There have indeed been more lows than highs in cryptocurrency in 2021–22. Even though volatility is a part of any market, people have been skeptical about investing their money in the crypto market. However, there has been one crypto sector that has been progressing over the years, and that is called meme coins.
Crypto-optimists are already looking at meme coins as the next big thing. The popularity of meme coins is only increasing, thanks to celebrity and influencer endorsements. These marketing tactics are surely working and engaging the general public to buy meme coins.
This blog explains the hype around meme coins and whether or not you should invest your hard-earned money in meme coins.
The first-ever meme coin was Dogecoin (DOGE). Dogecoin powered the concept of meme coins in the first place. After being developed by software engineers as a spoof on the “Doge” meme, Dogecoin was made public in late 2013. This served as inspiration for several further meme coins. There were around 124 meme coins in circulation in October 2021.
Slowly but steadily, two major meme coins named Dogecoin and Shiba Inu gained popularity. You could say that Dogecoin, which was the first meme coin to ever join the cryptocurrency market, set the door for the other meme coins to come after.
Initially created as a joke, meme coins have worked their way to gaining their place as one of the most promising cryptocurrencies, along with tough competitors like Bitcoin and Ethereum.
Meme coins are cryptocurrencies that were developed based on popular online jokes, and they frequently gain popularity as a result of their online communities. Any cryptocurrency can become successful overnight, but meme coins have a higher chance of doing so. Dogecoin and Shiba Inu (SHIB) are excellent examples of this, and it appears as though the upcoming meme coin Rocketize (JATO) has the ability to do the same.
Investing in meme coins like Dogecoin (DOGE) carries a significantly higher risk. Their price can move considerably more quickly than other cryptocurrencies because they are related to mainstream culture even more than other cryptocurrencies, but this also means they have a huge upward potential.
Real-life Use Cases of a Meme Coin
You still have a long way to go if you still view a meme coin as an amusing joke. Did you know that many of the biggest businesses in the world now accept meme coins as payment? Tesla is one such illustration. Tesla has started taking payments in Dogecoin. AMC, GameStop, and Twitch are a few further examples.
Shiba Inu and Dogecoin, two well-known meme coins, have been damaged by the market collapse. Due to decreasing community enthusiasm and slow acceptance, meme coins were in a negative trend with no signs of recovery. However, that does not imply that the meme-coin mania is over. In fact, the coming year of 2023 is said to be the most promising year to invest in meme coins.
Projects like Tamadoge continue the trend, as shown by the warm reception the coin received upon launch. The play-to-earn, NFT, and augmented reality integration of the fun ecosystem add some flavor to the meme coin concept. The game’s main focus is on Tamadoge Pet NFTs, which you can breed and pit against other pets to earn rewards.
On OpenSea, the first collection of ultra-rare Tamadoge NFTs is presently for sale. The game will join the virtual world after the Tamadoge AR App launches early next year, making the NFTs one of the top digital collectibles of 2023.
Now, we are going to talk about the top 10 meme coins to consider buying in 2023, for all the good reasons.
1. Toon Finance
Anything related to decentralized finance or decentralized exchange is going to have a bright future. Toon Finance Coin is powered by DEX and does not involve third parties. Toon Finance Coin is also one of the most searched coins among its competitors.
Soon, Toon Finance Coin will be able to develop authority and credibility with a strong DEX of its own after beginning as a meme coin. Toon Finance DEX will:
- Eliminate the need for a mid-man with every transaction.
- Offer the lowest price possible to users, traders, and more.
- Allow users to trade TFT coins in a secure environment.
- Allow traders to execute a trade directly with each other.
A DEX is only one component of the Toon Finance ecosystem. A crypto coin, NFTs, a cross-chain bridge, a metaverse, games, and many other projects are in development. The Toon Finance ecosystem has a lot to offer in terms of exploration.
The initial coin offering (ICO) for TFT was just recently launched in October and received tremendous support from the cryptocurrency world, selling out over $3 million worth of coins in less than a week. They are also creating a metaverse that will allow players to compete against one another while playing games.
In the realm of Toon Finance, there are also many other fascinating developments planned. That is why it ranked first on our list.
2. Big Eyes
Big Eyes, also referred to as the “cutest currency,” is well-known in the area of cryptocurrency and meme coins. Big Eyes has amassed $9 million throughout its presale and has a cute design. 90% of the coins are readily available at launch, 70% are sold during the pre-sale, and 20% are intended for exchanges, according to the transparent facts.
Big Eyes is concerned about its community. Hence, I t not only delivers memes but also gives back to its vast community. This explains why a public charity wallet has 5% of the total value of Big Eyes’ tokens.
Before the bear market enters the resting phase and the next bull run arrives, now is the time to stock up on your Big Eyes tokens while it is still strolling around the cryptocurrency world.
3. Dogecoin
The fact is that Dogecoin was created as a joke. Another fact is that there hasn’t been a shortage of people willing to invest in Dogecoin. Dogecoin was created by Jack Palmer and Billy Marcus with no utility and an infinite supply.
