These meme cryptocurrencies could be ready to make new highs this year
Meme Coins, also known as joke currencies, are all the rave now. Their excessively volatile price moves, often as high as 100X in a day, have helped many investors climb the social class ladder. And now everyone wants to know and buy the next meme coin to explode in 2023.
The fascination with meme coins started last year when the two most popular joke currencies, Dogecoin and Shiba Inu, blew up. In the first five months of that year, for instance, Dogecoin’s value shot up by more than 15000% and by the time Shiba Inu peaked in October, it was more than 50000000% up its January prices. Much of their value gain could be attributed to endorsements from the likes of Elon Musk and Mark Cuban and artificial hype from the Reddit community.
What will be the next meme coins to explode? It is almost impossible to know for sure. However, we can pick out some possible candidates that are primarily focused on the current trends supported by the Reddit community hype and celebrity endorsements which are expected to continue influencing meme token prices.
We hope to help sort through the chaotic meme coin marketplace and identify the most promising meme coins to buy today.
7 Next Meme Coins to Explode in 2023
Here are the meme cryptocurrencies that could be due for a significant bull run:
SafeMoon (SAFEMOON)
SafeMoon launched in March 2021. It received such a warm welcome from the crypto community that its value shot up by more than 2000000% two weeks after launch. A move that saw most crypto pundits baptize it the ‘next Dogecoin.’ The market, however, crashed in May 2021 and dashed the hopes of the meme coin racing Shiba Inu or Dogecoin in their vision of becoming a top 10 digital currency.
But even with this setback, Safemoon’s development team didn’t stop hyping the meme currency or growing its community. And today, Safemoon has a larger following on social media than such top 10 cryptocurrencies as Avalanche. It has also developed or pledged to develop different programs like official digital wallets or # that seek to prove its sustainability.
As the crypto market recovers in 2023, we are of the opinion that the majority of the market thinks of Shiba Inu and Dogecoin as priced in - especially after already making it to the top 10 cryptos. The Reddit community will, therefore, most likely be looking for the next meme coin to hype. SafeMoon’s expanded community and past price action make it a serious contender and thus worth betting on.
Don't Miss Our SafeMoon Price Predictions.
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 cat-themed meme currency developed in January 2014 as a hard fork of Litecoin. It is even hailed as the first crypto project developed in Japan, where it enjoys the largest following and use. It first attracted Japan’s and the global crypto community’s attention when WBS Network Tokyo carried a story of a man who bought a piece of land in Nagana off proceeds made from investing in Monacoin.
Interest in the coin started gathering pace, and it was even listed with such exchanges as CoinCheck. All the while, the majority of Monacoin investors were concentrated in Japan, but as the meme coin boom hit the market in 2021 and global investors started looking for alternatives to Dogecoin and Shiba Inu, they turned their attention to MonaCoin.
Analysts are banking on MONA’s growing community support, attention from crypto influencers and celebrities in and outside Japan, as well as a revived meme coin investing frenzy to push Monacoin prices to unimaginable heights.
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 launched at the height of Dogecoin’s unprecedented success, much of which can be attributed to its endorsement from Billionaire-investor Elon Musk. As you can tell, the first part of its name borrows from the terms Dogecoin and Elon Musk.
Mars, on the other hand, is attributed to Elon’s well-known vision of making human beings interplanetary by taking them to Mars.
Its close association with both Dogecoin and Elon Musk has helped Dogelon Mars rally and become one of the most popular meme coins with a market cap exceeding $500 Million. The meme coin has also attracted a massive following on social media and is often a center of debate on Reddit forums discussion meme coins.
These further the chances of the coin blowing up during the next meme coin investing frenzy that the crypto community believes will be upon us soon.
Check Out: Dogelon Mars (ELON) Price Prediction
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 yet another dog-themed meme coin birthed by Shiba Inu investors and named after Elon Musk’s pet dog - Floki. The association with Elon musk and riding the dog-themed meme wave have helped it grow a robust community and rise to become the 2855 most valuable crypto asset. These were also instrumental in helping Floki Inu token prices rally by more than 8000% within three months of its launch.
Like the rest of the meme currencies, Floki Inu has kept its user base engaged by pledging developments that would speak to its sustainability. These include the Valhalla NFT gaming metaverse, the FlokiPlaces marketplace, and the Floki University.
The hype generated by these projects, the meme coin’s growing community, a recovering crypto market, and renewed attention toward joke currencies are all expected to catapult Floki Token prices to new heights by December 2022.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Samoyedcoin (SAMO)
Samoyedcoin is inspired by the lucrativeness of Dogecoin, the achievements of Sam Bankman-Fried (the FTX exchange founder), and the innovativeness of Solana co-founder Anatoly Yakovenko. It is hosted on the fast-growing Solana blockchain and has one of the fastest-growing crypto communities.
Unlike most other meme coins, Smaoyedcoin has a fixed maximum supply of 9.3 Billion SAMO tokens. Less than 40% of these are in circulation today, and Samoyedcoin promises to burn tokens regularly.
It also has a relatively small market cap of $77 Million. This gives it room to 100X its value without coming anywhere close to being a top 25 cryptocurrency and makes it a viable investment for 2023.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Hoge Finance (HOGE)
Hoge Finance launched in February 2021 as HogeCoin and has been in the country for the last 12 months. It, too, has one of the fastest-growing crypto communities and is often at the center of meme coin debates on Reddit and Twitter. It is a deflationary token and a modest market cap of $22 Million.
It also has a growing ecosystem seeing that it is developing a Hoge Finance DAO and an NFT marketplace. These, plus its low market cap and a burgeoning community, imply that it can rally 10X or 100X with ease.
What’s more, Hoge Finance rallied and set new all-time highs during the past two crypto market rallies (in May and November 2021). The majority of analysts, therefore, expect it to sustain this trend when the market confirms recovery in the next few months.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Doge Dash (DOGEDASH)
Doge Dash is a relatively new meme currency designed to appeal to the fast-growing crypto gaming niche. It launched on 14th October 2021, valued at $0.000036, and by the time the November crypto market peaked, Doge Dash token prices were up by more than 100000%.
Today, it has morphed into one of the most popular meme coins. It has also attracted a lot of attention on social media and managed to grow an ever-expanding community. It also continually posts solid daily trade volumes, averaging $200,000 and currently has a $10 Million market cap.
This low valuation against a growing community, its unprecedented price action during the last rally, and its popularity have analysts convinced Doge Dash might as well be the next meme coin to blow up.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Should You Invest In The Next Meme Coin To Explode?
Meme coins are highly rewarding, seeing that it is not surprising for a popular joke currency to grow by more than a million percent in a few months. But they are also massively risky and form the biggest pile of dead coins.
Therefore, when researching for the next meme coin to buy in 2023, consider such factors as their popularity, possible endorsements, past price action, and the development team. But even then, learn to always take profits and only invest as much as you can afford to lose.
Open an account with eToro, deposit some funds with USD, and finally – buy meme coins for just $10.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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