Top 5 Meme Coins to Watch This Month, According to Analysts

The meme coin market has seen substantial growth recently, even briefly surpassing a $70 billion market cap before pulling back to around $64 billion. As CoinGecko reports, there are now over 2,300 meme coins, with some showing notable price movements while others gain attention for different reasons. Here are the top five meme coins that could exhibit high volatility over the next 30 days.

1. Dogecoin (DOGE) Leads the Pack

As the largest meme coin by market cap, Dogecoin (DOGE) continues to capture the attention of investors. With a 17% gain last week, DOGE has seen a renewed interest from retail and institutional investors alike. Much of this momentum can be attributed to Elon Musk, whose influence remains pivotal. Musk recently attended a rally at Madison Square Garden for Donald Trump and even voiced support for Trump’s candidacy in the upcoming US presidential election on November 5.

Musk also posted a humorous image on the X platform, featuring a muscle-flexing Shiba Inu—reminiscent of the Dogecoin logo—alongside a photo of himself flexing his own muscles. This imagery, coupled with Musk’s influence, is expected to drive additional price swings for DOGE as election day approaches. The Tesla CEO remains one of Dogecoin’s most vocal supporters, and investors are watching closely to see how his actions may impact the coin.

2. Shiba Inu (SHIB)

Shiba Inu (SHIB) experienced strong performance at the end of October but recently saw a significant pullback, erasing much of those gains. However, there are indicators suggesting SHIB could rally once again. The Shibaraium burn program has been reactivated, and transaction volumes on its layer-2 blockchain solution have surged, reaching millions daily. Impressively, the burn rate has increased by 252,900% daily, reducing the circulating supply and potentially driving scarcity.

This renewed burn initiative has kept SHIB on the radar of crypto investors. Whether SHIB can sustain an upward trajectory in light of these developments will be closely watched.

3 & 4. MAGA and KAMA: Political Meme Coins on the Rise

Both MAGA (TRUMP) and Kamala Horris (KAMA) coins are expected to experience significant volatility in response to the US election. A victory for Trump could boost MAGA, while a win for the Democratic candidate may drive KAMA higher. These politically themed coins are unique in their direct ties to election outcomes, and the uncertain nature of this market only adds to their unpredictability. Investors in both coins are advised to approach with caution, as election results could lead to sudden market shifts.

5. Popcat (POPCAT) Remains a Hot Commodity

Among the year’s top performers, Popcat (POPCAT) reached an all-time high of $1.80 on October 29 before settling around $1.65. With a remarkable 23,500% increase since January 1, Popcat continues to attract attention and speculation. Numerous analysts on the X platform predict further gains, making November an exciting month for Popcat investors. The coming weeks will reveal if this token can maintain its upward trajectory.

As the meme coin sector grows, these tokens represent both opportunities and risks. From community-driven projects to politically influenced tokens, investors need to remain vigilant and adaptable as market conditions evolve.