Meme Coin Champion Murad Predicts the Next Dogecoin and Shiba Inu

Murad, a notable memecoin analyst, identifies Dogecoin (DOGE) and Shiba Inu (SHIB) from this cycle.

Some consider meme coins to be the highest beta in crypto. However, their high return potential comes with high risk. Although there have been notable successes like Dogecoin (DOGE) And Shiba Inu (SHIB)these successes have been difficult to replicate, given the purely speculative and exaggerated nature of the industry.

Yet Murad Mahmudov, who has positioned himself as a connoisseur in a sector that continues to perplexe some of the industry’s biggest thinkers, argued that memes would remain the dominant narrative in the current market cycle. Recently, he revealed his top picks, which he believes will be the next DOGE and SHIB.

Dogecoin (DOGE) and Shiba Inu (SHIB) this cycle

In a response from Wednesday January 1st At the popular crypto-focused X account Altcoin Daily, Murad claimed that SPX6900 (SPX) and Gigachad (GIGA) are the Dogecoin and Shiba Inu of this cycle.

Murad’s choices come as no surprise as he has frequently touted their promises in recent months, and their successes have brought him more notoriety.

SPX is a Based on Ethereum meme coin created on August 16, 2023, which plays on the memetic value of the number 69 and is presented as a reset of the S&P 500 index, “a stock market for the people”. Etherscan data reveals that the token has a supply of 1 billion with over 29,000 holders. However, the top 100 holders hold over 69% of the supply.

However, according to DEX filter dataSPX has a market capitalization of $885 million. As a reminder, DOGE and SHIB have market capitalizations of $49 billion and $13 billion respectively.

Meanwhile, GIGA is a Based on Solana meme coin which debuted on January 5, 2024. By Solscan According to the data, the token has a supply of 9.6 billion with over 66,400 holders. Although the concentration of supply is not clear, roughly equivalent distribution among the top 100 token holders may suggest that the token supply is concentrated among a few holders. Always, DEX filter data shows that it currently has a market capitalization of over $740 million.

While SPX and GIGA appear to be nowhere near reaching the same level of success as DOGE and SHIB, Murad told Altcoin Daily that he expects the rising sensations of meme coins to grow a hundredfold in 2025.

This will mean a market capitalization of $88.5 billion for SPX and $74 billion for GIGA. While this estimate seems far-fetched, it is important to remember that DOGE reached a peak market cap of around $98.5 billion during the 2021 bull cycle.

It remains to be seen whether SPX and GIGA can replicate this impressive performance, as Murad predicts.

Murad controversies

It should be noted that Murad faces charges of having no real advantage in the market outside of the influence of his 600,000 or so subscribers to pump the coins he is involved in.

In October 2024, prominent crypto sleuth ZachXBT revealed 11 wallets allegedly associated with Murad with holdings exceeding $24 million at the time, including 30 million SPX worth $17 million and $70 million of GIGA worth $3.5 million.

1/2 I discovered 11 highly reliable wallets related to @MustStopMurad holding approximately $24 million in meme coins on Ethereum and Solana so the community can monitor its future activity. pic.twitter.com/OTx6XMguTA

-ZachXBT (@zachxbt) October 9, 2024

However, the current Dune analysis of these wallets shows zero SPX balance and only 391,000 GIGA, suggesting that Murad has either moved or significantly unloaded his holdings.