Meme coins took the crypto space by storm in 2021, with Shiba Inu posting historical gains and rewarding early investors massively. These digital coins, inspired by internet jokes and memes, are still very popular. In fact, they remain one of the most popular types of altcoins.
Even though the cryptocurrency market saw a downturn last year, the beginning of 2023 has shown significant bullish promise. If the broader market conditions continue to improve, these 6 meme coins could become the next Shiba Inu:
Baby Doge Coin - A meme coin with auto-burn, NFTs, and more
Rich Quack - A deflationary meme coin
Dogelon Mars - A meme coin inspired by Elon Musk
Saitama - A meme coin that pivoted to being a utility-focused project
Lovely Inu - A DeFi-focused meme coin
Tamadoge - A Play-to-Earn meme coin platform
One of these 6 meme coins could be the next Shiba Inu
As hinted in the introductory part, Shiba Inu was among the biggest winners during the crypto bull run of 2021. The meme coin was created in August 2020, and by October 2021, it reached an all-time high value of $0.00008845. Between January 1st, 2021 and October 28th, 2021, Shiba Inu gained more than 85,784,180%, creating many millionaires in the process.
While it’s unlikely that we’ll ever see such a massive rally again, the success of Dogecoin and Shiba Inu has spawned many other meme coins that are contending for attention in the crypto community. Let’s take a look at 6 meme coins that could mimic the success of Shiba Inu in the future:
1. Baby Doge Coin (BABYDOGE)
Dogecoin was another big performer in the meme coin ecosystem last year. Therefore, It is only natural that other projects are trying to emulate its success. One of the best-known examples is Baby Doge Coin (BABYDOGE). The new coin has a lot in common with Dogecoin. It is also important to state that Baby Doge Coin was birthed by members of the DOGE online community. Launched in 2021, Baby Doge Coin has an ambitious roadmap, including NFT creation, pet charity and GameFi.
The current BABYDOGE price prediction may not be as pleasant as many would want, but it could certainly pick up with time. It is worth noting that Baby Doge Coin outperformed Bitcoin and Ethereum as well as 80% of the top 100 crypto assets in the last year. As a highly-ranked meme coin, it’s probably one of the most viable competitors to become the next Shiba Inu coin.
2. Rich Quack (QUACK)
Rich Quack is a hyper-deflationary meme coin on the BNB Chain blockchain platform. Rich Quack claims it’s actualizing a community of like-minded, hard-working individuals who can invest, build, hold, and win together. The project also plans to pay out rewards to holders by ‘frictionless yield generation’.
The team behind the project are confident that it will become the future of a safe and secure fundraising and investing platform. This will be achieved through an upcoming Launchpad. To keep reducing the supply of the token, Rick Quack employs a hefty 12% fee on each QUACK token transaction. The project’s supporters often call themselves the Quack Army.
Our Rich Quack price prediction sentiment may be bearish at the moment, but things could change positively in the coming months.
3. Dogelon Mars (ELON)
The next meme coin that can replicate the successes of Shiba Inu and Dogecoin is Dogelon Mars. Named after Dogecoin and its biggest billionaire fan, Elon Musk, the coin gained traction last year and was doing pretty well before the 2022 bear market. A popular meme coin on Ethereum and Polygon, Dogelon Mars alludes to many themes, including dogs, Elon Musk, and Mars (as a spin on the moon meme). Thanks to these themes and other attributes, it has been able to build a significant community.
ELON gained significantly during the crypto bull market of 2021. Though it didn’t quite reach the same kind of gains as DOGE and SHIB, it made significant progress. ELON holders are banking on a scenario in which ELON will build on the progress and become the next big meme coin when the next bull market happens.
Like other meme coins in this category, ELON is not having the best of times now. At the time of writing, our ELON price prediction based on technical analysis is bullish. As many as 21 technical indicators are giving bullish signals, while 6 are giving off bearish signals. The general outlook, therefore, is very positive.
4. Lovely Inu (LOVELY)
Lovely Inu is another contender in the meme coin sector that’s trying to mimic Shiba Inu’s exceptional performance. It introduces several next-generation concepts to the meme coin ecosystem, including NFTs and DEXs.
Like the other coins in this write-up, LOVELY is considered a meme coin that has a high potential to explode for many reasons. It aims to bring blockchain to the mainstream in an easy-to-understand manner. Its vision is best represented by the motto: ‘Little Love, Big Dream.’
At the time of writing, our Lovely Inu price prediction sentiment is bullish. While 3 technical analysis indicators are sending back bullish signals, 20 are signaling bearish. The coin may drop a little before gaining value, but in the next 12 months, the coin could see a rally if the market conditions allow it.
5. Saitama (SAITAMA)
Saitama (formerly called Saitama Inu) is a Web3 project that launched in June 2021. Initially riding the meme coin trend, the project moved away from its meme coin origins. It transitioned to a new smart contract in June 2022, which reduced the token’s supply to 1/1,000,000 of the old supply. In addition, 55% of all SAITAMA tokens were burned with the launch of the Saitama v2 contract.
After the June transition, the Saitama team said the project will be moving away from its meme coin beginnings, noting: “The Saitama token has left the meme category aligning with utility tokens.” The transition was clearly a success for Saitama, as both the number of new users and features have continued to grow since.
The multi-faceted portfolio of products and services that are being developed in the Saitama ecosystem includes an all-in-one crypto platform SaitaPro, decentralized trading protocol SaitaSwap, crypto payments offering SaitaPay, several native blockchain games, and an NFT marketplace. The price of Saitama is expected to spike beyond 1 cent in Q2 2023, making it one of the best penny cryptos to acquire right now.
6. Tamadoge (TAMA)
Tamadoge is one of the newest entries into the meme coin niche, but it is coming with a bang. A play-to-earn meme coin, TAMA is a gateway token to Tamaverse, a metaverse gaming environment that allows users to mint, breed and battle with their own pet that resembles the popular Tamagotchi toys of the 1990s.
As the gaming industry continues to improve and align with blockchain technology, coins like TAMA could be positioned well to achieve adoption and growth..
Our Tamadoge price prediction is deeply influenced by market factors, so a bearish forecast can turn bullish with time. In terms of potential, TAMA is a coin to beat. As the Tamaverse continues to evolve, there could be opportunities for the TAMA token to grow as well. When the crypto market eventually recovers and goes on a bullish trend, coins like Tamadoge will likely perform very well.
The bottom line: Which crypto is going to be the next Shiba Inu coin?
The days of crypto investors underrating meme coins are long gone, as Dogecoin and Shiba Inu outperformed many cryptocurrencies in 2021. It is understandable that most crypto enthusiasts can’t wait to discover the next Shiba Inu or any other crypto to explode. In fact, these coins repeatedly get featured on lists of best cryptos to buy, as they usually boast robust communities that are instrumental in building a successful decentralized project.
We’ve presented the top meme coins that could see growth once the crypto market returns to a bullish phase. We considered the nature of the individual projects as well as our algorithmic-based price forecast for each coin before picking out the top coins. Of course, you should perform your own due diligence before making the next move.
Launched in Market Cap Blockchain Platform Shiba Inu August 2020 $5.09B Ethereum Baby Doge Coin June 2021 $126.6M BNB Chain Rich Quack June 2021 $51M BNB Chain Saitama May 2021 $116.3M Ethereum Dogelon Mars April 2021 $182.2M Ethereum Lovely Inu July 2021 $3.12M BNB Chain Tamadoge September 2022 $13.2M Ethereum
*Data as of February 6, 2023
