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Meme coins are the latest trend in the crypto ecosystem, their high risk, volatility and high returns make them an investment opportunity for crypto enthusiasts looking to turn crypto millionaire with little investment.
The performance of meme coins since their inception have rivalled that of the big guns in crypto market. Dogecoin (DOGE) and Shiba Inu (SHIB) have made a long lasting impression on investors, printing millionaires during their rally.
With more focus on meme coins lately, we've curated the list of top 5 meme coins to invest in in 2023 based on market cap, long-term utility, and hidden value. What other meme coins made the list apart from DOGE and SHIB?
Read on to find out.
Dogecoin frequently comes up in any conversation that revolves around meme coins and the reasons are quite clear. DOGE played a significant role in the meme coin craze, gaining widespread recognition thanks to endorsements from well-known individuals.
After a decade since launch, DOGE is still an attractive investment option for investors seeking gains due to its low value, large community following and already proven nature. DOGE has rivalled the big guys; BNB, XRP and even stablecoins in terms of market-cap reaching about $70 billion during the 2021 bull run before the 2022 crypto winter that crashed prices of all tokens in the space.
Currently, the price of DOGE is $0.07474, 90% below May 2021's all-time highs. However, many believe this represents a discount to DOGE's intrinsic value, given its popularity – meaning now might be the best time to get in on DOGE while tokens are cheap.
Shiba Inu (SHIB) is another meme coin that needs no introduction, as along with DOGE, is at ffthe peak of the meme coin movement. The SHIB price reached an ATH of $0.0000884 in October 2021, yet it's now trading around 90% lower.
However, Shiba Inu's team remains undeterred and has been actively developing compelling use cases for their project. These include the creation of ShibaSwap, a decentralised exchange facilitating token swapping and staking, and Shibarium, a Layer-2 scaling solution designed to speed up and reduce the cost of SHIB transfers.
Within the Shiba Inu ecosystem, there are also two additional tokens, namely LEASH and BONE, which serve the specific purposes of staking and governance. This approach positions Shiba Inu as one of the most attractive investment options in the meme coin space, providing tangible benefits for token holders.
Moving away from dog-themed meme coins, Pikamoon is a meme coin project looking to revolutionise the play-2earn niches of the GameFi industry.
Now is the perfect moment to tap into your inner creator and direct your imaginative energy towards building an impressive squad of creatures in this captivating NFT Play-to-Earn game.
When you obtain PIKA, the native currency of the Pikaverse, you gain access to minting an exclusive free PIKA NFT. This Pikamoon NFT becomes a formidable asset, enabling your participation in thrilling in-game battles. As you navigate through Pikaverse, completing missions, you'll earn $PIKA. Keep in mind, your $PIKA holds substantial value, allowing you to procure valuable items from the Pikaverse marketplace.
PIKA is currently in presale phase three with tokens available at $0.0006 and over $3.8 million raised. Now could be the best time to invest in this amazing project.
With the mission of moving away from dog-themed meme coins, Anarchy has embarked on a journey to create a project with real world application and adoption.
The cryptocurrency ecosystem journey to success include: Provision of solution to gaining recognition to adoption. Anarchy has provided a solution to long standing corrupt practices reigning supreme in the financial industry through democratic approach that entails financial inclusivity, community member empowerment and privacy protection.
Unlike other meme coins that often fade after their initial hype, Anarchy seeks to create a lasting impact. By involving the community in the decision-making process, the project aims to establish a strong foundation built on trust, transparency, and active participation.
This community-driven approach will not only empower the holders but also ensure that the project's trajectory is aligned with the collective aspirations and interests of its community members.
Anarchy has become the talk of town with top investors all backing Anarchy to spur the influx of utility-based and community-centred meme coins.
Want to get involved in this project? The governance token of this project, ANA which gives you free access to Anarchy ecosystem to enjoy some wonderful perks like decision making on community driven initiative is currently being sold in the ongoing ANA presale.
The price is at $0.00024 and tokens are selling out at the speed of light. Bag some ANA to position yourself for a potential 100x return as this project gains adoption.
Baby Doge Coin (BABYDOGE) is one of the meme coins that aims to establish itself among the dog-themed meme coins capitalising on DOGE's success.
This deflationary token has a built-in rewards system whereby a 5% tax is imposed on BabyDoge's transaction and redistributed back to token holders – meaning buyers and holders are appreciated in this ecosystem while sellers are not welcomed.
Within the BabyDoge ecosystem, there's an exclusive NFT collection that has achieved complete sell-out status, underscoring the project's growing popularity.
Notably, according to predictions from Crypto-Galaxy, there's a potential for the token's value to reach $0.0000005 by the year 2025. This projection, if realised, would signify an astonishing surge compared to its current valuation.
