On September 10, the meme coin market showed a strong recovery with significant gains from tokens like DOGE, SHIB, POPCAT, and KOIN.
Meme Coins Growth
The meme coin sector suffered painful losses over the past few days, with its market capitalization briefly dropping below $40 billion. However, the landscape looks different today (September 10), with numerous tokens charting substantial gains. The leading meme coin, Dogecoin (DOGE), reached a two-week high after surpassing $0.10, while its biggest rival, Shiba Inu (SHIB), saw its price rise by 2% daily. Cat-themed memes, such as Popcat (POPCAT) and Kittekoin (KOIN), particularly stood out. POPCAT jumped by 15% in the last 24 hours, while KOIN reached a new all-time high of almost $0.25 after skyrocketing by over 80%, currently trading at around $0.18.
NEIRO's Progress
The recently launched dog-themed meme coin Neiro (NEIRO) on Ethereum also found a spot among the biggest gainers. Its price surged by 15% in the last 24 hours, reaching $0.18 for the first time since mid-August. This resurgence happened shortly after Binance listed NEIRO, launching a USDT-margined NEIRO/ETH perpetual contract. This product enables users to bet on the price changes of digital assets without actually owning them, offering high leverage and no set end date. Earlier this week, Crypto.com and OKX also supported NEIRO, adding trading and withdrawal options. NEIRO's impressive weekly growth of 450% is notable.
Analysts' Predictions
Numerous analysts foresee a further rally for NEIRO. Johny, an X user with almost 700,000 followers, believes the current price zone of $0.18 is the last resistance before a new all-time high. MoneyLord expects NEIRO to repeat the success of WIF, which recently surged from $160 million to $4.5 billion in 28 days.
The meme coin market has shown significant recovery, with both established and new tokens among the top gainers. Analysts predict continued success for certain meme coins like NEIRO.
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