On November 7, 2024, Coinbase will introduce NEIRO perpetual futures, which will improve market access and liquidity in the context of favorable sentiments.
Coinbase International Exchange has officially announced that it will shortly support perpetual futures for First Neiro On Ethereum (NEIRO). NEIRO will achieve a significant milestone as it continues its remarkable trajectory in the crypto market with the listing, which is set to commence at 9:30 am UTC on November 7, 2024.
NEIRO price is expected to surge due to Coinbase Futures Listing
Coinbase recently disclosed its intention to implement perpetual futures for First Neiro On Ethereum (NEIRO) in a post on X (formerly Twitter), which sparked excitement among the crypto community.
The news prompted traders to react, resulting in a 9% increase in the price of NEIRO over the past seven days. On November 7, 2024, Coinbase will introduce a new NEIRO-PERP market, which will provide NEIRO with an additional trading venue and increase its liquidity.
In addition, the forthcoming listing on Coinbase is a continuation of NEIRO’s exceptional market performance since its initial Binance spot listing in September. The price of NEIRO increased by more than 1000% within a week of its listing, which attracted the attention of investors.
In the same vein, the inclusion of NEIRO perpetual futures on Coinbase will appeal to a broader spectrum of investors who are interested in NEIRO through derivative markets. This has the potential to maintain the upward trajectory of NEIRO.
NEIRO’s Competitive Advantage in the Face of Market Fluctuations
This development distinguishes NEIRO from its competitors, particularly in light of the token’s increased liquidity and credibility as a result of the listing. It is intriguing that, despite the growing enthusiasm surrounding First Neiro On Ethereum, competitor Neiro ETH experienced a 16% decline in value shortly after the announcement.
Additionally, the new listing of NEIRO on Coinbase is crucial for the continuation of its positive trajectory, as it allows the company to access a broader trading audience.
Binance also expanded its NEIRO offerings by incorporating it into its futures copy trading platform in conjunction with the announcement.
NEIRO has already garnered renewed interest due to its copy trading feature, which enables investors to replicate the strategies of experienced traders in real-time. Investors responded to the enhanced trading capabilities by increasing the price of the token and TURBO on Binance by 10%.
Furthermore, the price of NEIRO experienced a surge in response to its partnership with DWF Labs, underscoring the influence that strategic alliances can have on the valuation of meme coins. This partnership improves the visibility of NEIRO in the market and stabilizes its trading volumes in the face of volatile market conditions.