Dogecoin has been out of the limelight for a long time since its creation almost a decade ago. Things changed when Elon Musk tweeted about it in 2020. It led to a hike in Dogecoin’s price and also inspired the developers to do technical upgrades to the coin. Meme coins are
Dogecoin is also the most popular meme crypto coin in the world. Everyone wants to invest in Dogecoins due to their growing popularity and performance. It is anticipated that by 2030, Dogecoin will reach $0.98. So, if you are considering investing in meme coins, Dogecoin is a safe and good option to get started. You will definitely make big gains in the future.
4. Shiba Inu
Shiba Inu, the second-largest meme coin in the world, was created by Ryoshi in August 2020. You might be astonished to learn that SHIB was being watched by some of the most wealthy Ethereum users. It surpassed Bitcoin and Ethereum to become the most popular coin in 2021.
Although 2022 was a difficult year for the whole cryptocurrency industry, Shiba Inu was able to continue to be successful and well-liked. Shib is a community-based alternative coin. Therefore, the success of the coin is heavily reliant on the development of the community. In this context, the utility’s role is less important.
SHIB should be on your wish list for 2023. If you are into meme coins and know about the volatility and risks associated with the crypto market, you should definitely play your cards for SHIB since the prices are low at the moment.
5. Floki Inu
Floki Inu is definitely one of the crypto coins to watch in 2023. It isn’t popular as Dogecoin or Shiba Inu. but it has the potential to stand strong in this highly volatile bear market. The best thing is that since its launch, Floki Inu has been consistently doing well.
Even during the infamous December 2021 market crash, the floki inu market cap was $1.06 billion. The makers of Floki Inu confirmed that there could be up to 10 trillion tokens available, which is certainly a very large token supply. The cost to purchase this coin at the moment is also rather low.
The whitepaper and website for Floki Inu state that it will have three uses, or pillars:
- The Valhalla play-to-earn NFT metaverse game is being created by the Floki Inu team, and cryptocurrency will be the main form of payment.
- Floki will be utilized for an NFT marketplace named FlokiPlace, similar to how many other recent cryptocurrencies have been.
- Finally, the Floki Inuversity platform will aid in educating people about cryptocurrencies and blockchain in general.
6. Kishu Inu
A meme token called Kishu Inu claims that its goal is to introduce well-liked cryptocurrency ideas to the general public. There are currently non-fungible tokens, a decentralized cryptocurrency exchange, and benefits for token owners (NFTs).
The “Kishu” dog breed was chosen as the brand mascot for Kishu Inu, a dog-based meme cryptocurrency. KISHU’s developers openly acknowledge that Dogecoin served as a source of inspiration (DOGE).
The secret of Kishu Inu is that it pays out 2% of each transaction to token holders via their personal decentralized wallets. Kishu Inu’s ability to create passive revenue just by remaining in your bitcoin wallet is one of its important features.
7. GamingDoge
Just like many other meme coins, GamingDoge is also inspired by the OG Dogecoin. GamingDoge is one of those meme coins that strives to be more than just a meme coin.
DOGE aficionados and gamers come together thanks to the GamingDoge coin. The coin’s creators hope to create an ecosystem for gamers that consists of an exchange. The exchange is like a marketplace for NFT, and NFT games, and it will eventually expand into the biggest community in the cryptocurrency world. It is the ideal friend and simply seeks to uplift the gaming community and the Doge community.
8. SamoyedCoin
The Samoyedcoin from the Solana Blockchain is the next in line. Sam Bankman-Fried, a well-known Solana advocate and proprietor of the FTX cryptocurrency exchange, and Anatoly Yakovenko, a Solana developer, established Samoyed Coin. The main goal is to increase the enjoyment of the onboarding procedure. As a result, Samoyed Coin has become a well-known meme coin.
The amusing cryptocurrency aims to increase the number of Solana users. Additionally, it seeks to forge ties with individuals and enlighten market participants. Additionally, it helps token holders maximize their possible return. The public face of meme coins on the Solana blockchain is Samoyed Coin, one of the stars of the fastest-rising memes.
9. Akita Inu
This is the third canine-themed token in the series. Another meme currency to pay attention to is the Akita Inu. It is a decentralized community project called Akita Inu. On the Ethereum network, it was constructed. Like Shiba Inus, the initiative had humble beginnings. It was mostly created by a group of meme-crypto enthusiasts.
Additionally, the project is a social experiment. The objective is to become the most popular meme coin that links people. Akita Inu claims that Vitalik Buterin, the co-founder of Ethereum, received half of its token supply. For liquidity, the remaining half was deposited into a UniSwap account. As a result, Akita is now among the best meme coins.
10. Dogelon Mars
The most well-known meme cryptocurrency, Dogecoin, has a branch called Dogeon Mars. Elon Musk, the primary supporter of Dogecoin, was enlisted by the developers. For the project’s establishment, they have combined both characteristics.
Dogelon Mars is a community-driven, decentralized meme cryptocurrency. Mars plays a central role in the project’s plot. It shows how the video game meme with a dog theme travels through space and meets new people. This token’s call sign is ELON. ELON is hailed as the upcoming major meme currency.
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