- Dogecoin remains a top contender in the cryptocurrency market, maintaining a stable position among the top 10 cryptocurrencies.
- Shiba Inu's potential for real-world utility growth could position it as a strong competitor to Dogecoin in the coming years.
- Pepe coin leverages its meme status to build a robust community, enhancing its visibility and credibility in the crypto space.
The cryptocurrency market remains vibrant as October 2024 begins, prompting investors to seek promising opportunities among meme coins. Originally launched as jokes, these coins have gained momentum and serious value. This article highlights the best shitcoins to consider this month, featuring established players like Dogecoin and Shiba Inu alongside newer entrants making waves. These tokens blend community engagement, innovative features, and growth potential, making them intriguing options for speculation in the evolving crypto landscape.
Dogecoin(DOGE) Remarkable Journey
Current price:$0.1043
Market cap:$15.2B
Dogecoin is an original dog-themed meme coin that continues striding its way into the cryptocurrency space. While initially launched as a parody, DOGE now faces the transition into one of the most valued coins out there, continuously holding a spot within the top 10 cryptocurrencies by market capitalization. Such stability is quite significant and notable for any cryptocurrency project around the highly volatile crypto market. Investors are hopeful about the performance of the coin when the next bull market is near, putting Dogecoin in the limelight for many.
Shiba Inu(SHIB) throws the hat into the ring as well
Current price:$0.0000159
Market cap:$9.3B
Shiba Inu has indeed become one of the most powerful options to Dogecoin and has been called the Dogecoin killer by many since its release in 2020. Even though no special use cases are presented for the time being, its trend cannot be disregarded. Its base is on the Ethereum blockchain, hence offering all the functionality provided by smart contracts and interaction with dApps. Given the fact that it has the potential to be further developed and improved in this sense, while adding more use cases that would make it useful outside of the internet, its presence might increase in the market in the near future.
Pepe (PEPE) Grabs the Attention of the Market
Current price:$0.058576
Market cap:$3.6B
Pepe coin got popular, piggybacking off its meme status as with the original Pepe the Frog. While the coin's price dropped earlier this year, it remains in the top 100 cryptocurrencies by market take advantage. The most important part of its strategy is listings on major cryptocurrency exchanges, which increases the project's visibility and credibility. Indeed, PEPE is a community-driven token that provides transparency to its contributors, hence becoming quite popular among meme coins.
ApeCoin(APE) combines NFTs and cryptocurrency
Current price:$0.6702
Market cap:$405M
ApeCoin was designed by the founders of the Bored Ape Yacht Club and is among the blooming hugely realized use tokens in the NFT habitat. Founded in 2022, the APE is an ERC-20 governance token that attempts to organize and spread out community involvement. ApeCoin operates on a governance system where the token holders are empowered to vote upon deciding matters concerning the Apes Coin DAO Ecosystem Fund. At its current price, it is a bit high for a meme coin; however, considering its linkage to one of the biggest NFT projects, it has great potential upside.
Bonk(BONK) Gets Solana's Community Going
Current price:$0.00001976
Market cap:$1.4B
Bonk is probably one of the first dog-themed coins on the Solana blockchain but also a big proponent of the community-first ethos. Launched on December 25, 2022, BONK immediately drew attention when it airdropped 50% of its total supply to the Solana community, sparking significant price increases for the home blockchain's native token. But with a strong community presence and numerous on-chain integrations, BONK remains one of the drivers of innovation within the Solana ecosystem despite anonymous founders.
The post Best Shitcoins to Buy in October 2024: Capitalizing on Market Trends appeared first on Crypto News Land.