Top 5 Memes Coins to Invest in This November Before the Bull Run Begins
The post Top 5 Memes Coins to Invest in This November Before the Bull Run Begins appeared on BitcoinEthereumNews.com.
As the crypto market hints at an upswing, November brings prime opportunities to explore high-potential memecoins. Established names like Dogecoin and Shiba Inu maintain a stronghold on major exchanges like Upbit in South Korea, where strict listing policies favor coins with longer trading histories. Dogecoin shows renewed bullish momentum, while Shiba Inu continues a steady rise, benefiting from increased trading volume. Shiba Inu (SHIB) Shiba Inu (SHIB) burst onto the crypto scene in August 2020, inspired by the popular Dogecoin but aiming for more. Created by the mysterious Ryoshi, SHIB started with a supply of one quadrillion tokens. To gain trust, half of these tokens were sent to Vitalik Buterin, co-founder of Ethereum. Buterin donated a large amount to the India Covid Crypto Relief Fund and burned 40% of the total supply, decreasing the number of SHIB in circulation and boosting its value. Unlike Dogecoin, SHIB runs on the Ethereum blockchain, which means it can interact with a wide range of Ethereum-based applications. The real potential of SHIB lies in its integration with Ethereum. It powers ShibaSwap, a decentralized exchange where users can trade and stake tokens. There are also plans for an NFT platform and a governance system where holders can have a say in future developments. In the current market cycle, as interest in decentralized finance and NFTs grows, SHIB could offer more than just meme value. Its connection to Ethereum gives it flexibility and utility that some other memecoins lack. For investors looking beyond the hype, SHIB’s expanding ecosystem might make it an attractive option. PEPE (PEPE) PEPE is a deflationary memecoin launched on Ethereum as a tribute to the iconic Pepe the Frog internet meme created by Matt Furie. Gaining popularity in the early 2000s, Pepe the Frog became a symbol across various online communities. Now,…
Filed under: News - @ October 26, 2024 3:14 pm