8 Best Meme Coins That Could Explode in 2023
The meme coin mania of 2023 saw some explosive price action for the best meme coins on the market. New meme coins such as Pepe (PEPE) and Wojak (WOJAK) managed to skyrocket, while old-school meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB) were left eating the dirt.
However, the best meme coins for 2023 each provide unique characteristics, and its worth considering all of them ahead of the next crypto bull market. Investors often allocate a small percentage of their total portfolio to meme coins, and this list should help any crypto users to learn how to find new meme coins to invest in. Serious profits await those that manage to pull it off successfully.
List of the Best Cryptos to Buy Now
Shiba Memu (SHMU)
Shiba Inu (SHIB)
Dogelon Mars (ELON)
Floki Inu (FLOKI)
Best meme coins in 2023 Analysed & Reviewed
Experts have been analyzing many meme coins in Web3, seeking to uncover the best investment opportunities of the year. Some tokens in this list are mainstays, while others are brand-new to the meme coin market.
The methodology used takes into consideration critical components of meme coin demand. Namely, the popularity of the underlying meme, the utility (if any) offered by the cryptocurrency, and the current price action of the token itself.
Tokens closer to their market lows are likely to produce a higher rate of return if they can recover. Similarly, brand-new tokens still have the potential to produce gains over 100x a standard benchmark for successful meme coins in Web3.
Each of these characteristics has been considered when compiling the list of the best meme coins in 2023.
1. Shiba Memu (SHMU) A Cutting-edge AI Marketing Protocol
Shiba Memu is a next-generation meme coin that uses AI technology to learn from successful marketing strategies and promote itself online. Since its an automated protocol that can continually optimize itself, its expected to gain a significant online presence rapidly.
The artificial intelligence protocol that underpins SHMU can be used to promote the project across leading social media platforms and even interact with blockchain users. This self-sufficiency is a valuable component, as it means Shiba Memu doesnt need to rely on a dedicated marketing team to promote it across social media like other meme coins in the crypto market. Instead, it can actively seek out, assemble and maintain communities on its own.
Over time, SHMU is expected to attract a significant level of attention. While it lacks any other particular utility, since the project is built using a cutting-edge artificial intelligence protocol, its likely to capitalize on trends that could drive huge value increases for Shiba Memu in time.
Users can engage directly with Shiba Memu via its novel artificial intelligence dashboard. This dashboard will provide a transparent record of all Shiba Memus marketing efforts and a chatbot that enables investors to ask questions, provide feedback, and receive intelligent responses from Shiba Memus natural language processing (NLP) algorithm.
The SHMU token is launching during the opening stage of its presale at $0.011125 and the price will increase by $0.000225 daily, ending at $0.0244 at the end of its eight-week presale. This represents a monumental 119.33% increase in just a few short weeks for early investors. Its expected to become an exceptional meme coin over time, as it combines several disruptive technologies to deliver a groundbreaking, automated digital marketing solution.
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2. Dogecoin The Original Meme Coin
Dogecoin, also known by its ticker symbol DOGE, was the first crypto meme coin in history. The token was introduced in 2013 as a fork of Luckycoin, which was forked from the Bitcoin blockchain. This means that the Dogecoin blockchain uses the same proof-of-work consensus protocol as the most valuable digital asset in the world.
Dogecoin was inspired by a popular internet meme featuring a Shiba Inu dog, Doge. Initially created as a joke, this meme coin gained an unexpected following among the cryptocurrency community, attracting users with its unique approach and friendly, light-hearted branding.
Over the years, Dogecoin has become a leading cryptocurrency in its own right. It has been used for various online transactions, including tips for content creators and donations to charities worldwide. Despite starting as a meme, DOGE has established its place in the cryptocurrency world and continues to be one of the most popular altcoins on the market.
