Top 5 Meme Coins to Look Out For in 2023 - Our Picks
Let’s have a rundown of the top 5 meme coins to look out for in 2023. Find a detailed analysis of each coin in the next section.
Toon Finance - The crypto with a rapidly growing ecosystem
Dogecoin - The first-mover in the meme coin sector
Monacoin - The best meme coin in Japan
Shiba Inu - Making moves in the metaverse
Tamadoge - Best meme coin for a P2E platform
A Closer Look At The Top 5 Meme Coins to Look Out For in 2023
Digital assets created based on popular online jokes are called meme coins. They often gain popularity as a result of increasing hype or support from online communities. As we are heading to a new year in 2023, crypto-optimists are already looking at meme coins that have the potential to explode in price. Celebrity endorsements and their built-in community are some of the key reasons for their success. Let’s have a clear analysis of the top 5 meme coins to look out for in 2023.
Toon Finance (TFT)
You should definitely look out for Toon Finance. The project is working on building a decentralized lending platform on the Ethereum blockchain to allow users to borrow and lend Ether using smart contracts. One of Toon Finance's main initiatives was releasing a set of 10,000 NFT characters. The main catalyst behind its success is its strong team and innovative presales, which garnered the attention of several investors worldwide.
TFT, the native utility token of Toon Finance, is used for gaming on space grounds to make money and even buy NFTs that work as gameplay add-ons. The meme coin has successfully created a distinctive, reliable, decentralized exchange, allowing users to trade coins seamlessly in a secure and trusted environment. Toon Finance is slowly emerging in the Web3 sphere aiming to simplify decentralized finance by hosting a one-stop solution for trading, exchanging, and bridging cryptocurrencies.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Dogecoin (DOGE)
Dogecoin, the first of its kind, initiated the meme coin rally. It is still the best meme coin to look out for in 2023 due to its strong foundation, community, and increasing use cases. The crypto employs a unique Scrypt algorithm to generate hash cryptography and also draws on coding from Bitcoin, making it more secure.
DOGE came out in the limelight when celebrities like Elon Musk tweeted about it in 2020. His tweets and social media posts pushed the price of DOGE to new all-time highs in 2021 and also inspired several other investors to buy the crypto. Dogecoin still has strong support from both retail and high-net-worth investors. The adoption of DOGE by Tesla and Dallas Mavericks has paved the way for more companies to buy the crypto, increasing its demand.
There are also various other reasons to be optimistic about DOGE’s price in the coming years. The developers are constantly working to implement additional utilities to boost DOGE’s value. With Elon Musk's acquisition of Twitter, some even speculate that the crypto will find use cases on the Twitter platform.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Monacoin (MONA)
MonaCoin is a unique meme coin available for purchase in Japan, using Bitcoin or Japanese yen. It was also the first crypto developed in Japan and has one of the largest communities in the country. The crypto is based on the Lyra2RE (v2) Proof-of-Work algorithm for approval of blocks. MONA came into the limelight after getting featured on WBS network TVTokyo showing how the land was bought using Monacoin.
The primary use case of MONA is tipping in gaming communities. It is a highly community-oriented project because although developed by monacoinproject, the crypto is controlled by users who engage with its client applications on their computers. On top of that, several stores and online retailers, like the Bitcoin Mall in Japan, use MONA as a mode of payment.
Crypto asset 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 talked about meme coins in 2022 and worth adding to your watchlist. The crypto boasts solidifying fundamentals, a strong community, and numerous use cases. The price of SHIB is expected to rise higher thanks to the introduction of the Shiba Inu metaverse, a huge milestone for the crypto sphere. Although the metaverse is still in its infancy, it already has various characteristics.
The latest project, Shiberse, would lead their advancements to the metaverse sphere. It is expected to provide users with a highly immersive experience along with exploring the entire Shiba metaverse.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Tamadoge (TAMA)
An innovative meme coin that is already taking the market by storm is Tamadoge. Primed to become one of the top meme cryptos, TAMA is a coin similar to Dogecoin but with various other distinctive features that make it a highly promising investment option. Thanks to its unique approach of combining the Play-to-Earn (P2E) and NFT markets TAMA is poised for future growth.
The crypto also has a metaverse called the Tamaverse, which will boast several projects, helping investors expand their portfolios.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
The top 5 meme coins listed above are worth looking out for in 2023 as they have the potential to rise significantly in the future. Although we are still determining the offset of a bullish market, it will soon begin, and these crypto are worth adding to your portfolio.
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