Meme coins have recorded exponential growth over the past two years. While they don't have much in fundamentals, they have vibrant communities and high-profile influencers marketing them aggressively. This has helped drive demand, and in the process, meme coins have ended up outperforming the more fundamentals-driven cryptocurrencies.
For instance, Shiba Inu rallied by 48,000,000% less than a year after launch and made millionaires out of people with very little capital invested.
That's why it is reasonable to have a small portion of your capital invested in meme coins. Now, let's go through nine of the best meme coins that could make you a millionaire in 2022.
- Shiba Inu (SHIB)
- Dogecoin (DOGE)
- Samoyedcoin (SAMO)
- Safemoon (SAFEMOON)
- Dogelon Mars (ELON)
- Baby Floki (BABYFLOKI)
- Baby Dogecoin (BABYDOGE)
- MonaCoin (MONA)
- HOGE Finance (HOGE)
Best Meme Coin: Shiba Inu (SHIB)
Shiba Inu is not just a meme coin but also one of the assets with the highest ROI in recorded history.
Shiba Inu launched in August 2020 to ride on Dogecoin's growing hype. It turned out to be an instant success, and as of April 2021, SHIB had a profit of 47,000,000%. Essentially, anyone who invested just $500 in SHIB back in 2020 was a multi-millionaire by April last year.
While Shiba Inu has struggled since then, the odds are still in its favour, not just in 2022 but for years to come. One thing that favours SHIB is its big name. Since its history-making price rally of 2020/21, many people now know about SHIB. As such, it is likely to draw in the most of new money looking to speculate on another meme coin bubble.
Besides, the Shiba Inu team has been adding utility to the token. This strategy seems to be working, and Shiba Inu has bagged several companies that now accept SHIB as payment. Some of the more notable ones include Flexa Payment Network, AMC Entertainment, and Ask the Doctor.
The Shiba Inu team is also working on a Metaverse platform, an aspect of crypto that could be worth trillions in the coming years. Essentially, SHIB is intrinsically stronger than it was in 2021, and that's a good indicator when looking for a meme coin that could make you a millionaire.
Check Out: Shiba Inu Price Predictions
Dogecoin is the king of the meme coins in terms of market capitalization. It is Dogecoin that triggered the meme coin rally of late 2020, and it still continues to hold a lot of sway in this segment of the market. For instance, in 2021, it trounced Bitcoin and other cryptocurrencies to become the number one searched cryptocurrency in the USA.
The biggest factor that has kept Dogecoin relevant in the last two years is Elon Musk. Musk triggered the Dogecoin rally of 2020/21, and he is still heavily involved with DOGE.
His commitment is evident in Tesla accepting Dogecoin for some of its merchandise. Musk has also been urging other companies such as McDonald's to start accepting Dogecoin payments, and all these have positively impacted Dogecoin's price.
With more people now aware of Dogecoin's potential, Elon Musk's tweets could have a much more significant impact on the price in the future. The potential for Dogecoin to make you a millionaire in another meme coin rally is quite high.
Don't Miss: Dogecoin Price Predictions
Meme Coin: Samoyedcoin (SAMO)
Aside from Dogecoin and Shiba Inu, Samoyedcoin is a meme coin with the most realistic prospects of making you a millionaire. There is a lot that favours this meme coin's potential to go parabolic in 2022.
For starters, Samoyedcoin has an intrinsic value in the payments market. It is designed for fast transactions and is highly scalable. This makes it prime for adoption compared to many meme coins that have little value beyond speculation.
Samoyedcoin also has built-in scarcity through coin burns. Since it launched, it has done three coin burns. As more of these happen, they create a lower supply relative to its demand. The result is a potential parabolic price run.
It is also noteworthy that Samoyedcoin has positioned itself as a Solana ambassador. This is a big deal considering that Solana also happens to be one of the most sought-after cryptocurrencies in the market today.
For its close relationship to Solana, utility, and coin burns, Samoyedcoin could rally in the year.
