The top 5 most popular meme coins to buy in 2023 that you should know everything about
Meme coins are tokens that are frequently based on famous people or popular memes. Typically, they don’t have any practical use and only have worth in the eyes of the public. The trading volume and market value of popular meme coins have increased as a result of investors choosing to acquire these exotic altcoins as crypto enthusiasts recognize that meme coins have utility and purpose.
Meme coins were the first untested tokens to impulsively join the crypto market. Nonetheless, these “funny” crypto assets quickly established themselves, attracting even institutional investors’ attention. Only a small percentage of the numerous new meme coins created each day are worthwhile investments. In this article, we rank the top 5 most popular meme coins by market capitalization. We’ll look into meme coins to buy in 2023 and beyond.
1. Dogecoin
Dogecoin (DOGE) is the world’s largest meme coin in terms of market value and investor appeal. Its Shiba Inu dog emblem was inspired by the “doge” meme. DOGE is CoinMarketCap’s ninth largest cryptocurrency, with a market cap of more than US$10.4 billion as of this writing.
2. Shiba Inu
Shiba Inu (SHIB) is the second-largest meme currency in terms of market capitalization. Shiba Inu dogs inspired the design of the coin. Shibaswap is the Decentralized Exchange (DEX) for Shiba Inu, a highly adaptable currency that was designed as a “Dogecoin killer” in the beginning. Shibaswap users can buy NFTs, add to the liquidity pool, swap, join the DAO, and stake SSLP.
3. Dogelon Mars
Dogelon Mars (ELON) is a satirical coin that pays homage to Dogecoin and Elon Musk, one of the cryptocurrency’s most ardent supporters. The token’s name, which was inspired by the well-known Mars theme, sparked a lot of interest in a short period. Elon Musk is depicted as a canine exploring the galaxy in search of its home. The creators of the token are largely unknown.
4. Baby Dogecoin
BabyDoge is a variant of Dogecoin. It was created by followers of the Doge online meme community. It was initially intended to increase the speed of Dogecoin transactions on the blockchain. BabyDoge is added to the user’s wallet each time a DOGE transaction is completed. BabyDoge was created using the Binance Smart chain by creators whose identity is still unknown.
5. Pitbull
The Binance Smart Chain supports the dog-themed meme currency Pitbull (PIT). It is a BEP-20 token that the creators see as a one-of-a-kind social experiment that encourages investors to focus on the community’s growth. Pitbull has an auto-staking system in place to reward investors when transactions are made using PIT.
