A game is set up with a trap: KOL + DEV hunter with the formula “create FOMO effect” + “it’s okay to lose a little money playing the lottery”
In a game where the LAW is difficult to access because of certain barriers, people who lose money can hardly sue

What Are Meme Coins?

Meme coins are cryptocurrencies inspired by memes or jokes on the Internet and social media. The first meme coin created was Dogecoin (DOGE). Launched in 2013 as a parody, DOGE was inspired by the popular Doge meme of a Japanese Shiba Inu dog.

Meme coins tend to be highly volatile. They are mainly community-driven and can gain popularity overnight due to online community endorsements and FOMO. Still, their price can also slump unexpectedly when traders turn their attention to the next meme coin.

Another characteristic of meme coins is that they often have a huge or unlimited supply. For example, Shiba Inu (SHIB) has a total supply of 1 quadrillion tokens, while DOGE has no maximum supply, and over 100 billion tokens are already in circulation. As meme tokens generally do not have a coin-burning mechanism, the huge supply explains their relatively low prices. With just $1 USD, you can buy millions of meme tokens.

Meme coins might have seen exponential growth in 2021, but like all cryptocurrencies, trading and investing in meme coins carry high financial risk.

Leading the meme coin market with the highest market capitalization are Dogecoin (DOGE) and Shiba Inu (SHIB). After the success of DOGE and SHIB, a large number of dog-themed meme coins entered the market and gained traction within the second half of 2021.

PEOPLE WITH THIS MIND WILL BE SICKED

1. The hope of big profits:
One of the main factors is the hope of high profits. One can see examples of others who have been successful in investing and wish to experience similar success. This makes them unable to resist temptation and hopes that they can achieve the same success.

2. Lack of understanding and knowledge about investment:
Some people do not have enough understanding and knowledge about investing but still decide to join because of the attraction of high-profit potential. Where does the money come from xxxxx times, if everyone wins, who will be liquid in this game?

3. Psychology of depending on the crowd:
When people see other people investing and making profits, people tend to get carried away by the crowd mentality. They are afraid of missing out and don’t want to be alone or be inferior to others. This can lead to action without due diligence.

4. Ability to control:
Some people believe that they have complete control over investment results and determine returns. They have excessive confidence in their abilities and see investing as a mind game. This keeps them from seeing the real risk and is easily caught off guard.

5. Expectations:
They may be optimistic and think that losing money is an acceptable risk for their larger goals, such as achieving wealth and success.

Top 12 Meme Coins to Invest

Let us start our guide with a quick overview of the best meme coins of 2023.

1. AiDoge – Exciting new meme coin leveraging generative AI technology to create shareable memes, with users then earning rewards for the best creations. Its crypto presale has now raised over $1.2 million in just 10 days.
2. Spongebob – Spongebob token ($SPONGE) has a low total supply of 40.4 billion and launched at a market capitalization of $2.75 million, quickly increasing that almost tenfold in its first day.
3. Love Hate Inu– Meme project that has developed the vote-to-earn concept to transform the online polling market. It is heading for an imminent tier-one IEO after reaching its $10 million presale hard cap in just eight weeks.
4. Tamadoge– Leading meme coin with a growing crypto gaming ecosystem and wide utility. Also features a much smaller supply than most projects and was one of the best-performing meme coins of 2022.
5. Dogecoin– The original, largest, and most recognizable meme coin with an $11 billion market cap and a huge daily volume of more than $300 million.
6. Shiba Inu – Another huge meme coin, often described as the ‘Doge Killer’, Shiba Inu has a market cap of around $6 billion but, unlike DOGE, offers utility such as its metaverse and NFTs.
7. Floki – Fast-growing meme token with multiple utility projects, including play-to-earn games and a marketplace. Has enjoyed a solid start to 2023 with a market cap of $300 million.
8. Dogelon Mars – Community-driven meme coin built around Elon Musk’s space ventures. Current market cap of around $145 million but is down in 2023.
9. Baby Doge Coin – Hyper-deflationary meme token with its own DeFi swap platform. Also has a market cap of $300 million and has doubled in price in 2023.
10. SamoyedCoin – First meme coin built on the Solana blockchain and also features an NFT collection. Small market cap of only $13 million and up slightly in the year-to-date.
11. Hoge Finance – DeFi meme coin that incentivizes long-term investing with a tax on transactions. Had a strong surge in February but has since retraced to January prices.
12. MonaCoin – Long-established meme coin popular in Japan and used for payments. Market cap of $30 million, but not available on many exchanges.

         Spongebob

  Love Hate Inu

  Tamadoge

Wish you have a good trip!