10 Best Meme Coins to Invest in 2023 - New Meme Coin Projects
Although it has been a tough 18 months for the crypto industry, some meme coins have continued to innovate and explode in value in spite of the bear market. These coins can be very profitable, particularly once the next bull market begins.
But how do you find the best meme cryptocurrency to invest in? This article will answer this question and provide you with the best meme coins for 2023 that you can buy right now. So with that said, let’s begin.
Top 10 List of Meme Coins for 2023
Below is the list of the top 10 meme coins with the highest potential for massive profits this year.
- Love Hate Inu - Newest Meme Coin With Innovative Vote-to-Earn Ecosystem
- Tamadoge - Best Meme Coin to Buy for Metaverse and P2E Gaming
- Shiba Inu - Most Popular Meme Coin Building a Layer 2 Scaling Solution
- Floki - Community-Driven Coin That Powers a Huge DeFi and Metaverse Ecosystem
- LeverageInu - Defi Meme Crypto That Provides Holders Income
- Dogelon Mars - Dogecoin Spinoff That Appeals to Elon Musk’s Fanbase
- Baby Doge Coin - Deflationary Coin with Fee Redistribution to Holders
- MonaCoin - Japan’s Leading Peer-to-Peer Digital Currency
- Dogecoin - Meme Crypto With the Strongest Online Community
- Bone ShibaSwap - Governance Token to Power Shiba Inu DEX
Analyzing the Best Meme Coins for 2023
Next, we will explore each of the top meme coins so you can find out why we are so excited about them. We will look at each coin's key attributes, such as its features, tokenomics and short- and long-term potential.
Love Hate Inu - Newest Meme Coin With Transparent Voting and Long-Term Potential
Because presale coins generally start undervalued, they can steadily increase in value over time, despite poor market conditions. This is why investing in the newest meme coins is one of the best ways to make money in a bear market.
With this in mind, Love Hate Inu is the best meme coin to buy today. The coin is in its stage 1 presale with a token price of $0.000085 USDT and its launch price set at $0.000145 USDT. This means there is a 70.5% markup from its current valuation, making it an excellent opportunity to earn for early investors.
So far, Love Hate Inu has raised over $400K USDT and over $100K USDT in just its first 24 hours. With this in mind, we have high expectations for the future of the crypto.
And despite being just a couple of days old, the project already has over 12K followers on Twitter. So now you might be wondering why the coin is doing so well, despite the bear market. Let us explain.
A significant criticism of the most popular meme coin, Dogecoin, is that its largest holders have most of the coins, so critics believe the coin is not very decentralised. On the other hand, one of the great things about Love Hate Inu is that 90% of coins will be distributed in its presale, meaning the tokens should be more widely distributed and making it much more decentralised.
Similarly to Shiba Inu, Dogecoin and many more, Love Hate Inu has a Shiba Inu dog as its icon and is constantly pumping out funny memes on Twitter. But Love Hate Inu works slightly differently: behind the memes is real utility through secure and transparent on-chain voting.
The voting system will determine important decisions on the project's direction and allows holders to create on-chain polls that the rest of the community can vote on. This has endless future possibilities, such as voting on TV shows or even political elections.
The project will begin its rollout of new features throughout 2023, including staking, vote-to-earn and metaverse voting. With that said, Love Hate Inu is in a solid position to be the fastest-growing meme coin of 2023 and beyond.
You can purchase the LHINU token directly from its website using a Metamask or Wallet Connect wallet. In 6 days, the coin’s price will increase from $0.000085 USDT to $0.000090 USDT.
Tamadoge - Best Meme Coin to Buy With Metaverse and P2E Gaming
Tamadoge has proven itself as one of the best meme coins to invest in following its exceptionally successful presale and IEO. The token currently sits over 30% higher than its presale stage one price, despite the bear market and most other meme coins dropping massively in the same period.
While Tamadoge dropped in price since ATH of $0.1957, the price is holding firm around the $0.13 range. With massive social media popularity and many exciting developments on its roadmap, it looks ready for a big bounce to its previous ATH when the market picks up.
The crypto is based on Dogecoin, but while Dogecoin markets itself as a peer-to-peer payment system similar to Bitcoin, Tamadoge adds real utility through a P2E game and metaverse.
The Tamadoge ecosystem, known as the Tamaverse, is based on users buying pets from the Tamadoge store with the TAMA token. The great thing about this model is that the project can generate real income to fuel the long-term growth of the ecosystem. Also, this will increase demand for the TAMA token and bump up its price long-term.
There are multiple games in the Tamadoge ecosystem where players compete against one another to rise up the leaderboard. Players who rise up the leaderboard are rewarded with TAMA, which can be used to upgrade their pets or cash out for another crypto.
Tamadoge has a low market cap of $13 million, so compared to a token like Dogecoin, with a market cap of over $8 billion, there is plenty of room for long-term growth.
The project has a lot of exciting developments on its roadmap, such as staking, fiat on-ramp and the Tamaverse. With this in mind, Tamadoge is one of the most likely meme coins that will explode in 2023.
