Dogelon Mars' and Shiba Inu rises 4000% and 1000% respectively in October.

The Crypto Market has witnessed a revival and massive pump on MEMECOINS and SHITCOINS last week after their brutal dump in May following the Bitcoin crash. Particularly, the two Memecoins: Dogelon Mars and Shiba Inu has shown massive pumps up to 4000% and 900% pump respectively in just October alone. Other Shitcoins as Catecoin, Feg, Safemoon, Safemars, Pitbull, Vancat and Elongate has risen by more than 700% each just October alone suggesting a revival and beginning of Memecoins and Shitcoins season.

The last two weeks ending the month of October this year have been remarkable as the weeks and month for the resurgence of Meme coins and Shitcoins ever since their general dump in May after Bitcoin crashed down to 30K. Most Memecoins and Shitcoins had remained stagnant and sleeping till their sudden wake in October others after Bitcoin hit once more its previous ATH at 64K and proceeded to a new ATH at 67K. among the Memecoins are the two linked directly and indirectly with Elon Musk.

Dogelon Mars (Elon) which is a meme cryptocurrency named after Tesla and SpaceX CEO Elon Musk has risen in price value up to 3,800% in October alone. This Meme coin mimicked Dogelon Mars (ELON), reached $0.00000233 last week's Saturday creating its highest level (ATH) since May 13—after opening the month at $0.00000005 (data from Poloniex).

The massive investment into this Memecoin had pushed the market cap. of this coin from around $26 million on Oct. 1 to as high as $1.19 billion on Oct. 30, thus making MUSK the 92nd-largest cryptocurrency in the world by market capitalization.

Similarly, Shiba Inu (SHIB), a Dogecoin-inspired joke cryptocurrency which has been flattered by Elon Musk as the next Bitcoin has risen by more than 900% in October to attain a market cap of around $39.50 billion and even surpassing Dogecoin itself. Many believe that the world richest man Elon Musk must have invested greatly into this Memecoin hence the sudden rise in market cap. However, the Billionaire had come up last week to claim he is currently not holding any. Shiba Inu again as some imagined. The Shiba Army team had immediately come up to declare that they don't need Elon Musk as to maintain the Pump as many feared he might be a great whale in this coin and might dump it secretly when least expected.

Other top meme cryptocurrencies by market cap. Source: CoinMarketCap for instance could be seen below:

Samoyedcoin (SAMO) surged by around 2,925% to reach a market valuation of around $458 million. Hoge Finance's (HOGE) rallied by 2,923% in October to become a $458 million asset in comparison to $15 million at the beginning of this month.

Similarly, other Shitcoins as Catecoin, Feg, Safemoon, Safemars and Elongate have surged by nearly 900% since the month of October suggesting the revival of Shitcoins season.