Neiro Ethereum nabbed considerable investor optimism across the broader market on Friday, witnessing nearly 10% gains in light of a partnership. The dog-themed meme token’s community revealed that it is partnering with market maker DWF Labs, garnering noteworthy attention across the industry. Meanwhile, traders appear to have reacted positively to the collaborative endeavor, as even the intraday trading volume for the asset surged roughly 17%.
Neiro Ethereum Partners DWF Labs Driving Market Growth
In an X post dated October 18, ‘Neiro On Ethereum’ stated, “We are thrilled to partner with DWF Labs, a new generation Web3 investor and market maker.” This announcement has promptly gained significant traction, marking a monumental stride for the meme token.
“Together, we’ll amplify Neiro’s market presence, drive growth, and expand our community, the post stated, sparking optimism. Simultaneously, the market maker also took the collaborative endeavor to X, underscoring efforts to drive market growth for the crypto.
However, market participants are much awaiting further details on the collaborative endeavor, which are yet to be revealed. Simultaneously, the coin’s price illustrated bullish trajectories in tandem with the partnership announcement, further igniting market discussions.
Meme Coin Price Gains
At press time, NEIRO price gained nearly 10% in the past 24 hours and is now trading at $0.09835. The coin’s intraday low and high were recorded as $0.08216 and $0.1026, respectively. As mentioned above, trading volume over the past day noted a 17% surge in light of the partnership announcement. These stats have fueled positive market sentiments for the meme-themed token.
Simultaneously, Coinglass data indicated a 9% upsurge in the coin’s futures OI to $81.47 million lately. Further, the derivatives volume for the coin also rose 13% to $628.75 million. These stats added to optimism surrounding the asset, underlining increased investor interest in tandem with the partnership. Coupled with today’s price jump, the coin reflects an uptrend.
Even the broader time frame charts hinted that Neiro Ethereum is on a rally. Weekly gains for the coin totaled over 7%, whereas the monthly chart indicated a 32% upswing. This price upswing also aligns with broader gains witnessed across the meme coins sector, as seen by the crypto prices today. Market enthusiasts continue to monitor the meme token for further price action shifts.
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