Top 8 Meme Coins Worth Investing In March 2023
Although meme coins typically focus on entertainment purposes rather than serving as a serious alternative to traditional currency, some have attempted to pivot and provide token utility. With the ability to tap into a broad audience outside of the cryptocurrency market, meme coins have been successful investments for some during the 2021 bull run. The following coins are recommended for investors interested in the ongoing meme coin space:
1. Metacade (MCADE) – A GameFi project that serves as a good investment for those interested in meme coins due to the possibility of launching integrated meme coin projects. Metacade offers a play-to-earn (P2E) arcade and a rewards system that allows users to earn through various play styles, along with staking options for MCADE token holders.
2. Dogecoin (DOGE) – Despite being created in 2014 as a joke coin with limited utility compared to other tokens, Dogecoin has a strong community propelled by positivity and charitable work. The project remains popular and resilient, with backing from billionaire Elon Musk.
3. Shiba Inu (SHIB) – Regarded as a ‘DOGE-killer,’ Shiba Inu is on the Ethereum blockchain and has launched Shiba Swap to provide greater use cases for the token. The project has expanded into NFTs and incubators to encourage creativity.
4. Dogelon Mars (ELON) – With a lack of utility, Dogelon Mars looks to capitalize on Elon Musk’s involvement in the crypto space, and has partnered with the Methuselah Foundation through donations.
5. Baby Doge Coin (BABYDOGE) – Featuring a 10% fee on every trade with proceeds going towards token liquidity and remaining holders, Baby Doge Coin competes through social media marketing.
While meme coins may not offer the same level of utility as other tokens, their potential to tap into a broad market makes them viable investments. Investors may consider including meme coins such as these in a well-balanced portfolio alongside more serious Web3 platforms.
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