Best Upcoming Meme Coins To Buy in Australia 2023

A meme coin is a type of altcoin cryptocurrency that originated as a joke coin. However, meme coins have managed to grow in popularity with a number of coins seeing prominent success in the past few years.

Like other crypto tokens, meme coins are operated on blockchains using smart contracts like Ethereum and Solana. In addition to being able to buy a sizable number for a minimal cost, people may buy meme coins to be part of a community or for entertainment purposes. Here we explore some of the top meme coins set to explode and reveal the best place to buy meme coins for low fees.

A Closer Look At The Best Upcoming Meme Coins To Buy

The crypto investment space is flooded with meme coins. It is, therefore, difficult for investors to choose the best meme coins for their portfolios.

No matter what, it is important that before investing in a crypto meme project, investors educate themselves about the projects.

Below you will find our analysis of 7 popular meme coins that we think could perform well in 2023 based on our analysis. Note: This is not investment advice. The crypto market is volatile and there is no guarantee that coins will succeed.

1. Wall Street Memes

The cryptocurrency market is currently in the midst of vibrant discussions about Wall Street Memes (WSM), an emerging memecoin that has captured the spotlight.

Taking inspiration from Reddit, the Wall Street Memes initiative is eagerly looking forward to its upcoming listing on well-regarded top-tier exchanges (CEXs). This development carries the promise of a significant increase in its market value.

The community backing Wall Street Memes is growing. Priced at $0.031, it’s a tempting investment opportunity, especially after a successful presale that raised over $12.370 million. The current price of WSM tokens will stay the same until the end of the month, and then it will increase to $0.0313.

The creators were responsible for conceptualizing the Wall Street Memes ($WSM) token, which served as the foundation for the impressive Wall Street Bulls NFT collection. Following its successful introduction on the Ethereum platform, their earlier creation was completely sold out within a mere thirty minutes.

The central focus of Wall Street Memes revolves around community engagement. The platform has successfully cultivated a robust following and has intentions to further expand this network. As active participants within the WSM community, followers gain the opportunity to exchange memes, access information regarding trending meme tokens, share lighthearted content, and connect with individuals who share similar interests.

The initiative is geared towards leveraging the strength of the community to influence the value of $WSM. Additionally, the team has devised a strategy involving periodic airdrops to incentivize more individuals to invest in the token and contribute to the community’s growth.

To partake in an airdrop and receive complimentary cryptocurrency, you must possess $WSM tokens and be actively engaged within the community by connecting through Wall Street Memes’ social channels.

Your money is at risk.

2. Sonik Coin

$Sonik, the meme coin recently launched in the market through a pre-sale campaign, can easily compete with some of the most interesting NFTs and meme projects in terms of notoriety. Being associated with a notorious character, although it has nothing in common with the original character Sonic, $Sonik enters the crypto market with a fresh concept and is able to attract the attention of the crypto community and enthusiasts.

This is an ERC20 token with no intrinsic value, but this is compensated by the team behind the project through a new concept as well as a very interesting staking system. In this project, you can stake tokens for a period starting from 7 days, which is a very convenient term and rare in the market of projects that offer the option of staking.

The $Sonik token is currently available through a single-level presale at a price of $0.000014. Presale is limited. It will end when $2,098,547 has been raised. In addition, the total supply of $Sonik tokens is also limited to 299,792,458,000 tokens, which means that the token is deflationary.

Your money is at risk.

3. Baby DogeCoin

The Baby DogeCoin was one of many meme tokens launched in 2021. So the idea that this cryptocurrency would be the successor to Dogecoin shouldn’t come as a surprise. Nevertheless, the team strives to raise awareness about dogs and donate money to charities that assist animals.

Market volatility has been extreme for this meme coin. The price of Baby Doge Coin soared by over 900,000% immediately after its launch. Nevertheless, the price fell by over 90% within a couple of days.

Baby Doge Coin’s price fluctuated greatly during the last quarter of 2021 and the first few months of 2022. Like other cryptos, the token experienced a bearish market but has the potential to regain some value during the upcoming bull run.

The coin has a strong social media presence and an active community that make it one to watch.

Your money is at risk.

4. BabyApeCoin

Introducing Baby-Ape, the newest meme-themed cryptocurrency. The Baby-Ape project introduces a number of new mechanisms; for instance, coins will be released first, followed by NFTs. Furthermore, these NFTs can be owned by burning specific coins.

A significant surge in price of over 70% has occurred since Baby-Ape was launched. Following the proposed NFT release, the share price could rise again to $0.017. With Baby-Ape’s new strategy of minting NFTs with its $BAPE token, the only way to own an NFT, the token’s price could skyrocket.

