Best Meme Coins to Invest in 2022
The development of coins based on meme themes, which began as an experiment, is becoming increasingly popular in the crypto space. Today, meme coins are among the most talked-about tokens to invest in. So, a list of the best meme coins in 2022 opens risky but profitable investment opportunities.
What Are Meme Coins?
Meme coins are the result of an experimental crypto project started in 2013. It is a digital currency that originates from Internet memes or is based on a fun theme.
Meme coins are quite popular for investing in the crypto community, but they are considered to be risky investment opportunities due to the lack of use cases and limited functionality.
Meme Coins and Crypto Memes
Because of the unusual origin of meme coins and the specific name of this digital token type, users can get confused with such definitions as “meme coins” and “crypto memes”. Although they seem to be quite similar, they are not always interchangeable.
A meme coin is the name of a cryptocurrency whose origin is based on various Internet memes or other humorous content. Dogecoin, Shiba Inu, MonacOIN, Samoyedcoin, and Dogelon Mars are examples of this unique type of digital currency.
Like all other cryptocurrencies, meme coins are available for investment and trade. However, the difference between them and other crypto assets is in their purpose. Namely, such popular tokens as Bitcoin or Ethereum were developed to resolve real-world problems (payment for services). Meanwhile, meme coins were developed just for fun and do not offer a wide choice of use cases. Yet, top meme coins have gone mainstream due to their promotion by global influencers, which causes a sharp rise in market prices. So, meme coins tend to demonstrate explosive growth despite the lack of functionality.
As for crypto's definition, memes do not refer to any phenomenon in the crypto space. They are just products of the Internet memes industry, which imply witty and ironic information presented in different forms. Crypto memes are based on crypto themes. If you are going to invest in digital tokens, crypto memes are not exactly what you need.
Advantages and Disadvantages
Pros of investment in meme coins in 2022:
Cons of investment in meme coins in 2022:
TOP 5 Meme Coins to Buy
The list of meme coins that are the best to invest in this year includes 5 positions:
Dogecoin
The launch of Dogecoin in 2013 marked the emergence of meme cryptocurrency. The token was created as a sarcastic alternative to digital currency and got a logo depicting a recognizable image of a Shiba Inu dog.
Dogecoin is one of the most expensive meme coins, even after multiple market price jumps.
One of the secrets explaining the token's success is the support of Elon Musk. The crypto enthusiast cooperates with Dogecoin developers on accelerating transactions, and his company accepts coins for merchandise. As a result, every tweet about the coin causes a wave of interest and great demand.
Dogecoin is also considered a safe investment opportunity because of the active developer team and availability of upgraded versions.
Shiba Inu
Shiba Inu is a popular position on the list of new meme coins, as the token was developed only in 2020 by an anonymous provider named Ryoshi. Shiba Inu is also called the “Dogecoin killer”.
This meme coin has already gained great popularity, was listed on such an authoritative exchange as Kraken and started cooperating with AMC (NYSE:AMC), which now accepts the token as payment.
The Shiba Inu developer has demonstrated that the token has a highly engaged community and great maintenance. Namely, SHIB’s financial backers like Bigger Entertainment pumped millions to ensure a decrease in supply.
Monacoin
Monacoin, also famous as MONA, has been on the market since 2014. The digital token was launched without a pre-mine process, which helped to retain its open-source, decentralized model.
The token is especially popular among Japanese traders since its logo is based on the image of a fun-loving cat character widely recognized in Japan.
Monacoin is a native digital token distributed as a reward among miners based on the proof-of-work mechanism. The underlying functionality of the project is P2P technology.
Samoyedcoin
Samoyedcoin, also called SAMO, is another digital token based on the dog theme. It is a newbie to the world of the best meme coins since SAMO was presented to the market only last year. It was launched on the popular blockchain Solana.
Samoyedcoin is considered a booming digital asset intended to serve as a start for new crypto users to the Solana network.
The meme cryptocurrency has a limited number of tokens – 9.2 billion. Additionally, the developers have implemented three token burns to maintain the value since the launch. Experts state that Samoyedcoin could be a dark horse in the crypto space.
Dogelon Mars
Dogelon Mars is famous for a big demand among crypto fans and a fast rise in value, which is explained by the patronage of well-known crypto enthusiast Elon Musk. He is the most powerful influencer in the crypto space. His tweets determine the direction for the development of some coins and changes in the whole crypto land. The philosophy of Elon Musk has had a great impact on developers of Dogelon Mars, as the dream of Mars colonization inspired them and now present their brainchild as an interplanetary currency.
Where to Find Meme Coins
It is possible to find all available types of meme coins on online crypto exchanges, such as Binance, Coinbase, Kraken, FTX, and others. Online exchanges provide all necessary information about every presented digital currency (launch year, current market capitalization, etc.) and offer the possibility to invest in the best meme coins.
How to Buy Safely
To become a successful crypto trader, it is necessary to elaborate an investment strategy based on the analysis of peculiarities of various digital tokens and changes in the crypto market. Therefore, it is reasonable to find a reliable online assistant, such as CoinGecko, and keep track of the latest forecasts.
In addition, it is important to buy meme coins or another cryptocurrency on official crypto exchanges. The availability of a license and positive reviews of real customers are signs of safe platforms. Choose exchanges that provide a strict verification system to secure your personal and financial data.
How to Choose the Best Meme Coin to Invest In
Today, the market offers more than 250 meme tokens, so the problem of making the right choice is hot. Unfortunately, it is easy for fraudsters to get investors confused in many positions, especially considering that almost half of the coins have “inu” in their names.
So, to ensure safe crypto trading with meme coins, it is necessary to:
Conclusion
Meme coins are digital tokens based on Internet memes. Although they belong to the cryptocurrency group, they are not traditional digital currencies because of their purpose. Most meme coins are not created to solve real-life problems, at least for now.
Investing in meme coins is a risky due to the volatility of the tokens’ value. Still, it could bring a lot of profits if investors know how to buy safely, what exchanges to choose, and whose opinions to consider.
The best meme coins in 2022 are Dogecoin, Shiba Inu, MonacOIN, Samoyedcoin, and Dogelon Mars.
Frequently Asked Questions
What Are the Best Meme Coins to Buy in 2022?
The best meme coins to buy in 2022 include Dogecoin, Shiba Inu, MonacOIN, Samoyedcoin, and Dogelon Mars.
Why Invest in Best Meme Coins?
As meme coins do not have any underlying purpose, their value is accumulated by the speculative market demand. So, it is possible to make a profitable investment in meme tokens, but it is necessary to keep track of rises and falls in prices due to speculations.
How to Choose the Best Meme Coin?
Keep track of tendencies in the crypto space to define the best meme coin to invest in.
