This comprehensive guide explores the top meme coins to know in 2023, delving into their unique features, community support, and potential for growth in the fast-paced world of cryptocurrency.
Key Takeaways:
Meme coins have gained significant popularity in recent years, with some offering real-world utility and exciting prospects.
Top meme coins to know in 2023 include Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Floki Inu (FLOKI), Baby Doge Coin (BabyDoge), Dogelon Mars (ELON), Bone ShibaSwap (BONE), and Milady Meme Coin (LADYS).
Each coin has its unique features and community support.
Due diligence and research are crucial when considering trading any meme coin.
1. Dogecoin (DOGE)
Dogecoin (DOGE), created in 2013, is one of the most famous meme coins and a pioneer in the meme coin movement. It started as a playful joke based on the popular ‘Doge’ internet meme featuring a Shiba Inu dog, but quickly gained popularity and developed into a legitimate cryptocurrency. Despite its seemingly lighthearted origins, DOGE has become a significant player in the world of cryptocurrencies, garnering attention and support from high-profile individuals like Elon Musk. Currently, it is the largest meme coin and ranks in the top 10 of crypto based on market capitalisation.
Key Features
Wide adoption as a payment method.
Strong community support.
Well-established presence in the crypto market.
2. Shiba Inu (SHIB)
Shiba Inu (SHIB), inspired by the Doge meme, was created in 2020 and is another well-known meme coin. SHIB has gained popularity in the crypto community and has even been adopted by some merchants as a form of payment, as well. The project has built a well-rounded ecosystem, including a decentralised exchange (DEX) called ShibaSwap and a Layer-2 scaling solution called Shibarium.
Key Features
A comprehensive ecosystem with multiple use cases.
Strong community support.
3. Pepe (PEPE)
Pepe (PEPE) is a meme coin launched in April 2023 and based on Pepe the Frog, which is an anthropomorphic frog character from the comic series Boy’s Club by Matt Furie. The popularity of PEPE is driving the current resurgence of meme coins.
Key Features
Strong cultural appeal amongst the community.
Its redistribution system rewards long-term stakers and encourages users to hold the token for extended periods.
4. Floki Inu (FLOKI)
Created in July 2021, Floki Inu (FLOKI) is a popular meme coin named after Elon Musk’s dog. Now the project has expanded to encompass a range of Web3 projects spanning decentralised finance (DeFi), non-fungible tokens (NFTs), and the Metaverse.
Key Features
Extended ecosystem including gaming, DeFi, NFTs, and others.
The team’s long-term vision is to create an autonomous and decentralised ecosystem.
5. Baby Doge Coin (BabyDoge)
Also inspired by Dogecoin, Baby Doge Coin (BabyDoge) was launched in June 2021 and features a deflationary mechanism to increase token scarcity over time. It offers ‘reflections’ for holders to earn passive income.
Key Features
Deflationary mechanism to increase token scarcity.
Passive income opportunities through holding the token in a wallet.
6. Dogelon Mars (ELON)
Dogelon Mars (ELON), created in 2021, is a cryptocurrency inspired by the popularity of Dogecoin and Elon Musk’s interest in space exploration. The name ‘Dogelon Mars’ is a play on the words ‘Doge’, ‘Elon’, and Mars. The project leverages its catchy name and popular topics in the crypto space to attract a considerable community. Dogelon Mars employs a deflationary mechanism, making the token supply scarcer over time.
Key Features
Strong marketing tactics, including sending 50% of the ELON supply to Ethereum co-founder Vitalik Buterin while the rest is locked on Uniswap.
Price often benefits from market hype.
7. Bone ShibaSwap (BONE)
BONE is the Ethereum-based token in the Shiba ecosystem. It’s the governance token of the decentralised exchange ShibaSwap. BONE enables members of the Shiba Inu community to vote on upcoming proposals and submit their own proposals.
Key Features
Ethereum-based token acts as a governance token of ShibaSwap.
Governance activities in the DOGGY DAO, the decentralised organisation controlled by the Shiba Inu community.
8. Milady Meme Coin (LADYS)
LADYS is an ERC-20 token that serves as the meme coin for the Milady NFT collection. Launched in May 2023, it is a self-organised meme coin. LADYS gained popularity because Elon Musk shared a picture of an NFT called ‘Milady’, a digital artwork that portrays a medieval-style portrait of a woman. This quickly drove the surge of the NFT collection together with the associated LADYS meme coin, although they have different teams behind them. The Milady meme coin project airdropped 1% of the total supply to Pepe and Milady NFT owners.
Key Features
NFT-based ERC-20 meme coin.
Airdopped to NFT holders.
Conclusion
The top meme coins of 2023 offer unique features, strong community support, and potential for growth in the exciting world of cryptocurrency. As a trader, it is crucial to conduct thorough research and due diligence before trading any meme coin. Download the Crypto.com App to start trading your favourite meme coins today.
Due Diligence and Do Your Own Research
All examples listed in this article are for informational purposes only. You should not construe any such information or other material as legal, tax, trade, financial, cybersecurity, or other advice. Nothing contained herein shall constitute a solicitation, recommendation, endorsement, or offer by Crypto.com to trade, buy, or sell any coins, tokens, or other crypto assets. Returns on the buying and selling of crypto assets may be subject to tax, including capital gains tax, in your jurisdiction. Any descriptions of Crypto.com products or features are merely for illustrative purposes and do not constitute an endorsement, invitation, or solicitation.
Past performance is not a guarantee or predictor of future performance. The value of crypto assets can increase or decrease, and you could lose all or a substantial amount of your purchase price. When assessing a crypto asset, it’s essential for you to do your research and due diligence to make the best possible judgement, as any purchases shall be your sole responsibility.
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