Neiro (NEIRO) Price Pumps After Shiba Inu's Official Twitter Account Follows It

A post from SlumDOGE Millionaire on X drew attention to what appears to be a potential collaboration for something significant within the meme coin ecosystem.

A post by SlumDOGE Millionaire on Twitter has brought attention to a potential collaboration between two major meme coins. The official Shiba Inu account on Twitter, which has over 3.7 million followers, recently followed Neiro Ethereum (NEIRO), a new meme coin that was launched around three weeks ago.

This action by the Shiba Inu account has been interpreted as clear support for NEIRO, which SlumDOGE refers to as “the new DOGE and the new Shiba Inu dog on Ethereum.”

The official @Shibtoken main twitter account just followed $NEIRO ??The official $SHIB twitter account has almost 4 million followers and it’s clearing showing support for the new Doge, the new Shiba Inu dog on ETH. Big things coming… pic.twitter.com/DxhZk2t8NH

NEIRO Technical and Onchain Analysis Showing Positive Figures

The endorsement by the Shiba Inu community has injected positive sentiment into the NEIRO Ethereum ecosystem. The price action is in the green, with the RSI reading 34 on the 4-hour timeframe, indicating that the price is approaching an oversold zone and suggesting potential gains. The price is already up by 3%.

Despite being a new meme coin, data from CoinMarketCap shows that NEIRO has already reached a market cap of over $200 million (up 3% in the last 24 hours), with its 24-hour trading volume increasing by more than 170% in the same period.

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Read Also: Expert Predicts Meme Coin’s 50x Rally If BTC Price Soars

These rising figures demonstrate continued interest in the token, which is likely bolstered by support from the Shiba Inu community. The meme coin community will be watching closely for any signs and results that could emerge from this endorsement by Shiba Inu, which could signal great things to come for the NEIRO community.

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