<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?

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