Q3 Showing The Resilience Of The Crypto Market

Q3 was the best performing month for many coins and tokens across the crypto market since the bull run ended and showed the resilience that is held within the market. Some of the most resilient coins are within the meme coin space, with Shiba Inu (SHIB) and Dogecoin (DOGE) in particular trading largely sideways amidst volatility.

This has now led many to believe that meme coins could be set for a very strong Q3, but which meme coin will come out on top as RoboApe (RBA) looks set to join the industry behemoths?

Why RoboApe Can Flourish

RoboApe (RBA) is new to the meme coin space, but unlike Dogecoin and Shiba Inu, where their utility largely derives from a store of value, although Dogecoin is now growing in use cases and is accepted across many online merchants for purchases, RoboApe has a variety of utility products and innovative initiatives.

One of the key sectors that RoboApe is looking to elevate is the world of gaming. The platform will host a multitude of charity gaming events alongside community-based games and also pro-level events. This is while still operating under a meme coin structure by being community-driven, meaning that those who own the token will be able to vote on the future of the coin. From this initiative, RoboApe aims to provide fairness and equitability to an industry that is top-heavy and often unmeritocratic.

Moreover, RoboApe is also creating an entirely free education hub called RoboApe Academy to aid the onboarding process for new users into crypto. They could have taken inspiration from Dogecoin and how they were the entry point for many new users into crypto but sadly had no educational material to integrate new users further. This is an excellent mechanism that is mutually beneficial for both RoboApe and new users and is another reason that RoboApe can be that next-generation meme coin that provides real utility in the market.

With other initiatives planned and a growing community, RoboApe could have one of the best performing Q3s.

Dogecoin Still Leads The Way

While RoboApe has the potential to lead the way as the next-generation meme token, Dogecoin is still unquestionably the premier meme coin in the market today. As mentioned, Dogecoin back in 2020 and 2021 was the entry point for many new users into crypto and other tokens should be grateful for the uptick in adoption that benefits the whole market.

Through its fun design and strong community, Dogecoin epitomises what a good meme coin is. The HODLers of the token really do care about one another and are holding the token to help each other reach their financial goals. This has shown in the charts as over the last 30 days Dogecoin has been trading in a very tight bracket which is abnormal when compared to the rest of the crypto market. However, this truly proves just how much those within the Dogecoin community can rely on each other to hold the token and keep faith in the project.

As use cases increase with Tesla, the Dallas Mavericks, and AMC Entertainment now accepting Dogecoin for purchases the future looks bright for the token and as liquidity is beginning to flood the market once more, Q3 could be very positive for DOGE.

Shiba Is The Baby Doge That Offers Higher Reward, But Higher Risk

Shiba Inu (SHIB) is now also a staple within the meme coin space and has been dubbed 'the baby Doge' by many in the community. Like many meme coins, Shiba has provided financial freedom for many, with one user turning a $7850 investment into over $5 billion in just 14 months.

While the rewards can be higher with Shiba, given the current market cap of the coin, the risk is also higher as the token has typically traded across a wider range than Dogecoin. This begs the question that the community may not be quite as strong as with Dogecoin, but there are still well over a million holders of Shiba Inu and this has stayed consistent for some time now.

Unlike DOGE, however, the utility as a payment gateway is not as advanced but over the last year, they have made inroads with 11 major outlets now accepting payments in SHIB, with AMC Entertainment the most noticeable to accept the token. If SHIB can expand further and on the same trajectory as DOGE then the protocol could potentially have a very strong Q3 and Q4. However, be wary that the risk is likely higher.

Who Will Be The Top Performer?

So who will be the top performer across Q3 for these meme coins? Well, it is difficult to say, however in terms of what investment to make it will depend on your risk tolerance. If you as an investor have a high-risk tolerance then a new protocol such as RoboApe could be the option for you. For users with lower risk tolerances, Dogecoin or Shiba Inu look to be a safer option, but the upside is also possibly less.

If you enjoyed this article, why not learn more about RoboApe through this link!

RoboApe (RBA)

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