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The top 10 meme coins that could go nuts in 2023

 


Meme tokens, also known as meme coins, are tokens invented as a joke. Dogecoin, the first meme coin, was created in 2013 to parody Bitcoin. Some characteristics of these coins are their extremely high volatility rate and lack of utility. Although these meme coins lack market effectiveness, traders have regularly invested in the projects to increase their value and generate financial gain. Elon Musk, the CEO of Tesla, is a well-known example as he is a firm advocate of digital assets.

The majority of these meme coins were created as a hoax, meaning they have little or no real-world applications. For example, the Mongoose coin was launched after a member of the US Congress mentioned the name during a crypto hearing. After the GameStop incident in 2020, meme coins became the darling of the market. The group's traders then turned to Dogecoin, boosting its value. However, some of these tokens have had a significant impact on the market. Let's look at the top 10 meme coins that could bring good returns in 2023 !


Baby Doge

Launched in June 2021, Baby Doge Coin (BABYDOGE) has a comprehensive plan of action that includes numerous trials in animal welfare, NFT formation, GameFi and other initiatives. You thought the Dogecoin was a joke? Wait until you've seen the comparatively small Doge! The Baby Doge on Binance Smart Chain (BSC) is another adventure in cryptocurrency memification. When someone trades it on-chain, BABYDOGE forms a combustion mechanism as well as a governance framework that distributes the stake evenly among its owners, naturally allowing the owners to make profits.


Baby Doge Meme-Coins

YooShi (YOOSHI)

YooShi runs on the Binance Smart Chain and contains more than just a token. The mysterious frog/lizard hybrid features a gamepad for game developers to raise money on, a Yooshi Lab for creating new games, and the Play To Earn Guild Alliance for allowing people to earn money by playing games. The meme coin could do well in the coming weeks.


Shiba Inu (SHIB)

Shiba, another meme and community-based dog-themed token, bills itself as a DOGE killer. According to the official description, SHIB is an experiment in decentralized, spontaneous community building. SHIB tokens have a total supply of 1,000,000,000,000,000 (or a quadrillion). The project is named after a Japanese hunting dog. It runs on the Ethereum blockchain, has a larger market cap than many (very serious) projects, and ranks 15th overall.


Shiba Inu Meme-Coins

Dogecoin (DOGE)

Dogecoin, the first meme coin ever, was launched on their own blockchain in 2013. Since then, the dog-themed token has faced significant resistance. In 2021 he saw phenomenal growth of over 20,000% in one year! 


Dogecoin Meme-Coins

The first meme coin ever was the Dogecoin. It was created as a parody of Bitcoin as well as a relatively unknown currency. Despite this, as more and more investors became interested in cryptocurrencies, the price rose and the Dogecoin became popular. The confused Shiba Inu dog meme that serves as a symbol for Dogecoin played a big part in this.


Monacoin (MONA)

Monacoin is one of the earliest known meme coins, launched in 2013 and was influenced by a Japanese ASCII art identity that looks like a cat. It is an open-source money transfer system that uses peer-to-peer (P2P) exchanges. Monacoin's block admission algorithm is based on Lyra2RE (v2) proof-of-work technology. Miners get 25 tokens for every 90 blocks analyzed. Block formation takes a minute and a half and the mining complexity varies greatly for each block.


Tamadoge (TAMA)

Tama is a medium of exchange in the Tamadoge ecosystem that includes NFTs and play-to-earn game modes. Many people assume that the symbols on the TamaDoge official screen were inspired by the Dogecoin. The game is developed on the Ethereum blockchain and is a peer-to-peer P2P framework. It is also one of the newest meme coins. Every user is invited to participate and earn rewards. In order to actually participate, players must purchase NFTs with unique dog tags, as well as other gaming assets.


Akita Inu (AKITA)

Another community-based project, Akita Inu, decided on the name of another Japanese dog breed. AKITA tokens have different token metrics than Shiba Inu tokens, but both have tied liquidity and can be burned by transferring to Ethereum wallets. It's a collaborative adventure influenced by DOGE, to whom it's credited as a big brother. The total supply of AKITA tokens is 100,000,000,000,000 (or 100 trillion), which is one-tenth the availability of SHIB tokens. You can buy it from Uniswap, Hotbit, Poloniex, and other websites.


Kishu Inu

Kishu Inu is also named after the well-known Japanese dog breed. Each wallet gets a share of the token and a 2% fee. Its liquidity pool and community-focused tokens are burned, freezing liquidity. The symbol is KISHU and there are 100,000,000,000,000,000 (or 100 quadrillion) tokens available. The top ten wallets control almost 14% of the supply.


Woofy (WOOFY)

A brilliant idea comes from the renowned yearn.finance team. Woofy is a Shiba Inu-like dog-themed meme token price-pegged to DeFi blue chip YFI. It is bi-directionally pegged to YFI and is redeemable at 1 YFI at a value of 1 million WOOFY. Unlike other dog-themed meme tokens, this one also has a limited use case as well as a framework for generating income.


Floki Inu

Floki Inu is undoubtedly one of the cryptocurrencies to watch out for in 2023. It is not as well known as Dogecoin or Shiba Inu. Despite this, it has the potential to stay up in this extremely volatile bear market. The biggest feature of the token is that Floki Inu has consistently performed well since its inception. The Floki Inu market cap was as high as $1.06 billion during the infamous December 2021 market correction. The founders of Floki Inu have announced that there could be up to 10 trillion tokens at present, which is an incredibly large token supply. Currently, the price of buying this coin is still extremely low.

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