Meme coins are an important staple of a diverse crypto portfolio because they have a low barrier of entry and the potential to rise dramatically. By investing wisely and carefully, you can get impressive results and join a thriving community focused on innovating and developing blockchain technology and applications.
This article will examine the top 5 meme coins to keep an eye on in the next bull run.
Dogecoin (DOGE)
Dogecoin (DOGE) was originally created in response to Bitcoin as a parody of cryptocurrencies. This open-source, peer-to-peer meme coin launched in 2013 and grew significantly in the 2017 bubble of cryptocurrency activity.
Its core value lies in its loyal community of holders and traders. This community is active on Twitter and uses Dogecoin to tip for content and as a way to transfer funds. One powerful affiliation of Dogecoin is Elon Musk’s backing and participation in the Dogecoin community space. The relationship has definitely extended the lifespan of this meme coin.
Is Dogecoin a good investment for 2023? Most investors and experts suggest that you only invest small amounts in this cryptocurrency as it will likely peak again and remain culturally relevant. Many investors and DOGE loyalists also believe that Musk will soon make it the official crypto for Twitter. Dogecoin is likely to be around for a long time as the meme it represents and the meme coin itself have become a part of the online vernacular.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Floki Inu (FLOKI)
Floki Inu is a meme cryptocurrency named after and featuring the face of Elon Musk’s pet dog, named Floki Inu. This ERC-20 token is based on the Ethereum blockchain. Floki Inu is relatively nascent; however, it has seen some really impressive growth in its first year on the market.
Similar to DOGE, Floki Inu intends its meme coin to lead a movement and have real-world applications. These include features that its community can use and benefit from. For instance, Floki Inu’s platform Floki Inuversity focuses on educating the next generations about blockchain technology and application. It also plans to develop a play-to-earn NFT metaverse game and host an NFT marketplace.
With these features in the pipeline for Floki Inu, it is one of the top meme coins to keep an eye on for the next bull run.
Cryptoasset 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 into 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. Unfortunately, Dogelon Mars is not attached to any known figure, as is the usual trend around meme coins.
Dogelon’s ELON token has largely traded for a fraction of a dollar, but the meme coin has amassed strong followership. The meme crypto comic has over 650K followers on Twitter and 90K+ on Telegram. As a result, it is one of the best memecoins worth keeping an eye on.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Shiba Inu (SHIB)
Shiba Inu is one of the most famous meme coins in crypto today. While the price may have tanked in 2022, the hype is still intense for meme coins. For this reason, investors believe that SHIB is a better investment than many other cryptocurrencies.
As one of the cheapest cryptocurrencies in the market today, Shiba Inu is an attractive investment for newcomers. Furthermore, its tokenomics also contribute to its increasing demand. The crypto had one quadrillion tokens in circulation when it first entered the space. By mid-2021, nearly 50% of this supply had been taken off the market. This followed a decision by Vitalik Buterin to burn the 50% of tokens that had been allocated to him by the team when they launched. Since then, token burning has been a part of this project, implying that SHIB tokens will get scarce over time. Going on the economics of demand and supply, SHIB has the potential to become one of the best-performing meme coins in the future.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Baby Doge (BabyDoge)
Baby Doge is a crypto asset created by the online dogecoin community. According to its website, “Baby Doge seeks to impress his father by showing his new, improved transaction speeds and adorableness.”
As a hyper-deflationary token, Baby Doge has been designed to become more scarce over time. Whereas some crypto teams simply destroy coins to limit the number of coins in circulation, Baby Doge adds coins to holders’ wallets each time they make a transaction, and some coins are added to the decentralized exchange PancakeSwap as part of a liquidity pair.
This crypto’s developers created the token to be a “fun meme with a serious mission to rescue dogs in need, bring crypto adoption to the mainstream with new concepts such as rewards, NFTs, decentralized exchanges, and credit cards for crypto payment on our website.” Babydoge is innovative, and unique and is one of the best meme coins to keep an eye on in the next bull run, according to crypto enthusiasts.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.