Shiba Inu (SHIB) may still prove to be a crowded market favorite among meme coin fanatics; however, some investors are opting for alternatives
With Shiba Inu (SHIB) still leading the meme coin pack, investors are pivoting toward coins with more growth potential and use cases. Here are five coins that are trending and outpacing SHIB:
1. Rexas Finance (RXS): This coin focuses on mainstream adoption of Real World Asset (RWA) tokenization. Unlike meme coins, RXS has a real-world application. It enables users to buy fractional shares of assets like real estate, fine art, and even ideas. This utility makes RXS more than just a speculative token.
Currently in its sixth presale stage, RXS has already met an impressive $10.55 million, with a maximum target of $12.2 million and 179.4 million tokens sold at a rate of $0.08 per token. Early investors in the project stand to gain significantly, with the expected price launch standing at $۰.۲۰.
The RXS ecosystem includes several tools such as the Rexas Token Builder, which allows businesses to efficiently tokenize assets, and the Rexas Launchpad, which supports innovative blockchain projects. As an added advantage, RXS is an ERC-20 token and enjoys the security of the Ethereum network. The CertiK audit and smart contract of the project enhance investor trust further. There’s an ongoing $1 million giveaway where 20 people will win tokens worth $50,000 each. With visibility from CoinMarketCap and CoinGecko postings, RXS is a strong investment for those looking to diversify from SHIB.
2. Dogecoin (DOGE): The meme coin leader continues to perform well, with its price just below $0.4 and a market cap of $57.5 million. For both new and experienced traders, DOGE is consistently a good option. Coming from its community and endorsements from influencers like Elon Musk, DOGE’s most ardent supporters keep it relevant. Its use as a payment type in some industries also keeps it in the spotlight. Analysts predict DOGE might even retest $1 during the next bull cycle, making it a solid investment.
3. PepeCoin (PEPE): Driven by its viral appeal and growing community, Pepe has generated buzz. Its market cap of $8.5 billion shows that PEPE is proving meme coins can still yield good returns. The liquidity and accessibility of PEPE have primarily increased due to its listings on reputable platforms such as Robinhood and Coinbase. Keeping an eye on the market trends, analysts say that PepeCoin could explode again under favorable conditions, making it a good choice for short-term trades.
4. Toncoin (TON): Gaining popularity at a rapid pace, Toncoin is rising primarily due to its focus on decentralized creative communication networks and applications. Priced at $5.45, with a market cap of $13.9 billion, now is a good time to invest in TON as it leads the altcoin sector. The Open Network serves as TON’s backbone infrastructure, realizing secure, “block-casted” applications with mass adoption. TON has emerged as a worthy rival to established coins like SHIB. Analysts believe the coin price will continue to rise as the TON ecosystem evolves.
5. Cardano (ADA): Cardano is attracting the interest of long-term investors, with its price at $0.844734. ADA is performing well in the smart contracts field and is known for its scalable and sustainable offerings. Recent developments, such as the Renewable Energy Amendment Bill in Australia and connections to Charles Hoskinson, Cardano’s founder, have boosted optimism for ADA’s future. With upgrades like Hydra targeting scalability, Cardano is expected to surpass SHIB and other meme coins in the coming months.
