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The next SHIB? 5 meme coins with potential for massive growth in 2023

The next SHIB? 5 meme coins with potential for massive growth in 2023

Since its humble beginnings, Shiba Inu (SHIB) has risen to become one of the most well-known cryptocurrencies and a direct competitor to Dogecoin (DOGE), a dog meme digital asset often touted by Tesla (NASDAQ: TSLA) and Twitter (NYSE: TWTR) CEO Elon Musk.

In this context, several crypto assets have stood out as potential competitors to one of the most famous meme assets on the crypto market, demonstrating the capacity to witness massive growth in 2023 and perhaps even reclaim the meme leadership positions from Shiba Inu and Dogecoin.

Floki (FLOKI)

Floki (FLOKI) has grabbed the public’s attention after soaring almost 40% in a day thanks to the deployment of staking on the platform’s testnet, as well as its listing on Binance.US, the American branch of the crypto trading platform Binance. More recently, Floki has become the first meme crypto to receive a prestigious golden checkmark on its Twitter account.

At press time, the price of Floki stood at $0.0000331, demonstrating a 5.5% decline in the last 24 hours but still recording gains of 15.36% across the previous seven days, as well as growing 6.99% on its monthly chart, as per the most recent data.

Floki 30-day price chart. Source: CoinMarketCap

Tamadoge (TAMA)

A recent successful launch of Tamadoge (TAMA) on the crypto exchange ByBit and the launch of its new ‘Tamadoge Run’ game are all part of the play-to-earn ecosystem’s expansion, which allows users to mint, breed, and battle their pet in the ‘Tamaverse,’ as well as climb leaderboards and earn rewards.

As things stand, the digital asset dubbed ‘the play-to-earn Dogecoin’ is trading at the price of $0.022, which is a decline of 5.27% on the day and 24.85% over the past week but an impressive climb of 122.97% in the last 30 days.

Tamadoge 30-day price chart. Source: CoinMarketCap

Pepe (PEPE)

A new sensation on the crypto scene, Pepe (PEPE) has caught the public’s eye over its explosive success, which has already managed to turn at least two of its early investors into millionaires. Pepe owes its massive growth to the popularity of Pepe the Frog, a well-known character in online communities like MySpace, Gaia Online, 4chan, and Reddit.

At present, the price of Pepe is $0.000001056, gaining 94% on the day and a major increase of over 350% during the last 30 days, as per CoinMarketCap data retrieved by Finbold on May 1.

Pepe 30-day price chart. Source: CoinMarketCap

Baby Doge Coin (BABYDOGE)

Created as a fun and educational alternative to Dogecoin, the mission of Baby Doge Coin (BABYDOGE) is to teach beginners about blockchain and digital assets. Recently, BABYDOGE has hopped on the artificial intelligence (AI) train, announcing a partnership with text-based AI platform ChatGPT to work together on supporting the community knowledge base.

Meanwhile, Baby Dogecoin was at the time of publication changing hands at $0.000000002741, recording a drop of 3.8% in the past 24 hours and 11.07% during the previous week.

Baby Doge 30-day price chart. Source: CoinMarketCap

Dogelon Mars (ELON)

A meme crypto inspired by SpaceX founder Elon Musk and built on the Ethereum (ETH) blockchain, Dogelon Mars (ELON) also alludes to SpaceX’s Mars program to facilitate the colonization of the red planet. The asset heavily relies on its community, counting over 400,000 Twitter followers and more than 50,000 Telegram members actively involved in its development and promotion.

In the meantime, the price of Dogelon Mars amounts to $0.0000002544. This represents a 3.06% negative change on the day and 9.93% in the last week. However, the meme coin does have potential to skyrocket, as evidenced in mid-February when its price briefly reached $0.0000005097.

Dogelon Mars 30-day price chart. Source: CoinMarketCap

Conclusion

All things considered, the above-listed meme crypto assets indeed have a strong chance of reaching the level of fame and progress currently exercised by SHIB and DOGE or even taking them over on the cryptocurrency charts in 2023.

However, assets in the crypto sector often have a habit of surprising a bystander with their price movements and developments while new cryptos continue springing up each day, which is why careful research and caution are necessary.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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