Meme coins are characterized by their high level of volatility. They can go down as quickly as they can go up, which means that any savvy investor who buys during market lows can make major profits during a bull market.
This article will cover the four meme coins performing strongly during the bear market. These cryptocurrencies show real promise for generating a big return during more favorable market conditions, as they have continued to build throughout the downtrend.
Which are the leading meme coins for 2023?
The crypto markets may be gearing up for a long-term trend reversal, and the meme coin market looks ready to capitalize. There are a host of undervalued meme coins in Web3 right now. Each project in this article builds exciting applications for the crypto community to enjoy.
Here are the four most promising meme coins in October 2023 (and the ones that could rise in value the most!):-
- Shiba Memu (SHMU) —An AI marketing meme coin
- Floki Inu (FLOKI) — Community-based meme coin
- Shiba Inu (SHIB) — A growing meme coin ecosystem
- Dogecoin (DOGE) — The original meme coin
1. Shiba Memu (SHMU) — An AI marketing meme coin
Shiba Memu is widely expected to be one of the supreme meme coins after launches on digital asset exchanges later in the year. As a brand new meme coin in Web3, it has sky-high potential. On top of that, the token is also infused with an AI marketing protocol that could help it expand its influence across the digital arena.
Shiba Memu combines cutting-edge AI technologies with the most effective marketing campaigns from recent years and will promote the native SHMU token across crypto forums and other social media channels. For now, SHMU is available during the presale at a discounted price level — with more than $3.5M raised during the presale already, SHMU looks ready to explode.
Shiba Memu’s presale includes a unique price rise mechanism that will increase the value of SHMU every single day. The earliest backers of Shiba Memu are set to make gains over 3x during the investment period. After this point, SHMU will be listed on the Bitmart exchange, and its price could rise even further.
The AI marketing protocol being developed by Shiba Memu combines natural language processing (NLP) with machine learning, enabling SHMU to analyze investor sentiment levels and create its own PR, social media posts, and more. The way in which SHMU will be promoted across online forums automatically could help it gain major traction online, and machine learning will help the protocol grow more powerful over time.
>>> Find more information, including how to buy SHMU here
2. Floki Inu (FLOKI) — Community-based meme coin
Floki Inu launched in 2021 and rapidly became one of the finest meme coins in the crypto sphere. The project is fully driven by its community to become one of the most accessible and fun decentralized communities that can be found anywhere on the blockchain.
As well as providing a financial system with low entry barriers, the Floki Inu ecosystem is also home to a Web3 education platform known as Floki Inuversity. FLOKI has become a lead sponsor for various world-leading sports teams, including Napoli SCC, Alfa Romeo Formula One, and Sauber Motorsport.
With a strong global presence and attractive decentralized services, FLOKI looks ready to continue its journey in Web3 with a positive bull market run. The token could grow from the current price level over the coming months and years as it aims to reclaim much of the value lost during the bear market.
3. Shiba Inu (SHIB) — A growing meme coin ecosystem
Shiba Inu was created as an ERC-20 token on the Ethereum blockchain, with half of the total supply being airdropped to Vitalik Buterin when it first launched. This gave SHIB widespread awareness, and the price of the native token quickly shot to unfathomable heights. At the peak of the 2021 bull market, SHIB’s total market cap was $43.5 billion.
Since then, Shiba Inu has made great strides to solidify its position as one of the strong meme coins in Web3. Shibarium, a layer-2 scalability solution that uses SHIB as its native crypto asset, brings new possibilities for Shiba Inu. Developers can launch highly accessible meme coin dApps on Shibarium and gain access to millions of active users in the process.
Shiba Inu now has the potential to become the first comprehensive meme coin ecosystem in Web3. It offers EVM-compatible smart contracts and a growing network of applications, including play-to-earn games, borrowing and lending protocols, virtual reality metaverses, and many more. SHIB is integral to the process of transacting on Shibarium, which gives it real potential for growth.
4. Dogecoin (DOGE) — The original meme coin
Dogecoin was the first meme coin cryptocurrency and remains the superb meme coin in the entire crypto market. DOGE offers a scalable alternative to clunky proof-of-work protocols, offering high security and decentralization but with faster and cheaper transaction processing capabilities.
High-profile investors, including Elon Musk, have publicly backed DOGE. Musk has sparked rumors that DOGE could be used as a native currency on the X platform, which would align with Dogecoin’s existing utility as a peer-to-peer payment method often used to tip content creators.
Whether or not DOGE is integrated with X remains to be seen. Regardless, Dogecoin has been accepted as a payment method for many independent merchants worldwide and remains one of the most recognizable brands and meme coins to invest in in the crypto sphere.
Conclusion — What meme coin is ready to explode in October 2023?
Shiba Memu looks most likely to appreciate in value over the coming months as the project remains in its earliest stages of investment. SHMU is widely thought to be undervalued during the presale, with the new meme coin being made available at the current price of $0.031600.
Here are some meme coins to buy right now:-
- SHMU
- FLOKI
- SHIB
- DOGE
For SHMU, its AI-based protocol looks set to make it one of the most successful new meme coin releases in 2023. From the current price level, anything is possible.
Disclaimer: This article is sponsored content and is not financial advice. CryptoNewsZ does not endorse or guarantee the accuracy of the content. Readers should verify information independently and exercise caution when dealing with any mentioned company. Investing in cryptocurrencies is risky, and seeking advice from a qualified professional is recommended.
Source: https://www.cryptonewsz.com/expert-analysis-4-meme-coins-performing-strongly-in-october/