Expert analysis: 4 of the best meme coins with solid performance in October

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Meme coins are characterized by a 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 significant profits during a bullish market.

This article will discuss the four meme coins that have performed best during a bear market. Each of these cryptocurrencies really promises to generate big profits during more favorable market conditions, as they have continued to make gains during the bearish trend.

What are the best meme coins of 2023?

The cryptocurrency markets may be preparing for a long-term turnaround, and the meme coin market seems poised to capitalize. Right now there are a number of undervalued meme coins on the Web3. Each project on this list is creating interesting applications for the cryptocurrency community.

Here are the four most promising meme coins in October 2023 (and the ones that could increase in value the most!):

1. Shiba Memu (SHMU)-A meme coin whose marketing relies on AI
2. Floki Inu (FLOKI) -A community-based meme coin
3. Shiba Inu (SHIB) -A growing meme-coin ecosystem
4. Dogecoin (DOGE) – The original meme coin

1. Shiba Memu (SHMU) – A meme coin whose marketing is based on AI

Shiba Memu is expected to be one of the best meme coins in circulation after launching on digital asset exchanges later this year. As a meme coin that is brand new to Web3, it has extremely high potential. In addition, the token features an AI marketing protocol that could help it expand its influence in the digital arena.

Shiba Memu combines cutting-edge AI technologies with the most effective marketing campaigns in recent years and will promote the native SHMU token through cryptocurrency forums and other social media channels. For now, SHMU is available during the presale at a discounted price-with over $3.5m raised at this stage, SHMU looks poised to explode.

Shiba Memu’s presale includes a unique price increase mechanism that will increase SHMU’s value every single day. Early backers of Shiba Memu are set to make gains of more than 3 times during the investment period. After this time, SHMU will be listed on the Bitmart exchange and its price may rise further.

The AI marketing protocol 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 SHMU will be automatically promoted in online forums could help it gain great traction online, while machine learning will help the protocol become increasingly powerful over time.

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2. Floki Inu (FLOKI) – A community-based meme coin

Floki Inu was launched in 2021 and has quickly become one of the best meme coins in the cryptocurrency sphere. The project is completely powered by its community and aims to become one of the most accessible and fun decentralized realities to be found anywhere on the blockchain.

In addition to providing a financial system with low barriers to entry, the Floki Inu ecosystem also hosts a Web3 educational platform known as Floki Inuversity. FLOKI has become a major sponsor for a number of the world’s leading sports teams, including Napoli SCC, Alfa Romeo Formula One, and Sauber Motorsport.

With a strong global presence and an attractive set of decentralized services, FLOKI looks poised to continue its Web3 journey with a positive bullish market run. The token could grow from its current price level in the coming months and years as it aims to recoup 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 and half of the total supply was delivered to Vitalik Buterin at launch. In this way SHIB gained widespread notoriety and the price of the native token quickly reached unfathomable heights. At the peak of the bullish market in 2021, SHIB’s total market capitalization was $43.5 billion.

Since then, Shiba Inu has made great strides to solidify its position as one of the Web3’s top meme coins. Shibarium, a layer-2 scalability solution that uses SHIB as a native cryptographic asset, offers new possibilities for Shiba Inu. Developers can launch highly accessible meme coin dApps on Shibarium and gain access to millions of active users.

Shiba Inu can become the first complete meme coin ecosystem in the Web3. It offers EVM-compatible smart contracts and a growing network of applications, including play-to-earn games, lending protocols, virtual reality metaversions, and more. SHIB is an integral part of the transaction process on Shibarium, giving it real growth potential.

4. Dogecoin (DOGE) – The original meme coin

Dogecoin was the first cryptocurrency meme coin and remains the highest valued meme coin in the entire cryptocurrency market. DOGE offers a scalable alternative to complicated proof-of-work protocols, offering a high level of security and decentralization, but with faster and cheaper transaction processing capabilities.

DOGE has been publicly backed by high-profile investors, including Elon Musk. The latter has circulated rumors that DOGE could be used as a native currency on Platform X, which would align with Dogecoin’s existing utility as a peer-to-peer payment method that has often been used to tip content creators.

Whether or not DOGE will be integrated into X remains to be seen. In any case, Dogecoin has been accepted as a payment method by many independent merchants around the world and remains one of the most recognizable brands and best meme coins to invest in in the cryptocurrency sphere.

Conclusion-which meme coin is poised to explode in October 2023?

It is very likely that Shiba Memu will revalue in the coming months, as the project is still in the early stages of investment. It is widely believed that SHMU is undervalued at presale, with the new meme coin made available at the current price of $0.031600.

Here is the complete list of the best meme coins to buy now:

1. SHMU
2. FLOKI
3. SHIB
4. DOGE

As for SHMU, its AI-based protocol looks set to make it one of the most successful coins in 2023. At the current price level, anything is possible.

*This article was paid for Cryptonomist did not write the article or test the platform.