When the owners of the deceased Kabosu dog announced the acquisition of a new Canine family member, they probably didn’t know they were triggering a memecoin frenzy. The regular memecoin trader would tip NEIRO to go all the way like DOGE. Technically, this should be the case despite the Kabosu-inspired cryptocurrency's first-to-market advantage. Neiro is the ambitious newcomer, the several deployments of NEIRO and even related projects have grown thriving communities, reaching hundreds of millions in market cap, yet it seems the wave is turning into a supercycle.
A supercycle or a wave?
Just like memes are an invaluable part of the internet, memecoins herald the crypto space. One witty token after the other and a multi-billion dollar category emerges. Murad predicted a memecoin supercycle and the possibility of a trillion-dollar valuation for project(s) in this category. But whether he is right or not, memecoins are upsetting the crypto space and beyond. Several memecoin projects have shone through in the past few months; SPX6900, GIGACHAD, POPCAT, the super-cute Moo Deng, and the even cooler NEIRO, and now BabyNeiro.
Yeah I know, BabyNeiro is the less popular one on the list…
What is BabyNeiro?
I could introduce BabyNeiro as “the next 100X Ethereum memecoin”, but any experienced memecoin investor must have already learned to avoid ridiculously shilled memecoins as marketing jibes don’t really grow communities. Rather, insane communities build thriving memecoins. The BabyNEIRO ticker properly introduces the memecoin.
Scouting through the community and social engagements, BabyNeiro adopts a fashion akin to other ‘baby’ memecoins that have come through the ranks in the past like BabyDoge and BabyBNB. BabyNeiro pays tribute to every active $NEIRO memecoins with no particular reference to any of the different smart contract token deployments with the NEIRO ticker. Like every other memecoin, the goal is to build a functional community and drive value for the associated token. While the market decides the value of an asset, BabyNeiro moves away from the NEIRO controversy to build a progressive community.
Regardless of how anyone feels about memecoins and how many of them have fared in the past, ambitious communities account for a significant portion of the success the crypto space has enjoyed since the Bitcoin genesis block was mined. BabyNeiro is definitely not the next Bitcoin but could be the next memecoin you would be hearing more about.
Note that there could be several tokens with the BabyNeiro ticker. This article discusses BabyNeiro on Ethereum (Contract Address: 0xbabe3ce7835665464228df00b03246115c30730a)
Why BabyNeiro?
So why would anyone write a 1200-word article about a random memecoin why should you even spend your time to read beyond this point?
The Neiro Narrative
Dogs are the dominant animals in meme culture, cats come next but the gap is a wide one. When the dog comes from the same ranks as the face of the first-ever true memecoin, it’s sure to cause a wave. The NEIRO narrative has proven strong enough to sustain multiple memecoins on different chains. BabyNeiro taps from a strong narrative, one that is identified with dedicated communities and rapid industry adoption. It has done considerably well with this narrative and could continue on this path.
Relatively Low Market Cap
The most valuable memecoin with the NEIRO ticker has a $900 Million valuation at the time this article was written. Even though this particular has gone overboard thanks to that Binance listing, the least ‘surviving’ Neiro memecoin has a market cap of $4 Million. Comparatively, BabyNeiro has a total valuation of below $3.5 Million at the time of writing. Adjusted to social activity and available infrastructure, BabyNeiro could be undervalued, probably because influencers on X(.com) are yet to catch up on the new trend. We might be close to finding out the true value.
Similar growth pattern as BabyDoge
BabyNeiro is almost as old as the OG NEIRO tokens. Yet it has continued to build in silence. Genuine dedication has kept the project on its feet as investors watch on. This pattern is similar to that of BabyDoge. As the NEIRO narrative grows stronger, investors will be on the lookout for persistent projects along this line. Binance has shown an attraction to functional CTOs and could grow a preference for the structure established by the BabyNeiro community. BabyNeiro is the only Surviving memecoin project with the ticker.
Exponential metrics growth
BabyNeiro had a $1 Million market cap and just over 1,200 holders when I first came across it. It is almost 4 times more valuable at the time of writing and has added over 800 new holders. Social metrics like followers and posts per minute, and community metrics like members on the Telegram group have also grown at a comparable speed. This is a testament to the efforts made by the community.
Industry support
You can now store your BabyNeiro token on the Ellipal hardware wallet or simply track the asset on Coingecko – the most popular crypto asset tracker. Also, your favorite memecoin connoisseur could be ‘head over heels’ about it already. BabyNeiro easily catches the eyes of memecoiners and has joined a rapid fanfare. It is pulling the attention and support of reputable players in the crypto space. While this is not as important as the insane community behind it, it also contributes significantly to its growth.
Summary of Bullish Indicators for BabyNeiro.
Here are some positive indicators for the BabyNeiro memecoin
- Similar growth track as other successful ‘baby’ memecoins like BabyDoge
- Adopts a multi-billion dollar narrative.
- Considerably low market cap
- Supported by industry players
Neiro or BabyNeiro: Which memecoin should I buy
This is definitely a question every investor should answer for themselves. You could buy Neiro, the younger BabyNeiro, both, or even none. While this article obviously pays more attention to BabyNeiro, it is not financial advice and should only be considered as part of research for any investor. By staying away from the split between NEIRO communities, BabyNeiro is closer to building a unified community which is majorly positive for a project whose major value is built on community. The progressive structure, a Cute Pfp, and a relatively low market cap for an acknowledged ‘baby’ memecoin could be enough to tick the boxes for most investors. However, this might still be unconvincing for some other investors, and personal sentiments play a key role when investors click the ‘buy’ button for projects like memecoin. This is in fact, normal.
So, here’s a simple answer, buying any asset should be a personal decision and a decision made out of proper research
Closing up.
I stumbled on BabyNeiro as the community has taken the project on its backs, one raid after the other. This article is probably not your first time coming across it too, either way, the simple introduction doesn’t describe how much the several players in the community have committed to seeing the project get to its current level. It is almost impossible to predict the direction the project goes from here, but it has shown positive signs to this point. As always, always do your own research and note that this article doesn’t endorse any of the featured memecoin projects.
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