This year has been a crazy one for the financial markets. It’s the year that fundamentally weak stocks like GameStop (GME) pumped, driven by rebel Reddit pages like r/WallStreetBets.
Things have been crazier in the crypto market where meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) pumped to unprecedented levels.
Shiba Inu, for instance, has gained by over 50,000,000% year-to-date. That’s an unprecedented rate of return, especially for a dog-themed coin riding on the fame of another dog-themed coin.
Now that the year is coming to an end, what can investors look forward to in 2023? If recent history is anything to go by, there seems to be a trend where cryptocurrencies themed on internet memes are going parabolic. For instance, ElonFlokiInu (EFLOKI), a meme coin built around Elon Musk’s dog, and backed by Italian meme lovers, is pumping at the moment.
While these meme coins may seem weird compared to traditional investments, their rate of return is attractive to any investor. Meme coins could get even more significant in 2023 now that investors have seen how profitable these weird cryptocurrencies can be when timed well.
There are hundreds of weird cryptocurrencies coming to the market daily. But those that have already built a name are likely to stand out in 2023. Below are seven weird cryptocurrencies to watch in 2023 (the names may be crazy, but the potential returns could be life-changing).
- Euro Shiba Inu (ESHIB)
- Floki Inu (FLOKI)
- Rainbow Token (RAINBOW)
- TrumpCoin (TRUMP)
- PutinCoin (PUT)
- Tiger King (TKING)
- TurtleCoin (TRTL)
Weird Cryptos To Watch: Euro Shiba Inu (ESHIB)
Of the many weird variations of Shiba Inu that have come up recently, Euro Shiba Inu (ESHIB) is quite striking. For starters, it just got listed on CoinMarketCap, and it doesn’t even have a website. Interestingly, it is drawing a lot of investor interest, and in the last 24-hours, is up 2200%.
You are probably wondering, how does a cryptocurrency that does not even have a website rally so hard? This has a lot to do with the hype around meme coins and the urge to jump on to the next wealth-creating Shiba Inu.
That aside, Euro Shiba Inu has some interesting tokenomics. From a dive into its Twitter account, Euro Shiba Inu is hyper-deflationary and intends to burn 10 quadrillion tokens weekly. The next coin burn is scheduled for 5th December, and the goal is to burn 50% of the total supply ultimately.
While it may not have a website, and there is no clear goal of what it expects to achieve, the coin burn feature makes Euro Shiba Inu an interesting, weird cryptocurrency to watch. By aiming to burn 50% of the total supply, Euro Shiba Inu is trying to mimic Shiba Inu, and that’s a good thing.
Shiba Inu may never have intended to burn 50% of the total supply, but it happened thanks to Vitalik Buterin. SHIB had allocated 50% of the total supply to Buterin, and for some reason, he decided that he didn’t want them. For this reason, he donated 10% of them and burned the rest to a dead wallet.
While there was a slight dip at the time due to the 10% donation he made in lump sum, the burn ultimately played well out well for the price. Recently, Shiba Inu made new all-time highs, with percentage gains to 60,000,000%.
By deliberately burning 50% of the total supply, Euro Shiba Inu could easily follow in Shiba Inu's gains over the past year. Considering that it is still in its early days, the opportunity for explosive value growth is there. It is up by over 2000% in less than 24-hours is a good sign of things to come.
Besides, Euro Shiba Inu seems to have a strong community on social media. Euro Shiba Inu does not have a website yet; it has more than 17k followers on Twitter, and the numbers are growing. In the weird world of meme coins, this stands out.
If Euro Shiba Inu keeps burning tokens at a rate of 10 quadrillions per week, it is worth keeping an eye on in the short term.
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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Floki Inu (FLOKI)
The meme coin culture that started in 2020 seems to be getting crazier by the day. A while back, Elon Musk announced via Twitter that he had named his Shiba Inu dog, Floki. Since then, all kinds of meme coins have come up around Floki.
One of the more interesting ones is Floki Inu (FLOKI). Floki Inu was created to ride the wave that Elon Musk’s dog triggered. While this may seem like flimsy grounds to launch a meme coin, Floki Inu has turned out to be a huge success with gains of 837% since July.
Even weirder is that this dog-inspired meme coin is gaining faster than more fundamentally strong cryptos. In the last 24-hours, Floki has gained by over 12%, and upside momentum has been accelerating.
That said, there are other aspects to Floki Inu that make it a weird cryptocurrency worth watching going into 2023. For starters, it has developments going on that could positively impact its value growth long term.
One of them is its forays into NFTs. Floki Inu’s NFT platform called Valhalla is currently in progress. Through Valhalla, Floki Inu will also enter the fast-growing play-to-earn Metaverse gaming space.
This is a big deal because the Play-to-Earn space is the next big thing in the gaming industry.
With companies like Facebook and Microsoft expressing an interest in the Metaverse, this could be huge. As such, cryptocurrencies that make a presence in this space could turn out to be huge in the coming years.
