Coinbase To List NEIRO Perpetual Futures, Price To Rally?

Coinbase International Exchange has officially announced that it will soon support perpetual futures for First Neiro On Ethereum (NEIRO). The listing, scheduled to begin on November 7, 2024, at 9:30 am UTC, marks a significant milestone for NEIRO as it continues its impressive trajectory in the crypto market.

Coinbase Futures Listing Set to Boost NEIRO Price Surge

In a recent post on X (formerly Twitter), Coinbase revealed plans to introduce perpetual futures for First Neiro On Ethereum (NEIRO), generating anticipation within the crypto community. The announcement caused NEIRO price to increase by 9% in the last seven days as traders reacted to the news. This new NEIRO-PERP market on Coinbase will open on November 7, 2024, offering an additional trading venue for NEIRO and enhancing its liquidity.

Additionally, the upcoming listing on Coinbase follows NEIRO’s impressive market performance since its initial Binance spot listing in September. Within one week of that listing, NEIRO price soared by over 1000%, drawing attention from investors. 

Similarly, the addition of NEIRO perpetual futures on Coinbase will attract a wider range of investors seeking exposure to NEIRO through derivative markets. This will possibly sustain NEIRO’s upward trend.

NEIRO’s Competitive Edge Amidst Market Fluctuations

With this development, NEIRO stands out among its competitors, especially as the listing brings added credibility and liquidity to the token. Interestingly, while excitement builds around First Neiro On Ethereum, competitor Neiro ETH experienced a 16% drop in value shortly after the announcement.

Moreover, NEIRO’s new listing on Coinbase is essential to sustaining its positive momentum, enabling it to tap into a larger trading audience. 

Alongside the announcement, Binance also expanded its offerings for NEIRO by adding it to its futures copy trading platform. Copy trading, a feature that allows investors to replicate strategies of seasoned traders in real-time, has already sparked renewed interest in NEIRO. The token, along with TURBO, saw a 10% price increase on Binance as investors responded to this added trading capability.

In addition, NEIRO price rallied following its partnership with DWF Labs highlighting the impact that strategic alliances can have on meme coin valuations. This collaboration enhances NEIRO market visibility and stabilizes its trading volumes amidst volatile market conditions.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.