5 Crypto Meme Coins You can Add to your Portfolio

What is a Meme Coin?

A crypto meme coin is a type of cryptocurrency that is created and popularised primarily through internet memes and viral memes. These coins often have a low market value and are used as a form of digital collectable or for speculative investment.

Examples of crypto meme coins include Dogecoin, which was created as a parody of Bitcoin and gained widespread popularity due to its association with the popular Doge internet meme, and MemeCoin, which was created to gain fame on the internet.

These coins are often seen as more of a social phenomenon than serious investments and are highly volatile. They can be considered a high-risk investment since they do not have a fundamental value.

Some Meme Coins seem to stay in the spotlight and can present a tremendous opportunity for 2023. Let’s take a look at the top 5 Meme coins you can add to your portfolio for 2023.

Bonk (BONK)

BONK is a crypto meme coin that was created as a joke but quickly gained a fanbase and real value. It was created as a parody of the popular Dogecoin and was inspired by the internet meme “bonk.”

This coin is not intended to be taken seriously and is not recommended as a serious investment. It is, however, traded on some decentralised exchange, and its value is determined by the buyers and sellers in the market.

Some people use it for fun and as a form of online community and entertainment. Many people are buying and selling BONK for the sheer joy of it.

Even if Bonk is becoming more popular, it will be interesting to watch if the token emulates other meme coins.

The current price of Bonk is $0.000001539, with an $86 million market cap and a 20.5% decrease in 24-hour trading volume. It is currently worth $191 million. The circulating supply is roughly 56,000,000,000,000 BONK at the same moment.

Dogecoin (DOGE)

Dogecoin often referred to simply as “DOGE“, is a cryptocurrency that began as a joke and has since become a popular meme coin. The coin was created in 2013 as a parody of Bitcoin, with its mascot being the Shiba Inu dog from the “Doge” internet meme.

Despite its origins as a joke, Dogecoin has seen a surge in popularity and value in recent years, and it has been used for a variety of purposes, including charity donations, online transactions, and speculative investments.

However, it is highly volatile, and the value of the coin can go up and down rapidly.

At its current price of $0.07669, Dogecoin has a $10.1 billion market cap and a 1.57% increase in 24-hour trading volume, currently at $812 million. At the same time, there are roughly 132,670,764,301 DOGE in circulation.

Shiba Inu (SHIB)

Shiba Inu (SHIB) is a meme-inspired cryptocurrency that was created as a fork of Ethereum. The coin was launched in August 2020 and was created to pay homage to the popular Shiba Inu dog breed that is often featured in internet memes.

Shiba Inu gained notoriety for its high volatility and fast price movements, and it quickly became one of the most talked-about crypto assets in the market. It also has a strong community of holders who are often referred to as the “SHIB Army”.

Shiba Inu’s price is highly unpredictable, and it is considered a high-risk investment, like most other meme coins in the market.

Currently trading at $0.000009025, Shiba Inu has a $5 B market cap and a 70% increase in 24-hour trading volume. Its current value is $199 million. At the same time, there are roughly 549,063,278,876,303 SHIB in circulation.

Floki Inu (FLOKI)

Floki Inu is a meme coin created to pay homage to the popular “Doge” coin, also featuring a Shiba Inu as its mascot. It has a low market cap and price and has seen high volatility in recent months.

It is not considered a reliable investment, and its value is largely based on speculative trading and market sentiment. As with all crypto assets, it is important to research and understands the risks before investing.

With a market capitalisation of $74.4 million and a 24-hour trading volume up by 28%, the price of Floki Inu is currently $0.00000823. It is currently worth $1.9 million. At the same time, there are roughly 9,060,943,334,245 FLOKI in circulation.

Samoyedcoin (SAMO)

Samoyedcoin is a crypto meme coin that is named after the Samoyed dog breed. It is a relatively new coin that is gaining attention in the crypto community for its unique and playful branding.

The coin has a small market cap and is still considered a high-risk investment by many. However, its popularity is growing amongst crypto enthusiasts and is being traded on multiple crypto exchange platforms.

It’s still a new coin in the crypto market, and both its market price, and value are highly volatile and affected by news and speculation.

The price of Samoyedcoin is currently $0.004301, with a market cap of $15.7 million and a 24-hour trading volume that has increased by 47.73%. It is currently worth $2.1 million. At the same time, there are roughly 3,657,134,486 SAMO in circulation.