In recent months, the meme coin industry has surged significantly, with its market cap exceeding $70 billion just days ago. After recent adjustments, this figure is currently around $64 billion.
According to CoinGecko, there are currently over 2,300 types of meme coins, some of which have attracted market attention due to recent price fluctuations and other factors. Below, we will focus on five interesting assets that may experience significant volatility in the next 30 days.
Dogecoin (DOGE)
market-leading meme coin has recently been in a leading upward trend, soaring 17% in the past week.
The strong momentum exhibited by Dogecoin recently may be closely linked to Elon Musk's interactions. Last week, Tesla CEO Musk attended Donald Trump's rally at Madison Square Garden and urged the public to vote for the Republican candidate in the upcoming U.S. presidential election on November 5.
He reiterated that if Trump successfully secures re-election, he will initiate the creation of a new agency called 'Department of Government Efficiency' (DOGE). Additionally, Musk shared an amusing image on social media X: the upper half captured him showcasing his biceps during a speech, while the lower half cleverly mirrored the same bodybuilding pose with a Shiba Inu imitating the DOGE logo.
Musk's supportive attitude towards Trump may have a new impact on the price trend of Dogecoin after the election results are announced. As a long-time supporter of Dogecoin, the CEO of Tesla has publicly praised its features multiple times, significantly enhancing the public's awareness of this cryptocurrency.
Shiba Inu (SHIB)
As of the end of October, the second-ranked meme coin has been performing well, but there has been a significant pullback in the last 24 hours, partially offsetting previous gains. Nevertheless, factors such as the revival of Shibarium and the advancement of the SHIB token burn plan indicate that the price of this coin may quickly resume an upward trend. According to the latest news from CryptoPotato, the daily trading volume of the Shibarium Layer 2 blockchain solution has surged back to millions, and the SHIB burn rate has increased by 252,900% in the past 24 hours.
This ongoing burn action will reduce the number of SHIB tokens in circulation, increasing scarcity, which may, under unchanged or growing demand, drive up prices.
MAGA and KAMA
The 'Make America Great Again' (TRUMP) token associated with Trump and the 'Kamala Harris' (KAMA) token related to Harris may experience significant price fluctuations within this month. If the Republican candidate wins the election, the rise of the TRUMP token may be a market expectation; conversely, if the Democratic candidate wins, the KAMA token may show an upward trend.
However, the trends in the meme coin market have always been difficult to predict and full of variables. Therefore, the specific rise and fall of these two tokens will need to wait for the election results to settle before observing their market reactions.
Popular Cat
The largest cat-themed meme coin—Popcat (POPCAT) is one of the best-performing currencies in the market this year. On October 29, its
The price has reached a historical high of nearly $1.80, currently valued at $1.65 (up 23,500% since January 1).
On Crypto X, many analysts predict that this token will soon see further increases in the short term. A user nicknamed 'shah' even stated that POPCAT 'will lead other cute cats to the peak of the crypto realm (Valhalla).' Nevertheless, the market direction in November remains full of uncertainties, and future developments are worth looking forward to. $DOGE
