Crypto investors keep getting drawn in by the novelty of new meme coins. As 2023 continues to unfold and the crypto market continues to evolve, the best meme coins are enjoying a brand-new lease of life, with new variations on an old theme cropping up regularly to retain investors’ engagement.
While some crypto enthusiasts quickly dismiss meme coins as a fad without long-term viability, the meme coin landscape is slowly changing, with some platforms diversifying their crypto offerings and others building utility into their best meme coins. This article suggests which are the most likely to have something to offer the longer-term investor by looking at the top 6 meme coins likely to go into orbit.
Top 6 meme coins to buy now
After extensive research and review, these are the top 6 meme coins to buy now for excellent returns throughout 2023 and beyond.
1) Shiba Memu: Revolutionizing the meme coin through the power of AI
2) Shiba Inu: Innovative meme coin moving through the gears
3) Pepe: Upstart newbie causing waves in crypto markets
4) ApeCoin: Popular meme coin with a new lease of life
5) Dogecoin: Revolutionizing the potential of digital currency
6) AIDoge: Meme coin with potential real-world value
Read on to learn more about these top meme coins and why they make the list of the top 6 meme coins about to go viral.
1) Shiba Memu: Revolutionizing the meme coin through the power of AI
What is Shiba Memu?
Meme coins account for a significant portion of the crypto industry, with an overall market value of over $14 billion. A new crypto meme joins the market with a great value proposition in meme land.
Shiba Memu (SHMU) is a brand-new player in the meme coin sector and comes to market with a compelling use case usually lacking in other meme coins. Shiba Memu combines blockchain technology with cutting-edge AI capability to create a brighter, more versatile doggy than its competitors.
The AI capability allows Shiba Memu to learn through machine learning algorithms how to understand the best way to market itself without human intervention. The AI engines create content, interact with people in online communities, forums, and social media, and continually refine and improve strategies over time.
Reasons to invest in Shiba Memu
Shiba Memu, currently available in a unique style of presale event, is so much more than just another meme coin; it brings utility that is lacking in other meme coins thanks to its amazing AI brain. This capability scans online forums, and social media, quickly understands market trends, and can adapt its marketing strategies accordingly.
One of the big plus points for investors in Shiba Memu is transparency. A dashboard allows coin holders to observe Shiba Memu’s monitoring and marketing. They can also talk to the AI engine suggesting sites to target. This transparency will foster a feeling of community within the Shiba Memu ecosystem.
Shiba Memu’s presale features a daily price increase of $0.00025. The SHMU tokens will launch at $0.011125, and the presale will last only eight weeks. On the last day of the presale, the tokens will be at $0.0244, which is an impressive 119.33% over the initial launch price. Investors who get in early stand to benefit most, and even those who miss the very first day can still see impressive gains throughout Shiba Memu’s presale event.
What are the risks of investing in Shiba Memu?
All investments have risk attached, and crypto investment is riskier than most. However, with plenty of homework and due diligence on Shiba Memu and keeping a close eye on the performance of your assets, it is possible to reduce and mitigate this risk significantly.
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2) Shiba Inu: Innovative meme coin moving through the gears
What is Shiba Inu?
Shiba Inu is an Ethereum-based meme coin featuring a Japanese breed of hunting dog, Shiba Inu, as its mascot. This best-rated meme coin was developed to be an alternative to Dogecoin and, in some circles, has been labeled “the Dogecoin killer.”
Launched in 2020 by the anonymous Ryoshi, Shiba Inu quickly grew in popularity, gaining a firm following from its supporters known as the Shib Army. In October 2021, the coin’s price peaked to give it a market capitalization of $41 billion. Although this has dropped more than 90% to a market cap of just under $4 billion, Shiba Inu remains firmly in the top 20 cryptocurrencies by total valuation and one of the best meme coin investments.
Reasons to invest in Shiba Inu
Shiba Inu has recently diversified its ecosystem, adding utility to the platform to run alongside the meme coin. ShibaSwap, a decentralized exchange, is being introduced to facilitate token trading, swapping, and staking. Meanwhile, Shibarium, a layer-2 scaling blockchain solution, has also been developed to allow faster and cheaper transactions with the native SHIB token. These two developments significantly benefit the Shiba Inu landscape, separating it from most other meme coins.
