Step into the wild and wacky world of cryptocurrency, where coins pop up faster than you can say “to the moon!”. Among the sea of digital currencies, there’s a quirky and hilarious category that’s taken the internet by storm: meme coins! Let’s explore top meme coins 2023.
These coins aren’t your ordinary, run-of-the-mill cryptocurrencies: they have harnessed the power of memes and viral trends to launch themselves into the stratosphere of crypto fame! However, they do share one trait of your regular crypto: while the top meme tokens take you on a wild ride of ups and downs, if you’re not careful, they might also leave you feeling a bit dizzy.
Don’t get disheartened, though! For the daring and risk-loving individuals out there, the potential rewards can be absolutely mind-blowing!
If you are still wondering how to find new meme coins, this post is for you! Join us as we explore the top meme coins 2023!
What are Cryptocurrency Meme Coins?
Starting at the basics: crypto meme coins are a category of cryptocurrencies that have gained popularity primarily due to their association with internet memes and online communities. These coins often have unique and humorous names, logos, and branding, which are designed to attract attention and engage users. The top meme tokens often serve as a form of digital entertainment or a means for individuals to participate in internet culture.
Now, how to find new meme coins? The answer is easy: just go through our list of top meme coins 2023 below!
Top Meme Coins 2023
Over the past month, the meme coin economy has grown by a whopping $759 million, with Dogecoin and Shiba Inu Coin at the lead. So, which are the top meme coins that will explode in 2023? Let’s find out!
Dogecoin
A humorous and jovial endeavor, Dogecoin (DOGE) was developed in 2013. It was first motivated by the well-known “Doge” internet meme, which featured a Shiba Inu dog with captions in sloppy English. Billy Markus and Jackson Palmer, two software developers, developed Dogecoin as a more approachable and amusing substitute for Bitcoin.
Notably, Elon Musk, one of the biggest influencers in the crypto space right now, seems to hold immense praises for this particular meme crypto! He is responsible for attracting quite a lot of user attention to DOGE.
Like Bitcoin and other cryptocurrencies, Dogecoin runs on a decentralized, open-source blockchain. Miners validate transactions and safeguard the network by solving challenging mathematical puzzles using a proof-of-work consensus process.
The vibrant and devoted community that supports Dogecoin is one of its distinguishing features. Dogecoin supporters, often known as “Shibes,” have participated in several charity endeavors and fundraising campaigns, demonstrating the community’s compassion and generosity.
Dogecoin was initially developed as a joke or meme, but it has since grown immensely popular and amassed a devoted fanbase. Some people and businesses have welcomed it for tipping, donations, and microtransactions.
It’s crucial to remember that Dogecoin carries risks related to its price volatility and speculative character, just like every cryptocurrency. As with any investment, caution and careful investigation are essential.
Shiba Inu Coin
Our top meme coins 2023 list is incomplete without this one! The Shiba Inu Coin is a cryptocurrency that rose to prominence in 2021. It is also known as Shiba Token or just SHIB. fun fact: it was given the Shiba Inu dog breed’s moniker because that breed is also related to the Dogecoin meme.
The Shiba Inu Coin was developed as a decentralized community building experiment with the intention of it becoming one of the top meme tokens. It uses ERC-20 smart contracts and the Ethereum blockchain to operate. Shiba Inu Coin was developed by its developers as a Dogecoin substitute in an effort to produce a community-driven initiative with a comparable sense of humor and enjoyment. The Shiba Inu dog that serves as the token’s mascot is depicted with a mischievous face.
Shiba Inu Coin developed a sizable community of fans and merchants, which helped it grow significantly in popularity. The “WoofPaper”, a novel feature that defines the project’s goal and roadmap, was also launched to draw even more engagement to this particular crypto meme coin.
It’s critical to remember that investing in Shiba Inu Coin has risks due to its price volatility and speculative nature, just like investing in other cryptocurrencies. Before making any investment decisions with Shiba Inu Coin, as with any investment, careful consideration and extensive research are required.
Pepe Coin
Among the top meme coins 2023, Pepe Coin (PEPE) is another of the highest ranked contenders. Shifting from the dog theme, this one focuses on another creature: a frog!
Pepe Coin draws inspiration from the internet’s beloved “Pepe the Frog” meme. With a whopping circulating supply of over 420,690,000,000,000 (yep, that’s 420 trillion!) tokens, this quirky project has taken quite a few long strides since its inception just a few months ago on April 16, 2023. Its widespread popularity has been catching the attention of meme-loving investors far and wide.
Pepe Coin is based upon the Ethereum blockchain and is an ERC-20 token without any notable intrinsic value. However, the hype sure makes for some good investment opportunities to the wise and experienced investors among you!
Floki Inu
Floki Inu is yet another dog-themed cryptocurrency inspired by Elon Musk’s tweet about adopting a Shiba Inu puppy named Floki. Yep, Musk sure holds a lot of power over the crypto space.
The project runs on the Ethereum blockchain and the Binance Smart Chain network. Currently it is working on three flagship utilities: an NFT gaming metaverse called Valhalla, an NFT and merchandise marketplace called FlokiPlace, and an education platform called Floki University.
A noteworthy feature of the Floki Inu ecosystem is FlokiFi, its native DEX, which makes yield farming, trading, and staking activities possible for all you DeFi enthusiasts out there!
Baby Doge Coin
You guessed it, Baby Doge indeed takes inspiration from Papa Doge or Dogecoin. The ‘puppy’ meme token aims to bring improved transaction speeds along with its cuteness appeal. The meme token- built upon the Binance Smart Chain with an ecosystem that is Ethereum-compatible- is hyper-deflationary, and uses static reflection to reward its loyal holders, automatically adding more Baby Doge coins to their wallets with every transaction.
Baby Doge further stands for spreading awareness about animal adoption, making the world a better place for our furry friends. The Baby Doge ecosystem also brings its own Swap called the BabyDogeSwap, which offers an AMM, farming as a service, free token lockers, a burn portal, and more!
Of course, do remember to complete your due diligence before you invest in any of the meme tokens on our list of top meme coins 2023! And of course, watch your step as you venture into this world of neverending humor and investment potential!
What are the potential risks of investing in Crypto Meme Coins?
Now onto the not so happy bit: the risks you need to remember as you invest in the top meme tokens.
Meme coins are a volatile and unpredictable investment, with potential risks such as high volatility, lack of fundamental value, limited liquidity, lack of regulation, pump and dump schemes, community dependence, and limited adoption and use cases. These coins rely heavily on market sentiment and speculation, making them susceptible to sudden changes in investor sentiment.
Now, none of this is to discourage your investments in the top meme coins 2023! Accounting for and researching the long-term value and sustainability of meme coins can go a long way when it comes to helping you make investment decisions. So do your research and understand the risks associated with meme coins before considering any investments, and consult with financial advisors or experts with cryptocurrency market knowledge and experience before you choose to invest in any of the top meme tokens we have listed above!
Conclusion
We hope this post tells you all you want to know about ‘how to find new meme coins?’, and presents you with a satisfactory list of the meme coins that will explode in 2023! As you invest in the top meme coins 2023, do remember to diversify your portfolio and invest a good portion in traditional crypto coins as well to balance out your potential profits and risks!
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