3. Pepe (PEPE) The Fastest-growing Meme of 2023
Pepe (PEPE) is a cryptocurrency that has been making waves in digital assets. Just weeks after it was first created, PEPE skyrocketed to almost a $1 billion market cap. Its been one of the standout success stories of 2023 so far, and it looks set to continue its rise over the coming years.
Inspired by the infamous Pepe the Frog meme, Pepe has taken a community-driven approach to development and governance. The native token, PEPE, has already been listed on some of the biggest crypto asset exchanges in the world, including Binance and Huobi.
The project was founded on giving users more control over their investments, with no tokens provided to venture capitalists before PEPE was launched. Despite its origins as a meme, Pepe (PEPE) is a serious project with a dedicated team of developers and a vibrant community of supporters.
As the world of crypto continues to evolve and expand, it will be interesting to see what the future holds for Pepe and its growing legion of fans. Its already been a hotbed of speculation from traders, who can collectively drive price action in both directions according to market sentiment.
4. Shiba Inu (SHIB) The Second-largest Meme Coin in Web3
Shiba Inu, commonly abbreviated as SHIB, is a cryptocurrency that surged in popularity after its launch in 2020. As a meme coin, it has gained attention for its playful branding and social media presence, but it goes one step further than most meme coins on the market.
Shiba Inu is developing a range of blockchain services to help boost token utility. Among the services the Shiba Inu team provides is a virtual reality metaverse called Shibaverse. Shibaverse will allow SHIB token holders to purchase digital land and build custom projects within the immersive virtual world.
SHIB is a fork of the Ethereum blockchain, meaning it is fully Turing complete. This sets Shiba Inu apart from Dogecoin the meme coin forked from the Bitcoin blockchain.
Shiba Inus Turing completeness allows developers to build an ever-increasing number of use cases for SHIB token holders, including DeFi protocols, blockchain games, and community artwork in the form of NFTs.
The unique fundamental elements of the Shiba Inu blockchain have produced a vibrant online community around the project. Its a highly liquid meme coin that can be freely traded on all leading exchanges, and its dynamic development team continues to bring more utility to the ecosystem.
5. Wojak (WOJAK) Inspired by a Popular Internet Character
WOJAK is a popular meme coin that has captured the attention of the internet in recent months. Launched at approximately the same time as Pepe, Wojack also reinvents one of the highest-trending internet memes from the past 3 years to generate engagement online.
WOJAK, as some readers may have guessed, is based on "Wojak" the harmless internet character, a bald man with a sad expression. The Wojak meme is common in online communities and has appeared in many, if not millions, of social media posts over recent years.
As a result, memes like Wojak have become a staple of online culture. The WOJAK meme coin rapidly gained popularity, allowing traders to speculate based on the cultural value and recognition of the meme.
While it may seem like a novelty, Wojak has gained a substantial following and has been listed on various cryptocurrency exchanges. For those familiar with the world of internet memes, it comes as little surprise that Wojak was able to 10x in value in such a short time.
6. AiDOGE (AI) AI-generated Memes
AiDOGE is a groundbreaking digital currency launched during an exciting presale event. As its name suggests, this innovative coin uses artificial intelligence technology. What sets AiDOGE apart, however, is that it allows all token holders to create custom memes using artificial intelligence.
This unique approach has generated a great deal of interest during the presales early stages. AiDOGE gives power back to token holders and provides in-built utility, which could drive demand, as the AI token enables internet users to quickly and easily create their own memes.
AiDOGE may be a force to be reckoned with in the world of digital currencies. It sits at the crossroads of several growing technologies, and memes have underpinned all human culture since the dawn of civilization itself. While they may have changed form from the earliest days of symbolic communication, memes will likely remain popular for long into the future.
For AiDoge, this is good news. Not only does it allow people to create their own memes, but it does so in a completely transparent way using blockchain technology and open-source code. Artificial intelligence also allows people to make these memes rapidly so that it could grow in value from the early stages of its presale.
