3 Cryptos You Would Have Rather Bought Instead of Shiba Inu

In the world of speculative meme tokens Shiba Inu (SHIB USD) remains one of the most followed tokens. This meme project saw an incredible rise during the last crypto hype cycle before falling significantly from its peak.

However, Shiba Inu and its fellow meme tokens are once again showing signs of life with this latest round of bullish sentiment in the market. However, given Shiba Inu’s massive size, many investors believe that other altcoin projects could have more upside potential, relatively speaking.

Here are three such cryptos that are better than Shiba Inu in this cycle.

Jupiter (JUP)

Jupiter (JUP-USD) has been on the move over the past week and experienced significant volatility. The token fluctuated in a range from around 70 cents to more than $1 per token, exhibiting what many refer to as a “peak and trough” pattern when it comes to its technicals.

I believe that Jupiter does have the potential to break out of this range on a large scale for several reasons. A key Solana (SOL USD) decentralized exchange aggregator, Jupiter essentially aggregates liquidity from various DeFi platforms. By providing token swaps with relatively low transaction fees, Jupiter has captured significant market share on the Solana blockchain. Some estimates put Jupiter’s market share on this network at around 80%.

In particular, Jupiter appeared after the project’s development team announced a partnership with the project Cat-themed tokens WEN tokens (WEN-USD). The aim of the collaboration was to spread Jupiter’s message through the Jupiter Work Group (JWG) and the WEN Work Group. This led to increased investor interest and market activity, resulting in significant increases in the value of both JUP and WEN tokens, with JUP reaching an all-time high of $1,034.

For those looking for meme-like returns from a DeFi project, Jupiter is certainly a project to keep an eye on.

Maple (MPL)

maple (MPL-USD) stands out in the world of decentralized crypto lending, offering loans with less collateral than traditional lenders. The recent airdrop has sparked interest and increased engagement and network activity. CEO Sid Powell wants to expand into Asian markets and emphasizes the need for clear US crypto regulations.

Maple Finance dominated its DeFi competitors in the week ending February 19, posting notable growth in total value locked (TVL) and revenue. Despite the sluggish MPL price and modest developer activity, Maple Finance’s financials skyrocketed, outperforming the competition by more than 10 times.

Since its launch in January 2024, the Maple Lender Portal has attracted over 300 accounts, signaling rapid market adoption. Maple Finance is committed to this Asian markets in 2023 and subsequently expanded to the basic network.ether (ETH-USD) and Solana integration. CEO Sid Powell emphasized the need for clear US crypto regulations targeting capital formation and on-chain lending funds. Maple is trying to navigate Asia’s regulatory landscape by leveraging financial hubs like Hong Kong and Singapore. If the project can achieve its global ambitions, there could be a lot of potential on the horizon.

Dogwifhat (WIF-USD)

For investors looking to leverage some of their hard-earned capital for big gains, Shiba Inu’s rise so far has resulted in an astounding market capitalization. Finding other under-the-radar meme tokens with more upside potential (mathematically speaking) might be a better choice.

Red hot meme coin Dog woman (WIF-USD) might be the project to focus on.

Personally, I’m not a fan of meme tokens, which I consider to be “hardcore” – ones that have little use outside of their core communities. However, dogwifhat certainly has a growing community and a lot of momentum. These are the two main ingredients that most speculators look for. And with the project structure $690,000 in four days, It is clear that investors are ready to put their money where their mouth is and support this token.

While dogwifhat remains very popular and could certainly rise from here (that’s why it’s on the list), it is a pure gambling investment. I have no idea what direction this token will move in any given time period. Therefore, I think investing in such projects is something that only those who have an incredible sense of volatility should attempt.

However, for those seeking a life-changing return, it’s at least worth talking about.

At the time of publication, Chris MacDonald did not hold, directly or indirectly, any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author and are subject to InvestorPlace.com’s publication policies.