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Due to the potential of achieving returns as high as 500% or even more, memecoins have often garnered significant attention within the crypto community. Investors trade memecoins for quick profits.
Within a span of just a few months, select top memecoins have delivered substantial returns. Considering the inclusion of memecoins in your investment portfolio as part of a diversification strategy can be a wise decision.
In this article, we’ll highlight the five best memecoins worth considering for investment in 2023. Keep reading as we examine their distinctive features, how they could potentially reshape the cryptocurrency landscape, and why they might be viable options for long-term investments this year.
Wall Street Memes
Wall Street Memes, introduced in May 2023, quickly became a highly popular memecoin with over one million community members even before its official launch. Its viral posts attracted many investors, traders, and notable figures, like Elon Musk, although Musk isn’t directly associated with the memecoin.
His interactions, however, fueled the growing excitement about the project. $WSM is the core memecoin for the Wall Street Memes project, a decentralized meme platform built on the Ethereum blockchain. Buy $WSM on OKX here.
Following a successful presale, $WSM is now listed on ten centralized exchanges and is also available for trading on Uniswap. Gate.io is the latest addition to the exchanges featuring $WSM markets. As of now, $WSM is trading at $0.052, with a 24-hour trading volume of $39.05 million, showing a 2.42% increase in the last 24 hours.
The Wall Street Memes team has been quietly developing a new product, which they have not yet revealed. Their initial move in this series of product releases was the introduction of their staking service. Presently, approximately 456 million tokens are staked, indicating strong ongoing support for the project among token holders.
Stakers are required to lock up their funds for a minimum of 7 days but can withdraw them at any time afterward. This staking arrangement offers an attractive annual percentage yield of 44%. The Wall Street Memes $50,000 giveaway program is currently active on Gleam and has gained significant attention in the meme coin community.
The program has seen a high number of participants, and the prize pool will be divided among five lucky winners. Moreover, more giveaways and airdrops are planned for the near future to encourage long-term token holding and community growth. Notably, 30% of the project’s token supply is allocated for community rewards.
Dodgecoin
Dogecoin, the original meme coin, remains one of the most well-known tokens in the crypto world. It has a substantial market cap of nearly $10 billion and a large number of token holders. Dogecoin was launched in 2013 as the first-ever meme coin.
Despite its humorous origins, Dogecoin functions more efficiently than older blockchains like Bitcoin and is often seen as a practical choice for transactions. At present, Dogecoin’s price is $0.061442, with a 24-hour trading volume of $339.48 million and a market cap of $8.68 billion.
In the last 24 hours, its price increased by 0.43%. According to technical analysis, it’s expected to rise by 0.13% and reach $0.061267 by October 11, 2023. The current Relative Strength Index (RSI) value is 42.62, indicating a neutral market position for $DOGE.
For the complete list of the five best memecoins to buy in 2023, watch the video above and subscribe to his YouTube channel for more crypto-related videos. Jacob Bury also runs a Discord group with 17,000 members, where you can get trading tips and stay informed about upcoming crypto presales.
Meme Kombat
The next best meme crypto to keep an eye on is Meme Kombat. In contrast to other meme coins, Meme Kombat is constructing a comprehensive ecosystem that offers various opportunities for earnings through staking and participation in a play-to-earn (P2E) game.
Central to Meme Kombat is the creation of a battle arena, where avatars representing popular meme coins will engage in combat. Using the $MK token, players can stake and place wagers on multiple events within the battle arena, encompassing both player vs. player (PvP) and player vs. game (PvG) battles.
Additionally, players can bet on various aspects of battles, including overall outcomes, initial moves, and various in-game events. Meme Kombat maintains a relatively low token supply of just 12 million tokens. Half of this token supply is allocated to the ongoing presale, where investors can acquire $MK for a mere $1.667 per token.
We still believe in you, Uptober 👊#MemeKombat pic.twitter.com/wHitpeg81g
— Meme Kombat (@Meme_Kombat) October 6, 2023
Tokens purchased during the presale are automatically staked within a staking contract. After the presale concludes, token holders must lock up their tokens within the staking contract for a minimum of 14 days to access the attractive Annual Percentage Yields (APYs), with presale stakers enjoying a 112% APY.
It’s worth noting that the entire token supply will be distributed within the community. While half is available during the presale, 30% will be distributed as staking and battle rewards, and the remaining 20% will be divided between DEX allocation and community rewards.
Remarkably, Meme Kombat stands out by having a transparent and publicly disclosed team, a rarity among meme projects. The battle arena P2E game is planned to be released in seasonal modes, with the first season expected to launch by the end of 2023, featuring various battle modes and leaderboards. Take part in the $MK presale at memekombat.io.
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