The original meme coin – Dogecoin, was originally designed as a parody of cryptocurrencies. With that said, several meme coins – including DOGE, have not only generated significant returns for investors – but some are now multi-billion projects.
In this guide, we take a closer look at meme coins and what investors should know before buying them. We also reveal the 11 best meme coins to buy in 2023.
Top 11 Meme Coins to Invest in TodayLet us start our guide with a quick overview of the 11 best meme coins of 2023.
Anyone with the required technical knowledge can create a cryptocurrency. However, turning a cryptocurrency into a popular meme coin is an entirely different feat – and one that has only been successfully achieved multiple times.
Below, we dive into the specifics of the top 11 meme coins in today's market – evaluating the key factors that can drive their growth in the coming years.
1. Love Hate Inu – Overall Best Meme Cryptocurrency to Invest in NowLove Hate Inu is our overall best meme token to invest in – and the wider market appears to agree, with more than $1.2 million USDT in funding secured in just 10 days of its initial coin offering.
The project is already one of the best crypto presales of 2023 and is making huge waves in the space with investors excited by both the high potential of the meme coin and its central concept – vote-to-earn – which is a first in Web3.
LHINU tokens are currently on sale for $0.00009, but by the eighth and final stage, they will cost $0.000145, an increase of 61.1% before the project even reaches its IEO, where it is predicted to rocket.
Each stage lasts just 7.5 days and the whole presale will be finished by May 8. Like many of the very best meme coins in the space, the project will be in the hands of the community, with 90% of the 100 billion supply available to purchase in the presale and the final 10% reserved for liquidity on exchanges.
As the fun characterizations already show, Love Hate Inu will be producing plenty of meme-worthy and shareable content, while its community focus will also appeal to fans of meme coin projects.
Love Hate Inu will also offer answers on more serious issues and will utilize blockchain technology to give a definitive answer – with polls and surveys unable to be questioned or manipulated.
That's because users will have to stake their LHINU tokens for at least 30 days to be able to vote and earn rewards, leaving brigading activists and spam bots unable to force the outcome they want.
The online survey and polling industry is already worth $3 billion in 2023 and is expected to double by 2027, with Love Hate Inu also set to partner with other Web3 firms and brands to offer sponsored posts that further monetize the project and also offer unique rewards, while providing immutable and secure results for those asking the question.
While Love Hate Inu will manage the first set of polls, by Q4 2023, the project will be in the hands of the community – with users able to submit their own polls and the community as a whole deciding which ones should move forward.
For full information, join the Love Hate Inu Telegram group.
Presale Started 8 March 2023 Purchase Methods ETH, USDT, Credit Card Chain Ethereum Hard Cap $10,068,750 Min Investment 10 $LHINU Max Investment None 2. Tamadoge – Leading Meme Coin with Huge Utility and Gaming EcosystemTamadoge is one of the newest meme coins to hit the crypto market. The project borrows inspiration from the 'meme coin' trend but is also likely to stand out with its unique play-to-earn ecosystem that comprises the main Tamadoge game, five arcade-style games and even an augmented reality app.
The metaverse-integrated gaming ecosystem is powered by its meme coin, TAMA, which flew 1,900% from its presale price in late 2022 and has been a top 5-10 meme coin by daily trading volume ever since.
The platform will feature a gaming arcade and a virtual space called the 'Tamaverse', where players can meet and engage with other users.
Tamadoge employs play-to-earn mechanics, allowing players to generate TAMA tokens as a reward by participating in its games. Super Doge, Rocket Doge, To The Moon and Tama Blast have already been released to great feedback from the community.
To start playing games, players must first mint their Tamadoge NFT pets and use them to compete against others. As players win games, they are offered 'Dogepoints'. Those with the most points at the end of each month are rewarded with TAMA tokens.
The main Tamadoge game is next. Based on the 90s craze Tamagotchi, players breed, grow and eventually battle their pets for a place on the leaderboard and major prizes – later this year, the AR app will allow the pets to leap off the screen and explore the real world.
