Meme coins are cryptocurrencies with no utility or intrinsic value. Usually, they are associated with Internet memes, jokes, statements of famous people, etc. They may or may not have their own blockchain. The first meme coin was Dogecoin created in 2013. The coin is based on its own blockchain, which, in turn, was developed on the BTC blockchain basis.
We’ve created a rating of meme coins in 2021. The main parameter for compiling a rating is the coin’s popularity on social networks. Meme coins are often perceived as a joke, but at the same time, some investors see the potential for earning on them. Such assets usually cause a lot of hype around themselves, and many people have actually received real income from such investments. Let’s consider the top 10 best meme coins in 2023!
#1 Dogecoin (DOGE)
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- Token’s rate: $0.216
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- Market cap: $28,581,902,482
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- Social activity: 77,230
The cryptocurrency was named after the Internet meme about the Japanese Shiba Inu dog and is based on its own blockchain. The face of this dog is on the logo of the coin. Dogecoin does not have a maximum limit, unlike Bitcoin, the issue of which is limited to 21 million coins. Dogecoins are also mined through mining. The cryptocurrency, launched in 2013, had a value of less than 1 cent by 2019. However, in April, after being listed on Coinbase, Dogecoin climbed to 40 cents and hit an all-time high of 70 cents in May. After that, however, the rate dropped again.
#2 Shiba Inu (SHIB)
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- Token’s rate: $0.00004741
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- Market cap: $26,010,546,982
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- Social activity: 47 764
SHIB token was created following the example of Dogecoin, but with a couple of key differences. Firstly, the coin is based on the Ethereum blockchain. Secondly, the issue is limited to 1,000,000,000,000,000 tokens. In addition, Shiba Inu strives to become a more sustainable project in the long term by launching additional products such as a DEX. The team burned half of the issue by sending the tokens to Vitalik Buterin’s wallet, who later donated them to charity.
#3 Dogelon Mars (ELON)
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- Token’s rate: $0.000001633
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- Market cap: $906,520,072
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- Social activity: 22,971
The project was created due to Elon Musk, who regularly influenced the memecoin rates by his tweets. But the developer also claims that his name is Elon. In addition, he states that this is not a memecoin at all, but a token with a certain future development. Like Shiba Inu, the co-founder of Dogelon Mars (ELON) sent half of the tokens to Vitalik Buterin. The main idea of the project is to help people who have suffered from scam.
#4 Hoge Finance (HOGE)
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- Token’s rate: $0.0003904
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- Market cap: $157,208,781
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- Social activity: 21 628
HOGE is an ERC-20 token that is subject to a 2% fee on each on-net transaction. Part of this fee is burned, while the other part is sent to the current token holders. There was no initial allocation among the developers. The project focuses on the community, which must work together to achieve common goals. As conceived by the developers, HOGE should become a brand that will be the ‘face’ of Ethereum, just like Mickey Mouse is the face of Disney.
#5 100xCoin (100X)
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- Token’s rate: $0,000000003713
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- Social activity: 4 678
100xCoin is a token with automatic liquidity and deflation, launched in April 2021. It was found to create transparent, reliable tokenomics that would benefit long-term holders. The project has a mobile app and a sufficient initial development budget that makes it stand out. The 100xAltbase app is used to buy and sell altcoins and memecoins on the Binance Smart Chain.
#6 HODL 2.0 (HODL)
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- Token’s rate: $0.000000006794
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- Market cap: $5,124,215
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- Social activity: 1,655
HODL (version 2) is a DeFi community-driven project supporting the core mechanism: the ability to earn BNB by holding a HODL token. The reward is provided through 10% transaction fees, of which 4% goes to the BNB fund, 4% provides liquidity, and the remaining 2% is distributed among the holders. 23.6% of the total initial issue of the asset was burned after launch.
#7 ElonGate (ELONGATE)
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- Token’s rate: $0.0000000799
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- Market cap: $38,001,739
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- Social activity: 1,655
The ElonGate project was launched as a meme inspired by Elon Musk’s tweet. However, since its launch, the project has enjoyed a community of more than 400,000 holders. As stated, ElonGate is involved in charity work, donating up to 80% of tokens to various promotions. The developers state that more than a million dollars have been donated to charity in the first month of operation.
#8 Australian Safe Shepherd (ASS)
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- Token’s rate: $0.000000003171
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- Market cap: $31,707,920
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- Social activity: 1,217
Australian Safe Shepherd is a meme token, a fork of another well-known project, SafeMoon. ASS token is fully community-driven and has been launched with no initial allocation to creators. Every trade on the network continues to generate liquidity locked inside PancakeSwap pools automatically. Holders receive passive rewards through static reflection. In just seven days of the project’s existence, the number of participants exceeded 60,000.
#9 CumRocket (CUMMIES)
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- Token’s rate: $0.02791
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- Market cap: $36,854,746
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- Social activity: 1,191
The СumRocket platform is designed to download and monetize 18+ content. The token rewards its holders simply for not spending it. Also, CumRocket (CUMMIES) content providers can receive donations from viewers in CUMMIES tokens. The developers plan to create an NFT marketplace and a platform where creators could set a monthly/annual fee for private content. Paying for adult content in cryptocurrency form ensures anonymity for both buyers and content creators.
#10 Pig Finance (PIG)
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- Token rate: $0.0000001411
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- Social activity: 810
PIG is a BSC token that exponentially reduces supply by large amounts. In addition, PIG combines this feature with an automatic liquidity function that rapidly increases the token’s liquidity. The project strives to decentralize maximum reach massively. Liquidity is locked in the РancakeSwap protocol, with 100% of the primary issue staked in it. No wallet contains more than 1% of the Pig Finance token supply, and no transaction can contain more than 5 trillion tokens.
Conclusion
The attitude towards memecoins from the rating is pretty ambivalent. Part of the crypto community finds them amusing parodies of cryptocurrencies. At the same time, others do not miss an opportunity to earn extra money on exchange rate volatility. Many companies accept these coins as payment to keep up with trends.
What other popular memecoins do you know? Feel free to share your knowledge in the comments below!
Disclaimer
This article is not an investment recommendation. Investors should take into account that the cryptocurrency market is very risky, and they make their investments at their own peril and risk.
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