Best Meme Coins To Buy In 2022

Last Updated April 12th 2022
15 Min Read

Meme coins were a major talking point and could prove to be one of the cryptocurrency industry’s hottest investment opportunities in the coming months. Admittedly, investor opinion is divided as to how long the meme coin trend will last, but as we shall see, these tokens could have more to offer than first meets the eye. 

Investing in meme cryptocurrencies in 2022 isn’t as straightforward as it was before. There are now many different subsections of the market to consider, such as DeFi, crypto gaming, NFTs and, of course, metaverse coins. Each has its own strengths and weaknesses but virtually all have experienced significant growth over the last 12 months.

What are the top meme coins to buy in 2022? Currently, there are thousands of cryptocurrencies, getting the best meme coins to buy can be very difficult especially if you are new to the space. This article considers some of the top meme coins that will explode in value. 

Best Meme Coins to Buy in 2022

Choosing the best meme coin to buy is a little different than choosing mainstream tokens as we have to consider not only the technical particulars of a project but also its popularity and the likelihood that it will see a price run in the near future.

Of course, nothing is guaranteed, but our picks for the top meme coins of 2022 are:

  • Dogecoin - The Original Meme Coin And Musk’s favourite Cryptocurrency 
  • Shiba Inu - The Dogecoin Killer, Attracting The Big Whales 
  • Safemoon - DeFi Token That Rewards Current Holders 
  • Akita Inu - Offers Cross-Chain Interoperability
  • Samoyed Coin - The Solana’s Ambassador 
  • Monacoin - Best Meme Coin For Fast Online Payments And Tipping
  • Dogelon Mars - Top Meme Coin With Great Growth Potential
  • Dogedash - Popular Meme Coin Reward In Play-To-Earn Game
  • Dogs of Elon - Best Meme Token For NFTs
  • Hoge Finance - Auto-Staking Meme Token With Limited Supply

You can buy these top meme coins on the best crypto trading platform, eToro.

 

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A Closer Look at the Best Meme Coins 2022

The list of the leading meme coins below are worth considering adding to your portfolio. 

1. Dogecoin – The Original Meme Coin And Musk’s favorite Cryptocurrency 

Dogecoin is the original meme coin and is still benefiting from its connection with Elon Musk. In the past, Musk has posted cryptic tweets and expressed his desire to HODL Dogecoin. He has also vowed to launch a satellite funded entirely by Dogecoin, making it the “1st crypto in space.” The value of Dogecoin also surged by 10% when it was announced that Musk had acquired a majority stake in Twitter. 

The reality is that Dogecoin still has the biggest online following of any other popular meme crypto token and if it continues to hold favor with Musk, then there is every chance we could see another major Dogecoin upswing in future. If you’re new to meme coins and looking to dip your toe in the water, then Dogecoin is arguably the best meme coin to buy.

Dogecoin price chart

Don't Miss: Dogecoin Price Predictions

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2. Shiba Inu – The Dogecoin Killer, Attracting The Big Whales 

Shiba Inu is one of the best meme coins to buy for the long term. It’s also considered one of the most undervalued cryptos in 2022.

Shiba Inu emerged in 2020 and was self-styled as a Dogecoin Killer. Using the familiar Japanese dog breed as its icon, Shiba Inu made no efforts to hide its meme coin credentials and has always been a community-driven project. Admittedly, Shiba Inu didn’t quite manage to topple Dogecoin, but it did see a somewhat impressive price run in 2021, surging in value by over 21,000%.

Such significant price movement has done wonders for Shiba Inu’s profile and so it is now one of the most well-known and leading meme coins out there. But Shiba Inu has also made some impressive developments - launching its own proprietary DEX as well as additional staking protocols to allow holders of SHIB to earn more crypto. According to its website, the Shiba Inu project will soon enter the Metaverse, with virtual real estate platform Shiba Lands. Making the digital asset one of the best meme coins to buy this year.

Shiba inu price chart

If you want to invest in cryptocurrency and are looking for the most promising meme coin, we recommend SHIB. 

Check Out: Shiba Inu Price Predictions

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3. Safemoon – DeFi Token That Rewards Current Holders

Safemoon is another relatively new meme cryptocurrency, having arrived on the scene in March 2021. This was in time to join the surging meme coin trend and SAFEMOON’s token price saw some pretty impressive movement early on, surging by tens of thousands of percentage points in May of that year.

