p> 
<h2 id="is-neiro-the-next-dogecoin">Is Neiro The Next Dogecoin?</h2> 
<p>The ETH Neiro’s meteoric rise above the $100 million market cap has led to predictions that the meme coin could become the next <a href="https://bitcoinist.com/meme-coin-dogecoin-shiba-inu/">Dogecoin</a>. The crypto community seems to be leaning toward the narrative that Neiro is a replacement for Kabosu (which inspired Dogecoin) since the former was adopted after Kabosu’s death. Neiro is also considered a ‘sister’ to Kabosu, which is why it is believed that the Neiro token could replicate DOGE’s success.&nbsp;</p> 
<p>In line with this, crypto analysts like <a href="https://bitcoinist.com/here-are-the-top-crypto-predictions-following-the-bitcoin-halving-in-april-2024/">Jake Gagain</a> have <a href="https://x.com/JakeGagain/status/1818483002285998350" rel="nofollow" target="_blank">suggested</a> that the ETH Neiro could easily run to a $1 billion market cap and even higher. The ETH Neiro has also been declared the ‘clear winner’ among all the Neiro-themed tokens because of the saturation of Neiro tokens on the Solana chain.&nbsp;</p> 
<p>This opens a clear path for the ETH Neiro to join the ‘billion-dollar’ meme club while liquidity is shared among the different Solana Neiro tokens. ETH Neiro has, however, suffered some FUD with the <a href="https://bitcoinist.com/solana-memecoin-graveyard-majority-of-june-launches-collapse/">blockchain analytics tool Bubblemaps</a>, which <a href="https://x.com/bubblemaps/status/1818384199520538646" rel="nofollow" target="_blank">revealed</a> that the token’s supply is heavily controlled, with 78% of the supply sniped at launch. However, ETH Neiro holders look undeterred by this, seeing how the meme coin hit a new all-time high (ATH) since then.</p> 
<p>If ETH Neiro eventually attains a market cap of $1 billion, it will join Dogecoin, <a href="https://bitcoinist.com/meme-coin-dogecoin-shiba-inu/">Shiba Inu (SHIB)</a>, Bonk (BONK), Dogwifhat (WIF), and <a href="https://bitcoinist.com/shiba-inu-competitor-floki-poised-for-dogecoin-like-rally-how-high-can-it-go/">Floki (FLOKI)</a> as the only dog-themed meme coins to boast a billion-dollar market cap. Meanwhile, it will become only the third dog-themed token on Ethereum to achieve such status, joining Shiba Inu and FLOKI.&nbsp;</p> 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/DD251Iv2/" alt="Dogecoin price chart from Tradingview.com" width="3286" height="1518">

Beloved Kabosu Owner Gets New Shiba Inu Dog, Is This The Next Dogecoin?

Table of Contents

Bitcoinist

Další články publikované 31. 7. 2024

Ethereum Price Prediction As BlackRock ETF Sees $117M Inflows - Best Crypto To Buy Now?

QCP Capital Says "No Interest Rate Cut Today", Announces Short-Term Bitcoin and Ethereum Expectat...

UK Legal Body Submits Crypto Asset Classification Bill

Crucial Bitcoin 'Fix the Money' Tweet Published by Michael Saylor

Gate.io Enlists Elliptic for Comprehensive Crypto Compliance

Arus Masuk ETF Bitcoin Naik, Institusi Kian Berminat

Join our free newsletter for daily crypto updates!