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One particular meme coin experienced a substantial price boost after Coinbase listed perpetual contracts with the asset.The dog-themed meme coin Neiro saw its price soaring by over 20% in the past 24 hours, reaching a three-week peak of around $0.002. Its market capitalization exceeded $900 million, thus positioning the asset as the 96th-biggest in the entire sector and the ninth-largest in its niche.NEIRO perpetual contracts.
Our NEIRO-PERP market is now in full-trading mode on Coinbase International Exchange and Coinbase Advanced. Limit, market, stop, and stop limit orders are all now available.The high leverage related to these contracts can amplify returns on successful trades. However, it also increases the risk of substantial losses due to possible liquidation.NEIRO’s substantial resurgence in the last 24 hours contrasts the minor losses that some leading meme coins experienced for the same period.
Despite that, the market capitalization of the meme coin sector has surged by 13% on a 24-hour scale and now stands at over $72 billion.What Is The Open Network : All You Need to Know in 2024Sign-up FREE to receive our extended weekly market update and coin analysis report Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
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