While there are many other crypto players that are getting into the Metaverse space, Floki Inu has the advantage of the hype. Being a meme coin, Floki has a huge community pushing it. This community will play a pivotal role in pushing Valhalla mainstream once it is complete.
Meme coins may sound like a joke when it comes to fundamentals, but they are definitely A-grade in terms of marketing hype. This makes Floki Inu a worthwhile weird meme coin worth keeping an eye on in 2023 and for the next several years.
Besides, Elon Musk is still a very influential figure in crypto, and Floki Inu is quite literally named after Musk’s dog. As such, a tweet from Musk about his dog could send this crypto rocketing in a very short time.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Check Out: How To Buy Meme Coins: 6 Steps For Beginners
Weird Cryptos To Watch: Rainbow Token (RAINBOW)
If you are getting a little too tired of dog-themed coins, then check out Rainbow Token (RAINBOW).
This token is quite literally themed around the seven colours of the rainbow. If you think this is weird, consider the fact that investors are flocking to Rainbow token in large numbers.
At the time of writing, Rainbow token had been one of the top trending tokens for more than a week. Its price is on a parabolic run, and in just 24-hours, was up by over 150% in a week.
That said, there are several factors that make this weird token worth keeping an eye on going into 2023.
One of the aspects of this token that makes it interesting is its hyper-deflationary feature. RAINBOW has a three-way system for burning tokens and based on simple demand and supply dynamics, this could see the price pump over time.
On top of that, the RAINBOW token is pretty much guaranteed perpetual liquidity. That’s because, by design, liquidity grows as more transactions take place. This, when coupled with the Rainbow token’s hyper-deflationary system, makes it worth keeping an eye on in 2023 and possibly for the next couple of years.
Rainbow token’s autonomous yield system is also a factor that could help draw in investors that want to grow their crypto portfolios over time. Of course, there is the community aspect to it. Whether dog or unicorn-themed, all meme coins all thrive because of their communities. If the community is strong, then there is a good chance that a meme token will grow in value over time.
Going by this metric, Rainbow token is standing on pretty solid ground. Social media engagement is high, and more than 31k people are already following Rainbow on Twitter. As long as the community hype remains strong, the potential for Rainbow token to go parabolic is quite high.
While this is crypto, and things can go in any direction in a very short time, this is definitely weird crypto worth watching in the short term. The results could be impressive if the broader market pumps and meme coin fever grips the market.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
TrumpCoin (TRUMP)
If you think multiple dog-themed coins are a little too much, then you haven’t come across those themed on political personalities.
TrumpCoin (TRUMP) is named after the former US president despite him being strongly anti-crypto.
The fascinating aspect of this coin is that despite it riding on Trump’s fame, for the most part, it still has a strong and growing community around it.
It has also performed much better than most established and arguably, more serious cryptocurrencies over the last couple of months.
Outside of its name, several factors make this weird cryptocurrency worthy of keeping an eye on in 2023.
One of them is that the community behind it believes in a course, and that’s a strong positive indicator. For context, consider the fact that Bitcoin (BTC) started and succeeded because a course drove the people behind it. They believed that the financial system was broken, and came up with a decentralized currency to fix this problem.
Similarly, the TrumpCoin is driven by people who believe in President Trump's course. Some of the issues that TrumpCoin seeks to raise money for include: better border security, infrastructure development, and better living standards for veterans.
Considering that these are issues that resonate with many people globally, there is a good chance that the TrumpCoin could be around for many years to come. Besides, if by any chance Trump decides to run again in 2024, it could give renewed energy to this coin and could easily send it rocketing.
Aside from being driven by a dedicated community with a strong course, TrumpCoin has several core metrics that make it a viable investment, just like the more established cryptocurrencies.
For instance, unlike meme coins that tend to have been supplied in the quadrillions, the TrumpCoin has a capped total supply of 18 million tokens. That’s pretty low, and as demand grows, this aspect of scarcity could see it gain value by a huge margin.
TrumpCoin also has a pretty low block time of just 60 seconds and transaction fees of under 0.001 coin/kb. Essentially this means the TrumpCoin is usable as an everyday currency. This practicality as a currency coupled with the Trump name makes TrumpCoin a cryptocurrency worthy of adding to a 2023 watch list.
The fact that it has a staking feature also means that its price is likely to stabilize over time compared to most meme coins. While it is highly speculative and has a weird name, if the broader market turns bullish in 2023, this is a crypto that could give an above-average ROI. However, its biggest run could come in 2024 if Trump decides to run again.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Weird Cryptos To Watch: PutinCoin (PUT)
TrumpCoin is not the only cryptocurrency named after a powerful yet controversial figure. Russia’s President Vladimir Putin has a coin named after him as well.
PutinCoin (PUT) is a cryptocurrency that pays tributes to Putin, and as per the website, considers him a huge success story.
