Top 5 Meme Cryptocurrencies to Purchase in July 2023 — A Comprehensive Overview

• The top 5 meme coins to consider for investment in July are DOGE, SHIB, PEPE, FLOKI, AIDOGE.
• The total market capitalization for meme coins stands at $14.8 billion.

The rise of meme coins has surged since the introduction of Dogecoin (DOGE), favored by Twitter CEO Elon Musk, capturing the attention of the cryptocurrency community with their distinct charm. Additionally, the cryptocurrency sector is ever-evolving, consistently unveiling new coins. Among these, meme coins have attracted considerable interest, largely due to their trends on social media.

During this crypto spring, experienced investors often seek out meme coins that could yield substantial returns, with some targeting a minimum of a 10x increase.

This article provides a brief overview of the 5 leading meme coins to consider for investment in 2023: Shiba Inu, Dogecoin, PEPE, FLOKI, and ArbDoge AI. Based on insights from crypto experts, market dynamics, credible media outlets, and specialized analysts, these coins demonstrate potential for growth and broader acceptance.

Dogecoin (DOGE)

• Market Cap: $8.7 billion
• Trading Volume 24-H: $265 million

Dogecoin is the original meme token that entered the cryptocurrency market and gained significant attention since 2021, largely due to endorsements from celebrities such as Elon Musk. Following this, the market cap of DOGE experienced a surge, placing it among the top 10 cryptocurrencies.

Dogecoin (DOGE) Price Chart (Source: Tradingview)

As of this writing, the DOGE/USD spot price was $0.06272, reflecting a price increase of over 4% over the past 14 days. However, the price of Dogecoin has decreased by approximately 3% in one day and 8% over the week. Currently, DOGE is in an oversold condition, indicating a potential buy signal.

Shiba Inu (SHIB)

• Market Cap: $4.2 billion
• Trading Volume 24-H: $1.3 million

Shiba Inu coin, commonly referred to as $SHIB, has gained traction by leveraging its association with the SHIB Army. Launched in 2020, this meme token aims to establish a decentralized platform driven by its community of token holders.

The entire Shiba Inu community is eagerly anticipating the forthcoming layer 2 blockchain “Shibarium,” which is currently in its early stages. Investors in cryptocurrency believe that Shibarium will significantly impact SHIB’s price.

Shiba Inu (SHIB) Price Chart (Source: Tradingview)

According to CoinMarketCap, Shiba Inu was trading at $0.000007262, with a price increase of more than 10% over the last 14 days. At the time of writing, the price of Shiba Inu had decreased by around 2% in the last 24 hours.

Pepe Coin (PEPE)

• Market Cap: $595 million
• Trading Volume 24-H: $157 million

Pepe Coin is a new meme cryptocurrency that has generated considerable excitement, quickly achieving a market capitalization of $1.6 billion. Additionally, investors in PEPE have seen returns exceeding 90%.

However, a recent drop of about $1 billion in market capitalization highlights its short-lived nature and underscores the volatility inherent in the cryptocurrency market.

Pepe Coin (PEPE) Price Chart (Source: Tradingview)

Despite this, investors remain optimistic about the meme coin. At the time of writing, it was priced at $0.000001422, reflecting a price increase of more than 64% in the last 24 hours. Nonetheless, Pepe has also experienced a decline of around 8% today due to market fluctuations.

Floki (FLOKI)

• Market Cap: $238 million
• Trading Volume 24-H: $17 million

Ranked 4th among the top 5 meme cryptocurrencies, FLOKI is an innovative meme coin inspired by Elon Musk’s dog. It integrates elements of decentralized finance, non-fungible tokens (NFTs), and the Metaverse. Recently, the altcoin gained traction as Musk’s dog was highlighted in the news.

Floki Inu (FLOKI) Price Chart (Source: Tradingview)

According to CoinMarketCap, FLOKI was trading at $0.00002397, with a price increase of 14% over the past two weeks. Today, however, FLOKI’s price has decreased by 5%.

ArbDoge AI (AIDOGE)

• Market Cap: $31 million
• Trading Volume 24-H: $5 million

ArbDoge AI is not a traditional project but rather an experiment within the Arbitrum ecosystem. The newly launched AIDOGE has received a favorable response from the Arbitrum community.

ArbDoge AI (AIDOGE) Price Chart (Source: Tradingview)

At the time of writing, ArbDoge was priced at $0.0000000001477, reflecting a price increase of around 3% in the last 24 hours. Additionally, AIDOGE’s price has decreased by over 14% in the past two weeks.

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