In addition to the native SHIB token, Shiba Inu’s ecosystem contains two other crypto tokens, LEASH, and BONE. LEASH is a staking token that, unlike the unlimited supply of SHIB coins, has a fixed total pool of just over 100,000. The BONE token is the governance token for the Shiba Inu enterprise, with coin holders having full governance power over the platform’s future and development.
What are the risks of investing in Shiba Inu?
All meme coins are fraught with investment risk, and Shiba Inu is no different. The volatility of meme coins has already been seen by the vast swing experienced by SHIB since its October 2021 high. While investing in meme coins can be a rewarding experience, investors should be aware of the impact of different global market conditions, social media trends, and celebrity endorsements.
3) Pepe: Upstart newbie causing waves in crypto markets
What is Pepe?
Pepe is a brand-new meme coin launched in April 2023, breathing new life into the meme coin market with its refreshing feel. A decentralized cryptocurrency removed from control by a centralized body, Pepe is a community-led venture with Pepe the Frog acting as the face of the platform.
Unlike many meme coins with a single use case, Pepe has fostered a strong community in weeks thanks to its exciting and clear project roadmap to build extensive utility alongside the Pepe meme. With most meme coins lacking a clear identity or use case outside of the NFT world, which can prove flaky, Pepe’s plans set it apart from the competition and make it a compelling and appealing option as one of the best meme coins.
Reasons to invest in Pepe
The development team at Pepe has an exciting project roadmap to take the ecosystem far beyond that of most meme coins. For example, Pepe is set to create a decentralized exchange where users can interact with other traders to sell and swap Pepe alongside other cryptos while increasing Pepe’s market liquidity.
In addition, Pepe plans to launch its NFT marketplace where users can gather to buy, sell, and trade Pepe-influenced NFTs such as memes, gaming items, and bespoke Pepe artwork. Finally, plans are already well-established to launch a charity fund that will donate money to causes close to the heart of the Pepe crypto community.
What are the risks of investing in Pepe?
Pepe looks set to be a meme coin that mitigates against many of the inherent risks attached to investing in this digital asset class thanks to its strong growing community, excellent development plans, and precise execution roadmap. However, there is an inherent lack of liquidity in Pepe which could hamper the coin’s trade ability and is something for investors to be aware of.
4) ApeCoin: Popular meme coin— given a new lease of life
What is ApeCoin?
ApeCoin blew into the public consciousness soon after its launch in March 2022 by Yuga Labs. Coin holders can join the prestigious Bored Ape Yacht Club (BAYC) and immerse themselves in the Bored Ape Metaverse, a standalone virtual world built on the Ethereum blockchain.
The BAYC is a collection of cartoon-like ape NFTs which users can modify with digital accessories such as clothes, eyes, and earrings. Each NFT is unique and comes with its own digital DNA in the form of metadata.
Reasons to invest in ApeCoin
ApeCoin is another meme coin that has quickly understood the value of adding utility and functionality to its ecosystem to set its proposition apart from competitors. For example, already a DAO, the ApeCoin community passed a recent proposal to launch an Accelerator that supports the development of projects that utilize the native APE token. The more projects developed, the more considerable boost to the ApeCoin ecosystem.
All projects launched on the Accelerator will have full community backing, with members engaged as initiators, voters, and participants. Projects will be established utilizing APE and push the coin value upwards as revenue and returns for holders are generated.
What are the risks of investing in ApeCoin?
ApeCoin is still a relatively new cryptocurrency, just over a year old, and could remain volatile as it seeks its natural resting place in crypto markets. A lack of liquidity in the ApeCoin ecosystem compared to other coins could also impact the price of APE if you’re trying to trade.
5) Dogecoin: Revolutionizing the potential of digital currency
What is Dogecoin?
Dogecoin is the top meme coin by market capitalization, and its success was accomplished mainly by approval and endorsement from some of the world’s biggest names in tech. Launched in 2013, Dogecoin was forked from Litecoin by Billy Markus and Jackson Palmer as a light-hearted crypto alternative to the serious world of Bitcoin.
The Dogecoin meme features a Shiba Inu logo and has grown into a solid top-10 cryptocurrency by market cap. Primarily used as a tipping system on social media forums, Dogecoin thrives despite its limited utility.
