Meme coins have become quite a rave in the cryptocurrency industry. These are the famous and buzzing cryptocurrencies that quickly gathered a loyal following in a relatively shorter period of time. The never-ending list of celebrities supporting meme coins is adding to the popularity of all the available meme coins. Although when one hears the word “meme coin,” the first thing that comes to mind is Dogecoin, it isn’t the only meme coin available today.
It indeed is the most popular meme coin option available, but it isn’t the only option. The current Dogecoin price indicates the growing popularity of meme coins, which has got many thinking of investing in them. But with so many meme coin options available, how do you pick the best options from the rest? We’ve curated an epic list of the top, most popular meme coins that deserve your attention this calendar year to reduce your research time. So let’s quickly head to the list of meme coins that can be added to your crypto portfolio.
Shiba Inu
The meme coin race has picked pace with the introduction of the Shiba Inu coin in the late 2020s. Although the market had many meme coins in circulation by then, Shiba Inu managed to make its place in the market. According to its creators, Shiba Inu is an attempt and an experiment at the rapidly growing community-driven initiative. It also aims to dethrone Dogecoin from the top spot of meme coins. Despite having Dogecoin as its competitor, Shiba Inu grew by over 21,000% in the peak of 2021, making Shiba Inu one of the most anticipated meme coins to own this calendar year.
What separates Shiba Inu from other meme coins is that its creators don’t want this cryptocurrency to grow based solely on the community fanfare and social media hype. It is why it announced its foray into the virtual world of Metaverse. The creators of Shiba Inu are looking forward to introducing virtual lands called Shiba Lands, which will keep the cryptocurrency relevant.
Dogecoin
Those who keep a close tab on the cryptocurrency niche would know that Dogecoin was initially launched as a fun coin to poke fun at the rapidly growing number of altcoins. Little did its creators know that it would soon grip the cryptocurrency market. What started as a joke in 2013 became the most desired meme coin in 2022. Although Dogecoin doesn’t offer any unique, real-life utility, it is still used as a means to transfer money in absolute value.
You can also find various celebrities like Elon Musk supporting it, citing it to be the future currency. Since Dogecoin has managed to stand the test of time, you might want to buy Dogecoin at its current price.
Dogecoin is supported by various top cryptocurrency exchange platforms and is highly liquid. You can choose to keep it for the long-term or trade it off for short-term gains. If you want to quickly diversify your cryptocurrency portfolio by adding a meme coin to it, you should give Dogecoin a serious thought.
Dogs of Elon
With the NFT fever gripping the market, investing in Dogs of Elon can prove to be one of your biggest, best decisions. Dogs of Elon comes with approximately 10,000 unique NFTs featuring K-9. It is a unique meme coin project that aims to create the popular NFT avatar alternative for the Cryptopunks movement.
Dogs of Elon is one of the best-performing meme coins to date. So you might want to consider investing in it. What makes it very special is the addition of 70 Zombie DOGEs and 30 Elons NFTs in its collection. This cryptocurrency is also foraying into the gaming space and is currently working hard on developing a robust and engaging P2E gaming platform.
MonaCoin
Founded in 2013, MonaCoin is one of the oldest meme coins available today. It is a decentralized, open-source network that operates using a peer-to-peer network. A fork of Litecoin, MonaCoin uses a sophisticated algorithm called Lyra2RE (v2). What makes this meme coin worth investing in is its strong community of supporters in Japan.
When it comes to utility, MonaCoin probably has the fastest transaction speed of 1.5 minutes. Which makes it more desirable to investors. This meme coin became popular in Japan following commercial advertising. And it now boasts of an ever-growing, loyal supporters base.
Should You Invest in Meme Coins
Even though meme coins have the reputation of being a fun cryptocurrency. Not all meme coins are without any utility. If you want to make wise cryptocurrency investments. Choose meme coins that offer some real-world utility and align with your investment goals.
