Meme coins are different from Bitcoin and other altcoins. They are the products of genius mindsets. Here, a viral meme, or rather, a virtual animal is smushed into a cryptocurrency. The result is a coin/token that enables investors to gain great returns. It is possible to invest/trade in meme coins on the globally well-known platform, bitcoin-storm.live.
Every meme coin has a large fan following in the form of a community. These communities fervently promote meme coins, such that there is mass adoption across the globe. Of course, it helps that every meme coin is user-friendly, fun to look at and use, and often displays excellent real-world utility. Experts suggest that the most profitable meme coins for 2023 are Shiba Inu (SHIB), Dogecoin (DOGE), and Big Eyes Coin (BIG).
SHIB (Shiba Inu)
Investors have given Shiba Inu a name – Doge Killer. It is because it has always presented itself as a fierce rival to Dogecoin. According to CoinMarketCap, Shiba Inu stands 13th on its list. Furthermore, the coin has offered excellent gains to investors in recent times.
The decentralized digital currency came into being in 2020. An anonymous individual, going by the name of Ryoshi, launched it. At that time, there were around one quadrillion tokens in circulation. It was possible to exchange SHIB tokens with ERC20 tokens associated with the Ethereum ecosystem. However, the initial supply has lessened due to spurts of burning SHIB tokens. The idea was that the lesser the supply, the higher the value of the remaining tokens.
Two other tokens relate to the Shiba Inu ecosystem. One of them is LEASH. The other one is BONE, which is listed on the ShibaSwap platform. It refers to a governance token. Users of the ShibaSwap platform have the right to vote on proposals related to future projects. In other words, they are free to express their opinions.
CoinMarketCap puts Dogecoin in the 9th position since it has provided yields between 15% and 20%, in recent times. No one can believe that this meme coin was ridiculed as a joke when it launched in 2013. After all, it rates high among the most popular coins in the world. The coin’s progress has received further impetus with an endorsement provided by the famous entrepreneur, Elon Musk. He promoted Dogecoin on Twitter, thereby leading to an increase in the coin’s fans. It helped that Musk’s Tesla company accepted DOGE as a legal method of payment.
Like Shiba Inu, Dogecoin has a community that is devoted to its welfare. Thanks to the members’ devotion and encouragement, DOGE reached a market valuation of over $85 billion in 2021. The company also sponsored shirts for the Watford Football Club, then. Both Shiba Inu and Dogecoin have one thing in common. They have a specific Japanese breed of dog as their central theme.
BIG (Big Eyes Coin)
It is different from Shiba Inu and Dogecoin. It features the logo of a cat, instead of a dog. The cat-loving community has already fallen for it in a big way. It could do nothing else after having witnessed the huge profits garnered at the token’s presale. The figure was an astounding $18.5 million.
No other cryptocurrency has been able to match this figure thus far. The success has prompted the company to set a goal of $50 million in future presales. After all, the first presale took place in December 2022. BIG was released to the public in January 2023.
The company communicates regularly with the fans of BIG on the Twitter platform. It also sets up interesting competitions, such that participants may look forward to receiving good rewards. However, the biggest attraction for people wanting a better world is Big Eyes Coin’s devotion to the oceans across the globe. The company wishes to preserve the aquatic environment to the best of its ability.
The competitions help in gaining funds for the world of decentralized finance. Around 5% of the company’s earnings, in the form of BIG tokens, go into a charity wallet. This wallet is visible, especially to charity organizations helping oceans and the aquatic life within them to survive. This kind of generosity is sure to help Big Eyes Coin race ahead of its rivals.