Binance has invigorated the cryptocurrency community by announcing the listing of three meme coins – Neiro, Turbo, and Baby Doge Coin. This revelation triggered notable price fluctuations for each of these coins, showcasing varied market responses.
Trading for NEIRO/USDT, TURBO/USDT, and 100000BABYDOGE/USDT will commence on September 16, 2024, at 10:00 UTC.
Meme Coins Surge as Much as 45% Following Binance Announcement
Neiro, often likened to the ‘little sister of DOGE,’ debuted on the Ethereum blockchain. This was spurred by an emotional announcement from Kabosu, the renowned Shiba Inu owner, which ignited significant interest in the ecosystem.
Turbo positions itself as a meme coin crafted by artificial intelligence for community benefit. Meanwhile, Baby Doge Coin, emerging from the Doge meme landscape, emphasizes fostering a fun environment and promoting animal adoption.
Read more: 7 Trending Meme Coins and Altcoins in 2024
Upon its listing, Neiro’s value surged by 18% almost instantly, although it later adjusted to a more modest 3% increase. In contrast, Turbo maintained a consistent 9% rise. Baby Doge Coin, however, demonstrated the most remarkable growth, soaring over 48% following the announcement and maintaining a strong 44% spike at the time of writing.
Binance has warned its users about the volatility that may accompany these freshly listed meme coins. Users are advised to perform thorough research and implement appropriate risk management before trading.
“NEIRO, TURBO, and 100000BABYDOGE are relatively new tokens that carry a higher-than-usual risk, and will likely experience significant price volatility,” the crypto exchange mentioned.
Additionally, Binance has designated these tokens with a ‘seed tag,’ suggesting that they may exhibit heightened volatility and entail greater risk compared to other listed tokens.
To engage in trading these tokens, users are required to complete quizzes every 90 days. These quizzes are intended to ensure that users grasp the associated risks.
Read more: Binance Review 2024: Is It the Right Crypto Exchange for You?
Alongside the educational initiatives, Binance has introduced features such as trading bots and spot copy trading for these tokens. These functionalities will be activated within 24 hours of the tokens’ listing.
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