A new generation of memecoins has arrived, and this coming wave of ERC20 coins will soon outshine the old guard. Investors looking for a 100X return should forget about Dogecoin (DOGE) and Shiba Inu (SHIB) with their large, inflated market caps.
The powerhouses of the coming cycle will be smaller, more nimble tokens. These new players have no bagholders and communities all aiming for the moon. This article dives into the best of the best and highlights the top 3 memecoins under $0.50 to increase your crypto portfolio tenfold by 2023: DigiToads (TOADS)Pepe (PEPE) and ArbDoge AI (AIDOGE).
DigiToads (TOADS) Community Focused Altcoin Jewel
DigiToads presents itself as a meme coin, but a quick look under the hood shows that TOADS is much more. TOADS’ presale has already raised $5.8 million and shows no sign of slowing down. The introduction of an NFT staking mechanism has also led to the 3,500 toad-inspired digital collectibles trending NFTs have become.
NFT owners can stake and earn, but The Swamp (the DigiToads ecosystem) offers countless other ways to earn, making it a perfect crypto for beginners. Air drops. A play-to-earn game where users can wager in-game NFTs to win a share of the prize pool. And the very rare Platinum Toads that allow experienced traders to keep 10% of the profits they make trading the treasury protocol.
But the biggest increase in value for TOADS holders will come from the Toad Tax, an ingenious economic model that funnels capital through The Swamp for the benefit of holders. The protocol automatically burns 2% of each transaction, and this intense deflationary pressure will quickly reduce the total supply of $TOADS.
Analysts stated that the market has drastically undervalued $TOADS due to its inactive mechanisms. But at launch, when The Swamp activates, the Toad Tax goes live and the NFT staking rewards are paid out, they expect $TOADS to rise quickly.
And when $TOADS launches on major centralized exchanges, there will be no end to its upward leap. $TOADS is easily one of the best altcoins to own in 2023 and a top contender to go 100X this year.
Pepe (PEPE) and DigiToads take over
Pepe (PEPE) is another toad themed token with a 100X potential. Pepe (PEPE) has little to no useful qualities, but it has one notable advantage over the previous generation of meme coins – it’s newer and shinier.
Memecoin investors know that other memecoin investors are always looking for the next project, and this phenomenon caused liquidity to quickly flow out of $DOGE and $SHIBA in favor of newer memecoins with more explosive potential.
$PEPE, despite its lack of practicality, like any good memecoin, can post frenzied rallies in a bullish market sentiment.
ArbDoge AI (AIDOGE) New Chain New memes
ArbDoge AI (AIDOGE) leverages all the liquidity currently available on Arbitrum (ARB) and chose to originally launch on this second tier rather than Ethereum (ETH). This decision immediately made the token more accessible to a wider audience who may not want or cannot afford gas fees.
ArbDoge AI (AIDOGE) was distributed via airdrop to anyone who received an $ARB allocation, and like $TOADS and $PEPE, it has a low market cap and explosive potential. The project focuses on Web3 and AI and is undoubtedly one of the altcoins to keep an eye out for memecoin enthusiasts.
Closing Thoughts: New memes mean new opportunities
Investors need to let go of any sentimentality and attachment they have to old projects, hoping that they will reach all-time highs again. The next cycle will be dominated by emerging protocols with better technology, smaller market caps, better growth potential and, most importantly, no bag holders willing to dump at every green candle.
DigiToads ranks first among the three projects. The unique approach of using memecoin marketing but backing $TOADS with solid tokenomics and all the earning potential in its ecosystem makes it a true hidden gem in the memecoin genre.