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‘Dogecoin Sister’ Erupts 965%, Two Additional Memecoins Explode After Binance Announces Spot Trading Support

September 16, 2024
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‘Dogecoin Sister’ Erupts 965%, Two Additional Memecoins Explode After Binance Announces Spot Trading Support


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One Ethereum (ETH)-based memecoin is hovering by triple digits after a sudden itemizing by Binance, the world’s largest crypto buying and selling platform by quantity.

As Binance introduced on Monday spot trading help for First Neiro (NEIRO), dubbed by the challenge as “the official sister of DOGE,” the altcoin rallied greater than 965%.

NEIRO at the moment has a market cap of $170.3 million and is buying and selling for $0.0004089 at time of writing.

Binance additionally introduced the itemizing of two different memecoins on the Ethereum blockchain, synthetic intelligence (AI)-inspired Turbo (TURBO) and Child Doge Coin (BABYDOGE).

Turbo is buying and selling for $0.004737 at time of writing, up greater than 20% within the final 24 hours. With a market cap of $329 million, Turbo is the 177th largest cryptocurrency.

In the meantime, Child Doge Coin at the moment has a market cap of $301.7 million and is buying and selling for $0.000000001994 at time of writing, up 80% on the day.

Says Binance,

“Binance will listing First Neiro on Ethereum (NEIRO), Turbo (TURBO), Child Doge Coin (1MBABYDOGE) and open buying and selling for the next spot buying and selling pairs at 2024-09-16 10:00 (UTC). New Spot Buying and selling Pairs: NEIRO/USDT, TURBO/USDT, 1MBABYDOGE/USDT, customers can begin depositing NEIRO, TURBO, 1MBABYDOGE in preparation for buying and selling one hour later. Withdrawals will open at 2024-09-17 10:00 (UTC).”

Binance is attaching a seed tag to all three memecoins, which the alternate applies to lower-liquidity initiatives which will exhibit increased volatility in comparison with different listed tokens. Binance requires customers who personal property with seed tags to cross quizzes each 90 days to make sure they’re conscious of the dangers earlier than buying and selling the tokens.

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Disclaimer: Opinions expressed at The Each day Hodl will not be funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal threat, and any losses you might incur are your accountability. The Each day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Each day Hodl an funding advisor. Please word that The Each day Hodl participates in internet affiliate marketing.

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