Check out the best meme coins in the market right now.
Despite the volatility, the cryptocurrency market continues to grow in popularity. One aspect of the cryptocurrency market that seems to be gaining traction is meme coins.
After meme coins showed their potential to create millionaires in the last bull run, many investors are more interested in them than ever before. The only challenge is an explosion of meme coins in the market.
This makes it difficult to tell which ones are worthy investments and which ones are not. To simplify the process for you, we have compiled a list of the best 5 meme coins that could explode in 2022.
Dogecoin is our number one pick for the best meme coins to buy for the long term. It’s also considered one of the most undervalued cryptos in 2022. It was initially created in 2013 as a comedic take on the sudden growth of alternative currencies (altcoins) following Bitcoin’s popularity. The memecoin has since evolved and become a tipping crypto asset for holders.
Now, Dogecoin is considered the king of the meme crypto ecosystem and has been popularized by entrepreneur and billionaire Elon Musk. The Tesla and SpaceX CEO played a principal role in the boom of the meme coin niche when it inched close to $1 in value as DOGE tapped out at 73 cents. Meanwhile, Musk has not given up and is still known to be a stalwart supporter of the meme coin.
Dogecoin is far from its 2021 high, but the digital token is still part of the top 5 meme coins that could explode soon. Keeping in tandem with its popularity, the coin has continued to see massive adoption. TV streaming company Sling TV announced that it would accept DOGE as payment for its services. This was corroborated by crypto payment company BitPay.
Experts believe Dogecoin is a meme coin that could give exponential gains in 2022 and outperform other meme coins.
Shiba Inu (SHIB)
The meme coin race has been made even interesting with Shiba Inu’s launch in late 2020. According to its anonymous creator Ryoshi, Shiba Inu is a spontaneous experiment on the community-driven initiative. This is a part-piece attempt to topple Dogecoin on the meme crypto crown and install Shiba Inu as the top meme coins for investors.
The crypto is thus nicknamed the ‘Dogecoin killer.’ Despite playing second fiddle to Dogecoin, it surged over 21,000% in the climax of the 2021 price rally, making SHIB one of the best 5 meme coins that could explode in 2022.
However, Shiba Inu does not aim to take over the top spot with just social media hype and fanfare. The team has been churning several use cases to keep the project relevant and top-of-mind for investors. One of the most recent is a foray into the Metaverse. According to a blog post on its website, it is looking to introduce virtual real estate called Shiba Lands.
Akita Inu (AKITA)
Akita Inu is another token on the list of meme coins that could explode this year. A decentralized community project, Akita Inu, is based on the Ethereum network. The project has humble beginnings like Shiba Inu and was developed by a band of meme crypto enthusiasts rather than a core team.
The project is also a social experiment and aims to be a top meme coin that bonds people of like minds in a collective drive. Akita Inu claims that half of its token supply has been forwarded to Ethereum co-founder Vitalik Buterin and the remaining supply amount sent to a UniSwap account for liquidity. The project has continued to expand its appeal and now enjoys cross-chain interoperability with the Avalanche blockchain.
Dogelon Mars (ELON)
Dogelon Mars is a spin-off from the most popular meme crypto figure, Dogecoin. Seeking to boost its appeal, the founders have also tapped on Dogecoin’s principal supporter Elon Musk and have combined both figures to form the project.
As with most meme cryptos, Dogelon Mars is community-driven and decentralized. The major narrative of the project is around the planet of Mars and shows how the dog-themed in-game meme travels through the galaxy and meets new friends. Dogelon Mars also comes with no known figure, as is the usual trend around meme coins.
The native ELON token has largely traded for a fraction of a dollar, but the meme coin has amassed strong followership. The meme crypto comic has over 650K followers on Twitter and 90K+ on Telegram, making it one of the top 5 meme coins that could explode this year.
Samoyed Coin (SAMO)
Samoyed Coin is a popular meme coin from the stables of the Solana blockchain. Samoyed Coin was formed from the combination of Solana backer and owner of FTX crypto exchange Sam Bankman-Fried and Solana creator Anatoly Yakovenko. The Samoyed Coin has become a popular meme coin on the Solana blockchain and the larger crypto market due to its core mission of onboarding more users into the crypto space using a fun-themed digital asset.
However, the joke crypto focuses on bringing in new Solana users, educating market participants, creating personal connections, and helping token holders maximize their potential return. Samoyed Coin is the public face for meme coins on the Solana blockchain and is one of the meme coins that could explode in 2022.
Making a choice on the best meme coin to buy in 2022 can be difficult. Based on various considerations, these are the top 5 meme coins that could explode in 2022, according to crypto experts. That said, remember to perform due research before investing in any crypto asset.