Shiba Inu - One of the Most Popular Meme Coins Building a Layer 2 Scaling Solution
Next up on our list of best new meme coins in 2023 is Shiba Inu. While it started as a fun crypto building on meme culture, it has begun leveraging its loyal community to solve many of cryptos' most pressing issues.
Shiba Inu is releasing its beta layer 2 scaling solution for the Ethereum chain. It will process some transactions off the Ethereum chain and report them back to Ethereum for security and finality, which should significantly increase demand for SHIB over time.
This is not the first time the Shiba Inu devs have tackled a serious issue in crypto, with past projects including solving governance and liquidity issues on the Ethereum chain.
While SHIBs $5.6 billion market cap already has much of this innovation already priced in, the strong community and team have clearly shown the project is here to stay, making it one of the best meme coins to invest in.
The project has plenty of long-term potential, but the high market cap means there will not be much ROI in the short term compared to a token like Love Hate Inu, which is still in its stage one presale.
Floki - Meme Coin that Powers a DeFi and Metaverse Ecosystem
If you want a meme coin with real utility and an engaged community, Floki is worth a look. With a market cap of $300 million and over 400K followers on Twitter, it could easily be the next meme cryptocurrency to explode in 2023.
Floki is a meme coin that powers an entire crypto ecosystem, including DeFi, a metaverse, an education portal and a marketplace. This gives FLOKI plenty of utility that could quickly push up the price in the future.
The coin has a total supply of 10,000,000,000,000 and burns 25% of transaction fees, meaning the supply will steadily decrease over time, which should increase the price.
FLOKI is available on the Ethereum and Binance Smart Chain, so you can buy on Uniswap, Pancakeswap or much more.
So far, FLOKI has been one of the best coins for the bear market, climbing steadily since January. Therefore, we have high hopes for its price when the market conditions improve.
In 2023, the Floki crypto will commence staking, DeFi lending and borrowing, the Floki credit card and much more. With this in mind, it is one of the best meme coins to invest in this year.
LeverageInu - Top Defi Meme Crypto That Provides Holders Income
LeverageInu is a meme coin that integrates advanced yield farming and leverage trading strategies to give holders passive income. LEVI is a coin native to the layer 2 Ethereum scaling solution, Arbitrum, so you can buy and sell it quickly and with minimal gas fees.
It’s the first meme coin on the Arbitrum chain, giving it a first-mover advantage for the price to explode.
The coin works by LeverageInu’s team of professional crypto traders using staked LEVI coins to yield farm and then using the yield farming profits to leverage trade. The profits are then distributed to holders. The LEVI token can also be used for governance, so holders can also vote on important matters relating to the project.
The project currently sits at a market cap of just over $900K, making it one of the smaller meme coins on the list and allowing investors to earn eye-watering returns.
LEVI is up over 50% since launching in November, whereas Dogecoin has decreased in value over the same period. The performance of LEVI over recent months shows the cryptos huge short-term potential.
Dogelon Mars - Dogecoin Spinoff That Appeals to Elon Musk’s Fanbase
One of the most surprising things to emerge from the 2021 bull market was Elon Musk's influence on the price of cryptocurrencies.
Initially, Bitcoin’s price pumped due to Tesla purchasing it, then collapsed when Tesla sold it. Then, when Elon began publicly praising Dogecoin, the DOGE price rose exponentially. One instance of him posting a mock version of Vogue magazine with the word “Dogue” caused the DOGE price to grow 682%.
He quickly became a prominent figure in the meme coin community, partially due to his own “meme game” on Twitter, and some even referring to him as the “Doge Father.”
With this in mind, meme coins related to Elon Musk generally perform well, primarily when he tweets about Dogecoin. The best Elon-related meme coin is Dogelon Mars, which has a market cap of $182 million and over 400K Twitter followers.
The Dogelon Mars community is thriving on Twitter, so the price could explode when the crypto market picks up. However, the price is down 98% since its ATH, so it’s unlikely to pick up during the bear market. Therefore, if you want a coin with a track record of performing well in the bear market, consider checking out Tamadoge.
Baby Doge Coin - Deflationary Coin with Fee Redistribution to Holders
Another of the best meme coins is Baby Doge Coin, another Dogecoin-inspired meme coin that could explode this year. While it is designed with the same purpose as Dogecoin, to be used for peer-to-peer payments, it comes with deflationary tokenomics that help increase scarcity and reward its holders.
The token has a 10% tax on all transactions, which is redistributed to holders, a “dead wallet”, and liquidity pools. As a result, the amount of supply for BABYDOGE will steadily reduce over time, boosting its price.
Another great thing about this is that you can earn passive income from holding the Bady Doge Coin. When you factor in the price appreciation over time due to the reduced supply, this can lead to some serious gains.
The project also has some other fantastic features which make it one of the best new meme coins in 2023, such as being built on Binance Smart Chain, so fewer gas fees, community voting and a forum for holders to discuss ideas about the project.
