Meme coins, often criticized for their speculative nature, can present opportunities when they generate excitement among potential investors. Consider the case of Dogecoin, which gained mainstream popularity and saw a significant increase in market capitalization.
It’s important to recognize that meme coins are a part of the crypto landscape and will continue to attract interest and provide a sense of community.
This article examines meme coins that combine entertainment and utility. Some are newcomers, while others are well-established, but are potent.
Meme coins to consider in October:
- Shiba Memu: redefining meme coin marketing with AI
- Dogecoin: the pioneer meme coin
- Shiba Inu: Dogecoin contender gaining momentum with Shibarium
- Floki Inu: “The Peoples’ Cryptocurrency” expanding into blockchain gaming and decentralized finance (defi)
- HarryPotterObamaSonic10Inu: for those purely in it for the memes
1. Shiba Memu: Redefining meme coin marketing with AI
Shiba Memu is a fresh entrant in the meme coin niche that’s redefining how projects in the space market themselves. Traditionally, meme coins rely on massive amounts of human effort and creativity to propel them to success. Shiba Memu changes all that by leveraging artificial intelligence (AI) to run the protocol’s marketing activity.
Instead of relying on sheer human effort to craft articles, social media posts, video content, and forum posts to engage the community and draw new investment, Shiba Memu’s AI algorithm will self-produce them and interact with investors autonomously.
The Shiba Memu’s presale has thus far raised $3.1m, with the presale extended to close at the end of October.
Another factor driving investor interest in the SHMU token presale is its daily progressive token increases of $0.000225.
2. Dogecoin: The “granddaddy” of them all
The “OG” of all meme coins, Dogecoin, was launched in 2013 as a not-so-subtle dig on the unbridled speculation in the crypto world, featuring a photo of the “Doge” meme. No one could have expected that Dogecoin would surge in value from a fraction of a penny and grow to a multibillion-dollar market capitalization ten years later.
Fast forward to today, and Dogecoin has become firmly ensconced among the top 20 cryptocurrencies, gaining supporters such as business figures like Elon Musk and Mark Cuban. Despite the apparent lack of utility and development activity, Dogecoin has emerged as a legitimate payment method for online businesses, helping sustain DOGE.
Investors hoping for Dogecoin-like gains in the past may be disappointed now because its substantial market capitalization restricts its price potential.
3. Shiba Inu: Dogecoin contender gaining momentum with Shibarium
Shiba Inu has come a long way after blowing up off the heels of Dogecoin’s success — as a “joke” about a “joke.” It has become the second-largest meme coin by market capitalization, propelled by the dedication of its enthusiastic fan base known as the SHIB Army.
Shiba Inu has distinguished itself from its older cousin with a robust ecosystem featuring defi applications, play-to-earn capability, and its recently launched layer-2 scalability solution built on Polygon called Shibarium to support its growing protocol.
Like Dogecoin, Shiba Inu has a market cap running into the billions, capping its price appreciation potential — but its prospects are better than Dogecoin with all the ongoing development activity. Can Shiba Inu overturn Dogecoin in market capitalization? Only time will tell.
4. Floki Inu: “The Peoples’ Cryptocurrency” expanding into blockchain gaming and DeFi
Floki Inu is a meme coin that surged in popularity in 2021, taking its name from Elon Musk’s dog.
But like Shiba Inu, the project has since begun to expand its ecosystem with its Valhalla play-to-earn metaverse, a web3 educational platform called Floki University, and a decentralized finance protocol called FlokiFi.
That’s not to mention FlokiFi Locker, a digital asset locker enabling users to safely lock their digital assets like cryptocurrencies, non-fungible tokens (NFTs), and ERC-1155 tokens.
Floki Inu has a dedicated community and an active development team.
5. HarryPotterObamaSonic10Inu: For those purely in it for the memes
HarryPotterObamaSonic10Inu is deeply rooted in internet meme culture.
Its unconventional name and ticker symbol (BITCOIN) pay tribute to the eccentricities of internet culture, aiming to attract investors with its sheer absurdity in the hopes of achieving some level of success.
Currently, the project has achieved an eight-figure market capitalization.
While this may be lower than more established projects, its focus on meme culture has garnered a sizable following despite having anonymous founders and no detailed whitepaper or roadmap.
The appeal here is its unconventional lack of utility, which can have value in the unpredictable realm of meme coins.
Investing in meme coins comes with risks and considerable volatility, but there are potential opportunities.
Each coin on this list has its unique advantages and disadvantages.
Still, it is important to remember that not all meme coins are equal, and some may have more promising prospects than others.
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