Binance, the world’s largest cryptocurrency exchange, has just welcomed three new meme coins to its trading platform, causing a flurry of excitement in the crypto community. Neiro (NEIRO), Baby DogeCoin (BabyDoge), and Turbo (TURBO) have now joined the ranks of popular meme coins like Dogecoin and Shiba Inu, sparking speculation about whether they will follow in these coins’ footsteps and achieve similar success.
Binance Listing – What Traders Should Know
Starting today, traders can begin trading these tokens, which have been tagged with a Seed Label on Binance. This includes trading pairs with Tether (USDT), a move that typically enhances liquidity and trading volume. Users will be able to withdraw their holdings beginning Tuesday, September 17.
With Binance’s impressive roster of over 220 million registered users, the listing of these meme coins significantly boosts their visibility. While historical trends suggest that such listings sometimes provide early investors with an exit opportunity, the initial market reaction has been largely positive.
Binance’s licensing in over 19 countries and its deep liquidity make it a highly attractive platform for trading. The availability of trading bots and spot copy trading for these new meme coins is expected to further drive up trading volumes, amplifying their market presence.
Impact on the Crypto Market
The introduction of Neiro, Baby DogeCoin, and Turbo has led to dramatic price surges, even as the broader cryptocurrency market struggles with bearish conditions. Here’s a snapshot of their recent performance:
- Neiro (NEIRO): Neiro has experienced a meteoric rise, surging by over 440% in the last 24 hours. It is currently trading at approximately $0.000245, with a fully diluted market cap of $103 million and daily trading volumes of $43 million. This impressive performance indicates that Neiro is in a price discovery phase, hinting at potential future growth.
- Baby DogeCoin (BabyDoge): Baby DogeCoin’s price jumped more than 55%, reaching $0.00000000165 during Monday’s early European session. With 1.87 million holders and liquidity exceeding $22 million, Baby DogeCoin is poised for further gains, capturing the attention of investors eager to capitalize on its upward momentum.
- Turbo (TURBO): Turbo saw a more modest 17% rise over the last 24 hours, trading at $0.000438. While its market size is smaller compared to Neiro and Baby DogeCoin, its performance remains noteworthy and continues to attract attention from traders and analysts alike.
Also Read: Hamster Kombat Airdrop – 60B HMSTR Tokens Available, 3B For Binance Launchpool!
The Road Ahead
As these new meme coins gain traction on Binance, they present both opportunities and risks. Their rapid price movements underscore the high volatility typical of the meme coin sector, but they also highlight the potential for substantial gains. Traders and investors will be closely watching to see if Neiro, Baby DogeCoin, and Turbo can sustain their momentum and carve out a niche in the competitive world of cryptocurrencies.
In summary, the Binance listing marks a significant milestone for these meme coins, setting the stage for potential future successes similar to Dogecoin and Shiba Inu. As the market absorbs these new entries, all eyes will be on their performance in the coming weeks.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
About The Author
