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January 21, 2022
Analysis

Five Best Meme Cryptocurrencies To Keep An Eye On In 2022

Meme tokens are cryptocurrencies with elevated reputation inside a brief interval. The exceptional acceptance of this kind of cryptocurrency comes from the actions of retail traders or influencers. As a outcome, the meme cryptocurrencies have skilled super development all through 2021. This explains the brand new market capitalization of the coins, which is greater than 43 billion.

The meme cryptocurrencies are gaining extra adoption in numerous sectors, of which Dogecoin and Shiba Inu are the highest tokens with astronomical will increase. In addition, some firms like AMC Theatres, Guaranty Escrow, EasyDNS, and others now settle for Dogecoin for cost.

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Here are a few of the meme tokens you may embrace in your digital portfolio.

Dogecoin (DOGE)

Dogecoin has taken the lead is the highest and most worthwhile meme coin on your funding. With the affect of Elon Musk, the CEO of Tesla and SpaceX, Dogecoin, witnessed vital development in 2021. Furthermore, the billionaire CEO, Musk, introduced in December 2021 that Tesla adopted Dogecoin as one of many cost choices.

Besides Tesla, different firms have an interest on this fast-growing dog-themed meme coin. For instance, AMC Theatre, one of many outstanding theatres with essentially the most vital variety of branches, indicated its acceptance of DOGE as a cost methodology.

meme tokens
DOGE at present is dealing with a dip | Source: DOGEUSD on Tradingview.com

The transfer of this quantity meme token has put its market cap at 22.7 billion whereas its price on the time of writing is $0.1582 exhibiting a dip of seven% inside the final seven days. Dogecoin had its all-time of $0.73 on May 3, 2021. Analysts predict that this meme coin will hit $1 in just a few months from its price efficiency.

Shiba Inu (SHIB)

Shiba Ina Coin has made a exceptional improve making its approach to the highest ten cryptocurrencies. SHIB stands as one of many prime meme tokens for worthwhile funding with its price efficiency.

meme tokens
SHIB follows a downward pattern | Source: SHIBUSD on Tradingview.com

It has competitively raced with Dogecoin to emerge as ‘the most searched cryptocurrency for 2021’. Coinmarketcap gave a report of greater than 188 million views for Shiba Inu as the highest as Bitcoin follows behind it with about 145 million views.

This meme coin has a market cap of over $18.2 billion. Its price on the time of writing is $0.000033, indicating a dip of two.19% inside the final 24 hours. Shiba Inu hit an all-time excessive of $0.00008 in October 2021.

Dogelon Mars (ELON)

Dogelon Mars is derived by becoming a member of Dogecoin and Tesla’s billionaire CEO, Elon Musk, promoted Dogecoin. As a outcome, this meme coin has risen to be quantity 3 meme tokens and stands as a superb funding means for revenue.

Dogelon mars
ELON stays in pink zone | Source: ELONUSD on Tradingview.com

By following the steps of Dogecoin, Dogelon Mars has turn into one of many prime meme coins which are extremely looked for. Some crypto exchanges similar to Huobi, Gemini, Crypto.com now help the meme coin on their platforms.

The dog-themed coin boasts a market cap of about $869 million. Its price is $0.000001328 exhibiting a drop of 5% inside the final 24 hours on the time of writing.

Samoyedcoin (SAMO)

Samoyedcoin shares some similarities with the Solana Network. However, the meme coin allows excessive scalability, speedy transactions, and low charges.

Samoyedcoin
Samoyedcoin loses floor as BTC fall | Source: SAMOUSDT on Tradingview.com

Furthermore, the meme coin ensures shortage by its token burns 3 times from its launch time. The final destruction in November 2021 resulted within the burning of as much as 500 million SAMO tokens.

This meme coin has a market cap of about $124 million. At the time of writing, SAMO is $0.03174 exhibiting a drop of three.36% inside the final 24 hours.

MonaCoin (MONA)

Created in December 2013, Monacoin operates as an open-source p2p community.

cryptocurrencies
MONA makes an attempt to rise | Source: MONAWETHon Tradingview.com

This meme coin was developed in Japan as the primary altcoin. It later boomed after being utilized in an advert for purchasing land in Nagano.

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Monacoin at present has a market cap of about $77 million. Its price on the time of writing is $1.11, with a 1.95% dip inside the final 24 hours. The meme coin had its all-time excessive in 2017 and is taken into account one of many funding tokens to spice up your revenue.

Featured picture from Pexels, Charts from TradingView.com

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