To play the game, Tamadoge NFTs are also needed, with the 21,100 collection enjoying some huge sales in recent months.
Although Tamadoge is relatively new, it made a huge splash in the market with its presale. Tamadoge had one of the best crypto presales of 2022, raising $19 million from early investors before pumping all the way from $0.01 to an all-time high of $0.194.
While prices have retraced amid the crypto bear market, plenty of analysts still see huge potential in TAMA in the next bull run.
As is clear, Tamadoge has a lot going for it – apart from its utility, has a supply of just 2 billion coins, extremely small for a meme coin project.
Furthermore, TAMA is also a deflationary token and every time TAMA tokens are used in the pet store – where users buy food and treats in the game – 5% of tokens are burned.
This mechanism could potentially help drive up the scarcity of this popular meme coin. Tamadoge can be purchased via leading crypto exchanges such as OKX, LBank, MEXC, and others.
3. Dogecoin – Original Meme Coin With a Significant Market CapThe very first meme coin, Dogecoin, was created as a satire of Bitcoin and was launched in 2013 and featured the image of a Shiba Inu Dog. Little did the crypto community know that DOGE would become one of the best cryptos to invest in for a huge ROI.
It continues to be the most popular meme coin and has amassed a faithful community of supporters over the years.
For those unaware, Twitter CEO Elon Musk is one of the prominent endorsers of Dogecoin. In fact, he has openly voiced his belief in this cryptocurrency via his Tweets and the billionaire has even touted Dogecoin as a serious source of payment – which has helped boost the cryptocurrency's price in the market.
Today, many online merchants and crypto gambling sites accept Dogecoin as payment. However, Dogecoin doesn't have any unique utility that gives it a competitive edge in the market.
Yet, since 2013, Dogecoin has generated a monumental return of over 28,000%. Most of this growth was achieved as recently as 2021.
Although Dogecoin lost a significant amount of value in 2022, this cryptocurrency continues to retain its position as the market leader among meme coins.
This has led many crypto analysts to believe that Dogecoin is potentially one of the best meme coins to explode in 2023, especially if the broader crypto market begins the next bull run again.
Cryptoassets are a highly volatile unregulated investment product.
4. Shiba Inu – Trending Meme Coin Known as the 'Dogecoin-Killer'Shiba Inu was created in August 2020 by a pseudonymous developer named Ryoshi. According to Ryoshi, Shiba Inu is a crypto project that is essentially an experiment in community governance and decentralization. When Shiba Inu was launched, it was branded as the 'Dogecoin-Killer'.
However, it wasn't until February 2021 that this meme coin started seeing any notable price action in the market. By October 2021, Shiba Inu had witnessed monumental growth. For instance, a single Shiba Inu token that was worth around $0.0000000002 in October 2020 was trading at around $0.000079 a year later.
This meme token is compatible with the Ethereum network, which can help propel its adoption as a payment option. The cryptocurrency has also generated interest with its Shibarium layer-2 protocol, which will function as an expanded development framework for the Shiba Inu ecosystem, facilitating faster transactions, lower fees, and scalability.
Since its all-time high back in October 2021, Shiba Inu has lost more than 85% of its value. As of writing, this token is priced at around $0.000011. Nevertheless, Shiba Inu continues to be one of the top meme coins in the market – in terms of popularity and adoption.
Cryptoassets are a highly volatile unregulated investment product.
5. Dogelon Mars – Community-Driven Meme CoinDogelon Mars was another meme-themed cryptocurrency launched in 2021. The team behind this project wanted to create a fair and transparent entry to the market and as such – opted against allocating any ELON tokens for themselves. Instead, the team sent about half of the total supply to Vitalik Buterin – the co-founder of Ethereum, who then donated it to the Methuselah Foundation.
The other half of Dogelon Mars tokens were deposited in a liquidity pool on Uniswap – via an ELON/ETH pair. The team then burned the liquidity provider tokens they received – thus demonstrating that the project isn't a rug pull.
