5 Cryptocurrencies That Could Kill Elon Musk Dogecoin

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Last Updated August 2nd 2022
5 Min Read

These 5 cryptos have the potential to kill Elon Musk’s Dogecoin in 2022.

Over the past few years, the crypto market has seen a mad frenzy of meme coins like Dogecoin. Popular celebrities like Elon Musk have been steadfast supporters of DOGE, driving the price of this memecoin to the moon. But today, with the rise of multiple burgeoning sub-sectors like decentralized finance (DeFi), non-fungible tokens (NFTs), and the Metaverse, investors have already started looking for an alternative to meme coins. To help you out, here are the top 5 cryptocurrencies that could kill Elon Musk’s Dogecoin. 

 

Tamadoge (TAMA)

TAMA, the latest meme coin in the market, has the potential to kill Elon Musk’s Dogecoin in the future. 

Tamadoge, the ‘play to earn Dogecoin’, was designed to add fun and, at the same time, real utility to Dogecoin. Although TAMA is still in its initial phase of presales, the early beta stage, the crypto has garnered massive attention from investors worldwide. Like any play-to-earn game, through skilled gameplay Tamadoge allows users to generate regular rewards. Players can mint, breed, care for, and battle their Tamadoge pets, which are mintable, tradable NFTs bought with Tamadoge tokens.

TAMA is one of the top cryptos that could kill Musk’s Dogecoin because its unique technology introduces innovative use of NFTs by leveraging Tamadoge pets and Tamaverse. The metaverse platform aims to provide a unique immersive experience for its users. Each pet, structured as NFT, has its own set of strengths and weaknesses. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

STEPN (GMT)

GMT has positioned its place in the investor’s list with its unique concept of helping people live healthier while earning tokens. 

Through a novel concept known as “move-to-earn,” the STEPN crypto aims to promote a new healthy lifestyle. Gems would be received as redeemable rewards for moving a certain distance for all investors who buy a sneaker NFT. Users can earn a passive income by simply exercising. STEPN is a Web 3 lifestyle app that blends social-fi and game-fi elements.

However, the Solana-based protocol did have some roadblocks during its initial phases. But GMT gained a lot of eyeballs within a short period and recorded massive price movements. 

By efficiently incentivizing a $100 billion fitness industry, STEPN allows users to engage in a healthier lifestyle, making GMT one of the top 5 cryptos that have the potential to kill Elon Musk’s DOGE.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Ripple (XRP)

The conclusion of the Ripple vs. SEC court case would significantly trigger XRP’s value in 2022.

Along with creating a global digital payment network with platforms like Xpring, Ripple aims to bring collaboration and investment for scaling innovative blockchain projects. However, it has mostly remained on the sidelines in the past year due to the SEC lawsuit. But as the court case seems to be reaching a positive conclusion in favor of Ripple, the crypto is springing back and has the potential even to kill Elon Musk’s Dogecoin.

The utility token XRP was designed to be a fast, sustainable alternative to sending money across borders. Thanks to its largest, strongest, and most dedicated community of developers, it is one of the top cryptocurrencies to buy. 

Moreover, several banks and financial institutions have partnered with Ripple to facilitate seamless cross-border transactions. As the alliances and partnerships continue expanding to more nations, Ripple would certainly override any meme cryptos in the market. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Decentraland (MANA)

Decentraland is one of the earliest NFT projects that initiated the Metaverse revolution.

Today, investors are pouring millions of dollars into NFTs that have potential use cases for the future Metaverse. With its open virtual environment built on NFTs, Decentraland is one of the earliest platforms designed to shape the future of the Metaverse. Users can explore, create, socialize, and trade digital items, including lands, as NFTs in Decentraland. 

It has already constructed its own metaverse-like structure that users can explore through their avatars. For those looking for alternative crypto that could kill Elon Musk’s Dogecoin, Decentraland is an ideal option as several brands are setting up virtual real estate shops and virtual conferences on the platform. The increased adoption would significantly drive the price and popularity of MANA in the coming years. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Solana (SOL)

Paired with growth and advanced technology, Solana has become one of the top cryptos that could kill Elon Musk’s Dogecoin. 

Solana has seen a massive rally since its inception. It is to be noted that it was not all smooth sailing for the crypto as the blockchain experienced a major glitch that caused an outage of more than four hours. However, thanks to its dedicated team, Solana is back up, working continuously to enhance the network and avoid any future issues. 

It is basically a highly functional open-source project that provides DeFi solutions. It has become a popular platform of choice for NFTs and DeFi applications due to its high performance, high speed, interoperability, and low fees. Moreover, Solana NFTs are currently supported on major NFT marketplaces like SolSea and OpenSea. Moreover, SOL’s future seems promising, with Meta declaring that Solana NFTs would be added to the Facebook and Instagram social media networks shortly. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

The Bottomline 

This article has analyzed the best 5 cryptocurrencies that could kill Elon Musk’s favourite Dogecoin in 2022. Not only do the cryptos offer a unique concept with a fully packed management team, but they also have the potential to generate profitable returns in the long run. 

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