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Cryptocurrency News Articles

6 Altcoins That Were Once Dismissed But Have Surged 1,000% or More

Jan 30, 2025 at 07:22 pm

The crypto market has always been a breeding ground for underdog stories, but few are as jaw-dropping as the meteoric rises of tokens like Shiba Inu

6 Altcoins That Were Once Dismissed But Have Surged 1,000% or More

Despite being initially dismissed, several cryptocurrencies have gone on to deliver life-changing returns, surging over 1,000%. Here are six altcoins that were once mocked or overlooked but have since soared in value.

1. Shiba Inu (SHIB): Once Mocked as a Dogecoin Knockoff, Now Multibillion-Dollar Ecosystem

Launched in 2020 as a self-proclaimed “Dogecoin killer,” Shiba Inu (SHIB) was initially dismissed as a non-serious meme coin riding Dogecoin's momentum. Critics mocked its Shiba Inu dog mascot and lack of utility, branding it a cash-grab knockoff. But SHIB defied expectations, exploding by over 43,000% in 2021. What began as a joke evolved into a decentralized ecosystem with its own DEX (ShibaSwap), NFT projects, and layer-2 blockchain Shibarium.

2. Solana (SOL): Labeled an “Ethereum Killer Failure,” Now Top Blockchain in Speed

Solana faced brutal criticism after repeated network outages in 2021-22, with skeptics declaring its high-speed promises dead on arrival. Yet SOL staged a stunning comeback, leveraging its proof-of-history consensus to achieve 65,000 transactions per second (TPS) and near-zero fees. Today, Solana ranks among crypto's top five altcoins, and it's still praised for its unmatched speed and surging institutional adoption.

3. Pepe (PEPE): Initially Just Another Meme, Delivered Shocking Gains, Still Holds Strong Liquidity

Pepe (PEPE) debuted in April 2023 as a nod to meme culture, inspired by the iconic “sad frog” internet meme. Market participants dismissed it as a redundant, explicitly utility-free token destined to fade—until it surged an unprecedented 10,000% within weeks.

4. Polygon (MATIC): Critics Doubted Layer-2 Projects, MATIC Became Essential Scaling Solution

Polygon (MATIC) was initially dismissed by skeptics who questioned the need for Layer-2 scaling solutions, especially with Ethereum 2.0 on the horizon. However, MATIC proved its value by delivering fast, low-cost transactions and securing major partnerships with enterprises, gaming projects, and DeFi protocols. As Ethereum's growth outpaced expectations, demand for Polygon soared, pushing its price up by over 1,000%.

5. Dogwifhat (WIF): Joke-Turned-Phenomenon Outperformed Major Projects

Dogwifhat (WIF) started as a joke, another meme coin in a sea of fleeting trends. Few took it seriously, dismissing it as just another internet gimmick with no real utility. But as the meme culture continued to thrive, WIF gained unexpected

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Other articles published on Feb 01, 2025