The cryptocurrency market is currently witnessing a notable shift with the rise of the memecoin $SKBDI, which is being compared to the previously popular $GIGA. As of late August 2024, $SKBDI has gained traction, with mentions of its potential to reach significant market capitalizations. $GIGA is reported to have a market cap of $160 million, while $SKBDI is noted at $6 million, suggesting a disparity in their respective market positions. Observers are speculating on the future performance of $SKBDI, with some suggesting it could become a major player in the memecoin space. The sentiment around $SKBDI is largely positive, with users expressing enthusiasm about its potential growth despite a general downturn in the market. Additionally, there are indications that the community is rallying around $SKBDI, with calls for increased investment and engagement.