Baby-Ape introduces Wishing Pool, a process for minting NFTs. After throwing their wishes into the Pool, users will burn $BAPE. The Baby-Ape project aims to deliver a new meme experience with a total supply of 1 billion tokens. As part of the team’s mission, they aim to reshape the meme crypto industry, giving it a new meaning and value.

There will be 2888 Baby-Ape NFTs in the collection and 100k $BAPE tokens for each. 28.8% of $BAPE will be burned after every NFT is minted. For two years, 51.8% of $BAPE will be locked in a liquidity pool and released quarterly.

This is a strategy that Baby-Ape employs to increase the value of the meme token, saving 12% for team purposes and 8% for marketing purposes, respectively.

In addition to 8% royalties for the team, 50% of the proceeds will be used to purchase $BAPE tokens quarterly. A clearly defined vision distinguishes Baby-Ape from other projects.

to buy BabeApeCoin, you will need to first hold ETH tokens. These tokens can be swapped for $BAPE through a decentralized exchange.

79% of retail CFD accounts lose money. You will never lose more than the amount invested in each position.

5. Dogelon

Elon Musk is well known for his desire to go to Mars; he is determined to make his dream a reality, and he is persistent in his pursuit of fulfilling his dream. As far as Elon Musk is concerned, Dogelon is interesting because it fuses everything that he has is known for – innovative technology, space, and his sense of humor – all into one. We cannot deny that since Dogelon Mars (ELON) was created, it has already raised a lot of dust. With 90,000 followers on Telegram alone, crypto enthusiasts are eager to stay informed about new coins.

There is a reason why meme coins are so popular, and it is because when the crypto market suffered a significant blow, the prices of all the major cryptocurrencies fell or were reduced, but meme coins did not suffer much damage.While no one can predict what will happen in the future, the market cap of %187,73 million is certainly something to keep in mind when evaluating Dogelon’s value.

Dogelon is based on the Ethereum blockchain network. As a result, you will need to buy ETH tokens which can then be swapped for ELON on a decentralized exchange.

79% of retail CFD accounts lose money. You will never lose more than the amount invested in each position.

6. Akita Inu

Another meme coin that you should pay close attention to is Akita Inu. The Akita Inu project is a decentralized community project based on the Ethereum network. A group of meme crypto enthusiasts rather than a core team has developed the project from humble beginnings, similar to Shiba Inu.

Besides being a social experiment, this project aims to be a top meme coin that binds like-minded people together. According to Akita Inu, half of its token supply has been sent to Ethereum co-founder Vitalik Buterin, while the remaining supply has been sent to a UniSwap account for liquidity. With the Avalanche blockchain interoperability, the project has continued to expand its appeal.

You will need to hold ETH tokens to buy Atika Inu. You can purchase ETH quickly from eToro and then swap them for the meme coin through a decentralized exchange.

79% of retail CFD accounts lose money. You will never lose more than the amount invested in each position.

7. Doge Dash

DogeDash puts a new spin on the meme coin trend. A play-to-earn (P2E) based on Binance Smart Chain (BSC), DogeDash borrows heavily from the 90s Super Mario and Sonic movement. On the way, players collect coins while ‘dashing’ (or racing).

With DogeDash, users can get involved in crypto gaming and re-live old, fun and nostalgic memories of playing traditional games. A budding development team supports DogeDash, founded by crypto enthusiast Paul.

Players can use DogeDash tokens to unlock in-game features or swap them for fiat currency through decentralized exchanges. The game allows players to eanr real money, which makes it an appealing offering.

You can start earning DogDash coins by playing the innovative P2E game. This is the best way to collect the tokens for free.

8. Safemoon Inu

SafeMoon Inu focuses on creating a thriving meme and gaming community based on the growing trend of blockchain and gaming. SMI Play, a new gaming platform created by Safemoon Inu, also offers non-fungible token (NFT) rewards to SMI token holders.

Decentralized finance projects like SafeMoon draw heavily from the penalty and reward systems used in SafeMoon Inu. For example, to reward holders that hold the tokens for a long period, the protocol distributes 2% of every transaction that is made in the network.

As a result, SafeMoon Inu is a deflationary token that should increase in price over time. This makes it an attractive long-term investment option.

Like other meme coins, you will ned to hold ETH tokens to buy SafeMoon Inu. You can then swap your ETH for SMI.

79% of retail CFD accounts lose money. You will never lose more than the amount invested in each position.

What Are Meme Coins?

Simply put, meme coins are digital tokens that become popular as a result of their association with current trends online. In the beginning, meme coins were produced as a lighthearted joke heavily influenced by internet culture.

As a result of their nature, meme coins generally do not have any specific purposes or utility that makes them valuable in any way. Instead, these meme coins are usually priced based on social media, online forums discussions, and celebrity endorsements.

