Neiro ETH and Shiba Inu: Community Builders 

(Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. Every investment and all trading involves risk, so you should always do your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.)

What do Neiro ETH and Shiba Inu have in common, besides really cute dog mascots? 

A legacy tied to Dogecoin, of course. But more than that, these tokens rely heavily on COMMUNITY to validate their existence. Communities drive engagement, elevate expectations, and draw investors. They are the brand ambassadors at events and collectors of merch. They have a lot of power because crypto is super competitive, there are thousands of tokens out there, and their value rests on their visibility and, well, FAITH.

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When Shiba Inu launched in 2021, it challenged Dogecoin’s supremacy. Dogecoin appeared in 2013 as a kind of prank on Bitcoin and invoked the famous “Doge” meme that owned the internet that year. With “much hype” and “so fame” it was just a matter of time before a coin would copy its formula and ride on its success. But Shiba Inu went one step further: it harnessed community engagement to its brand, which drove its value up exponentially that year. It was dubbed the “Dogekiller” and the coin’s mascot is a meaner-looking shiba inu.

Neiro ETH (also known as First Neiro) was released on July 29, 2024, and named after the brother of Kobosu (the original Doge). Like Shiba Inu, Neiro relied heavily on community to bolster its visibility and draw investment. Like Shiba Inu, its value skyrocketed upon release, but it faces a few challenges, such as:

• It competes with other coins, specifically Cabal Neiro, that utilize the “Neiro” moniker and thus confusing the investor community. 
  • While it is community-based and claims it is decentralized, there have been rumours of some sketchy business practices, leading to skepticism and uncertainty, never fortuitous for any ambitious project.

But if its short history is any indication, Neiro ETH is a real contender in DeFi. After its initial offering this past summer, the coin surged spectacularly in mid-August. Vitalik Buterin’s mention in a tweet led to a 427% price surge in one candle. In the days following its token holder count grew like crazy and entered MEXC, CoinW, and CoinEX Global. In September Neiro Foundation donated to the TMTRD.org foundation, feeding 40,000 dogs for two months. As of mid-September, Neiro ETH secured a spot on Binance and reached a market cap of $400 million.

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So investors, do your research and find out more about Neiro ETH. Like Shiba Inu, also operates on Ethereum, benefiting from the blockchain’s decentralized infrastructure and smart contract capabilities. This ensures that Neiro ETH can tap into the same ecosystem of DeFi applications, liquidity, and decentralized exchanges (DEXs) that played a pivotal role in Shiba Inu’s growth.