Memecoins are characterized by their high volatility. They can fall as quickly as they can rise, providing profit opportunities for savvy investors who buy when the market is at its lowest and take advantage of a rising market.
This article focuses on the 4 best performing memecoins during bear market periods. Each of these cryptocurrencies offers interesting potential when market conditions improve, as they have continued to grow even during bear market phases.
What opportunities for 2023?
Cryptocurrency markets could be on the cusp of a long-term trend shift, and the memecoin sector appears poised to take advantage. Currently, many memecoins are undervalued in the Web3 ecosystem. Each of the projects featured in this list is developing exciting projects for the crypto community.
Here are the 4 memecoins to watch in October 2023:
- Shiba Memu (SHMU) – An AI marketing memecoin
- Floki Inu (FLOKI) – A community memecoin
- Shiba Inu (SHIB) – A Growing Meme Coin Ecosystem
- Dogecoin (DOGE) – The original memecoin
1. Shiba Memu (SHMU) – An AI marketing memecoin
Shiba Memu aims to become a benchmark memecoin after its launch on digital asset exchanges later this year. As a new memecoin in Web3, it has some potential. Additionally, the token also comes with an AI marketing protocol that could help it expand its influence.
Shiba Memu combines advanced AI technologies with effective marketing campaigns and will promote the native SHMU token on crypto forums and other social networks. For now, SHMU is available during the presale at a discounted price, with over $3.5m raised during the presale. Shiba Memu therefore seems to be a memecoin to watch.
The Shiba Memu presale includes a unique price rise mechanism that will increase the value of SHMU every day. After this period, SHMU will be listed on the Bitmart exchange.
The AI marketing protocol developed by Shiba Memu combines natural language processing (NLP) with machine learning, which allows SHMU to analyze investor sentiment levels and create its own PR, social media posts, and more. The way SHMU will be automatically promoted on online forums could help it gain popularity online, and machine learning will help the protocol become more and more powerful over time.
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2. Floki Inu (FLOKI) – A community memecoin
Floki Inu, launched in 2021, quickly became a benchmark among memecoins in the cryptocurrency sector. It stands out for its community governance model, making it one of the most accessible and fun decentralized communities on the blockchain.
The Floki Inu ecosystem is not limited to decentralized finance, it also offers a Web3 educational platform known as Floki Inuversity. Additionally, FLOKI has sponsored partnerships with world-renowned sports teams such as Naples SCC, Alfa Romeo Formula One, and Sauber Motorsport.
With a significant global presence and an attractive range of decentralized services, FLOKI appears poised to continue its expansion into Web3 as the bull market gains momentum.
3. Shiba Inu (SHIB) – A Growing Memecoin Ecosystem
Shiba Inu was created as an ERC-20 token on the Ethereum blockchain, and half of the total supply was given to Vitalik Buterin upon launch. This allowed SHIB to gain exposure and the price of the native token quickly reached unfathomable heights. At the height of the 2021 bull market, SHIB’s total market capitalization stood at $43.5 billion.
Since then, Shiba Inu has made great strides in cementing its position as one of the leading memecoins on Web3. Shibarium, a Tier 2 scalability solution that uses SHIB as a native crypto asset, brings new possibilities to Shiba Inu. Developers can launch highly accessible memecoin-based dApps on Shibarium and gain access to millions of active users.
Shiba Inu now has the potential to become the first complete memecoin ecosystem in Web3. It offers EVM-enabled smart contracts and a growing network of applications, including Play-to-Earn games, borrowing and lending protocols, virtual reality metaverses, and more. SHIB is an integral part of the Shibarium transaction process, giving it real growth potential.
4. Dogecoin (DOGE) – The original memecoin
Dogecoin, the first memecoin, continues to occupy a prominent position in the entire cryptocurrency market. It presents a scalable alternative to heavier Proof-of-Work protocols, providing a high level of security and decentralization, while enabling faster and less expensive transactions.
Notably, DOGE has received public support from influential figures such as Elon Musk. His statements sparked speculation about the potential integration of DOGE as a native currency on the X platform, which would be consistent with the existing use of Dogecoin as a peer-to-peer payment method often used for creator tips. of content.
Although the integration of DOGE with X remains to be confirmed, Dogecoin is already accepted as a means of payment by many independent traders around the world. It remains one of the most recognizable brands and is one of the leading memecoins in the cryptocurrency space.
Conclusion – Which memecoin should you watch in October 2023?
Shiba Memu seems to be the memecoin to keep an eye on, with the project still in its early stages of investment. SHMU is considered undervalued at presale, with the new memecoin available at the current price of $0.031600.
Here is the full list of memecoins to follow right now:
With its artificial intelligence-based protocol, SHMU aims to become one of the most popular new cryptocurrencies of 2023.
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