In addition to this, the founders also encouraged the Dogelon Mars community to donate their ELON tokens to victims of scams.
The team has also announced plans to expand the Dogelon Mars ecosystem by launching an NFT collection and a new governance token. All these initiatives have helped Dogelon Mars garner noteworthy community support in the crypto market – which could help boost the price of this meme coin in the future.
6. Baby Dogecoin – Hyper-Deflationary Meme Token With a DeFi Swap PlatformBaby Dogecoin is a cryptocurrency designed by the doge meme community. According to the Baby Dogecoin whitepaper, the main purpose of this project is to spread awareness of animal adoption. Additionally, the community has also launched a token-swapping platform.
Interestingly, all Baby Dogecoin token holders receive the lowest swap fees on Binance Smart Chain on this decentralized exchange. The platform also supports the staking of many cryptocurrencies, including Baby Dogecoin. As of writing, investors can receive an APR of 64% via the BNB/BABYDOGE staking pool.
Baby Dogecoin is also designed to be a deflationary token. These tokens are burned at regular intervals – which, according to the team, will gradually tighten the supply and boost liquidity over time. In late 2022, Baby Dogecoin also announced the launch of its Onramper feature, which will allow users to buy cryptocurrencies with fiat money directly on the decentralized exchange.
7. Floki – Growing Meme Token With Multiple Utility ProjectsFloki calls itself 'The people's cryptocurrency.' The platform aims to bridge the gap in the crypto industry by creating awareness about blockchain technology and digital tokens. To do this, the platform has developed a cryptocurrency named FLOKI, inspired by memes.
Aside from this, Floki also has three utility projects in the making – Valhalla, FlokiPlaces, and FlokiFi. Valhalla is a play-to-earn, NFT gaming metaverse, while FlokiPlaces helps people buy physical goods with cryptocurrencies, with Floki tokens as the payment method.
The third endeavor, FlokiFi, is a decentralized exchange that investors can use to swap their digital assets. In other words, FLOKI tokens indeed have utility – which makes it one of the best meme coins to buy in 2023. FLOKI token is available on both Ethereum and Binance Smart Chain.
8. SamoyedCoin – First Meme Coin Built on the Solana NetworkPerhaps the most distinctive feature of SamoyedCoin is that it doesn't use the Shiba Inu breed as its mascot. Instead, it uses Samoyed, a dog breed that looks similar to a wolf. SamoyedCoin also differentiates itself by being the first meme token issued on the Solana blockchain.
This means that SamoyedCoin's transactions are more efficient when compared to other meme coins. They are significantly faster, cheaper, and more energy-efficient than both Dogecoin and Shiba Inu. As such, it isn't surprising that SamoyedCoin's main goal is to serve as an ambassador of the Solana network.
In addition to its meme token, the team has also launched a collection of SamoyedCoin NFTs. As the platform grows, the team hopes to provide its token and NFT holders with exclusive benefits. This meme coin is also deflationary in nature – which is another factor that could help SamoyedCoin become more attractive to investors.
9. Hoge Finance – Earn Passive Rewards by Holding HOGE TokensIf SamoyedCoin aims to ramp up the Solana network, Hoge Finance was developed to do the same for Ethereum and DeFi. Hoge Finance identifies itself as a community-driven crypto project that rewards its investors for holding the token. The platform achieves this by charging a 2% tax on every transaction.
A portion of this tax is burned, while the rest is redistributed to everyone with HOGE tokens in their crypto wallet. This way, Hoge Finance aims to reduce its total supply while incentivizing its loyal supporters. Hoge is also one of the only meme tokens to have had a Certik audit conducted on its code – which can help spot vulnerabilities in the program.
Banano is a meme coin that has the capability to execute transactions in seconds – and that, too, with no fees. For this reason, Banano is favored by many investors as the perfect cryptocurrency for making micro-transactions – such as tips on an online forum. Moreover, the Banano website even comes with crypto faucets – which give out BAN tokens for free.