The coin has a market cap of $241 million, so while there is less room for growth than in Tamadoge or Love Hate Inu, it still has space to increase by 100% and still has just a quarter of Dogecoin’s market cap.
Monacoin - Japan’s Leading Peer-to-Peer Digital Currency
Monacoin is a Japanese cryptocurrency that was first conceived in 2013. It’s based on the popular ASCII art character, Mona, and became a massive hit in Japan after a man was featured on a Tokyo news channel for purchasing a piece of land using the cryptocurrency.
The coin is predominantly used as a peer-to-peer transaction system for payments and tipping.
Monacoin is a proof-of-work crypto with a max supply of 105,120,000. Once the cap is reached, miners will only earn transaction fees, and the coin will eventually become deflationary. Currently, Monacoin has a market cap of $29 million.
The community’s developers have created many web applications based on Monacoin, giving it plenty of utility and long-term demand.
Another great thing about Monacoin is that it has relatively fast transaction speeds, with its block time being 1.5 minutes, compared to Bitcoin’s 10 minutes or Ethereum’s 12 minutes.
Regarding price, Monacoin currently sits at $0.4475, which is 97.74% down from its all-time high of $20.23. While it may not hit this price again, it could easily increase 2-5 X’s and still only be a fraction of its all-time high.
Considering it’s Japan’s most popular meme coin and its low price, Monacoin could quickly explode once the broader market begins trending upwards.
Dogecoin - Crypto With the Strongest Online Community for Long-Term Success
While meme coins present a tremendous opportunity, they also come with a degree of risk. If you want to reduce that risk as much as possible, Dogecoin should be your go-to meme coin.
This is because it is the biggest meme coin, with the largest online community, highest market cap and backing of highly influential figures like Elon Musk.
While Dogecoin's relatively high price means there is less potential for the price to explode than other meme coins, such as Love Hate Inu, it could still rise 200-300% over the next 12-18 months.
Similarly to Monacoin, Dogecoin is used as a peer-to-peer transaction network for payments and tipping on sites like Reddit and Twitter.
Dogecoin currently has an $8.8 billion market cap and a price of $0.06656. Its all-time high price is $0.7376, meaning it's now down 90.99%. While there’s plenty of room for Dogecoin to grow, it is relatively limited in its current capabilities, particularly compared to newer meme coin projects like Tamadoge, which is working on a Play-to-Earn metaverse inspired by Dogecoin.
However, Dogecoin has proven it can take the world by storm and could easily do it again. So going forward, it’s one of the safest plays if you are looking for a meme crypto with less risk but lower ROI.
Bone ShibaSwap - Governance Token to Power Shiba Inu DEX
While Shiba Inu is one of the most exciting meme crypto coins this year, its growth is limited by its market cap. Because it's already one of the highest market cap meme coins, it leaves less potential for short-term gain.
However, if you believe in the power of the Shiba Inu community, you can make more significant short-term gains through the BONE token.
BONE is a governance token created by Shiba Inu that allows users to decide on the direction of the ShibaSwap DEX. As the DEX becomes more popular, BONE will increase in demand, so its price will grow with it.
ShibaSwap allows users to stake SHIB, BONE or LEASH tokens to earn liquidity. The great thing about this is that it gives the holders passive income while strengthening the DEX and making it a more prominent player in the DeFi space.
Due to the strength of the Shiba Inu community, ShibaSwap could grow to be one of the most used DEXs in crypto, and if that does happen, the price of BONE could rise significantly.
The crypto has a total supply of 230,003,023 and a market cap of $356 million. Considering Shiiba Inu has a market cap of over $5.6 billion, the coin could rise potentially rise 300% over the next bull market.
How to Find the Hottest New Meme Coins
Now that we have explained our top 10 list of meme coins, it's time for you to go out and find your own. While investing in the coins on this list may prove very profitable, you could also profit from other hot cryptos cryptos. Here are the best ways to find them:
Market Cap
The aim of the game is to get a high ROI; the easiest way to do this is by investing in coins with strong potential for growth and a low market cap. A great example of this would be Tamadoge, with a market cap of $13 million and a thriving community.
Presales
Another great indicator of a successful meme coin is a strong presale. For example, Love Hate Inu is currently having a hugely successful presale and, as a result, is being touted as one of the best meme coins to buy. The presale is also a fantastic time to get into a project at below-market prices.
Utility
Many meme coins have seen quick price surges but then fallen away due to a lack of utility, which is why it's best to look for coins that have genuine use cases. For example, Love Hate Inu has introduced an innovative blockchain voting system, while Shiba Inu is developing a layer 2 scaling solution, making them among the best meme coins to invest in for long term returns.
Conclusion
Overall, many exciting meme coins are emerging this year, and the interesting thing is that many are beginning to implement utility to set themselves apart from their competitors.
The one we are most excited about is Love Hate Inu due to its problem-solving approach to a real-world issue in a fun and inclusive way. Also, the coin is currently in its stage one presale, so it's a fantastic time to buy for a low price.
