Meme Token Mania Sparks Triple-Digit Gains for Binance Smart Chain Altcoins

This week’s surge in popular meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE) could be a sign that the good times are back, a quick glance at Crypto Twitter reveals a long list of tweets, aspiring traders Discuss buying a Lamborghini, quitting your day job and becoming a full-time cryptocurrency trader.

While DOGE and SHIB get most of the media and investor attention, they aren’t the only low-priced tokens seeing price surges. The value of the meme coin has risen on all major networks, including Binance Smart Chain, suggesting renewed optimism among retail investors of all stripes.

Below we take a look at three relatively “unknown” Binance Smart Chain tokens that have seen solid gains over the past week.

Hoge Finance

Hoge Finance (HOGE) is a meme-loving decentralized finance protocol that describes itself as community-driven and has a capped token supply with a deflationary mechanism that consumes 1% of tokens per transaction supply.

Since hitting a low of $0.0001 on Oct. 13, the price of HOGE has soared 533 percent to a daily high of $0.000633 on Oct. 28, according to CoinGecko, as its 24-hour trading volume surged 330 percent to 1,230. Ten thousand U.S. dollars.

The price of HOGE has skyrocketed as the team behind the project has been teasing an imminent listing on one of the top five cryptocurrency exchanges. Beyond that promise, there is little else to be said for the project from a fundamental analysis standpoint, but isn’t that true for Dogecoin and most other canine-themed coins?

Australian Safe Shepherd

Australian Safe Shepherd (ASS) is a community meme token that started as a fork of the Safemoon project.

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As part of the token design, 5% of every transaction made on PancakeSwap is locked in a liquidity pool to ensure sufficient liquidity at all times. An additional 5% is redistributed to all ASS token holders as a passive reward and incentive to hold the token.

Since trading as low as $0.00000000235 on Oct. 25, the price of ASS has increased by 203 percent, reaching a peak of The daily high on the 28th was $0.00000000711.

Taboo Token

Taboo Token is an adult entertainment-themed NFT and streaming project that specializes in exclusive content provided by models working with the platform.

While not falling under the definition of a meme coin, Taboo Token is another low-priced project on BSC that has achieved remarkable results in the past few weeks.

After hitting a low of $0.0008 on Oct. 4, TABOO’s price surged 1,812% to a daily high of $0.0153 on Oct. 13, as its 24-hour trading volume soared to a record high, according to CoinGecko. $11.52 million.

Previously, OnlyFans announced that it would ban adult entertainment on the platform, and TABOO also proposed a viable alternative. OnlyFans later reversed the ban, but it seems creators have realized the benefits of a decentralized platform.

TABOO prices remain at their current levels despite OnlyFans changing their minds, and the developers behind the protocol are planning to build out their own ecosystem and have often teased upcoming developments, including the launch of a Taboo marketplace that will feature content from industry giants and NFTs of celebrities like Paris Hilton.