A new generation of memecoins has arrived, and this coming wave of ERC20 coins will rapidly outpace the old guard. Investors searching for a 100X need to forget about Dogecoin (DOGE) and Shiba Inu (SHIB) with their large, bloated market caps.
The powerhouses of the coming cycle will be smaller, more agile tokens. These fresh players have no bagholders and communities all aiming for the moon. This article dives into the best of the best and features the top 3 memecoins under $0.50 to 100X your crypto portfolio in 2023: DigiToads (TOADS), Pepe (PEPE), and ArbDoge AI (AIDOGE).
DigiToads (TOADS) Community-Focused Altcoin Gem
DigiToads markets itself as a memecoin, but a quick look under the hood shows that TOADS is much more. Already climbing to fame, the TOADS’ presale has raised $5.8 million and shows no signs of slowing down. Introducing an NFT staking mechanic has also caused the 3,500 toad-themed digital collectibles to become trending NFTs.
NFT owners will be able to stake and earn, but The Swamp (the DigiToads ecosystem) provides myriad other ways to earn, making it a perfect crypto for beginners. Airdrops. A play-to-earn game where users can battle in-game NFTs to win part of the prize pool. And the very rare Platinum Toads that will allow skilled traders to keep 10% of the profits they make trading the protocol treasury.
But the greatest value accrual for TOADS holders will come from the Toad Tax, an ingenious economic model that directs capital throughout The Swamp for the good of holders. The protocol automatically burns 2% of every transaction, and this intense deflationary pressure will rapidly reduce the total supply of $TOADS.
Analysts stated that the market has drastically underpriced $TOADS due to the mechanisms not being active. But at launch, when The Swamp activates, the Toad Tax goes live, and NFT staking rewards get paid out, they expect $TOADS to climb rapidly.
Then when $TOADS launches on major centralized exchanges, there will be no stopping its upward leap. $TOADS is easily one of the best altcoins to own in 2023 and a top contender to 100X this year.
Pepe (PEPE) Toad Takeover
Pepe (PEPE) is another Toad-themed token with 100X potential. Pepe (PEPE) has little to no utility qualities but has one striking advantage over the previous generation of memecoins- it is newer and shinier.
Memecoins investors know that other memecoin investors always look to the next project, and this phenomenon caused liquidity to rapidly exit $DOGE and $SHIBA in favor of newer memecoins with more explosive potential.
$PEPE, despite lacking utility, like every good memecoin can post outrageous rallies in bullish market sentiment.
ArbDoge AI (AIDOGE) New Chain New Memes
ArbDoge AI (AIDOGE) takes advantage of all the liquidity currently available on Arbitrum (ARB) and chose to launch natively on this layer two as opposed to Ethereum (ETH). This decision immediately made the token more accessible to a broader audience who may not want to or cannot afford to pay gas fees.
ArbDoge AI (AIDOGE) was distributed via airdrop to everyone who received an $ARB allocation, and similarly to $TOADS and $PEPE has a low market cap and explosive potential. The project focuses on Web3 and AI and is undoubtedly one of the altcoins to watch for memecoin enthusiasts.
Closing Thoughts: New Memes Means New Opportunities
Investors need to dispel any sentimentality and attachment they have to old projects, hoping they will reach ATHs again. The next cycle will be dominated by nascent protocols with better tech stacks, smaller market caps, better growth potential, and, most importantly, no bag holders looking to dump on any green candle.
Of the three projects, DigiToads comes in first place. Its unique approach of leveraging memecoin marketing but underpinning $TOADS with solid tokenomics and all of the earning potential in its ecosystem makes it a true hidden gem in the memecoin genre.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
