Neiro, a popular meme coin with a market cap above $800 million, is nearing saturation

The next NEIRO? These meme coins are making waves this bull run As Neiro's momentum declines, newer coins like Pepe Unchained and Flockerz, focusing on utility and community governance, are emerging as strong contenders in the meme-coin market

First Neiro On Ethereum (NEIRO) is a hot crypto of this season. However, having exploded to a market cap above $800 million, the project is nearing saturation. Which meme coins will take centre stage as NEIRO begins price correction?

Is NEIRO going down?

NEIRO has showcased an impressive performance in the meme-coin market since August. In a matter of weeks, the project has amassed large community support, despite the ups and downs in the broader market.
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NEIRO has an interesting backstory that cleverly rides the dog coin wave. “Neiro is like the little sister to Doge and the heir to her legacy. Adopted by the same woman that once owned Kabosu (the dog behind the Doge meme), Neiro carries forward the true spirit of meme coins and internet culture,” states the website.

The project’s popularity and the token demand shot up after it caught the attention of Vitalik Buterin, the Founder of Ethereum.

Vitalik Buterin has been making donations to animal welfare funds in animal-themed meme coins. He holds the view that meme coins can benefit society by funding significant projects.
43-1Spotlight WireThe meme coin community soon embraced NEIRO, sending it to new heights over the next few weeks. It is the ninth biggest meme coin as per the CoinMarketCap ranking.
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However, as new meme coins vie for attention, NEIRO is struggling to maintain its momentum. These are the two emerging crypto coins that pose a threat to NEIRO this month.

1. Pepe Unchained (PEPU)

The first top memecoin to watch now is Pepe Unchained. The project is entering the market with an ambitious goal of building a layer-2 infrastructure specifically for the memecoin market.

The PEPU presale has already crossed the $20 million mark as the Pepe Unchained community on X (formerly Twitter) explodes to 48K followers. The Pepe branding and technical utility are behind the token’s popularity

While the project taps into the cultural appeal of the ‘Pepe The Frog’ theme, it doesn’t settle for a meme-coin identity. It aims to build a strong presence among utility tokens as well.
43-2Spotlight WireAs per the website, Pepe Unchained will be a fast and efficient network designed to leverage its memecoin niche. What is the relevance of Pepe Unchained when there are layer-2 solutions like Arbitrum, Optimism, and Base?

They target the broad crypto market, while Pepe Unchained zooms in on solving the specific problems faced by meme-coin traders. In the meme-coin market, profitability depends upon quick decision-making, thanks to high volatility. Network clogs on layer-1 blockchains like Ethereum make this difficult.

They lead to ridiculously slow transactions and high transaction fees, influencing exit and entry strategies. A project like Pepe Unchained could change this.

Beyond its technical features, Pepe Unchained is also drawing attention with its catchy, vibrant social media presence. The meme coin describes itself as a brainy and liberated Pepe. The content and illustrations unabashedly ride the Pepe wave.

Pepe Unchained has drawn the attention of popular crypto influencers like ClayBro. In a recent video, the influencer compared the project to Pepe, analysing its growth potential.
Pepe is one of the most popular meme coins. It currently ranks third on the meme-coin chart with a market cap above $4 billion. However, Pepe faces a severe lack of utility and purpose, apart from riding the speculative meme-coin wave. Pepe Unchained, on the other hand, brings utility in meme-coin packaging.

The $PEPU presale has a dynamic pricing structure that rewards early participants. Fiat and crypto payments are accepted in the presale.

Visit the Pepe Unchained (PEPU) presale

2. Flockerz (FLOCK)

The second top crypto to watch this season is Flockerz (FLOCK). The project is building momentum in the crowded meme-coin market with a flashy theme centred around a flock of birds.

The flock represents its memecoin community. It reflects the project’s focus on community engagement and decentralised governance.

Flockerz aims to give members an opportunity to influence its future developments through a vote-to-earn system. It promotes engagement and participation while supporting the $FLOCK token.
43-3Spotlight WireThe crypto market is known for decentralised projects. However, their governance often remains in the hands of small groups of people. Flockerz aims to make a change and grant decision-making power to investors.

It ties the governance system to the FlockTopia DAO, driven by the $FLOCK token. It makes community participation a vital part of the ecosystem. Those who cast votes can also reap rewards in FLOCK tokens.

The goal is to provide opportunities to investors based on the number of tokens they hold and the votes they cast. Here, no team or entity will call all the shots. Decisions are left to the collective. The more active a participant is, the more $FLOCK tokens they can earn.

https://x.com/FlockerzToken/status/1845564799712932213

The presale of $FLOCK tokens has soared past the $700,000 milestone. It is a gateway for investors looking to get in at fixed discounted prices. The initial market caps of presale tokens also tend to be low. On the security front, FLOCK has undergone audits by Solidproof and Coinsult. The audit reports have been published on the website.

Visit the Flockerz (FLOCK) presale

Name: Pepe Unchained
Email: [email protected]

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This story originally appeared on: India Times - Author:Faqs of Insurances