Best Meme Coins for Investments In August 2023

Within the realm of cryptocurrencies, meme coins have always presented some of the best investment opportunities. It's true that they have a heightened volatility. But they also add a sense of entertainment into the investment. Following an analysis of meme coins for the current month, We are presenting a catalog of the top 7 meme coins. These coins seem to have a great potential for price increase and profit generation.

However, It is crucial to know that this content is intended just for informational purposes. And it is not trading advice. So please do your independent research before making any investment choices.

Milady Meme Coin (LADY)

Milady is an NFT-centric meme coin related to the popular Milady NFT collection. These NFT images are getting used as profile pictures among crypto lovers and influencers on social media. As of right now, these NFTs have a great liquidity in the market. So usually they can be sold or bought fast and easy. LADY seems promising for profitable short-term invest. Specially for those who have a good understanding of the NFT market dynamics.

Shiba Inu Coin (SHIB)

The Shiba Inu Coin has already captured significant attention and popularity for various reasons. However, the launch of Shibarium adds another good reason for buying and storing a portion of these tokens in your personal portfolio. Shiba Inu has excitingly revealed its plans to introduce its independent blockchain named Shibarium. And it is going to be done within the current year. After that, SHIB could potentially reach remarkable levels such as its previous all-time high, or even higher.

Baby DogeCoin (BABYDOGE)

Baby DogeCoin combines meme coin status with a mission towards supporting dog-related charities. A remarkable feature is its commitment to redistributing 5% of transaction fees to all holders. That's why it is an appealing option for long-term investments. The big and active community behind this token proves its potential and social impact.

Samoyedcoin (SAMO)

SAMO lives within Solana's ecosystem and stands as a community-driven meme cryptocurrency.  It is designed to support and promote the Solana ecosystem. Solana's blockchain is widely known for its ultra fast transaction speeds and being nature friendly. The community behind this token happily provides valuable assistance to newcomers. They tend to help people who are not familiar with DeFi, learn how to trade crypto tokens.

Blur (BLUR)

Blur stands out with its primary use case which is a NFT marketplace. This platform is designed for professional traders. Because instead of getting engaged in social media activities, They focus on functionality. Moreover, BLUR provides advanced portfolio management tools. They give you analytical insights that help you to make better decisions in your investments. In conclusion It seems a potentially good choice for long-term profit.

Wall Street Memes (WSM)

A newly launched meme coin with an extraordinary huge social media presence with over one million followers. Wall Street Memes gained significant attention during its presale, raising over $25 million. Though lacking true utility, its strong online presence and so many advertisements and press releases everywhere, made it a potential candidate for rapid price increase probability. Consider a cautious investment and keep monitoring its social media-driven news while you invest.

Sonik Coin (SONIK)

Its a meme coin created on the Sonic the Hedgehog theme. Sonik Coin is currently in its presale phase.  It yet does not seem to have real-world use cases. However, its relatively small hard cap of $2 million has already attracted investors interest. Its rapid increase of market cap during the presale means potential for reaching its hard cap, making it an option to watch and possibly invest in.

Ultimately, these meme coins seem more likely to have an increase in price sooner or later. However, it's important to conduct your own research before making any investment decisions. The meme coin market is known for its volatility, and as always, investments should be made with an understanding of your risk tolerance and financial capacity.