The meme crypto coins encountered magnificent progress. From influencers of social media and retail traders, all of them contributed to the advancement of meme crypto coins. Traders interested in the meme crypto will likely make the initiate into the next meme coin as per such tremendous gains last year.
These cryptos came from memes on the internet and often began as jokes. Although, meme coins are not in use in plenty of cases. Still, meme crypto coins successfully obtained the trader’s interest alongside the serious investment. These coins are incredibly alluring for the short-term, leading to an outstanding profit.
In the coming section, we will explore the best five meme crypto projects to spend money wisely and make a profit in 2022.
Best meme coins to invest in 2022
- Shiba Inu (SHIB: $18.755B)
- Dogecoin (DOGE: $21B)
- Dogelon Mars (ELON: $647M)
- Doge Dash (DOGEDASH: $16.8M)
- Ariva (ARV: $34.2M)
- Loser Coin (LOWB: $4.3M)
- Kangal (KANGAL: $1.1M)
- Hoge Finance (HOGE: $53.1M)
- Yummy (YUMMY: $2.7M)
- SafeMoon Inu (SMI: $8.5M)
Shiba Inu (SHIB)
What is Shiba Inu?
Shiba Inu is a famous meme coin that uses the Ethereum blockchain technology. The meme cryptocurrency came upon a dog breed famous in Japan, and now it has gained popularity worldwide. The price of SHIB reached 47 million percent after becoming distinctly admired in October last year. Shiba Inu holds compelling community support still. It had to fight for consumer adoption due to its shaky fundamentals. But SHIB team carried over initiating cryptocurrency components.
How does Shiba Inu work?
Like many distinct meme cryptocurrencies, Shiba Inu functions on a decentralized computer network operated by blockchain. The blockchain database keeps a tab on and supervises the meme coin. It also substantiates transactions and keeps a record of each transaction with it.
What is Dogecoin?
Conceivably, Dogecoin is the real meme cryptocurrency as in 2021. It was the most-searched digital asset in the USA. The coin ended up with over 3,000% of the gain by the last year, closing upstaging any solo stock. Elon Musk happened to be the giant enthusiast of Dogecoin. Even Elon Musk designated himself as ‘The Dogefather.’ Also, Dogecoin is one of the three digital assets owned by Elon Musk. His tweets performed as a good gesture for crypto traders to purchase DOGE.
How does Dogecoin work?
Dogecoin utilizes blockchain technology resembling Bitcoin and Ethereum. The blockchain decentralized ledger keeps track of all digital currency transactions utilizing a circulated and reliable ledger. Moreover, the blockchain ledger is customarily updated with all new transactions. Hence, each holder may have undifferentiated copies. Equivalent to other cryptocurrencies, all the transactions of Dogecoin utilize cryptography.
Dogelon Mars (ELON)
What is Dogelon?
Dogelon Mars came on the scene posterior to Shiba Inu and Dogecoin. But Dogelon distinctly takes things somewhat to a greater extent. The ELON token is incentivized by Elon Musk himself at first hand. Consequently, Dogelon Mars systemizes to recreate the opulence of the native meme token in Dogecoin. The total supply is one quadrillion ELON with over $400 million market capitalization.
How does Dogelon work?
Dogelon functions on an LP model. The total supply of ELON is one quadrillion and, 50% were sent to the wallet of Ethereum founder Vitalik Buterin. Besides, the rest of the 50% is stored in an isolated liquidity pool. There is no existing presale. Afore the public approach, no developers and early investors can get hold of the token.
Doge Dash (DOGEDASH)
What is Doge Dash?
Doge Dash is a bit higher than the meme coin. It set forth a fun game resembling a flappy bird. Players obtain rewards by DOGEDASH tokens. Even players may achieve over 10,000 DOGEDASH in case they reach the final level. Players need to spend 100 coins for each DASH.
How does Doge Dash work?
Users achieve DOGEDASH tokens against rewards afterward; they collect coins and obtain over 10,000 DOGE DASH while arriving at the final level. Then users spend 100 coins for one DASH. Moreover, there applies a 7% of cut against each transaction as Community Rewards. On the other hand, an additional 5% of the cut is applicable against PancakeSwap liquidity.
Hoge Finance (HOGE)
What is Hoge Finance?
It is proclaimed to be the DeFi project. The realistic community drives it, and users may obtain rewards for holding HOGE. In addition, Hoge Finance introduces a non-fungible token called HOGE Moments. HOGE utilizes the Ethereum DeFi structure to combine the meme strand with yield farming.
How does Hoge work?
It is a deflationary crypto established on the Ethereum blockchain. It uses smart contracts to integrate unique tokenomics into each transaction. The tokenomics comprises a 2% distribution to the HOGE holders. On the other hand, a 2% coin burn over every transaction.
Moreover, users holding HOGE tokens in their wallets will gain 2% of each single Hoge transaction. Besides, an extra 2% of the transaction will be burnt. It will decrease the overall HOGE supply once and for all, thus applying the deflationary term.
Pros & cons
The meme crypto coin has a current value since they are incredibly volatile. Not only that, meme coins are immensely impacted by the public’s viewpoints. Furthermore, existing celebrity involvement may lead to both advantages and disadvantages for the traders. Finally, a meme crypto coin is fueled up from the memes and inside jokes of the internet.
Before starting to trade meme crypto coins, substantiate to collect required data and research them appropriately since meme coins are not constrained under any supervisory safety net. Some of the coins were validated scams. Hence, meme coins are deemed risky and unprotected.