With Bitcoin (BTC) and other major altcoins set to end the typically bearish month of September with strong gains thanks to optimism surrounding a new Fed-led global liquidity easing cycle, meme coins might be about to go into overdrive this October.
In contrast to September, October is typically one of the strongest months of the year for cryptos.
There are already signs that a new meme season is underway, and traders are scrambling to pre-position themselves ahead of a potential October meme coin surge.
The biggest meme coin in the market, Dogecoin (DOGE), recently snapped a long-term downtrend and hit two-month highs.
Shiba Inu (SHIB), meanwhile, has risen 33% in the past two days to its highest point since June.
Things are looking very promising for meme coins going into next month.
Major coins like DOGE and SHIB could post 2, 3, or even 4x gains by the end of the year.
However, many meme coin investors are looking for much bigger upside potential and will thus consider riskier, smaller, and lesser-known meme coins.
Here are some high-potential October meme coins to watch.
October Meme Coins to Watch – Which Could Be the Best to Buy Now?
SunDog (SUNDOG)
One of Tron’s leading meme coins, Sundog (SUNDOG), which is named in part after Tron’s eccentric founder Justin Sun, could be one of the top October meme coins to watch.
According to DEXScreener, its market cap was last $360 million, but it has been steadily creeping higher in the last few days.
Indeed, since its launch in mid-August, it hasn’t really been in a notable downtrend.
This reflects steady growth in its notoriety and fame in recent weeks – its official X page had around 116,000 followers, while its Telegram community had nearly 17,000 members.
As meme season returns, traders are likely to hunt for leading meme coins on the different blockchains.
With Sundog at the top of the pile on the Tron blockchain, its outlook for October is very good.
It could easily become a multi-billion dollar coin before the end of the year, posting 5-10x gains.
Crypto All-stars (STARS)
An innovative new meme coin staking protocol called Crypto All-stars (STARS) is making waves in meme coin and DeFi circles.
Crypto All-stars, currently available in presale, will allow holders of all major meme coins to earn a big STARS yield when they stake their tokens in the protocol’s exciting MemeVault.
The MemeVault will launch soon, but in the meantime, presale investors can already get started earning a massive yield by staking their STARS bag.
Per the project’s official website, STARS staking yields were last around 885%.
At that rate, STARS presale investors could more or less double their STARS bag just a few weeks before the launch of the MemeVault.
Crypto All-stars sits at the intersection of meme coin and DeFi degeneracy. It could be one of the best October meme coins to watch.
As of Friday, the presale had raised an impressive $1.7 million. Interested investors better move quickly before it expires.
Turbo (TURBO)
ChatGPT-created meme coin Turbo (TURBO) is another one to watch out for in the potential upcoming October meme season.
According to DEXScreener, TURBO’s market cap has nearly doubled since mid-September to around $450 million.
Turbo is fun and cute, like all successful meme coins, but its AI origin gives it a unique characteristic and, potentially, a strong narrative.
Turbo’s $450 million market cap leaves plenty of room for growth if meme coin markets really go crazy.
TURBO is another October meme coin to watch that could be 10x before the year’s end.
The post October Meme Coins to Watch: SUNDOG, STARS, TURBO appeared first on Cryptonews.
Read More from Joel Frank on cryptonews.com