Reasons to invest in Dogecoin
Think Dogecoin, and the chances are that Twitter and Tesla supremo Elon Musk won’t be far behind. A tweet from Musk sent DOGE into orbit in May 2021, and although the coin’s price has since dropped by more than 90% to around $0.072, Musk continues to extol the coin’s virtues.
One of Dogecoin’s most compelling new use cases is as a digital currency. Touted during the long run-up to Musk’s takeover of Twitter as a potential currency to make up part of his bid, more than 2,100 merchants worldwide accept DOGE as a simple payment method. This number is set to grow exponentially in years to come as more and more governments and businesses accept digital currency as tender, making Dogecoin a compelling meme coin investment opportunity.
What are the risks of investing in Dogecoin?
As investors that were part of the DOGE surge in May 2021 have found out, investors in meme coins must beware of the power of celebrity endorsement. Although many made short-term hyper-gains, these were temporary as the crypto market settled down, with the currency dropping 90% from its peak price. This underlines the potentially speculative nature of the meme coin market.
6) AIDoge: Meme coin with potential real-world value
What is AIDoge?
AIDoge is a new idea in the meme coin industry, combining all the usual fun associated with meme NFTs with the enormous power of AI. Users can provide the AI engine with a text prompt, and AI Doge automatically generates a meme in a matter of seconds. Users can then share and vote on these memes, with the most popular generating passive income for the creators.
These credits are accumulated daily, allowing users to unlock exciting new special features on the platform.
Reasons to invest in AIDoge
The native AI token of AIDoge is an Ethereum-based ERC-20 token, which allows users to gain the required credits for creating new memes. All credit rewards are paid in AIDoge, with users also able to stake the tokens to help increase liquidity pools within the ecosystem and gain passive returns.
AIDoge is increasingly viewed as an excellent entry point for investors to gain an understanding and exposure to the AI industry alongside the blockchain.
What are the risks of investing in AIDoge?
Alongside the well-known risks associated with investing in meme coins, thanks to the hyper-volatile nature of the digital asset, AIDoge comes with an additional risk in the use of AI. The technology within the blockchain sector remains in its infancy and could prove not to capture the imagination of users. This significantly increases the risk to investors.
How we chose the best 6 meme coins of 2023
Each meme coin in this list underwent rigorous scrutiny and research. Throughout the comprehensive and in-depth assessment, the following critical factors were considered:
Token availability
The availability of the coin’s native token on public exchanges is critical for investors. A scarcity of tokens will likely see prices at a higher-than-normal level. Where more tokens are available, trading is more straightforward, and liquidity is usually available.
Undervalued prices
Several newer projects, sometimes more established ones, often have undervalued coin prices considering the project’s utility or use case. Projects with solid fundamentals and exceptional growth projects, such as meme coins delivering utility outside of NFTs in this case, can make appealing investment opportunities with the potential for investors to gain profits.
Other things to consider when investing in crypto
When venturing into any investment, several other factors should be widely considered beyond the market an investor is exploring. These include:
Budget
Investors should only invest what they can afford to lose. Having a clear idea of their personal financial capacity and investment goals will help determine how much can be safely allocated to crypto investments.
Coin use cases
One of the major criticisms leveled at meme coins is their lack of real-world application or utility. Some meme coin projects are beginning to address this limitation by diversifying their ecosystems. Understanding how a coin has been designed to use and the problem it solves can provide valuable insight into its long-term viability.
Risk tolerance
Understanding that crypto investments are more volatile than other asset classes is essential. Crypto coins can be subjected to intense price fluctuations with sharp rises and drops in value. Each potential investor should evaluate their risk tolerance to understand whether they are comfortable with high-risk, high-reward investments.
Conclusion – The top meme coins to buy in 2023
The nature of meme coins is slowly changing from the simple provision of cartoon NFTs towards more complex and multi-layered platforms delivering utility and real-world applications. Shiba Memu’s exciting AI-driven self-marketing platform makes it the top meme coin to buy in 2023, with investors and the marketing industry looking closely to assess whether the self-learning AI technologies can have a more comprehensive application.
Other meme coins, such as Shiba Inu, Pepe, ApeCoin, Dogecoin, and AIDoge, are also contributing to the evolving meme coin landscape and are fully deserving on this list of the top 6 meme coin investments in 2023.