So what makes Safemoon one of the top meme coins? Arguably its most notable feature is the fact that Safemoon charges a fee for selling the token. Whenever anyone offloads Safemoon tokens, they pay a 10% fee. Half of this fee is then redistributed amongst remaining token holders, whilst the other half is added to liquidity pools to ensure there is always a supply for potential buyers. The idea is that the fee will deter pump-and-dumps and could, in theory, bring some stability to Safemoon - which would certainly make it stand out against other meme coins. 

SAFEMOON price chart

Read Also: SafeMoon (SAFEMOON) Price Predictions

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4. Akita Inu – Offers Cross-Chain Interoperability

Akita Inu is another best meme coin, named after a slightly different breed of Japanese dog, that styles itself as the ‘little brother’ of Dogecoin and Shiba Inu. However, it isn’t lost on us that the Akita Inu is actually a bigger dog than the Shiba…

Akita Inu has focused on community from the outset. According to its website, the developers behind Akita Inu wanted to build a community first, then work to turn their meme coin into a fully-fledged cryptocurrency with “various use cases”.

The meme token is built on Ethereum and shares many similarities with Shiba Inu. However, the Akita Network has announced that it has bridged to Avalanche and so now offers cross-chain interoperability. 

Akita Inu price chart

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5. Samoyed Coin – The Solana’s Ambassador

Samoyed coin is another part of the list of meme coins that you should watch closely. 

Launched back in April 2021, Samoyed Coin is a meme coin built on the Solana blockchain. The meme token was set up by Solana co-creator Anatoly Yakovenko and owner of the FTX crypto exchange, Sam Bankman-Fried. The leading meme coin, which incidentally is named after another breed of dog, this time from Siberia) was set up with the sole intention of fostering an online community that would help Solana appeal to the masses. 

SAMO is touted as having superior tokenomics and more transparency than other leading dog coins. The developers behind the token also claim that it is able to offer faster, cheaper transactions than its Ethereum-based peers. Samoyed Coin is effectively designed to be an outreach program - a marketing tool that will help onboard new users and increase uptake of the Solana blockchain. It seems to have been reasonably successful so far, and SAMO is currently amongst the top five tokens in terms of market capitalization.

Samoyed coin price chart

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6. Monacoin – Best Meme Coin For Fast Online Payments And Tipping

MonaCoin is one of the older meme coins out there, dating back to 2013 (the same year Dogecoin launched) and breaks the mold somewhat in that it uses a cat as its mascot. The token was launched in Japan and gained a fairly big following off the back of a television ad campaign. 

Being an older token, Monacoin meme coin is very similar to Dogecoin in that it is a fairly simple value-exchange system that uses a proof-of-work consensus mechanism. And, much like Dogecoin, Monacoin has carved out a niche for itself as a preferred cryptocurrency for tipping online. Once again, the crypto project has focused on building a community and, whilst it is undoubtedly most popular in its native Japan, it has now started to get more attention worldwide. 

Monacoin price chart

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7. Dogelon Mars – Top Meme Coin With Great Growth Potential

It’s fairly easy to work out the associations of Dogelon Mars from its name. The project was unashamedly set up to ride the coattails of Dogecoin and the support it received from Elon Musk. The website features the following call to action: “I am Dogelon. Dogelon Mars. Join me and together we will reach the stars.” Again, this says a lot about the project’s objectives.

What makes Dogelon Mars (ELON) stand out is that it is not trying to be anything else. It has built its project around a cartoon character and even has its own comic strip. Dogelon Mars aims to build a community to replicate Dogecoin’s success, plain and simple. It’s been included in our list because it has quirky branding that could appeal to the younger online crypto crowd. 

Dogelon Mars price chart

Don't Miss: Dogelon Mars (ELON) Price Predictions

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8. Dogedash – Popular Meme Coin Reward In Play-To-Earn Game

Dogedash meme coin brings something a little different to the table. Whilst it has positioned itself well within the top meme coin trend, Dogedash is actually a play-to-earn game that allows users to earn the DOGEDASH cryptocurrency. It was set up by Grammy-nominated creative director Paul Caslin and the team behind it features some top names in the gaming and crypto worlds. 

The game itself is fairly simple. It involves a cartoon dog running along a screen and users have to help it overcome obstacles and collect power-ups as the game progresses. This game format has proven hugely successful over the years and DogeDash is seemingly hoping to cash in on the meme coin trend along with people’s appetite for nostalgia. Given that play-to-earn gaming has been going from strength to strength in recent years, we think DOGEDASH could definitely be a meme coin to watch in the near future. 

