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It all started as a joke in 2013 when Dogecoin hit the market… but soon after, it became a multi-billion dollar industry.
Meme coins have been dominating the crypto industry since, with some coins skyrocketing with over 30,000% in profits.
But which tokens are considered the best investment going into 2024?
According to numerous crypto analyst sources, the most profitable coins include Meme Kombat ($MK) and Wall Street Memes ($WSM).
Let's check out the reasons for this.
First, let's get familiar with the memecoins we'll be talking about in this quick overview:
Meme Kombat ($MK) – Overall the Best Meme Token to Buy in 2023
Wall Street Memes ($WSM) – Top Memecoin with Unique GambleFi Platform Integrated for Huge Profits
Dogecoin (DOGE) – The Most Popular Memecoin In the Industry
Shiba Inu (SHIB) – Leading Memecoin with Smart Contract Utility
Dogelon Mars (ELON) – Musk-Inspired Meme Project with Comic Book NFTs
Baby Doge Coin (BABYDOGE) – Deflationary Meme Token with DeFi Functionality
Samoyedcoin (SAMO) – Web3-Based Memecoin Built on the Solana Blockchain
Now, time to move on to our more detailed analysis of these coins:
Meme Kombat ($MK) is an exciting new presale memecoin with a unique twist – it doesn't introduce its own meme. Instead, it provides a platform for your favorite memes like Floki, Pepe, Doge, Shiba Inu, and more to engage in play-to-earn combat.
Imagine an arena where these iconic memes battle it out, and you can even place bets on the outcomes.
What sets Meme Kombat apart is its departure from the conventional meme-centric presale model. Rather than revolving around a single meme, it introduces an AI-enhanced Battle Arena where spectators can actively participate by predicting and betting on the results of meme battles.
The hype around Meme Kombat is evident, given the vast online audiences and strong supporter bases of the memes involved.
The $MK token, central to this ecosystem, offers staking rewards, currently estimated at an impressive 512% APY during the presale.
The Battle Arena fights are conducted on-chain, ensuring maximum transparency and automatic reward distribution.
To further captivate spectators, the battles feature AI-rendered visuals, making the entire experience more immersive for those betting on the results.
Beyond predicting battle outcomes, Meme Kombat offers additional opportunities through side markets and in-play betting.
Wall Street Memes ($WSM) is another prominent meme token, ranking just below Dogecoin, Shiba Inu, and Pepe in daily trading volume.
With a $50 million market cap, it presents significant growth potential. Recently launching a crypto casino, WSM adds utility to its repertoire.
The WSM Casino, accessible via Telegram, ensures anonymous, secure, and instant account creation and crypto transfers, exempt from KYC verification. Enjoying fee-free and limitless deposits and withdrawals, players can explore thousands of slots, live dealers, and a comprehensive sportsbook.
Newcomers benefit from a 200% matched first deposit bonus, while $WSM users earn an extra 200 free spins.
The $WSM presale, raising over $25 million, exhibited a remarkable 275% price surge in a bear market, hinting at Binance listing potential. With a million-strong social media following and notable interactions, including Elon Musk, Wall Street Memes stands as a dynamic player in the meme coin arena.
Dogecoin, originating in 2013 as the 'original' meme coin, embraced the playful image of the Shiba Inu dog. Initially conceived as a jest, Dogecoin ironically evolved into one of the most successful cryptocurrencies.
In 2021, mirroring the broader crypto market, Dogecoin experienced a meteoric rise, reaching an all-time high of $0.73 on May 8, 2021.
Subsequently, it faced substantial declines and presently hovers around $0.07. It's still considered one of the best meme coin investments due to association with Elon Musk.
Riding on the heels of Dogecoin's success, Shiba Inu came out as a formidable player in the crypto market.
Launched in 2020, this digital token, featuring the Japanese hunting dog Shiba Inu as its mascot, replicates Dogecoin's popularity.
Operating on the Ethereum network, Shiba Inu seamlessly integrates with smart contracts, distinguishing it from its competitors. Many find Shiba Inu an appealing investment, particularly in comparison to Dogecoin, attributing this allure to its compatibility with a robust DeFi network.
Dogelon Mars, a doge-themed meme token, centers around the character 'Dogelon Mars' on a space venture, even offering NFT comics for purchase.
Essentially influenced by Elon Musk's Mars colonization concept, its native token is named ELON. The project's core strength lies in its strong community backing.
However, it lacks practical utility, a crucial aspect for potential investors to note. Despite its popularity, the absence of clear utility raises considerations for those thinking about investing in Dogelon Mars. The upside is its community-driven appeal.
Baby Doge Coin, a 2021-launched meme token, positions itself as Dogecoin's successor, emphasizing awareness about dogs and contributing to animal charities.
Regular burning of tokens, as per the team, aims to gradually reduce supply, enhancing liquidity. Notably, the late 2022 introduction of the Onramper feature facilitates direct purchase of cryptocurrencies with fiat money on the decentralized exchange.
The token's journey reflects market volatility, with features geared towards long-term sustainability and user accessibility.
Samoyedcoin, paying homage to Solana's co-founder Anatoly Yakovenko and crypto magnate Sam Bankman-Fried, strives to advance the adoption and growth of the Solana network.
Renowned for its swift transactions and minimal fees, Samoyedcoin initially focused on its meme coin but has expanded to incorporate additional Web3 elements.
It now features an NFT collection available on Solanaart, the platform envisions further utilities for its tokens and NFTs.
As we can see, there are quite a few solid memecoin investments you can make in the following weeks.
But there are only two tokens right now that can skyrocket your portfolio by 100x in the following weeks – Meme Kombat ($MK) and Wall Street Memes ($WSM).
Both of these tokens come with some impressive features and real-world utility, which puts them miles ahead of any other memecoin competing for profits right now.
The best part is – you can still get them for a relatively low price before they explode!
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
