Best Meme Coins of 2022
Meme coins are all the rage right now in the crypto-space. Even people who don’t actively invest in crypto have heard of Dogecoin. It’s too hilarious, and the subject of too many memes, to not know. While they’re funny, many look to make real investments into meme coins. Here are the best meme coins to watch in 2022:
Dogecoin
The OG of meme coins, Dogecoin has the highest market cap of all meme coins to date. It has been listed as one of the top shitcoins on the market and the most undervalued cryptocurrency in 2022. Formed in 2013, Dogecoin was the leading ‘joke’ currency in the space during the rise of altcoins. Infamously, Dogecoin’s mantle was picked up by the very eccentric Tesla and SpaceX CEO, Elon Musk, who for a time changed his Twitter bio to “CEO of Dogecoin”.
But jokes aside, Dogecoin is listed №32 on Coin Market Cap by market capitalization, has over $82M in volume, and is listed on over 270 exchanges. Dogecoin is to shitcoins, what Bitcoin is to utility coins — the original, and here to stay.
Shiba Inu
Shiba Inu, created in 2020 with intent to topple Dogecoin’s reign as the king of the meme coins, has been aptly nicknamed the “Dogecoin killer”. With a surge of 21,000% during the 2021 crypto bull run, Shiba has become one of the best meme coins to invest in.
But, the Shiba team doesn’t plan on persisting with just fanfare and have taken steps to keep the project relevant to investors. Enter: the metaverse. Shiba Inu is looking to introduce virtual real estate in the metaverse, called Shiba Lands. The token can be used to purchase land in the SHIB metaverse, and earn passive income through their purchases. This is a new and exciting prospect in the crypto market.
Dogs of Elon
Dogs of Elon is an interesting alternative to most meme coins in the space. It markets itself as an alternative to CryptoPunks, creating a popular NFT avatar alternative. Dogs of Elon is a governance token meant to manage the DAO for customizable smart contracting. It offers special NFT collections and is also looking to move into the gaming space. To date, Dogs of Elon has been one of the best-performing meme coins in the space.
MonaCoin
MonaCoin is the older, lesser known meme coin. Created back in 2013, MonaCoin has a thriving community in Japan and is based on the popular Japanese ACSII art cat character, Mona. It is an open-source, decentralized project that boasts some of the highest transaction speeds of any meme coin at 1.5 minutes per block. Mona was a fork of the famous Litecoin, and uses the Lyra2RE protocol.
A good reason to keep an eye on MonaCoin is its age — MonaCoin saw a massive bull run back in 2017 — before meme coins were as popular as they are now — and hit an all-time high of $20.33 in December 2017. Mona is currently trading at around $1, indicating that you could see considerable gains in the coming years.
Hoge Finance
Hoge Finance, formerly HogeCoin, possesses strong tokenomics and a deflationary model that supports the token’s increase in price. Hoge Finance has also undergone the Certik audit, a verification audit that the company offers other blockchain protocols, DAO’s, and dApps.
The project is built on the ERC-20 coin and has a capped deflationary supply. It is a staking protocol with a hard-cap limit of one trillion tokens. Additionally, no tokens were allocated to the founding team, which makes the risk of a pump-and-dump situation much lower.
Samoyed coin
Samoyed Coin was created with the purpose of onboarding and educating more users on the Solana ecosystem. This project was developed and launched by FTX founder Sam Bankman-Fried and Solana founder Anatoly Yakovenko. Given its founding team, Samoyed coin is the strongest meme project that has aligned itself with Solana.
Outside of expanding the Solana community, the Samoyed coin community is focused on creating scarcity for its coin, undertaking three burns since the coin was created. Investors are shying away from ‘fiat crypto’ such as Dogecoin, which mint as much token as they see fit, and are moving towards coins, even meme projects, that have a deflationary tokenomic models to sustain long-term price growth.
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