Neiro Ethereum (NEIRO) and Shiba Shootout (SHIBASHOOT) Meme Coins Rally Despite Market Dip

The meme coin market is at it again. Neiro Ethereum (NEIRO) has blasted off, rocketing over 1,000% to hit $0.2 earlier today.

Meme coin season is back in full force. After a dull period in the past few months, several new meme coins have entered the market, quickly racking up millions of dollars.

One of the standout performers is Neiro Ethereum (NEIRO), which has blasted off, rocketing over 1,000% to hit $0.208 earlier today, according to CoinMarketCap. The token has also seen over $36 million in trading volume in the past 24 hours.

This rapid ascent has seen NEIRO become the third-trending cryptocurrency on CoinMarketCap, quickly gaining attention from investors. The token also recently secured listings on major centralized exchanges (CEXs) like LBank and MEXC, despite having no use case or utility to speak of.

However, while NEIRO is performing well, the rest of the meme coin market is having a rough time of it. Most of the top meme coins are deep in the red, with Dogecoin (DOGE) leading the pack with a loss of over 4% in the past 24 hours. Other meme coins, such as PEPE and WIF, have also seen significant sell-offs.

This slump has impacted the meme coin market cap, which has dipped below $47 billion as of press time. However, it is worth noting that this downturn is not happening in isolation, as the broader crypto market is also experiencing a sell-off.

Bitcoin, after briefly tapping $70,000 earlier this week, has retreated below $65,000. The Crypto Fear & Greed Index has also dropped to 52, firmly in “Neutral” territory. It seems the market is pulling back after the bullishness of the past few days.

So, while NEIRO is rallying, it is swimming against the tide. Investors will be watching closely to see whether it can maintain this impressive momentum in such a challenging environment.

Shiba Shootout Meme Coin Offers Wild West Gaming & Nears $1M in ICO

Another project that has stood out despite the recent market dip is Shiba Shootout, a Wild West-themed meme coin that is nearing the $1 million presale milestone.

Shiba Shootout aims to be more than just another hype-driven token, offering a whole “cowboy adventure,” complete with a sheriff dog called Marshal Shiba. It’s a unique setup.

Shiba Shootout features a P2E mobile game that lets players explore a virtual Wild West world. A basic version of the game is now available, but the developers plan to update it with Web3 features later this year. This will allow players to earn SHIBASHOOT tokens by playing the game.

But Shiba Shootout’s ecosystem includes much more, such as a “Cactus Staking” program with impressive reward rates. There’s also the “Savings Saddlebags” feature, encouraging long-term holding.

Perhaps the most exciting aspect is the “Lucky Lasso Lottery.” A portion of the proceeds from this lottery will go to charity, which is a welcome touch in a market that’s often perceived as being solely about making money.

Shiba Shootout has already gone viral on social media thanks to these factors. And big-name YouTubers like ClayBro have also started to notice, adding to the project’s credibility.

All of this is even more noteworthy considering the current struggles other meme coins are facing. Visit Shiba Shootout Presale

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