Meme coins are all the rage in the crypto market. These cryptocurrencies have taken the world by storm, with popular public figures backing them for long-term viability. While there are thousands of options, getting the best meme coins to buy can be a tad difficult, especially if you are new to the space. In this video, we will explore some of the top meme coins that will explode in 2023.
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Now, let's get started.
The first meme coin on this list of meme coins you should consider investing in today is the PEPE coin.
The PEPE meme coin has experienced a significant surge in price, reaching a new all-time high of $0.000000816, representing an increase of almost 38,900% since it was launched on April 14. Thanks to its rapid ascendency, PEPE has now broken into the top 100 coins by market capitalization, with a value of $516 million.
PEPE is now ranked as the fifth biggest memecoin, and it is quickly closing in on fellow memecoin Floki (FLOKI). With a 24-hour trading volume that was only beaten by Dogecoin, at the time of this recording, PEPE is less than $1 million from overtaking FLOKI. In the meme coin market, PEPE is seeing continuous bullish price action, and it could break into the top 50 soon, before setting its sights on its next target, Baby Doge Coin.
PEPE tokens are based on Pepe the Frog memes, and the token's surge follows a pattern characterized by social media-fueled hype. Whether PEPE will become a permanent fixture in the crypto community remains to be seen. For now, it has certainly captured the internet's imagination.
A listing on a major cryptocurrency exchange could impact PEPE's longevity, as it did with Floki Inu, which saw a 50% price increase after being listed on Binance. Although Binance has only published a PEPE buyer's guide so far, speculation is rife that the exchange could open a space for PEPE on its platform.
Investing in PEPE carries risk, as it is a meme coin with no real-world utility. However, the potential rewards are also high. While its Market Cap puts it among the top five coins, the market cap is small compared to what it could be in a bull run. For example, Shiba Inu, which is also a meme coin, has a market cap of almost $6 billion, and it reached an all-time high of nearly $50 billion in October 2021.
Assuming the hype around PEPE continues, reaching a $6 billion market cap is more than 10X the current price, and it's a realistic possibility, even without a bull run.
Now, the next up on this list is Dogecoin. It is the meme Coin with Highest Market Cap.
If you’re asking yourself: ‘is Dogecoin a good investment?‘ you’ve come to the right place.
Dogecoin is our number one for the best meme coins to buy for the long term. It’s also considered one of the best shitcoins and most undervalued cryptos in 2023. Started in 2013, Dogecoin is the foremost joke cryptocurrency and was meant as a joke on the sudden growth of alternative currencies (altcoins) following Bitcoin’s popularity. Dogecoin has since evolved and become a tipping crypto asset for holders.
Now, Dogecoin is considered the king of the meme crypto ecosystem, one of the most and has been popularized by eccentric entrepreneur and billionaire Elon Musk. The Tesla and SpaceX CEO played a principal role in the boom of the meme coin niche and Dogecoin’s rise to nearly $1 in value as DOGE tapped out at 73 cents. Meanwhile, Musk has not given up and is still known to be a stalwart supporter of the meme coin.
Dogecoin is far from its 2021 high but the digital token is still part of the top 20 most popular meme coins in the world. Keeping in tandem with its popularity, Dogecoin has continued to see massive adoption. TV streaming company Sling TV recently announced that it would be accepting DOGE as payment for its services. This was corroborated by crypto payment company BitPay.
DOGE is currently trading at $0.07. So, if you want to buy cryptocurrency and are looking for the most promising meme coin, it’s worth researching. Elon Musk took control of Twitter in October 2022 which many have predicted will eventually allow for DOGE payments.
As an April Fool’s joke in 2023, Musk briefly changed the Twitter logo to the doge image – briefly sending the price soaring
And, there is also a derivative crypto project Baby Doge that was built to have higher utility and improved Tokenomics and transaction speeds. And that’s is why DOGE coin is the second coin on the list.
Finally, Shiba Inu is the last meme coin on this list. Shiba is the top Meme Cryptocurrency with Growing Utility.
The meme coin race has been made even more interesting with Shiba Inu’s launch in late 2020. According to its anonymous creator Ryoshi, Shiba Inu is a spontaneous experiment on the community-driven initiative. This is a part-piece attempt to topple Dogecoin on the meme crypto crown and install Shiba Inu as the top meme coins for investors. This has seen Shiba Inu nicknamed the ‘Dogecoin killer.’ Despite playing second fiddle to Dogecoin, Shiba Inu surged over 21,000% in the climax of the 2021 price rally making the digital asset one of the best meme coins to buy this year.
However, Shiba Inu does not aim to take over the top spot with just social media hype and fanfare. The Shiba team has been churning several use cases to keep the project relevant and top-of-mind for investors. One of the most recent is a foray into the Metaverse. According to a blog post on its website, Shiba Inu is looking to introduce virtual real estate called Shiba Lands.
SHIB has kept in tandem with the broader crypto space and is up 4.38% in the past day while trading at $0.00001. According to Shiba Inu Price Predictions, this meme coin could edge closer to its all-time high of $0.00008845 by the end of the year. That's almost 10X your investment if you buy it now.
And that's all for this video. If you can find a meme coin that has a massive community, then you’re safe. Some of the top meme coins on our list are just this way. Dogecoin has a massive community – and so does Shiba Inu. PEPE coin is also seeing its communities swell.
You can invest in the most popular meme coins while knowing that your funds are protected and will rise.
Another impressive factor about meme coins is that they could always become more useful. The fact is that meme coins can only get so much help from their communities. But, if the asset doesn’t have a definitive use, then it might end up lagging.
To overcome this, some of the best meme coins for 2023 have already begun changing. Dogecoin is now accepted as a payment method at the Tesla store, and there are chances that other companies might accept it. Shiba Inu’s developers are also working on a decentralized exchange called ShibaSwap.
All of these are sure to give the meme coins more usefulness. Coupled with their already massive communities, they should be able to see impressive gains overall.
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