Meme coins such as DOGE are known for not delivering any value and not solving any real-world problems. They are featuring some characteristics of popular memes and thus, are attractive to the public.
Meme coins are known for very high volatility because normally, they are very abundant, and their prices are impacted heavily by social media and influencers. One can buy millions of meme coins because their prices are very low. It allows traders to benefit from short-time price fluctuations. But still, not all of them are worth investing in even to get a quick profit, some of them will never go up, and whatever you invest in them, will be lost. That’s why here is a list of the top 10 meme coins that are worth your attention in 2023.
DOGE
Dogecoin is the first meme coin, and for years, it has been among the top meme coins. DOGE was forked from Litecoin in 2013. It features a popular Shiba Inu species on its logo.
DOGE is known for being a favorite cryptocurrency of Elon Musk. After the famous entrepreneur had tweeted about it, the DOGE price surged.
Even though DOGE was created as a joke, a pure meme coin, now, it turned into a full-fledged project with its own wallet. It is expected that in the future, the coin continues delivering profits to its holders.
Shiba Inu
Unlike other DOGE-inspired tokens, Shiba Inu announced itself as a DOGE killer. And unlike the majority of other meme coins, Shiba Inu develops actively. At the time, they have their own DEX, a platform for community video submissions, the team is working on a metaverse, and a Shibarium - a layer-2 blockchain and decentralized platform for businesses, projects, and people. All in all, the project is very active, and it does deliver value.
These facts alone make us believe that the SHIB value is going to increase over time.
Floki
Floki refers to itself as the people’s cryptocurrency. It is supported by the Shiba Inu community and is inspired by Shiba Inu of Elon Musk. Unlike the majority of meme coins, Floki is working on a range of projects to make investing in FLOKI, a utility token of the ecosystem, even more attractive:
- an NFT gaming metaverse
- a suite of decentralized finance products
- an NFT merchandise marketplace
- a content and education platform
It is a 100% community-supported and developed project, and it is for sure worth investing in.
Bone ShibaSwap (BONE)
Bone ShibaSwap (BONE) is a token behind Shiba Swap, a token behind the ShibaSwap platform launched by Shiba Inu. Shiba Inu is growing, and many more things are to come! So, Bone not only allows you to earn by providing liquidity for the Shiba Inu DEX or staking the coins but also getting profit on the token growth.
Dogelon Mars (Elon)
Dogelon Mars (Elon) is another tribute to Doge and Elon Musk. The cute dog explores the mysteries of the galaxy and rediscovers his native planet - with its community, of course. The founders of the project are unknown, so we can say that it is community managed and supported. In the long run, this may not be the most reliable investment option. But if you are aiming at getting short-time benefits, this coin may be the right choice.
Baby Doge
While DOGE was growing in popularity, many similar projects appeared. Baby Doge is one of such doge-themed meme coins that is trying to thrive on the DOGE popularity. BabyDoge was launched in 2021 as a community-based project. It is unclear who the team behind the project are, who are its creators, or whatever. But during its short existence, BabyDoge has almost one million supporters. Moreover, it rewards its holders for each transaction. Its drastic price fluctuations allow traders to earn, and this is what makes us believe that this project is a valid investment option in 2023.
Dejitaru Tsuka
Dejitaru Tsuka is a Japanese lore-based meme coin inspired by the Tsuka dragon, the one that breathes wisdom and prosperity and rewards its supporters. And that’s it. It may be a perfect investment for those who love Japanese culture or those who want to benefit from short-time price fluctuations.
Mona Coin
Mona Coin refers to itself as the first Japanese cryptocurrency. It is another hard fork of Litecoin, a decentralized cryptocurrency, and an independent peer-to-peer payment platform. Mona is a popular ASCII art character known among the Japanese. This is the main reason why the coin has found significant support among the Japanese population.
The abrupt price changes of the meme coin make it a perfect tool to earn on short-price fluctuations, and this is why this coin shall be better on your list in 2023.
Tamadoge
Tamadoge, previously just a meme coin, and now, a project that develops very rapidly, is another doge-themed cryptocurrency. It even has a metaverse called Tamaverse. There, you can mint, breed, and battle your own pet. If you are interested in playing games, explore the games right there, on the platform. And if you want to get some NFTs or purchase Tama, you can do it directly there, too.
Tamadoge is developing rapidly, and thus, it is a good both short- and long-term investment.
Woofy
Woofy is not as popular as its predecessors Doge or SHIB, but it is worth attention because it tries to combine a fun meme with DeFi. It utilizes a special bonding curve that enables the two-way conversion of tokens.
The main advantage of Woofy compared to other doge-themed meme coins is Yearn.finance, the company behind the project. So, we can expect (and it is the case!) with Woofy, users will be able to earn on token farming and if the project develops, there may be other benefits available. So, in 2023, the coin shall definitely be on your follow list.
Conclusion
There are plenty of meme coins out there. Creating one is easy, the possibility to get high profits is there, and thus, users can be easily tricked into a project that will collapse asap without delivering any benefits to its supporters. That’s why always do your own research before investing in any meme coin. The mentioned ones are good for short-time trading but may be not as lucrative for long-term investment except for a couple of projects that add new features and deliver some value.