There’s no secret that meme coins have taken over the crypto space, repeatedly proving their potential in the past year. So, people are inevitably wondering about the status of these unusual digital currencies in 2023.
Picking the right cryptocurrency to invest in is perhaps one of the most daunting questions at the time being, as there are more than 20,000 virtual coins and many more being launched every day. This not only leads to increased competition but also confusion among enthusiasts. Surely, purchasing long-term holds such as Bitcoin and Ethereum is a go-to variant, as these coins have proven their value over time and demonstrated that they could bring huge returns. So, if you’re a beginner, starting your journey with such cryptos is better, but ensure you check aspects like price and where to buy Ethereum or Bitcoin beforehand. But if you’ve gained some experience in the space, you’ll probably want to diversify your portfolio and reach new heights.
Meme coins are the perfect choice in this case, as they’ve taken a big hit in the previous years and are forecast to explode in this new one. They might have entered the market as a joke, but their evolving utility makes them alluring. So, if you’re considering being part of the meme coin community, here are some coins to look out for in 2023.
Shiba Inu (SHIB)
The SHIB coin is one of the few that managed to mimic the popularity of Dogecoin, becoming the second-largest meme crypto after the renowned DOGE. Shiba Inu has evolved impressively, especially during the last year, capturing the interest of traders and investors alike. Its improving fundamentals include a marketplace, a social media platform, and a gaming platform related to the Shiba Inu Metaverse. This multiverse is expected to develop in the future, and some complementary features include the Shiba Inu layer-2 scaling solution – Shibarium – meant to boost transaction speed and a particular game that would be accessible on both Google Play Store and AppStore.
Floki Inu (FLOKI)
Floki Inu has big aspirations, dreaming of becoming the most used and popular cryptocurrency on the globe. It might sound impossible, but the cute Viking-like coin inspired by Elon Musk’s SHIB is the perfect blend of charitability and real utility, and this is crucial, especially regarding meme coins. The Floki Inu cryptocurrency is supported by the three pillars contributing to its core values, i.e., using its charming properties on all gender and ages, benefitting from the lure of memes to ensure its adoption, and a robust meme culture. At the moment, the community’s main goal is to build three essential areas of NFTs, educational platforms, and metaverse-based games. As regards education, for example, Floki Inu aims to develop an educational institution in each developing nation and on each continent.
The platform’s native token, FLOKI, is becoming more alluring to the masses, as experts forecast it could dethrone DOGE – the king of meme coins. Besides, FLOKI could be the subject of potential input from Musk, meaning that it could achieve even more prominence.
Dogeliens (DOGET)
Like all previous meme coins, this new kid in the block is about to drive the lighthearted fun so characteristic of meme tokens. But apart from that, Dogeliens has great aspirations, seeking to support a global community of participants by allowing them to make the most of their holdings. The platform’s main strength is dedicated educational content and games. Dogeliens relates to a DAO (Decentralized Autonomous Organization) centered on DeFi (Decentralized Finance) solutions intended to bring users notable advantages. Among the opportunities provided, the most prominent are the entertaining games, many of them based on the Play-to-Earn (P2E) model, and the chance to mint, trade, and promote NFTs. After all, it has an NFT (non-fungible token) marketplace, so it’s normal for this type of assets to be all the rage in the Dogeliens’ ecosystem.
Tora Inu (TORA)
You may think TORA is just another meme coin ending in “Inu”, but the reality is different. Tora Inu has a suite of unique features, one of the most prominent being related to deflationary tokenomics. This means investors and traders could benefit from never-seen-before prices as demand rises. Another not-to-be-neglected quality is linked to the platform’s P2E gaming space, designed as an opportunity for users to maximize their gains. The ecosystem itself intends to help participants take full advantage of their assets. One interesting manner of doing this is through a staking strategy that lets people lock up their holdings and obtain a competitive interest rate. This philosophy promotes a long-term view concerning digital investments, and it’s encouraging to see such an initiative.
Dogs of Elon (DOE)
You’ve probably guessed where the name of this coin comes from. But it’s nothing new under the sun that a billionaire invests in such projects. Throughout the last couple of years, Elon Musk has come to the spotlight as an enthusiast of meme coins, going so far that he adopted one such crypto as a payment form for Tesla vehicles. The star in this story is unsurprisingly Dogecoin, but it’s not excluded for other meme coins to achieve a similar status. Nevertheless, the team behind the project has recently rebranded the project to Kudoe, as this would allow for further areas, including metaverse, gaming, and DeFi, to be part of it. Kudoe is expected to achieve massive highs, as NFT dogs inspired by Musk’s image are becoming increasingly more favored.
Dogs of Elon not only promotes the concept of NFT but also gives every user a chance to have a unique token. That’s because the project includes 10,000 avatars, each representing a different dog breed. Moreover, fans are also able to breed their own dogs, take part in competitions, and build kennels. As the hype with NFTs continues, it’ll be exciting to track Dogs of Elon’s trajectory.
Other notable meme coin projects include Toon Finance Coin (TFT), Hoge Finance (HOGE), MonaCoin, and Big Eyes Coin (BIG), so if you decide to take this route, you definitely have a lot of options.
