- 5 best meme coins to invest in July are DOGE, SHIB, PEPE, FLOKI, AIDOGE.
- The overall meme coin market cap is $14.8 billion.
The popularity of meme coins has soared since the emergence of the Twitter CEO Elon Musk favourite Dogecoin (DOGE), captivating the crypto world with their unique appeal. Also, the cryptocurrency landscape is dynamic, which is constantly introducing new coins to the market. Among these, meme coins have gained significant traction, due to their social media trends.
However, during this crypto spring, seasoned crypto investors often wonder about the meme coins that offer the potential for achieving significant gains, with some aiming for at least a 10x return.
This article presents a concise overview of the 5 best meme coins that are Shiba Inu, Dogecoin, PEPE, FLOKI, and ArbDoge AI to consider for investment in 2023. Drawing from the insights of crypto insiders, market trends, reputable media sources, and specialized analysts, these coins exhibit potential for growth and widespread adoption.
Dogecoin (DOGE)
- Market Cap: $8.7 billion
- Trading Volume 24-H: $265 million
Dogecoin is the first meme token that entered the crypto market and gained attention since 2021 due to the endorsements from celebrities like Elon Musk. Following that, DOGE market cap surged to highs and became a 10 cryptocurrencies list.
At the time of writing, DOGE/USD spot price was $0.06272 with a price surge of over 4% in the last 14 days. But the Dogecoin price declined around 3% in a day and 8% in a week. However, DOGE is currently in oversold state which means DOGE sends out a buy signal.
Shiba Inu (SHIB)
- Market Cap: $4.2 billion
- Trading Volume 24-H: $1.3 million
Shiba Inu coin, also known as $SHIB, has surged in popularity by leveraging its connection with the SHIB Army. The meme token was launched in 2020, with the aim of creating a decentralized platform driven by its community of token holders.
However, the whole Shiba Inu community is awaiting for the upcoming layer 2 blockchain “Shibarium,” which is currently in puppy version. Also, crypto investors believed that the Shiabrium will be most effective in SHIB price.
According to CoinMarketCap, Shiba Inu traded at $0.000007262 with a price rally of more than 10% in the last 14 days. At the time of writing, Shiba Inu price fell around 2% in the last 24 hours.
Pepe Coin (PEPE)
- Market Cap: $595 million
- Trading Volume 24-H: $157 million
Pepe Coin, is new meme cryptocurrency, that generated significant excitement and swiftly reached a market capitalization of $1.6 billion. Also, PEPE investors gained more than 90% of returns.
Nevertheless, a recent decline of approximately $1 billion in market capitalization underscores its short-term nature and highlights the inherent volatility of the cryptocurrency market.
But still, crypto investors have faith in the meme coin. At the time of writing, $0.000001422 with a price surge of more than 64% in the last 24 hours. However, Pepe also traded down today around 8% due to the market volatile.
Floki (FLOKI)
- Market Cap: $238 million
- Trading Volume 24-H: $17 million
In the top 5 meme cryptocurrency list we have FLOKI in 4th place. FLOKI is a groundbreaking meme coin that takes inspiration from Elon Musk’s dog. Combining elements of decentralized finance, non-fungible tokens (NFTs), and the Metaverse. Also, recently the altcoin gained momentum while Musk’s dog grabbing Twitter CEO title.
According to CoinMarketCap, FLOKI currently traded at $0.00002397 with a price increase of 14% in the last two weeks. Today FLOKI price declined by 5%
ArbDoge AI (AIDOGE)
- Market Cap: $31 million
- Trading Volume 24-H: $5 million
ArbDoge AI is not a conventional project but rather an experiment within the Arbitrum ecosystem. Also, the newly launched AIDOGE obtained a positive response from the Arbitrum community.
At the time of writing, ArbDoge traded at $0.0000000001477 with a price surge of around 3% in the last 24 hours. Also, AIDOGE price declined over 14% in the last two weeks.
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