The bitter crypto winter of 2022 left many questioning the sustainability and ongoing appeal of meme coins. However, skepticism has been decidedly swept aside in 2023 as a new generation of meme coins captured media attention and secured significant market capitalization.
DigiToads (TOADS) is the head of the field as the first amphibian-themed meme currency on the market, combining fun with the popular play-to-earn gaming concept. Four additional meme coins, PEPE, LADYS, FLOKI, and SHIB, joined DigiToads in June’s top performance charts. Should you consider these five as the best crypto coins for your July portfolio?
DigiToads (TOADS)
DigiToads represents an innovative blend of play-to-earn gaming and NFT integration. More than just a meme coin, its expansive ecosystem invites players to earn real money while enjoying a game. NFTs in DigiToads can be staked for larger profits, and anyone holding 3 or more TOAD NFTs gains access to Toad School, a dedicated online trading course. Monthly trading competitions offer opportunities for participants to trade with the project’s treasury and earn substantial rewards.
Notably, DigiToads’ hyper-deflationary tokenomics, which includes automated token burning, guarantees its scarcity and continuous growth. Scheduled for public trade on August 21st, its impending launch generates significant excitement.
Pepe Coin (PEPE)
PEPE, a prominent meme coin of 2023, burst onto the scene without any presale or ICO, quickly generating hype and amassing a market cap of over $420 million within weeks of its launch.
Despite having no intrinsic value, no formal team, no roadmap, and being entirely dependent on market speculation, some early-bird investors still reaped substantial short-term profits. The hype around PEPE is not entirely ceased, meaning July might also be exciting for its supporters.
Milady Meme Coin (LADYS)
LADYS, the meme coin attached to Milady’s NFT collection, functions as the drip currency and accumulates clout in this self-organized ecosystem. With a total supply of 888,000,888,000,888 tokens, LADYS ensured token security by burning LP tokens and renouncing the contract. Like PEPE, it has no formal team or roadmap and is purely for entertainment purposes. Despite being a speculation-based crypto, its high volatility makes LADYS an exciting candidate for your watchlist.
Floki Inu (FLOKI)
FLOKI began as a meme coin inspired by Elon Musk’s dog but has since evolved into a comprehensive Web3 project encompassing decentralized finance, NFTs, and the Metaverse. Despite its exceptionally high circulating supply, FLOKI’s expansive ecosystem sets it apart from other dog-themed meme coins. FLOKI has demonstrated steady growth since January 2023, with significant price spikes observed in June, marking it as a meme coin to keep an eye on in July.
Shiba Inu (SHIB)
SHIB is a decentralized meme token that grew into a vibrant ecosystem. ShibaSwap, fun tokens, Artist Incubator, growing community, and more on the horizon, SHIB is up more than just a meme coin.
Currently ranking 19th by market cap, SHIB considerably impacts the meme coin and broader cryptocurrency ecosystem. Its aggressive token-burning strategy aims to reduce its vast supply eventually, providing greater growth opportunities. Although SHIB experienced volatility in the past week, June proved to be a successful month for this token, and the trend might be similar in July too.
Final Remarks
Meme coins are often perceived as transient, temporary trends lacking substantive utility or strategic roadmap. However, DigiToads challenges this narrative, which defies the stereotype by bringing an expansive all-in-one ecosystem. Its hyper-deflationary tokenomics model bolsters the coin’s value, promising long-term growth and stability.
Therefore, for those seeking a dynamic and rewarding meme coin investment, one that couples the fun of meme tokens with the promise of a stable future, DigiToads presents itself as an outstanding contender.
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