There are also other ways to earn free Banano tokens, such as by playing games on the website or using its messaging app. What's more, this meme coin has also inspired other projects. This includes the dice game, BananoBet, and JungleTV, a video-sharing website where you can earn Banano.
Despite the fact that investors can get Banano tokens for free, this meme coin has managed to perform well in the market. In 2021, this crypto witnessed a growth of over 2,700%. As of writing, Banano tokens are trading at around $0.005 – which is 1,200% more than its presale price.
11. MonaCoin – Veteran Meme Coin Used for PaymentsAnother cryptocurrency that caught our eye when searching for the best meme coins for 2023 is Monacoin. Unlike many meme coins, MonaCoin is not a newly-invented cryptocurrency. Instead, it has been around since January 2014 and has an open-source, decentralized model.
Like Dogecoin, MonaCoin was originally created as a hard fork of Litecoin. Moreover, this meme coin is particularly popular in Japan since its logo is based on a widely recognized cat character in the country. However, MonaCoin doesn't have any other utility – other than being a viable payment option.
In fact, this meme coin is widely used on third-party mobile applications for tipping in online gaming communities. That being said, the main downside of this cryptocurrency is that there are not many exchanges that list it.
What are Meme Crypto Coins?Meme crypto coins were initially developed as a light-hearted joke. These tokens tend to be centered around a trend or a funny idea. The majority of these coins do not have any specific underlying utility. Instead, the price of these tokens is often driven by community support and celebrity endorsements.
However, over the years, some meme coins have ballooned in value, gaining multi-billion dollar market caps and attaining wide-scale adoption.
In fact, following the success of Dogecoin, crypto projects have begun developing digital tokens inspired by memes – albeit with some utility. Tamadoge is a prime example of this trend. This metaverse project was created based on the meme trend; nevertheless, the platform's TAMA has a clear utility within its gaming ecosystem.
In other words, aside from being a meme token, Tamadoge also has other factors that could potentially drive its growth in the coming years. Unfortunately, this isn't the case with most meme coins. As such, meme tokens tend to be highly volatile and unpredictable – which makes it hard for crypto enthusiasts to pick the right project to invest in.
The History of Meme CoinsJoke coins and other cryptos based on internet memes have recently gained popularity in the cryptocurrency market. Dogecoin, the original meme coin, was made in 2013 as a joke by Billy Markus and Jackson Palmer. Dogecoin was created as a parody of the Shiba Inu dog meme, which typically features comic sans font captions.
Dogecoin was created as an internet joke, but it has gained a large fan base and is now valued in the billions. Its success spawned similar meme coins like the Shiba Inu coin and the SafeMoon, both of which saw similar popularity and market value surges.
Meme coins, as they are called, are often criticized for having no real function or value beyond their meme-inspired branding. However, proponents of these tokens argue that they can help raise awareness and funds for good causes while also providing a fun and accessible entry point to cryptocurrency for newcomers.
Meme coins' initial comedic intent belies the serious role that online communities play in the widespread adoption and subsequent success of cryptocurrencies. Observing how meme coins and their influence on the market development as the cryptocurrency industry progresses will be fascinating.
What Drives the Price of Meme Coins?Meme coins, also known as joke coins or meme-inspired cryptocurrencies, have gained significant popularity in the world of cryptocurrency.
While their value is often driven by the hype and buzz generated by social media and online communities, several factors contribute to the price of meme coins.
Social Media and Online CommunitiesThe social media buzz and online community engagement surrounding meme coins often significantly impact their price. As news and discussion about a particular meme coin spread, demand for that coin can increase, driving its price.
Supply and DemandLike all cryptocurrencies, the price of meme coins is determined by supply and demand. The price will increase if more people are interested in buying a particular meme coin than selling it. Conversely, if more people are selling than buying, the price will decrease.
Adoption and AcceptanceThe adoption and acceptance of meme coins by merchants and businesses can also impact their prices. If more merchants and businesses begin accepting a particular meme coin as payment for goods and services, its value may increase as more people use it for transactions.