Safemoon made millionaires out of many small investors in 2021. After a more than 2,000,000% rally, pretty much anyone who invested a few hundred dollars in Safemoon in 2021 became a millionaire.
Now that bulls are getting back into the market, Safemoon stands out among the meme coins that could make you rich in 2022.
One thing that makes Safemoon a high potential meme coin is its built-in mechanism that discourages selling. Anyone who decides to sell Safemoon has to deal with a 10% fee.
Essentially, in a bull market when money flows into crypto, Safemoon experiences a massive surge in demand relative to the supply available in the market. This played in Safemoon's favour in 2021 and is likely to play in its favour in 2022.
Safemoon also has a very vibrant community that strongly excites all the good things in the pipeline. For instance, NFTs are now a big thing, and there is a lot of hype around an upcoming Safemoon NFT exchange.
All these factors could see the Safemoon meme coin go parabolic this year.
Next Meme Coin: Dogelon Mars (ELON)
Elon Musk is an influential figure in crypto, especially concerning meme coins. For instance, in 2020/21, he excited Dogecoin and saw it record gains of over 12,000%.
Many other cryptocurrencies have leveraged his influence since 2020, with a high degree of success. DogeLon Mars is one of those leveraging Elon Musk's influence, which makes it a meme coin that could make you richer.
Dogelon aims to leverage Elon Musk's goal of landing humans on Mars. Since Musk has been open to the idea of using cryptocurrencies for interplanetary commerce, Dogelon could benefit from the hype in a similar way to Dogecoin in 2020.
Add to that the hype that meme coins have been drawing recently, and it is easy to see why Dogelon has good prospects both now, and in the long run.
Don't Miss: Dogelon Mars Price Predictions
Baby Dogecoin (BABYDOGE)
Baby Dogecoin is an ERC-20 token that was built to ride the meme coin wave of 2020/21. Baby Dogecoin has a number of interesting features that could see it mint millionaires in 2022.
One of Baby Dogecoin's most interesting features that could see it rally in 2022 is its coin burn. Already 41% of the total supply has been burned to a dead wallet. This is a big deal as it means that demand will be chasing a very limited number of coins in the long term.
This is a factor that could easily see Baby Dogecoin rally in 2022 and make you a millionaire even if you don't have hundreds of thousands to throw at the cryptocurrency market.
Meme Coin: Baby Floki (BABYFLOKI)
Baby Floki is a BEP20 token and has recently grown in popularity due to its exponential growth rate. Baby Floki is named after Elon Musk's dog. It is also closely related to Dogecoin in that, it rewards holders with Dogecoin tokens.
This strong connection to Elon Musk means that another Elon Musk pump of Dogecoin could also uplift Baby Floki. That's why it makes it to the list of meme coins with the potential to make you rich in 2022.
MonaCoin is one of the closest to Dogecoin in terms of meme coin longevity in the market. It entered the market in 2014 and is based on a Japanese ASCII character that looks similar to a cat.
One thing that stands out about MonaCoin is its low supply. Unlike most meme coins whose supply runs in the trillions, MonaCoin's total supply stands at 105 million coins. It is also pretty decentralized, because it was forked off Litecoin, and no coins were pre-mined.
While MonaCoin has not recently drawn as much hype as the other meme coins, its core metrics, especially tokenomics, are pretty sound. As money starts flowing back into crypto and excitement around meme coins returns, MonaCoin could make you a millionaire in 2022.
New Mem Coin: Hoge Finance (HOGE)
Hoge Finance is one of the safest meme coins out there because it successfully completed a Certik audit. This is a big deal considering that scams and crypto hacks are pretty common in the low-cap segment of the cryptocurrency market.
Hoge coin is also a deflationary meme coin, which means as more investors come in, they will put upward pressure on the price. The team has also been looking to develop a DAO, which will make Hog Finance (HOGE) even more decentralized.
Considering that DAOs are taunted as the next big innovation in capitalism, it could trigger excitement around Hoge Finance. Couple that with the fact that HOGE has been flying under the radar for a while, and it's not hard to see why this meme coin that could make you a millionaire in the coming years.