Shiba Inu (SHIB) is one of the most popular cryptocurrencies in the market. Early investors in SHIB have reaped millions of dollars in profit. Since its launch in August 2020 to its all-time high in October 2021, SHIB’s price rallied by many million percent.
Unfortunately, many new investors believe they have missed the boat with the popular memecoin. However, there may be a few alternatives that could rally the way SHIB did in 2021.
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Top 3 cryptocurrencies under $0.1 that may rally like Shiba Inu (SHIB)
Bonk (BONK):
BONK is a Solana (SOL)-based dog-themed memecoin. The token’s price skyrocketed in 2023, rising by over 900% since January last year. BONK has faced a correction over the previous few weeks and is down by 12% in the weekly charts and over 37% since December 2023.
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BONK’s rally in 2023 could be due to SOL’s price surge throughout the year. Moreover, other SOL-based cryptocurrencies, such as Dogwifhat (WIF), also witnessed big rallies. BONK has the potential to rally similarly to Shiba Inu’s (SHIB) 2021 bull run.
Dogecoin (DOGE):
Dogecoin (DOGE) is Shiba Inu’s (SHIB) main rival, making it the prime candidate for a SHIB-like rally. There is a lot of talk about X, including DOGE in its payment feature. If DOGE makes its way into the payment feature, we may see a surge in adoption, potentially leading to a price spike.
VeChain (VET):
VeChain (VET) is another popular cryptocurrency under $0.1 that has the potential to rally like Shiba Inu (SHIB). VET is a supply chain-based project that is involved in a lot of climate-change-related initiatives. Given that environmental issues are in the spotlight, VET might see a surge in its price soon.