About time is what Shiba Inu (SHIB) and Dogecoin (DOGE) investors all over the world are collectively saying. After an awful last couple of months or so, the market has finally returned in their favor. However, are they the best crypto to buy right now?
The quick answer is no. Even though they have seen a slight uptick in form it looks like in the long run the two top meme coins are still destined to keep tanking. At the moment there are just better options out there and investors know it. For years SHIB and DOGE had no challengers but that has changed with the arrival of Wall Street Memes ($WSM), AiDoge (Ai), Ecoterra (ECOTERRA), Launchpad XYZ (LPX), yPredict (YPRED) DeeLance (DLANCE), Spongebob Token ($SPONGE), and Copium Coin ($COPIUM).
Let’s take a look at how the last 7 days have gone for the big two meme coins and what it might mean for the future.
SHIB and DOGE, form temporary but class permanent?
Below is the price chart for Shiba Inu (SHIB). Clearly, things have taken a turn for the better, so much so that it was the best-performing coin on Monday of this week. However, this comes after a period of very poor form. Although the launch of Shibarium is very positive for the ecosystem and is likely behind this price we are not fully convinced yet and will need more time to jump back on board.
While we think we are not far off believing in SHIB again the same cannot be said for Dogecoin (DOGE). Unlike its main rival, it has mostly stood still while other rival projects are growing and developing. As you can see from the last 7-day chart above, its recovery disappeared as soon as it appeared. Of the two we are much less confident about its future.
Let’s take a look at some alternatives that for now represent better investment opportunities.
Wall Street Memes- Coming for the meme coin throne
While SHIB and DOGE have suffered as of late one meme coin presale has been drawing all the headlines and that’s Wall Street Memes ($WSM) It is not a coincidence that these are happening at the same time either as many meme coin investors realize $WSM is likely the future.
The presale is already closing in on $9 million raised and is flying through the presale stages. The reason the big two meme coins should be scared of $WSM is unlike most projects they come with a ready-made following. They have over 1 million followers across their social media platforms and we all know how beneficial community movements can be in the meme coin world.
AiDoge- Much anticipated listings have finally begun
Speaking of impressive meme coin presales AiDoge’s much-anticipated listings have finally begun. This is after the meme coin presale reached its $14.9 million hard cap way quicker than anyone was expecting. Just another meme coin project to threaten the status quo of SHIB and DOGE.
It is likely the integration of AI and the fact it is the first meme-to-earn platform that has investors so excited. The AI will help make the site the most efficient meme-creation platform on the internet and the added fact creators will be able to earn native currency only adds to its hype.
Ecoterra- The green crypto to get behind in 2023
Savvy investors should have realized by now that their portfolio needs to include some green cryptos for the future. If you are on top of your game you will have realized that Ecoterra (ECOTERRA) is set to become the number one green crypto on the market.
This is because of its physical benefits for the environment as they reward investors with native currency when they recycle. By using the Ecottera app and reverse vending machines in partner stores users will be able to receive ECOTERRA which can be used to pay for green activities like beach clean-ups and tree plants.
Launchpad XYZ- Your only stop for everything Web 3.0
The market is constantly talking about Web 3.0 developments but until now no one has stopped to think does everyone understand what is happening? Unless this is your full-time job the answer is likely no. Launchpad XYZ (LPX) has recognized this and aims to help.
They want to be users only stop for everything Web 3.0. They aim to onboard the next 10 million people onto Web 3.0 but it is more than that. Once you are grounded they will be able to make Web 3.0 work for them. Whether it is the best project to invest in or the best new game to play, they have you covered.
yPredict- The trading edge you need thanks to AI
The market outlook for traders has changed vastly in 2023. This is mostly because of AI, which has made trading strategies much more sophisticated. yPredict (YPRED) have recognized that not everyone will be able to utilize AI for their benefit and aim to bring it to the masses.
Their platform will employ the top 1% of AI developers and traders will have access to their data just by purchasing YPRED. For exact strategies, they can purchase subscriptions to their favorite developers which in turn incentivizes them to use yPredict. There are already over 20,000 years signed up to the waiting list so it’s an easy selection on our best cryptos to buy list.
DeeLance- The platform freelancers and employers will be flocking too
One thing to look out for when you are looking for cryptos to buy is an innovative project. That is exactly what DeeLance (DLANCE) is. The project will create a decentralized platform that they hope will soon become the number-one sites for freelancers and employers to connect.
Using Web 3.0 technology will help their site improve on factors like payment issues, disputes, and ownership. However, what really stands out is their peer-to-peer payment system which will allow them to charge lower fees to both parties. Music to the ears of all freelancers out there we are sure.
Spongebob Token- Can it pump by 1200% again?
Meme coins dominate this list and for good reason too. Since the success of Pepe Coin investors have been pumping money into projects hoping to find the next PEPE. One coin that looked like it was going to be the successor was Spongebob Token ($SPONGE).
The meme coin pumped by 1200% out of nowhere just like PEPE originally did and many thought it would even pump past its rival. However, it had the bad luck of pumping just before a bear market which caused the price to drop. That makes it a good buy-low option as the meme coin still has a chance to repeat its past performance.
Copium Coin- A meme coin with some interesting quirks
Rounding off our list of the best cryptos to buy is another meme coin in Copium Coin ($COPIUM). A meme coin based on one of the online crypto community’s favorite memes it had a presale with a difference.
Unlike most, it was invite-only, a great way to get investors excited because scarcity is beloved by the crypto community so this drummed up a lot of attention. The meme coin also only allowed a max of 1 ETH worth $COPIUM per investor so they have set themselves up for the future. A very cleverly run project so far so let’s see how its listings go.
Conclusion
While SHIB and DOGE have stalled their fall we need to see a lot more before we declare them investment options again. On the other hand, the 8 coins we have listed in this piece are all much better investment opportunities at the moment. The added bonus is that they are much lower lap cryptos which makes them lower-risk choices too.
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