How are the coins Neiro (NEIRO), Dogs (DOGS), and Turbo (TURBO) performing within the crypto market? Let’s see in this article all the details about the prices and some news concerning them.
The rise of emerging altcoins: the case of DOGS
In the last week, the sector of criptovalute has seen a growing interest towards emerging altcoins, with particular attention to the token DOGS.
These alternative coins have shown excellent results, while the price of Bitcoin ($BTC) has remained stable and spot ETFs have recorded inflows for four out of the five trading days.
In this context, DOGS has attracted a lot of attention, positioning itself at the top of the ranking with a market capitalization of 572 million dollars.
The price of the token has increased by 5.2% in the last week, fueled by investor interest and the development of its ecosystem.
DOGS has also received significant support from the community, further strengthening its position in the market.
The cryptocurrency analyst Captain Faibik recently analyzed the trends of DOGS, highlighting signs of a possible recovery.
In a post on X (formerly Twitter), he explained that the token is emerging from a “Falling Wedge” pattern on the hourly chart, a technical formation that often signals a short-term bull.
This has helped to fuel optimism among investors, who see in DOGS a potential profit opportunity.
Despite the promising prospects, it is important to remember that the cryptocurrency market remains extremely volatile and subject to rapid changes.
While analysts like Captain Faibik predict a potential rally for DOGS, investors must always consider the risks associated with this type of investment. Caution is necessary, even when the forecasts seem favorable.
Binance expands support for meme coins: growth of TURBO and other tokens
Binance continues to expand its offering of meme coins. Recently, it has added tokens like First Neiro (NEIRO) on Ethereum, Turbo (TURBO), and Baby Doge Coin (BabyDoge) to its Spot market.
These new assets are attracting the attention of investors, especially at a time of growing interest in meme cryptocurrencies.
These new trading instruments arrive after Binance had already listed other meme coins like Brett, DOGS, and Popcat, contributing to strengthening its leadership in the cryptocurrency market.
After these listings, the crypto projects involved have recorded significant gains, despite the bear sentiment that has affected other parts of the market.
In particular, TURBO has seen an impressive price increase of 17% in the last 24 hours, reaching a value of about $0.000438.
This increase has been further amplified by an operation of one of the first investors of TURBO, identified as 0x976.
After nine months of inactivity, the latter deposited 695.08 million TURBO tokens on OKX, for a total value of 2.65 million dollars.
This trader, who started trading TURBO in May 2023, has accumulated a total of 897.57 million tokens, achieving a return on investment equal to 7.5 times the initial capital in just over a year.
Despite a recent 10% decline in the value of TURBO, the token remains competitive. TURBO ranks among the top 15 meme coins by trading volume, with a total of 46 million dollars in the last 24 hours, according to data from CryptoRank.
The price of the crypto Neiro in comparison with Dogs and Turbo
In the last 24 hours, Neiro (NEIRO) recorded a trading volume of 16,092,455 dollars, showing a decrease of 61.30% compared to the previous day.
This decline reflects a reduction in market activity, signaling a potential cooling of interest in the token. Currently, the market capitalization of Neiro is 4,043,688 dollars, positioning it at the 1831st place in the ranking of CoinGecko.
The market capitalization is calculated by multiplying the token price by the circulating supply, which today amounts to one billion NEIRO tokens tradable on the market.
The fully diluted valuation (FDV) of Neiro, which represents the hypothetical maximum market capitalization with all tokens in circulation, is also $4,043,688.
However, for this scenario to materialize, it might be necessary to wait several years, depending on the issuance schedule planned for the NEIRO tokens.
This indicates that the full market potential of the token might take some time to be reached, offering in the meantime opportunities and risks for investors.
Analyzing the performance of Neiro compared to the global cryptocurrency market, the token has recorded an increase of 0.50% in the last 7 days.
This places it below the global cryptocurrency market, which has increased by 1.30% in the same period, but above similar meme cryptocurrencies, which have experienced a decline of 1.30%.
This intermediate positioning suggests that, despite the volatility of the trading volume, Neiro is maintaining a certain resilience compared to other cryptocurrencies in the same segment.
Although it is not completely following the positive trend of the broader market.
