While the broader cryptocurrency market struggled in early September, with Bitcoin falling below $60,000, one memecoin has defied the trend. Neiro, which brands itself as the “First Neiro on Ethereum,” has experienced an impressive surge of 83.8% in the past 24 hours. The coin is currently trading at $0.000901 and holds the #719 spot on CoinGecko.

Neiro’s Market Performance and Potential

Neiro’s recent rally is notable considering its highest recorded price was $0.0001425, just 16 days ago. The current price remains 39.97% below this all-time high. Despite this, Neiro has achieved a market cap of $36,629,406 and has seen a significant increase in its 24-hour trading volume, which has risen to $12,873,858—a 36.60% boost from the previous day.

Neiro/USDT 24 Hours Chart (CoinGecko)

The meme coin’s rise comes amid a broader downturn in Bitcoin prices. After dipping to around $58,000 in mid-August, Bitcoin’s poor performance has triggered increased trading activity in memecoins. Neiro, often referred to as the “sister of Doge,” has attracted significant attention, with trading volume soaring by up to 50% during this period.

Growing Popularity and Future Prospects

Launched in July, Neiro has quickly gained traction as a top meme coin of the current cycle. It boasts over 23,000 followers on its official X account and is listed on prominent exchanges such as Bybit. There are speculations that Neiro could soon be listed on Binance, especially following Ethereum founder Vitalik Buterin’s recent sale and donation of animal tokens.

Analysts and traders are optimistic about Neiro’s future, predicting it could potentially achieve a $1 billion market cap within the next 30 days. With increased investor interest and ongoing market fluctuations, Neiro may well be positioning itself as a significant player in the memecoin arena, drawing comparisons to DOGE.