A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim Farooque is a keen investor and an optimist at heart. Find out which meme coins are best, and the best crypto exchanges where you can buy them. On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. Though they began as a joke, meme coins are now some of the most valuable, and fast-growing cryptocurrencies available.
A DAO will allow the ecosystem to be optimized without any intermediaries.īillionaire Mark Cuban commented on DAO’s and described them as “the ultimate combination of capitalism and progressivism.” Though HOGE has gone through some negative swings of late, once its price settles down, it may be worth some chump change. When compared to cryptocurrency exchanges, traders might find brokers to be more useful for trading. Despite being joke or shit coins, various meme tokens have recorded tremendous growth. From Dogecoin to Shiba Inu and other meme tokens, crypto memes are cryptocurrencies inspired by internet memes, jokes, or ideas. This is the way a buyer meets a seller, and the crypto exchange charges a fee. Meme coins are some of the most trendy cryptocurrencies to erupt from the cryptocurrency space. These are platforms that use an order book mechanism for each trading pair. Hence, it’s one of the few meme tokens with some fundamental stability.įurthermore, its community team has been looking to sign partners and design a Decentralized Autonomous Organization (DAO). Another way to trade meme coins is to use a cryptocurrency exchange. It is one of the select few meme coins that completed the Certik audit. Hoge Finance is a community-driven decentralized finance (DeFi) token with a deflationary supply. With that being said, let’s look at some cryptos that could gain immensely this year: Therefore, having a small holding of such coins in your portfolio could result in some incredible gains. Moreover, Shiba Inu gained more than 500% at its peak. Though serious crypto investors would want to stay away from such investments, these coins can be highly lucrative over short periods, resulting in massive gains.įor instance, we saw how Dogecoin’s price shot up over 1,500% in 2021. The greatest feature is that Floki Inu has performed consistently well since its founding. Even so, it has the possibility of staying up in this highly unstable bear market. It is not as well-known as Dogecoin or Shiba Inu. These cryptos are inspired by internet memes and often start as jokes. Floki Inu is indisputably one of the crypto coins to keep tabs on in 2023. Meme coins don’t have a lot of use cases, if any. Cryptos are down significantly today, but with such massive gains last year, investors will be likely to make the jump into the next meme coin. Additionally, meme coins experienced tremendous growth throughout the year from the activities of social media influencers and retail traders. 2021 was a massive year for the crypto market.
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