2023 has been a very successful year for top-tier cryptocurrencies.
Bitcoin (BTC) is up a staggering 80% year to date.
Ether (ETH) is up 58% over the same time period.
But the picture has been more mixed for meme coins.
Some have done very well, but others have struggled, suggesting that risk appetite remains cautious and that the animal spirits have yet to fully return to the crypto space, despite the strong performance of majors. coins.
Let’s take a look at the outlook for some of the top tokens with 10 meme coin price predictions for 2023.
Dogecoin (DOGE)
Despite the fact that blue chip cryptocurrencies like bitcoin have been seeking new yearly highs recently, the outlook for the crypto market’s largest meme coin remains bearish.
Dogecoin has remained stuck below most of its major moving averages and below a downtrend since 2021 all-time highs.
The hype that Elon Musk could somehow integrate Dogecoin into a future Twitter payments system has all but dried up.
Dogecoin is facing significant resistance in the $0.075 area and could fall back to yearly lows around $0.05 before the end of 2023.
Shiba Inu (SHIB)
Shiba Inu (SHIB), the second largest meme coin by market cap and a copycat version of Dogecoin, has a slightly better near-term technical outlook.
It recently broke out of a medium-term downtrend and if it can hold above its 21 and 50-day moving averages, a pullback above the $0.0000084 resistance and back to $0.000010 is on the cards before the end of 2023.
Wall Street Memes (WSM)
Wall Street Memes, one of the most popular retail investment communities on the internet, rose to fame in the 2021 stock meme craze and has recently been expanding its relevance in the cryptocurrency space with the pre-sale of its new token. $WSM.
The pre-sale success of $WSM, which has raised $14.5 million in just over a month, is hardly surprising given the size of the Wall Street Memes community.
Not only are there 523,000 hyper-engaged community members in your Instagram account wallstbetsthere are another 214k on Twitter and over 100k on his other two Instagram channels, wallstgonewild and wallsstbullsnft.
In total, Wall Street Memes has a strong social community of 1 million degens, which analysts believe almost guarantees the $WSM token will be listed on tier 1 crypto exchanges like Binance.
Since 30% of the token supply is retained for community rewards, airdrops to holders can reasonably be expected to be a large part of the ecosystem.
In fact, the first $WSM airdrop it is open now.
analysts They are already predicting great things for Wall Street memes when you trade on the exchanges and you can be a part of that.
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Pepe Pepe)
Pepe Coin is the biggest meme coin hit of 2023.
The meme coin, which is based on the perennial Internet meme Pepe the Frog, burst onto the scene in April.
PEPE saw its market capitalization surpass $1.8 billion in May, but has since been able to maintain a market capitalization of around $600 million.
awesome stuff.
Pepe has shown his power, even with the broader crypto market not exactly in a super exciting bull market.
When top-tier cryptocurrencies like bitcoin and ether really get going, Pepe could hit all-time highs again in 2023.
Floki (FLOKI)
Floki (FLOKI), another dog-themed Shiba Inu copycat meme coin named after Elon Musk’s dog, pumped earlier this year, but bullish momentum has waned.
Degens seems to be moving on from useless dog coins like Floki, which doesn’t bode well for his future.
FLOKI could soon drop back to the 2022 lows in the $0.000005 area and then turn down before the end of 2023.
Tamadoge (TAMA)
TAMA, the token that powers the up-and-coming web3 gaming platform Tamadoge, is currently trading near all-time lows in the $0.011 area, pricing the token at a very conservative $15.6 million.
That could be an absolute bargain price, considering that Tamadoge is attracting a growing user base to its Tamadoge Arcade suite of games, which recently launched as a mobile app on the Google and Apple app stores.
As Tamadoge continues to deliver on its roadmap, low-market-cap crypto gem hunters are likely to start piling in.
TAMA could easily return to its all-time high near $0.17, more than 10 times current levels before the end of 2023.
Thug Life Token (THUG)
Despite launching just over a week ago, the new meme coin project Thug Life Token it has already been able to raise over $1.58 million through the pre-sale of its $THUG token.
Several industry observers have called $THUG a huge success given the refreshing perspective it brings to the meme coin space.
$THUG is not based on old-fashioned dog memes or social media fads, like meme coins created in response to tweets from Elon Musk or Andrew Tate.
Rather, $THUG is themed around the timeless Thug Life movement that was first popularized by hip hop stars like Snoop Dogg in the ’80s.
As word of $THUG spreads, more degenerates are expected to pile money on the project.
That’s because Thug Life Token has all the features of the upcoming 100x meme coin.
At a pre-sale price of $0.0007 and a total maximum supply of 4.2 billion, the Thug Life Token pre-sale only values the coin at a very conservative fully diluted market cap of $2.94 million.
That’s much smaller than most other comparable pre-sale projects and the low pre-sale market cap leaves plenty of room for explosive upside.
Meme coin degens has no time to waste when it comes to getting involved in the project from the very beginning.
This is because the $THUG pre-sale will end once the $2.058 million mark is reached or when the 3-day countdown ends (whichever comes first).
After that, the only way to secure $THUG tokens will be through the project’s airdrop campaign and community bounties or at a potentially high price on major decentralized exchanges (DEXs).
Mr. Hankey Coin (HANKEY)
The Mr Hankey Coin, which is based on the famous South Park character of the same name and prides itself on promoting itself as the world’s top shit coin, is currently up over 200% since its launch on Uniswap earlier in the day.
While certainly not the next bitcoin, Mr. Hankey Coin certainly has all the ingredients for the next 10 or even 100x meme coin.
That’s thanks to its massive liquidity lockup, still-very-low market cap, rapidly growing social media community, and trending status on dextools.comwhich is every meme coin degens favorite shitcoin trading tool.
While Mr Hankey Coin is far from a safe bet, its pump potential is high.
Mr Hankey Coin can be bought on Uniswap Here.
Visit Mr Hankey Coin here
Snek (SNEK)
Meme coins are not just for the Ethereum ecosystem.
The Cardano community got into the action earlier this year with the launch of a new snake-themed meme coin called SNEK ($SNEK), which is, of course, a play on the spelling of the word Snake.
According to the SNEK websitethe goal is to create a “community-driven, inclusive and sustainable token on the Cardano blockchain, providing a rewarding experience for our token holders.”
$SNEK reached a market capitalization of over $100 million in late May when its price peaked at around $0.0014.
But it has since fallen to a market cap of around $30 million as meme coin degenerators hunt for newer and more exciting projects.
$SNEK will likely continue to fall and could reach new all-time lows before the end of 2023.
Bonk! (BOND)
Meme coins also exist in Solana, with Bonk as the current leader.
Many members of the Solana community have fond feelings for Bonk.
The meme coin was launched at a time when the Solana ecosystem was in real crisis, with a collapsing SOL price and rapid exits from the DeFi ecosystem amidst Solana being labeled “Sam coin” in the wake of the exchange crash. Sam Bankman-Fried’s fraudulent cryptocurrency exchange. FTX.
Its success helped breathe life into the struggling ecosystem when it launched around Christmas 2022 and bring some optimism.
That being said, Bonk’s time in the spotlight is over and at current levels of around $0.00000037, he is over 90% below his all-time highs above $0.000004.
Losing traders will likely continue to dump their bag to recoup at least some of their initial investment and Bonk will likely continue to fall until the end of 2023.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all your capital.
