Meme coins are cryptocurrencies based on Internet memes or other humorous characters. Popular ones include Dogecoin, Pepecoin, Shiba Inu, etc. Hundreds of meme coins are available to trade, but only a few are worth it. This article will show you the best ones to buy in 2023, and they include
Dogecoin (DOGE)
Dogecoin is the world’s most famous meme coin. It was created in 2013 by three developers – Billy Markus, Michi Lumin, and Ross Nicoll – as a joke to make fun of speculative tokens. In a wild turn of events, the joke because one of the most popular and speculated tokens.
Dogecoin is considered the first meme coin. It is based on the popular Doge internet meme featuring the Japanese Shiba Inu dog breed. The creators designed it to make fun of Bitcoin and other cryptocurrencies, and their satirical creation became a hit shortly after launching.
This coin has a market capitalization of over $10 billion and a daily trading volume of over $300 million as of writing. There’s a highly-liquid market, and the joke currency has become an investment opportunity.
Shiba Inu (SHIB)
SHIB is the second most popular meme coin. It was created in 2020 by a person or group that has remained anonymous to date. The creators are simply known as “Ryoshi.”
This token is based on Shiba Inu, a popular Japanese dog breed that also inspired Dogecoin. The creators marketed it as the “Dogecoin killer” shortly after launching, and it became viral.
The main factor that contributed to Shiba’s popularity was the creators sending 50% of the supply to Vitalik Buterin, the famous Ethereum co-founder. Buterin, in turn, donated the tokens to an Indian Covid-19 relief fund, which garnered worldwide praise.
SHIB has a market capitalization of nearly $5 billion and a daily trading volume of nearly $200 million as of writing.
Floki Inu (FLOKI)
Floki Inu is another famous meme coin. It is a multi-chain token hosted on the Ethereum blockchain and Binance Smart Chain (BSC). It was created in 2021 following a tweet by Elon Musk, the renowned billionaire entrepreneur, that he was naming his pet Shiba Inu dog “Floki.”
Consider this; Dogecoin is the original meme coin. Dogecoin inspired Shiba Inu, which was, in turn, inspired Floki. Floki was created by a group of pseudonymous developers that go by B PetaByte Capital, Sabre and Mr Brown Whale.
A uniqueness of this coin is that there’s a 3% tax for buying and selling it. The tax goes to the Floki treasury, which the developers claim will fund projects to build the coin’s popularity.
Floki has a market value above $200 million as of writing.
Pepe Coin (PEPE)
Pepe is the latest meme coin taking the crypto world by storm. This coin is based on the Pepe the Frog cartoon character, a green anthropomorphic frog with a humanoid body. This character is popular in comics and social media, and some crypto developers decided to capitalize on it to create a token.
Pepe is hosted on the Ethereum blockchain. It was launched on April 14, 2023, and exploded in popularity shortly after its launch. The official website describes Pepe as having a mission of “making meme coins great again.”
Pepe was described by its creators as having no “intrinsic value or expectation of financial return,” but the speculators changed the story. This coin has a market value of over $400 million as of writing.
BoneShiba Swap (BONE)
ShibaSwap is a popular decentralized crypto exchange operating on the Binance Smart Chain. BONE is this exchange’s native token and is another popular meme coin inspired by the Shiba dog breed.
It is the native token of ShibaSwap and gives holders access to various features, including staking and yield farming. Apart from buying and holding, BONE owners can stake their tokens to earn more as a reward or swap it for other tokens or NFTs on ShibaSwap.
This token has a market cap of over $300 million as of writing.
Disclaimer: The content of this webpage is not investment advice and does not constitute an offer or solicitation to offer or recommendation of any digital asset.