Aside from riding on the name of a world-famous leader, PutinCoin also uses its easy mining feature as a selling point. Mining cryptocurrencies is a profitable yet highly complicated venture for most people to partake. PutinCoin makes the process of mining cryptocurrency so easy that pretty much anyone with a PC can do it.
One has to buy PUT on exchanges and then download PutinCoin’s staking wallet. That’s pretty much it, and you start enjoying 25% staking rewards. 25% is an above-average return, and since the mining process is easy to implement, PutinCoin can attract investors’ long term.
Aside from its easy-staking feature, PutinCoin is also pretty decentralized for such a small cryptocurrency. To a large extent, this guarantees that no single player can successfully act in a way that could hurt investors.
The only issue with PutinCoin is that its price has been dormant since 2018. It pumped hard in 2017 following the ICO bubble but hasn’t made much of a move since. Even in the 2020/21 rally, it didn’t make much gains. That said, it is not a dead coin because its daily trading volumes are high.
If PutinCoin’s roadmap is anything to go by, then it is a weird token that makes sense to keep an eye on next year. Part of its roadmap is to launch an NFTs platform with a focus on the Russian market. If this is actualized, it could reinvigorate growth considering how much the NFT space has grown over the past year.
While PutinCoin is not the kind of cryptocurrency you can go all in, it is definitely a good bet that could blow up at any moment. All it takes is for more exchanges to list it, and investor interest could shoot up.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Tiger King (TKING)
In the world of cryptocurrencies, pretty much anything goes. Nothing makes this truer than the launch of Tiger King Coin (TKING) earlier this year.
Tiger King Coin is themed around the Netflix documentary Tiger King. The launch of Tiger King Coin was a big deal and led to an increase in the number of people that watched the Tiger King Documentary.
The hype around Tiger King Coin has been quite strong and even saw TKing get mentioned in Forbes Magazine.
Interestingly, Tiger King Coin is also endorsed by Joe Exotic, and he even promotes it on his website.
While there is nothing particularly unique about a documentary-themed meme coin, Tiger King Coin seems to be making deliberate steps towards moving away from its origins as a meme coin.
From its website, Tiger King Coin is moving into becoming a platform for developing Dapps that have real-world use-cases.
So far, Tiger King has made tremendous progress on the Dapps front. Per its website, Tiger King Coin recently partnered with EtherLIFT, a cryptocurrency that better connects advertisers to cryptocurrencies. The partnership's goal is to help EtherLIFT reach as many people as possible.
Another Dapp affiliated to Tiger King is ChainChat. While this cryptocurrency is still in the testing phase, it aims to become an encrypted messaging platform for Web 3.0 applications. Considering that Web 3.0 is set to be the next big evolution of the web, this Dapp will be a major boost for Tiger King in the long haul.
That aside, Tiger King has achieved most of the milestones on its roadmap so far. From a look at its roadmap for 2023, there are many interesting things coming up that could boost the price of TKing next year.
For instance, as part of its roadmap for Q4 2021 to Q1 of 2023, one of the milestones that Tiger King intends to hit is getting listed on centralized exchanges. If things go right and get listed on crypto exchanges like Binance and Coinbase, TKING could rally by a huge margin. This is evident in the prices of cryptocurrencies that have been listed on these major exchanges in the past.
As part of its roadmap for Q1 2023, Tiger King also intends to introduce staking. With investors ever on the lookout for passive income opportunities, staking could drive the demand for TKING going into 2023.
There is so much that could go right for TKING in 2023. This makes it a weird cryptocurrency worth keeping an eye on in 2023. Besides, with Tiger King Documentary still running on Netflix, the hype factor is likely to remain strong.
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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Weird Cryptos To Watch: TurtleCoin (TRTL)
TurtleCoin (TRTL) may be themed around a turtle but it is a pretty serious cryptocurrency.
While the name is as weird as Dogecoin, Shiba Inu, or any others, TurtleCoin has real utility. Just from a look at its website, you can tell that it is a pretty serious crypto.
Besides the professional look of its website, TurtleCoin serves as a completely private peer-2-peer payment system.
Aside from its fast and private transactions, TurtleCoin also has a platform that developers can use to develop all kinds of decentralized applications. TurtleCoin also gives developers the tools necessary for easy Dapps development.
TurtleCoin is also perfect for long-term investors because it has a wallet. TurtleCoin has multiple wallets, including a paper wallet, where investors can store their TRTL offline.
That aside, TurtleCoin has a vibrant community backing it up. On social media sites like Twitter, community engagement is high, an indicator people actually believe in the project. This is a confidence booster for investors, who may be wary of small-cap cryptocurrencies due to the multiple pump-and-dump schemes that characterize the crypto market.
Going into 2023, this weirdly named coin has a lot that makes it worth keeping an eye on. Aside from all the developments, there was talk of a coin burn as far back as May. If this is achieved in 2023, TRTL could pump out of the supply shock and FOMO as investors seek to capitalize on the burn.
Essentially, TRTL is serious crypto, but with a name that easily gets it confused with the many animal-themed meme coins that have now flooded the market.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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