The emergence of meme coins has started a revolution in the crypto industry. These digital assets have garnered lots of popularity and value. It is because they brought forth new possibilities with better potential on many fronts. Besides gaining traction among crypto users, they have impressed big business tycoons too. Today, many countries are gearing up to formally induct cryptos into their economies. So far, the scope for meme coins is increasing by leaps and bounds.
So far, the year 2023 has been fantastic for meme coins. Moreover, experts say that they can still be very profitable in the remaining months. So, they have handpicked the best digital assets that can reap profits.
Meme Coins That Are Prudent Investments For 2023
With different themes and innovations, these tokens have established themselves in the market. They bring better prospects in terms of technology and profitability.
Memeinator
Inspired by the sci-fi film franchise Terminator, Memeinator gained huge popularity soon after its launch. The token also presents itself as an exterminator of typical meme coins. It aims to dominate the domain and eliminate the weak meme projects. With ingenious branding and grassroots resistance movement, this coin has made its presence felt. Analysts are quite hopeful about its success.
Shiba Memu
Shiba Memu is a pioneer in many ways. The token uses artificial intelligence for marketing purposes. It aims to reshape the dynamics of crypto marketing and operations. The project also makes extensive usage of predictive analytics, sentiment analysis, and natural language processing. Backed by cutting-edge technology and strategic management, the token has emerged as a promising project for investors.
Dogecoin
It’s the original meme coin that has held its ground quite impressively especially when the onslaught of tokens has been relentless in the past years. The coin has established a loyal fanbase and processes millions of transactions daily. It even saw endorsement from Elon Musk and Mark Cuban. In 2021, it exploded to a whopping 23000%.
HarryPotterObamaSonic10Inu
Depicting fictional characters, an ex-president, and a meme coin, this token stood apart right off the bat. The token became hugely popular upon its launch and gained an 8000% increase in value in just 3 months. Today, it’s the 7th most valuable meme coin with a $60 Million market cap. Yet, it’s an extreme coin and involves risks.
Shiba Inu
Soon after its launch, the token garnered Elon Musk’s attention. As a result, it became hugely popular and went on to establish its own ShibArmy. Currently, the group comprises more than 200K subscribers on Subreddit. In October 2021, the token acquired growth to the extent of 108,328,000%. It also added a Layer-2 scaling solution called Shibarium recently.
Conclusion
Investors can assess the profitability of meme coins in many ways. Many of them have strong prospects for becoming popular. Others have underrated prices or the support of a thriving community. Market capitalization could also play a massive factor in the success. At the same time, investors have to mind their own disposition. They have to assess their budget, risk tolerance, liquidity profile, and regulations. After a full-blown assessment, they should choose their investment.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
Source: https://www.thecoinrepublic.com/2023/10/14/5-meme-coins-that-can-become-the-ultimate-gainers-in-2023/