DOGEDASH price chart

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9. Dogs of Elon – Best Meme Token For NFTs

Another meme coin evoking Elon Musk with its name, the Dogs of Elon is actually a pretty unique project in the meme coin space. It aims to be a rival to the NFT CryptoPunks platform, by providing its own collection of over 10,000 NFTs for sale on the OpenSea marketplace. Dogs of Elon also features a quirky 8-bit style play-to-earn game. According to the website, Dogs of Elon is seeking to “unify all meme communities”.

So why is Dogs of Elon on our list? The project has several developments in the pipeline, including the launch of its own proprietary Dex which will allow DOE holders to stake their tokens. The platform is also aiming to launch its own NFT marketplace and further down the line it has teased many other promising updates. We think these updates could do a lot to boost Dogs of Elon’s profile and could well drive up the price of its DOE token. 

Dogs of Elon price chart

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10. Hoge Finance – Auto-Staking Meme Token With Limited Supply

Hoge Finance meme token was launched in 2021 and is essentially a DeFi auto-staking platform built on the Ethereum blockchain. On the surface, it looks similar to most other meme tokens, with easily identifiable branding as well as its own NFT collection. Of course, these features are essential for any project that is seeking to build a strong community.

What makes Hoge Finance stand out from the other tokens on this list is its tokenomics, which, much like Safemoon, effectively reward people for holding HOGE. Firstly, the initial supply of 1 trillion HOGE is the total supply. There will never be more tokens minted. The platform also levies a 2% ‘tax’ on all transactions. Of that, 1% is burned and the other 1% is distributed among HOGE holders. This means that HOGE is also a deflationary currency that will become scarcer as time goes on. 

Hoge Finance price chart

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What Exactly Is A Meme Coin?

meme coins

In the simplest sense, meme coins are tokens that are inspired by internet memes. However, if the latest token names are anything to go by, the trend arguably now centres around a combination of an old meme of a Shiba Inu dog and, to some extent, Elon Musk. 

Meme coins are undoubtedly one of the strangest phenomena to come out of the cryptocurrency market. The trend started with Dogecoin and was originally something of a joke. Back in 2013, the buzz around the cryptocurrency market was huge, as by then Bitcoin had made the first crypto millionaires. Dogecoin was created by software engineers Billy Markus and Jackson Palmer as a way of satirising the wild speculation that surrounded the cryptocurrency market at the time.

However, despite being set up to poke fun at the big players, Dogecoin has gone on to become one of the biggest names in the industry, at one point edging its way into the top ten tokens in terms of market capitalization.

There has also been a slew of other meme coins coming to the market and some, including Shiba Inu and Safemoon have also made an impact. At the time of writing, there are more than 250 meme coins in existence. 

Meme Coins In 2021

The meme coin phenomenon, as it exists today, really got started in 2021. Despite having launched in 2013, Dogecoin attracted very little attention until a buying frenzy sent its price up by around 800% in less than 24 hours in January last year. After this, investor appetite for meme coins suddenly increased and these alternative projects were seen in an all-new light.

So what led to this sudden price rise? Well in late 2020/early 2021, beleaguered games retailer Gamestop was being pushed into oblivion by short-selling investors. However, fans of the company got together on the subreddit /WallStreetBeats and organized a buying campaign, which quickly gathered pace and sent the price of Gamestop soaring. A short time after this, the same thing happened with Dogecoin, as Reddit users tried to recreate the Gamestop surge. 

The Dogecoin campaign was helped by several timely tweets and public comments from Tesla billionaire Elon Musk, which appeared to promote Dogecoin. This fuelled the DOGE buying frenzy and made headlines around the world.

Since then, meme coins have established an almost cult-like following and the online communities of the top tokens have demonstrated their ability to orchestrate these buying frenzies on multiple occasions. 

Investing In Meme Coins

Investors are wary of meme coins, that’s for sure. They have been described as little more than short-term fads driven entirely by popularity, with no genuine value or real-world use cases. They are also noted for their high volatility. However, which of these things has not also been said of Bitcoin? Realistically, the original cryptocurrency gave up any pretense of being a digital alternative to cash a long time ago. As such, its price is now largely driven by investor sentiment.

This is an important point to note, too. Bitcoin cannot boast the performance statistics of the latest smart chains like Cardano and Solana, but it continues to be the number one cryptocurrency on the planet. Therefore, we’d argue that the case against meme coins isn’t quite as open and shut as some would have you believe. If these tokens maintain their popularity, then there’s every chance that we will continue to see these sudden price spikes. 

It’s also worth pointing out that, despite their lighthearted origins, many of these tokens are based on solid technical fundamentals. Dogecoin, for example, was based on the Litecoin blueprint.