The success of dog-themed Dogecoin sparked an explosion of meme coins in the crypto market following Dogecoin’s launch.

For example, Shiba Inu and Dogelon Mars are well-known to crypto investors.

In contrast, many meme coins have caused investors to lose their money. In view of the fact that it is impossible to predict what the market will do in the future, investing in meme coins entails a high level of risk.

Are Meme Coins Worth Investing In?

As you can see from our list of meme coins, many of the tokens have unique utility and are linked to wider projects that could explode in the future.

The following sections discuss, in more detail, why meme coins might be of interest to investors.

Profits Could Be High

Meme coins are able to generate social media hype and often come with communities of supportive investors. As a result, it is not rare for meme coins to experience large price surges when new coins are released, or projects are announced.

Dogecoin, for example, gained over 7,000% in 2021 from $0.009 to $0.68.

As a result of supporting online communities, these extreme price shifts are often triggered. Nonetheless, when the frenzy and demand wane, the price can also drop to extreme levels.

Dogecoin’s price dropped to $0.17 by the end of 2021 after reaching an all-time high in 2021. As a result, investors need to be extremely careful when investing in meme coins.

Meme Coins Can Offer Utility

A meme coin is not always based on the latest trends on the internet. There are also crypto meme projects discussed today that add utilities to their ecosystems as well.

Take Shiba Inu as an example. Smart contracts are also integrated into this meme coin, which opens up many possibilities.

Additionally, Tamadoge has added Web3 and P2E features to its platform. This way, investors no longer rely on wild speculation when choosing the best meme coins for 2023.

It will be easier for them to identify coins with growth potential if they consider meme coins that offer utility on the market.

Strong Community Backing

In order to find the best meme coins to invest in, investors should seek out those that have a large community behind them. That is because a meme coin’s price can be heavily influenced by the activity of its community, as we have pointed out.

The task of spreading the word about a new coin, encouraging others to invest, or even making a token go viral by means of their efforts is the responsibility of community members. Therefore, social media platforms, such as Facebook, and online forums, such as Reddit, are good places to look for meme coins that might blow up in the future.

While all of the above must be considered, there are no guarantees that a meme coin will increase in value solely due to the support it receives from its community.

One or two exceptions exist, but investing in a meme coin solely based on the project’s social media following is highly risky.

Risks of Investing in Meme Coins

Cryptocurrencies are largely speculative assets. The lack of regulation and extraordinary volatility of cryptocurrencies make them risky. As far as meme coins are concerned, there are even higher stakes involved.

Except for a few exceptions, most meme coins have no real utility. Due to this, the value of digital tokens is often determined entirely by a social media frenzy.

Additionally, many meme coin projects have also turned out to be rug pulls. If you are unfamiliar with rug pulls, they are ventures where crypto developers abandon projects and run away with investors’ funds.

Therefore, investors should be careful when choosing the best meme coins for their portfolios.

There is a possibility that investors will be able to earn money from meme crypto coins if they can buy and sell at the right time.

Focus on cryptocurrencies with strong fundamentals that are likely to survive.

Your money is at risk.

What Meme Coins Will Explode in 2023?

There is a potential for good returns if you are patient enough to invest in any of the meme coins discussed above. You should consider cryptos with strong fundamentals if you are looking for higher returns with more manageable risk. This isn’t a list of meme coins or oldies; these are newer cryptocurrencies that are reasonably priced and have plenty of potential. There is no denying the popularity of meme coins right now. These assets have great potential for gains and could quickly make you wealthy. It can be not easy to find the right asset, however.

The Tamadoge token is currently listed on some exchanges, such as OKX, aiming to be more useful than other meme tokens. The beta sale has raised over $250,000 so far.

The token will soon be listed on a number of other prominent exchanges including MEXC and LBANK.

How To Find New Meme Coins

Getting the timing right is the most important factor when buying meme coins.

If early Dogecoin investors HODL’d the tokens until 2021, they would have made a significant profit, provided they sold the tokens at the right time.

Alternatively, considering some of the newest meme coins might be a good idea when they are selling at a low price.

The Tamadoge presale has just closed, but the coin was listed on OKX.

Best Upcoming Meme Coins To Buy 2023– Conclusion

It is undeniable that meme coins are worth a great deal on the market, not just because of the potential earnings they can generate but also because of the fun they can bring to the investment process. With so many coins available on the market and so many new meme coins being introduced every day, we want  to assist you in choosing a coin. Now that Tamadoge is listed, it is the perfect time to invest in a new promising coin. Hopefully, our list of the best meme coins in 2023 will help you make the right investment!

Your money is at risk.

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