Bitcoin succeeded again in its most lucrative month, which crypto enthusiasts refer to as the “Uptober”. However, its modest 40 percent gain may be slight compared to the 3,900% gains of cryptocurrencies that were not known until a few months ago. Here are 3 explosive meme coins that make you forget Dogecoin and Bitcoin…
What are the top performing meme coin projects of October?
Meme coins have become a hot craze with cryptocurrencies based on internet memes, current events, online communities and phenomena. And they are making their investors rich at record levels. The trading volume is still relatively small for most of these 1,000x valuation meme coins, which we will now examine. Therefore, let’s start with SHIB, one of the meme coin giants of the market.
Meme coin SHIB gains 804% this year
Shiba Inu or SHIB is a meme coin that runs on the Ethereum network. It was created as a rival to Dogecoin, formerly the biggest meme by market cap and Elon Musk’s favorite cryptocurrency. And last month, its value increased 804% from $0.00000723 on October 1 to $0.00006536 at the end of the month, according to statistics from CoinGecko. Currently trading on Coinbase as of September, SHIB has a 24-hour trading volume of over $8 billion.
Samoyedcoin dazzles with 2,388%
Trading under SAMO, Samoyedcoin, Dogecoin is a meme coin project inspired by FTX CEO Sam Bankman-Freed and Solana founder Anatoly Yakovenko. SAMO is backed by Solana, a popular blockchain alternative to Ethereum that has had tremendous success. Since the start of Uptober, its price was $0.00557457 and at the end of the month it reached $0.138738 which is 2388% higher.
Dogelon Mars: 3984%
However cryptocoin.com The “Uptober” champion of our list is Dogelon Mars or ELON, which grew by about 4,000% last month. A spinoff that also works on the Ethereum network, Dogecoin has been widely adopted as it takes its name from Tesla CEO Elon Musk, who is known for pumping meme token prices on Twitter. Like the other token memes on this list, it doesn’t do much except for some fun. Its creators donated 50% of all tokens to Ethereum co-founder Vitalik Buterin, who later cashed them out and donated them to charities.
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