Bitrabo Editorial
There is buzz in the crypto world about a potential successor to Dogecoin following an announcement from the owner of the beloved Kabosu. This development has sparked the creation of various meme coins, with one gaining traction to possibly join the league of billion-dollar cryptocurrencies.
New Addition to Kabosu’s Family
Recently, Kabosu’s owner, affectionately called Kabosu Mama, revealed the arrival of a new Shiba Inu named “Neiro.” This news has intrigued the crypto community, especially since Kabosu, the original Shiba Inu that inspired Dogecoin, passed away earlier this year, leading to the birth of numerous dog-themed meme coins.
Following the introduction of Neiro by Kabosu Mama, several ‘Neiro-themed’ meme coins swiftly emerged. Many Neiro tokens were swiftly launched on the Solana blockchain using the Pump Fun token generator, with some of these tokens amassing millions in market capitalization.
Amidst the flurry of activity, the Neiro token on the Ethereum blockchain has stood out, boasting the highest market capitalization among all Neiro-related tokens across various chains. Current data from DEX Screener shows the Ethereum-based Neiro token commanding a market cap of around $109 million, surpassing its Solana counterparts.
Can Neiro Follow Dogecoin’s Success?
The remarkable rise of the ETH Neiro’s market cap beyond $100 million has sparked speculation that it could potentially replicate Dogecoin’s success. There is a sentiment in the crypto community that Neiro, being a successor to Kabosu and a ‘sister’ to Dogecoin’s inspiration, could follow a similar path to success.
Crypto analysts are optimistic about Neiro’s future, with some like Jake Gagain projecting that the ETH Neiro could reach a market cap of $1 billion or even higher. The ETH Neiro is viewed as the frontrunner among the various Neiro tokens, particularly due to the saturation of Neiro tokens on the Solana blockchain.
Despite concerns raised by the analytics tool Bubblemaps about the token’s supply distribution, the ETH Neiro has continued to rally, hitting new all-time highs. If it attains a market cap of $1 billion, it will join the ranks of other billion-dollar dog-themed meme coins like Dogecoin, Shiba Inu (SHIB), Bonk (BONK), Dogwifhat (WIF), and Floki (FLOKI), becoming only the third dog-token on Ethereum to achieve this milestone, alongside Shiba Inu and FLOKI.