7. Dogelon Mars (ELON) A Celebrity Meme Coin
Dogelon Mars (ELON) is a cryptocurrency that has recently gained a lot of attention as a meme coin. It is named after the founder of Tesla, Elon Musk, who became a popular symbol of meme coin mania after tweeting about the phenomenon on multiple occasions.
ELON is a decentralized digital asset that operates on several leading blockchain networks, including Ethereum and Binance Smart Chain. Dogelon Mars has a limited supply of tokens, so any increase in demand will inevitably lead to price increases.
Like other leading cryptocurrencies, Dogelon Mars can be used to vote in governance proposals from the projects DAO. As a decentralized autonomous organization, token holders can contribute towards introducing utilities such as DeFi services and other protocol changes that could impact investors.
The success of Dogelon Mars has been driven by the community that has formed around it. Its unique name, along with its strong community, has been instrumental in the rise of ELON as one of the most talked-about meme coins in the crypto space.
8. Floki Inu (FLOKI) A Decentralized Meme Coin Ecosystem
Floki Inu (FLOKI) is a meme coin that has made waves in the cryptocurrency world. Like Shiba Inu, FLOKI can bring an increasing number of use cases to its token holders. Unlike other meme coins, however, FLOKI has taken its marketing efforts offline and has become a sponsor for a range of high-profile brands, including Napoli S.C. and former Heavyweight World Champion Tyson Fury.
Floki Inu takes inspiration from Dogecoin, the original meme coin that has achieved astronomical growth since it first launched. The creators of FLOKI hope to ride the same wave by positioning their coin as a fun and unique investment opportunity that can also deliver a range of benefits to token holders.
Among the blockchain-based services that FLOKI has introduced for its community are Inuversity, a decentralized Web3 education platform that teaches people the ins and outs of the crypto sphere. As blockchain continues to grow in stature, Inuversity could help people better understand why the technology has become so influential.
Although meme coins often project a lighthearted approach to investing, they have shown a loyal following and the potential for rapid growth. FLOKI is one of the few meme coin projects to deliver an appealing use case that provides utility for token holders, so it will be interesting to see how price action evolves in the future.
What are Other Aspects to Consider when Investing in Cryptocurrency?Budget
A typical investment strategy for experienced crypto users is to take the barbell approach. This strategy allocates a higher percentage of net worth to more established digital assets, such as Bitcoin and Ethereum than to high-risk moonshot attempts, such as meme coins.
While Bitcoin and Ethereum may produce 20% gains, meme coins can explode and produce 100x gains in the same timeframe. They can also fall by 90% in weeks, so budgeting for any meme coin investment is essential. Buyers should never invest more than they are willing to lose.
Token Use Case
While most meme coins lack utility, many projects on this list deliver a degree of functionality to investors. Whether the utility relates to DeFi services, NFT collections, or other custom applications within the world of Web3, meme coins have become increasingly usable.
This is good news for long-term investors, but its also a worthy consideration for new investors. Anyone seeking to buy meme coins for the first time should think deeply about whether the project roadmap can genuinely attract organic demand over time or whether its merely a word salad designed to entice the inexperienced investor.
Conclusion What is the Best Meme Coin to Buy Now in 2023?
A project that meets all the essential criteria when determining meme coin potential is Shiba Memu. The project is brand-new, which means that it has unlimited upside in terms of price action, and it delivers a highly attractive use case in the form of an advanced AI-based marketing protocol. Its unique approach and clever distillation of AI into a meme coin project position it exceptionally well over the next year.
Shiba Memu investors can back the project early doors during the native token presale. SHMU is being released for just $0.011125 , which will increase by a small percent each day of the eight-week event until it hits $0.0244, giving the earliest backers of the initiative a real chance to make significant long-term returns on an up-and-coming project. Analysts suggest that it could become an industry-leading meme coin over time as excitement around the coin continues to build.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Research Raptor journalist was involved in the writing and production of this article.