Meme coins are trending in the crypto market currently. These cryptocurrencies have taken the world by storm, with public figures backing them for long-term viability.
Some of these coins have become popular investment opportunities, with their success largely driven by online communities. While there are thousands of options, getting the best meme coins to buy can be a tad difficult. To help, this article features the top 5 meme coins that are set to explode in 2023 and beyond.
Dogecoin (DOGE)
Dogecoin is our number one of the best meme coins that are set to explode. It is also considered one of the best joke coins and the most undervalued cryptos in 2022. Created in 2013, Dogecoin was meant as a humorous commentary about the sudden growth of alternative currencies (altcoins) following Bitcoin’s popularity.
Now, Dogecoin is considered the king of the meme crypto ecosystem, one of the most, and has been popularized by eccentric entrepreneur and billionaire Elon Musk. The Tesla and SpaceX CEO played a principal role in the boom of the meme coin niche and Dogecoin’s rise to nearly $1 in value as DOGE tapped out at 73 cents.
Dogecoin is far from its 2021 high, but the digital token is still part of the top most popular meme coins. Keeping up with its popularity, Dogecoin has continued to see massive adoption.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Shiba Inu (SHIB)
The meme coin race has been more interesting with Shiba Inu’s launch in late 2020. According to its anonymous creator Ryoshi, Shiba Inu is a spontaneous experiment on the community-driven initiative. This is a part-piece attempt to topple Dogecoin on the meme crypto crown and install Shiba Inu as the top meme coins for investors.
This has seen Shiba Inu nicknamed the ‘Dogecoin killer.’ Despite playing second fiddle to Dogecoin, this meme coin had surged over 21,000% in the climax of the 2021 price rally. Experts predict a similar SHIB rally soon, making it one of the top 5 meme coins that are set to explode in 2023 and beyond.
However, Shiba Inu does not aim to take over the top spot with just social media hype and fanfare. The Shiba team has been churning several use cases to keep the project relevant and top-of-mind for investors. One of the most recent is a foray into the Metaverse. According to a blog post on its website, it is looking to introduce virtual real estate called Shiba Lands.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Dogelon Mars (ELON)
Dogelon Mars is a spin-off from the most popular meme crypto figure, Dogecoin. Seeking to boost its appeal, the founders have also tapped on Dogecoin’s principal supporter Elon Musk and have combined both figures to form the project.
As with most meme cryptos, Dogelon Mars is community-driven and decentralized. The major narrative of the project is around the planet of Mars and shows how the dog-themed in-game meme travels through the galaxy and meets new friends.
The native ELON token has largely traded for a fraction of a dollar, but the meme coin has amassed strong followership. ELON first came to investors’ attention in the spring of 2021, but its rapid gains seemed one-and-done at the time. The token settled right back down as quickly as it had taken off. But the end of 2021 was kind, showing ELON's steady success carried over into the new year.
Dogelon Mars differs from its peers as it is driven almost entirely by hype. The ELON website does not detail a road map but rather a series of comic strips dedicated to the fictional half-Elon Musk, half-Shiba Inu mascot. The project’s Twitter presence is quite strong, with over half a million ELON devotees pumping the token each day. This makes ELON one of the top 5 meme coins that are set to explode in 2023 and beyond.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Floki Inu (FLOKI)
Floki Inu is one of the few cryptos to pop up after Dogecoin’s run to nearly $1. Floki was created in response to an Elon Musk tweet saying he was planning to name his Shiba Inu puppy Floki.
It was a simple tweet showing his love for Shiba Inu dogs and the History Channel series Vikings, but it was enough to spark the creation and ongoing success of one of the biggest meme cryptos. Then, in October, that success exploded. Following SHIB’s massive gains, FLOKI itself grew nearly 500% in value.
Notably, the Floki Inu developers are implementing several new products into the ecosystem, including a non-fungible token (NFT) market, a metaverse space, and educational space to learn about crypto. The network is undergoing a transition currently to empower investors with a Floki DAO (decentralized autonomous organization) to dictate future changes to the network. These factors make FLOKI one of the top 5 meme coins that are set to explode in 2023 and beyond.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Safemoon (SAFEMOON)
The name SafeMoon expands to “Safely to the Moon” and sells itself as a DeFi token. This getting to the moon phrase was introduced with Dogecoin, and now SafeMoon also follows it.
The platform was launched in March 2021 and, unlike other currencies, intends to mend the price volatility issues. SafeMoon exists on the blockchain and does not leverage financial institutions or exchanges as intermediaries. Instead, it promotes peer-to-peer exchange and has a total supply of 1 quadrillion tokens, per the whitepaper released.
Despite its volatility, the SAFEMOON coin has garnered considerable community support from investors and traders who acknowledge it as one of the top 5 meme coins that are set to explode in 2023 and beyond.
The Safemoon team has covered future plans on their website and through regular video livestreams. These plans include releasing a Safemoon app, wallet, and video game and creating a Safemoon exchange.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Read More:
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How To Buy Meme Coins: 6 Steps For Beginners
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