Top Meme Coins to Keep an Eye On In January 2023

With the launch of BONK, the Solana blockchain‘s first meme token, meme coins are back in action. Most meme cryptocurrencies have risen in value in recent weeks.

With a newfound boost and excitement in the crypto community, these top meme coins may again “go to the moon.”

Top Meme Coins To Look Forward To In 2023

1. DOGE

The OG meme coin boasts one of the most active communities of all time in the world of crypto, with even some celebrities supporting it. Additionally, DOGE has been mostly gaining since January 1.

DOGE has risen 5.40% in the last seven days and is up by 8.01% year-to-date (YTD). It is currently trading at $0.0758. Despite a price decline of 21.85% and 13.13% in the last one and two months, respectively, DOGE is up by 25.45% from the levels of the last 90 days (October 2022).

According to Coincodex’s technical indicators, the current sentiment is bearish around Dogecoin. Since DOGE’s price has declined by 50% in the last 1 year, it may be profitable to invest in Dogecoin right now. Coincodex predicts that the price of DOGE would be between $ 0.111529 and $ 0.334920 by 2024-25.

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2. Shiba Inu (SHIB)

SHIB has also been witnessing a price rise since the start of 2023. It has risen by 6.97% in the last seven days and is currently trading at $0.000008762. Shiba Inu saw a downward trend with prices declining by 4.82% in the last one month, by 14.07% in the last two months, and by 15.97% in the last three months.

The current sentiment regarding SHIB is bearish, according to Coincodex’s technical analysis. They forecast that by 2025, the SHIB price will be between $ 0.00001972 and $ 0.00005921 (571.82% in the best-case scenario).

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3. Baby Doge

Just like the above two, the Baby Doge meme token has also been experiencing a trend reversal since the first week of this year (2023). Baby Doge Coin’s price has risen by 7.95% year-to-date (YTD). It is currently trading at $0.0…01035, a 4.54% gain in the last seven days.

Baby Doge witnessed a downward trend with losing 5.90%, 18.33%, and 14.90% in the last 30 days, 60 days, and 90 days, respectively.

According to Coincodex’s technical indicators, the current sentiment around Baby Doge is bearish. Since the Baby Doge’s price has declined by 69.67% in the last 1 year, it may be profitable to invest in the meme token right now. Coincodex predicts that Baby Doge price would be between $ 2.080e-9 and $ 6.246e-9 by 2024-25 ( 571.82% rise in the best case scenario).

It is important for anyone considering investing in meme coins to carefully research the asset, and understand the risks involved before making any investment decisions.

Disclaimer: This is not investment advice. DYOR

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