Memecoins Are Shooting Stars In The November Crypto Market

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Last Updated November 4th 2022
5 Min Read

Memecoins That Are Shooting Stars In The November Crypto Market - Our Picks 

Meme coins have had a meteoric rise to fame in the crypto market. These cryptocurrencies have taken the world by storm, with popular public figures backing them for long-term viability. However, differentiating the memecoins that truly have potential from the ones that were just created for a laugh can be challenging for newbie investors. 

So here are the 4 best memecoins that are shooting stars in the November crypto market. It is likely that these assets to continue their growth track well into 2023. 

Dogecoin - The OG joke coin that is likely to soar in November and beyond

Shiba Inu - Infamous 'Doge killer' memecoin that is set for a rally

Floki Inu - Rapidly-growing memecoin on the rise in 2022

Dogelon Mars -  Popular memecoin that is an expert’s pick

 

A Closer Look At The Memecoins That Are Shooting Stars In The November Crypto Market 

Dogecoin (DOGE)

If you are looking for a meme coin with long-term potential, Dogecoin should be on your radar. It is one of the most undervalued cryptocurrencies and the greatest memecoins of this decade. Created in 2013 as a joke about the meteoric rise of altcoins, Dogecoin has become the most popular joke cryptocurrency with an immense growth record.

The coin has constantly been upgrading its use cases. In 2021, the Dogecoin Foundation announced the addition of a “Dogepedia” on its website to answer all crypto-related questions. The founders are also working on a GigaWallet that will allow more merchants around the globe to accept Dogecoin as a payment option. With new upgrades, it is expected to hold its crown as the best meme coin. 

Now, Dogecoin is considered the king of the meme crypto ecosystem, one of the most, and has been popularized by eccentric entrepreneur and billionaire Elon Musk. The Tesla and SpaceX CEO played a principal role in the boom of the meme coin niche and Dogecoin’s rise to nearly $1 in value. Undoubtedly, DOGE is one of the top memecoins that are shooting stars in the November 2022 crypto market. Consider investing in it now to have the advantage in the coming months. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Shiba Inu (SHIB)

Shiba Inu (SHIB) is famous for its namesake and has built a strong community. The meme-crypto is built on the Ethereum (ETH) network, allowing individuals to collect payment and hold tokens across the world, remaining independent from any moderating forces.

ShibaSwap is the main avenue that individuals can buy the three native Shiba Inu tokens: SHIB, LEASH, and BONE. Each token is specialized for the different aspects of the blockchain, such as governance and transactions.

According to its anonymous creator Ryoshi, Shiba Inu is a spontaneous experiment on the community-driven initiative. This is a part-piece attempt to topple Dogecoin from the meme crypto throne and instead crown Shiba Inu as the top meme coins for investors. This has seen Shiba Inu nicknamed the ‘Dogecoin killer.’ Despite playing second fiddle to Dogecoin, the meme coin surged over 21,000% in the climax of the 2021 price rally. Experts expect a similar rally soon for SHIB, making it one of the best memecoins that are shooting stars in the November crypto market. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Dogelon Mars (ELON)

Dogelon Mars is a spin-off from the most popular meme crypto figure, Dogecoin. Seeking to boost its appeal, the founders have also tapped into Dogecoin’s principal supporter Elon Musk and have combined both figures to form the project.

As with most meme cryptos, Dogelon Mars is community-driven and decentralized. The major narrative of the project is around the planet of Mars and shows how the dog-themed in-game meme travels through the galaxy and meets new friends. It also comes with no known figure, as is the usual trend around meme coins.

It differs from its peers as it is driven almost entirely by hype. The ELON website does not detail a road map but a series of comic strips dedicated to the fictional half-Elon Musk, half-Shiba Inu mascot. The project’s Twitter presence is quite strong, with over half a million ELON devotees pumping the token daily. This makes ELON one of the top 5 memecoins in the market today.

Dogelon’s ELON token has largely traded for a fraction of a dollar, but the meme coin has amassed strong followership. The meme crypto comic has over 650K followers on Twitter and 90K+ on Telegram. At press time, ELON is trading at $0.00000043.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Floki Inu (FLOKI) 

Floki Inu is one of the few cryptos to pop up after Dogecoin’s run to nearly $1. Floki was created in response to an Elon Musk tweet saying he was planning to name his Shiba Inu puppy Floki.

It was a simple tweet showing his love for Shiba Inu dogs and the History Channel series Vikings, but it was enough to spark the creation and ongoing success of one of the biggest meme cryptos. Then, in October, that success exploded. Following SHIB’s massive gains, FLOKI grew nearly 500% in value.

Notably, the Floki Inu developers are implementing several new products into the ecosystem, including a non-fungible token (NFT) market, a metaverse space, and an educational space to learn about crypto. The network is undergoing a transition currently to empower investors with a Floki DAO (decentralized autonomous organization) to dictate future changes to the network. These factors make FLOKI one of the top 5 memecoins that are shooting stars in November 2022 and beyond.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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