Despite a volatile market the popularity of crypto-coins is growing every day, and the same is true for meme coins. From Dogecoin to Floki Inu, the rise of meme coins can be traced back to the internet. These coins were conceived in order to promote a particular concept, or meme. In fact, Dogecoin started as a joke.
Some of these memes became so popular that they eventually made their way into the real world. Others have since become more popular, such as Doge Dash and Shiba Inu.
In this article we’ll take a look at the top 7 meme coins that could do well in 2023.
Dogecoin
The market capitalization of Dogecoin is nearly $10 billion and that’s no joke. Dogecoin has a significant lead over the next five cryptocurrencies, including Shiba Inu (an Ethereum-based meme coin) which is worth $6 billion. Meme coins may have little economic use now, but vibrant ecosystems are being built and Dogecoin is popular with investors because of its potential for widespread adoption as a form of payment.
The initial goal of meme coin projects is to generate hype from a broad community. Elon Musk’s tweets about Dogecoin, as well as those of Shiba Inu, helped the currency skyrocket. And, unlike with the other cryptocurrencies, Dogecoin (and Shiba Inu) have a vast supply. That can both work and against them. A vast supply makes a coin affordable to almost anyone but also makes it harder for the coin to rise in value, since scarcity generally equates with value.
Shiba Inu
The Shiba Inu coin is a popular meme token that was launched in August 2020. A spin on the Dogecoin (DOGE) meme, it is themed around the Shiba Inu dog breed. Like DOGE, this coin has grown in popularity as a multibagger cryptocurrency. Its popularity has resulted in many investors flocking to the market. But what are the benefits of owning this coin?
The Shiba Inu is a Japanese breed of dog that was the original inspiration for Dogecoin. Shiba Inu meme coins are dog-themed altcoins created by a mysterious creator, Ryoshi. These coins are aimed at a select group of investors because they are based on an inside joke. Hence, the value of these coins is expected to increase over time. These altcoins are not regulated and are highly volatile.
Floki Inu
Since its launch, Floki Inu (FLOKI) has created quite the stir. Inspired by Elon Musk’s dog, the cryptocurrency aims to be a copycat of the Shiba Inu, the Japanese breed. It was created by a group of Shiba Inu fans on the Ethereum blockchain and Binance Smart Chain network. While its name may be funny, the cryptocurrency is actually quite useful and has many uses beyond memes.
Floki Inu was born in the SHIB community and was named after Elon Musk’s Shiba Inu dog. The coin has three major sectors, including its own blockchain and exchange. The FLOKI token will power an on-chain game called Valhalla, a “metaverse” game with upgradable NFTs. It also features a battle mode and gardening system.
Doge Dash
Meme coins have been on the rise over the last couple of years and are now part of the crypto market. These are coins that have a unique personality and appeal to a wide variety of people. The first one was Dogecoin, which was created in 2013 as a mockery of Bitcoin. Although it is actually a fork of Litecoin, Doge Dash is unique in that it is not a blockchain in and of itself, but runs on Ethereum.
The success of DOGE inspired GamingDoge, a play-to-earn coin. The game borrows heavily from the popular Super Mario and Sonic video games. The mission is to collect as many coins as possible, and at the 10th level, the coins end up in the buyer’s wallet. The project was created by Grammy-nominated creative director Paul Caslin. Currently trading at $0.00026, DOGEDASH has experienced a 15% increase over the past day.
Dogelon Mars
It’s no secret that Dogelon Mars is gaining popularity among crypto investors. This meme coin is rapidly gaining in popularity as more people are making their first investments with cryptocurrencies. But is Dogelon Mars a millionaire maker? Here’s a quick look at this cryptocurrency’s future in the meme space. It is expected to rise to $0.00000413 by 2030, according to its most recent price prediction.
It isn’t clear why Dogelon Mars has gained so much popularity. While many other companies have jumped in to produce their own meme coin, some countries are trying to regulate their circulation. Thailand’s ban on meme coins will likely prohibit Dogelon Mars from circulation until July 2021. Until then, however, this meme coin is a must-have for anyone who wants to own it.
Wakanda Inu
The creators of Wakanda Inu have a noble purpose. They have a vision to increase cryptocurrency adoption in Africa, and the Wakanda Inu token will help achieve this goal. It is a community-driven project with an objective to foster togetherness, facilitate social upliftment, and further the meme-powered metaverse. The project will launch as a cryptocurrency and will have a public sale.
The idea behind the Wakanda Inu token comes from the “Black Panther” film, which is set in an African-themed world. The Wakanda Inu token is based on a fictional currency, and has a unique use case. While the OG meme coin, Dogecoin, has skyrocketed in value in the past year, Wakanda Inu was designed with a more practical use case in mind. By leveraging the interest of the African community to support local entities, it claims to be an innovative movement.
GamingDoge
GamingDoge is one of the meme coins that arose from the success of DOGE and aspires to be more than just a meme currency. The coin brings DOGE fans and gamers together. The coin’s creators hope to build an ecosystem that includes an exchange, an NFT marketplace, and NFT Games as a one-stop solution for gamers, eventually becoming the largest community in the crypto world. It is the ultimate companion and wishes to make the Doge community and Gamers proud.
Final thoughts
Meme coins are here to stay, just like many other innovative alternative cryptocurrencies. However, the success of any meme coin is contingent on its capacity to cultivate a robust community, maintain its place in the cultural canon, and provide holders with some form of value, even if that value is only a humorous joke or the perception of worth.
This article is intended for educational purposes only and is not an inducement to invest in any cryptocurrency. Do your own research and never invest more than you can afford to lose.
