What are Meme coins?
Cryptocurrencies that don’t have much utility but have made an impression on the market are called Memecoins. Many crypto projects like Shiba Inu and Dogecoin fall into this category as they are clearly based on the speculations. We found the top 5 meme coins that have made the crypto community buzz and might explode in January 2023.
Top 5 Meme coins to explore
Dogecoin
Dogecoin is one of the top meme coins that has provided investors with huge returns. From just a joke to one of the most popular cryptocurrencies, DOGE has witnessed immense growth. Its efficiency is one of the factors that will lead Dogecoin toward a bullish run.
Latest Bullish Updates:
- After the introduction of “cashtag” for Dogecoin, the token’s current market value is witnessing a price surge.
- Network updates and plans to include DOGE on Robinhood supported a bullish end to the week
Shiba Inu
Just like Dogecoin, Shiba Inu is also a meme coin. It was launched in 2020, and since then, its popularity has been hard to deny. Its latest metaverse project, Shiberse, and the launch of Shibarium make it one of the best meme coins in January 2023 that might explode.
Latest Bullish Updates:
- Meme crypto Shiba Inu’s price rallied more than most coins in the top 20 over the past week
- Shibarium will positively impact Shiba Inu’s ecosystem with faster transaction times and lower fees
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Akita Inu
Akita Inu is yet another meme-based and 100% decentralized community experiment. In the past 7 days, this Shitcoin has witnessed a price surge of 46.60%. Currently, AKITA is trading at $0.0000002186 with a 24-hour trading volume of $1,282,954.
Latest Bullish Updates:
- The total supply of AKITA tokens is 100 trillion, which is one-tenth of the availability of SHIB tokens
- AKITA tokens have various token metrics than Shiba Inu tokens
Safemoon
SafeMoon is a shitcoin that was designed to encourage long-term investment. The platform plans to develop by offering a P2E metaverse gaming platform, providing additional rewards for SMI token holders. According to the SafeMoon website, SafeMoon has three functions that take place during each trade: Reflection, LP Acquisition, and Burn.
Latest Bullish Updates:
- The new version reacts better to the threats that interact with smart contracts and blocklists them
- The rate drop of the product from 10% to 2% will enable users to utilize SafeMoon as a utility token
Babycake
Baby Cake is a BEP-20 token on the Binance Smart Chain. The all-time high price of Baby Cake is $0.001006858409 on Jul 23, 2021. It benefits from low fees and high throughput on this exchange. At present, the coin is hovering around $0.0000001227 making it one of the best meme coins to consider this week.
Latest Bullish Updates:
- Baby Cake is on the rise this week
The post Top 5 Meme Coins That May Explode In January 2023 appeared first on CoinGape.