However, it is also important to note that the hype surrounding meme coins has only been of any real significance since 2021. At this stage, it is still very much a ‘trend’. As such, it's important for investors to consider the USP and technical advantages of each project, rather than go by their current popularity. 

Read Also: How To Invest In Meme Coins

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What Makes A Meme Coin Valuable?

meme coins

Branding is everything when it comes to meme coins. If we consider memes themselves, then despite there being thousands - probably millions - circulating online, only a few of them have become certified classics. The same is true of meme tokens. In order for them to be successful, they must strike a chord with their target audience and foster a community that can gather significant momentum. 

To some extent, potential investors can simply use their judgment. If a meme coin looks like it has good branding and the potential for widespread appeal, then this alone can make it worth considering. Ultimately, there is only room for a handful of meme coins to reach the same levels of notoriety that Dogecoin has, it’s just a case of finding which ones. 

Conclusion

There’s no denying it, investing in meme tokens is a risky business. But many of the projects above boast just as many real-world credentials as many other top cryptocurrencies and many of them have quickly been able to build loyal followings online - which is certainly a good sign when it comes to meme coins.

Realistically, the cryptocurrency market is all about momentum. If a cryptocurrency can generate enough buzz and maintain a high profile, then there’s every chance it can offer returns for investors–Dogecoin is living proof of this.

However, picking a winner is not easy. The communities supporting Dogecoin and Shiba Inu have demonstrated their ability to drive prices sky high, but many of the tokens on our list are unknown quantities–buying these tokens is effectively a bet that they will trend in future. 

Celebrity endorsement also appears to have a much bigger influence on meme coin prices than on more mainstream tokens. Once again, it's very difficult to predict if and when a major figure (such as Elon Musk) might issue a comment on a project that drives its price sky-high. It's also equally possible that negative publicity or criticism will drive prices down. 

Where To Buy Meme Coins

If you’re looking to buy meme coins, then you’ll need to find a broker or exchange that can give you access to the cryptocurrency market, as well as a wallet to store your tokens. Given that tokens are built on different platforms, it's possible you may need more than one wallet. Similarly, the lesser-known meme coins are often not listed on major exchanges so you may need to open more than one trading account. 

For a good place to start, we recommend opening an account with eToro. Not only is it one of the leading exchanges on the market, but it also lists several top meme coins, including Shiba Inu, Dogecoin and Apecoin. This makes the platform ideal for those looking to start adding meme coins to their portfolios. 

eToro – Best Place To Buy Meme Coins

Open an account with eToro, deposit some funds with USD, and finally – buy meme cryptos for just $10.

eToro cryptocurrency trading

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FAQs on Best Meme Coins 2022

What is a meme coin?

Meme coins are cryptocurrencies that are inspired by memes. Whilst this can be any meme, most of the top tokens follow a similar theme–based on a Japanese breed of dog called Shiba Inu. The original meme token, Dogecoin, started life as a joke, but it has gone on to become one of the most well-known cryptocurrencies and now, almost nine years after its launch, it remains a top tier cryptocurrency in terms of market capitalization. 

Is Dogecoin finished?

Many people have made the mistake of thinking that Dogecoin was finished throughout the years, but 2021 proved that this token still commands a huge following and its ongoing support from Tesla billionaire Elon Musk suggests that the old dog could have a few new tricks left to play. 

Are meme coins a good investment?

Meme coins have demonstrated their ability to undergo significant price hikes - sometimes overnight. They have also become one of the biggest trends in the cryptocurrency space over the last year or so. However, these are risky investments and it can be difficult - if not impossible - to guess which the next big success story will be. Whilst Dogecoin remains the top meme coin, it will ultimately be the communities supporting these tokens that make the difference. Meme coins should be included in a diversified portfolio that also includes lower-risk investments. 

How do I buy meme coins?

Meme coins can be bought and sold on cryptocurrency exchanges the same as any other token. However, you may find that the newest meme coins are not as widely listed as some of the bigger names out there. We recommend eToro as a good starting point, as it lists several popular meme coins and is never slow to add new tokens to its books. 

Is Shiba Inu a scam?

Shiba Inu has often been criticised for providing little value to the cryptocurrency sector. Whilst it may have started as a Dogecoin clone, the project has now evolved into a complete DeFi platform with its own exchange, several ways of staking and even an NFT artist accelerator programme. Whilst it might not be one of the safest investments on the market,  Shiba Inu is very far from being a scam. 

Read More:

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