Canine-themed cryptocurrencies Dogecoin and First Neiro On Ethereum, bounded collectively by a “familial” connection, led the meme coin rally Sunday.
What occurred: NEIRO, named after the newly adopted Shiba Inu pup of the proprietor of Kabosu, which in flip was the inspiration for Dogecoin, pumped over 6% within the final 24 hours.
The Ethereum ETH/USD-based token recorded a 62% leap in buying and selling quantity during the last 24 hours.
Dogecoin, the largest meme coin by market capitalization, rose simply shy of 4%. It was essentially the most traded meme token within the final 24 hours, with volumes hitting $1.35 billion.
Cryptocurrency | Good points +/- | Worth (Recorded at 11:30 p.m. EDT) |
First Neiro On Ethereum (NEIRO) | +6.76% | $0.001608 |
Dogecoin DOGE/USD | +4.96% | $0.1449 |
Unsurprisingly, the rally was spurred by tech titan Elon Musk’s X submit, which included a picture of DOGE exhibiting its bulging biceps.
The Tesla CEO has been continuously mentioning DOGE in his X posts of late, causing the meme coin to document speedy however brief-lived rallies.
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The general meme coin market cap rose 1.5% within the final 24 hours., although established cash like Shiba Inu SHIB/USD and Pepe PEPE/USD trended downward.
The broader cryptocurrency market picked up momentum on the weekend as oil costs tumbled after Israel’s assault on Iran averted hitting the nation’s oil infrastructure. Bitcoin BTC/USD spiked above $68,000 late within the night earlier than making a U-flip towards the mid-$6700 area.
Picture by way of Shutterstock
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