Speculation and investmentSpeculation and investment can also drive the price of meme coins. Some investors may see meme coins as a potential investment opportunity, hoping to buy low and sell high for a profit. This can create volatility in the market as the price fluctuates based on investor sentiment.
Deciding Whether to Invest in Meme CoinsAccording to CoinMarketCap, there are over 340 meme coins trading in the crypto market today. This can make it overwhelming, even for experienced investors, to assess which are the best meme coins to buy for their portfolio.
In this section, we cover several factors that can help investors decide whether or not they should consider purchasing meme coins.
High Upside PotentialIt is impossible to overlook the monumental returns generated by some of the popular meme coins in the past. As we have already noted, Dogecoin and Shiba Inu set records in the crypto industry – by skyrocketing in value within a short period of time.
A new meme coin presale, Love Hate Inu, raised more than $120k on its first day and has now raised more than $880,000 in just a week since it first launched, signaling the huge investor appetite for the project and its novel vote-to-earn concept.
However, investors should also remember that bull runs won't happen with every meme coin after presale, and therefore, should proceed with caution.
Consider the Community SupportOne of the main reasons why Dogecoin and Shiba Inu performed well in the market is because of the backing from their respective communities.
This indicates that meme coins that have sizable community support have a better chance of generating notable returns and growth.
Some of the top meme coins on our list are popular among crypto enthusiasts. For instance, despite being a new crypto on the market, Tamadoge already has close to 70,000 followers on Twitter.
Having a community that's passionate about the project can help instill trust and build awareness about a meme coin.
Discussions on Social Media and Online ForumsWhen it comes to meme coins, social media mentions and Reddit forums can dictate how these cryptocurrencies perform in the market. For instance, in 2021, Dogecoin was pumped by a Reddit group called SatoshiStreetBets. Following this frenzy, Dogecoin's value shot up in the market making it one of the best Reddit cryptos to invest in.
Similarly, Elon Musk's tweets about Dogecoin also helped this token gain more exposure. The same happened with Shiba Inu. Given this history, it is important to consider social networks to get an impression of the market sentiment towards a specific cryptocurrency.
Unique PropositionAs we have already established, the majority of meme coins don't have any utility. Even some of the most popular meme coins, such as Dogecoin and Shiba Inu, don't bring anything new or unique to the table.
However, from our list of meme coins, there are a few, such as Love Hate Inu, Tamadoge, Baby Dogecoin, and Floki, that offer benefits to their investors in one way or another.
These cryptocurrencies have a better chance of sustaining in the market, even if the meme trend dies down eventually. Therefore, when looking for meme coins that will explode, investors should pay close attention to the utility of the token.
VolatilityWhile there are potential upsides to investing in meme coins, it is also important to understand the risks.
The crypto market is volatile – however, meme coins are considered to be particularly unpredictable in nature, as their prices are often driven by social media frenzy.
In fact, meme coins have been known to explode or crash at a moment's notice. Given the nature of meme coins, investors should only inject money they can afford to lose on these cryptocurrencies.
How to Buy the Best Meme Coin – Love Hate InuAs we noted in our guide, Love Hate Inu is one of the best meme coins to buy now – it has managed to garner significant interest from the crypto community and has already raised more than $850k in just a week since launching.
With this in mind, we have included a step-by-step guide on how to buy LHINU tokens.
Step 1: Set up Crypto WalletBefore getting started, investors need to download a crypto wallet and set up an account to store their tokens. MetaMask and Trust Wallet are two leading examples – and both are free – although there are plenty of others available.
They can be downloaded as a browser extension or via any app store.
Step 2: Purchase ETH or USDTInvestors need to hold ETH or USDT in their crypto wallet to then convert into LHINU.
Both MetaMask and Trust Wallet allow users to purchase the tokens directly on the wallets, alternatively, investors can purchase ETH or USDT via a trusted crypto exchange/broker and then transfer it.
Note that Ethereum gas (transaction) fees will apply to the LHINU purchase so some ETH must be held in the wallet.
Step 3: Connect and Purchase LHINUWhen there is ETH or USDT in the wallet, visit the Love Hate Inu website and click 'Connect', then complete the sign-in process.
Next, select 'Buy with ETH' or 'Buy with USDT' and in the box input the number of LHINU tokens you wish to purchase or the amount you wish to spend.
After confirmation, another box will appear to then confirm the ETH gas fee, so leave a small amount off the purchase to cover that.
Step 4: Claim LHINU TokensAfter the purchase is complete, LHINU tokens can be claimed once the presale ends on May 8.
They will be stored on the Love Hate Inu website until then, with claiming details to follow closer to the time.
Where to Buy Other Meme CoinsWhen electing to invest in meme coins, such as Dogecoin and Shiba Inu, the process can be carried out via a regulated crypto broker. eToro is a reputable online trading platform that supports a variety of assets, including cryptocurrencies. It is regulated by the SEC, ASIC, FCA, and CySEC.
eToro lists more than 70 cryptocurrencies, which includes leading digital tokens, as well as newly launched projects. Moreover, eToro features crypto Smart Portfolios.
These are baskets of cryptocurrencies created based on a theme or common denominator – such as the top digital tokens by market cap. Smart Portfolios allow investors to diversify into the crypto industry without having to do any of the legwork.
eToro's Copy Trading feature is also a handy tool for new investors. On eToro, investors can start buying cryptocurrencies from just $10. There are multiple payment methods supported – from credit/debit cards and e-wallets to conventional bank transfers.
Crucially, when depositing US dollars, eToro doesn't levy any payment processing fee at all. The broker also has a competitive fee structure for trading crypto – at a flat 1% commission plus the spread.
If needed, investors can also download the eToro Money app to their phone – which will function as their private digital wallet for storing cryptocurrencies.
Cryptoassets are a highly volatile unregulated investment product.
Are Meme Coins Safe and Legal?Meme coins have become increasingly popular in cryptocurrency, but their safety and legality are still a matter of debate. Here are some key points to consider:
Safety concerns: Meme coins are generally considered to be high-risk investments due to their volatile nature and lack of fundamental value.
Their prices can fluctuate wildly based on social media hype and other factors, and there is no guarantee that investors will make a profit. Additionally, meme coins are often created without proper due diligence or oversight, increasing the risk of fraud and scams.
Legal status: In some jurisdictions, meme coins are considered legitimate forms of cryptocurrency and are subject to the same regulations as other cryptocurrencies. However, meme cryptocurrencies may be subject to stricter regulations.
ConclusionWhile meme coins have the potential to bring notable gains to investors – they are also volatile and risky. Therefore, when considering buying meme coins, investors should explore their financial goals and risk threshold.
On top of this, it is also important to choose a cryptocurrency that offers some kind of value to its investors. In this regard, we found that Love Hate Inu has all the right elements to become one of the best meme coins to buy now
Although a meme coin, Love Hate Inu has exciting utility with its novel vote-to-earn concept, which is set to revolutionize the $3 billion online polling industry.
More than $1.2M has been secured in the LHINU token presale in just over a week, with investors rushing to secure tokens in stage 2 of 8 – especially with the price set to increase by 61.1% during the stages.
FAQsWhat is the best meme coin to buy?
Unlike the majority of meme coins in the crypto market, Love Hate Inu is a project with real-world utility behind it. It has developed the vote-to-earn concept that will revolutionize the $3 billion online survey and polling industry, allowing its users to earn rewards just for voting.
Which meme coin has the most potential?
Love Hate Inu appears to be one of the few meme coins to have a solid upside potential. This is because the meme coin also offers utility, with its vote-to-earn mechanism as well as meme coin potential as some of the polls will be on meme-worthy and shareable content.
Which meme coins will explode in 2023?
Love Hate Inu is one of the best meme coins to invest in 2023 – the vote-to-earn project has already raised more than $1.2M during its presale having only just launched a week ago.