Top Meme Coins in 2022
It’s another year, which means it’s another opportunity for the most unpredictable cryptos to post unpredictable gains. Meme cryptos are still their own super-hot sector as we trudge into the depths of 2022, with investors still hungry for big gains. But what are the meme cryptos to buy — those that will survive throughout the year — and whose memes just won’t be entertaining anymore?
Pupcoins are quite obviously the leaders of the pack; there are a rotation of mainstay pupcoins who are vying for the crown. Some get by on a deflationary model and hype, others are breaking the mold and coming up with new projects to eliminate skepticism.
What is a Meme Coin?
Well, the name kind of says it all – a meme coin is a cryptocurrency that is inspired by an internet meme – or basically, a joke.
Take Dogecoin, for example. It was inspired by a meme of Shiba Inu – a popular breed of Japanese dogs. The same meme inspired the creation of Shiba Inu as well.
Meme coins aren’t exactly created to be taken seriously. They don’t have any definite use case that they’re trying to fulfill. Really, it’s just vibes and jokes for them. Here’s how a meme coin usually grows:
Once the coin is created, some initial investors buy it just to be “in on the joke.”
Then coin’s value grows, and it starts to catch the eye of everyday investors
Some celebrities can buy the coin and post about it on social media
Day by day, the coin grows its online community and price
Based on the current CoinMarketCap prices, here are some of the top meme coins in the market:
Shiba Inu (CCC:SHIB-USD)
Floki Inu (CCC:FLOKI-USD)
Dogelon Mars (CCC:ELON-USD)
Baby Doge (CCC:BABYDOGE-USD)
Why Meme Coin Investing has Become So Popular
Meme coins are all the rage right now for sure. Many of them get launched almost every day, and you’ve got investors throwing bundles of cash at them.
Volatility can be an advantage
If you think regular cryptocurrencies like Bitcoin and QDX are volatile, you should see meme coins. In a week, a meme coin’s price can skyrocket as high as 1,000%. You can see triple-digit gains in just one day with some meme coins. So, while the risk is massive, so are the rewards. People looking for a way to make quick money with crypto will definitely be attracted to meme coins.
A long track record
Meme coins are also very attractive because they have a track record. As we said, Dogecoin delivered over 1,600% in returns last year. When SHIB became a hit, we saw a story about someone who bought $8,000 worth of it back in 2020 and left it in a wallet. In 2021, that wallet’s balance had increased to $5.7 billion. Who wouldn’t want that? So, everyone’s looking for the next Dogecoin or Shiba Inu. whenever a new meme coin shows some promise, investors will troop in and hope that this is the one that takes them to the moon.
Some people also really invest in meme coins because of the mania. Every day you go on social media, you hear a story about someone who made a killing just because they bought one coin or the other and its price skyrocketed.
With so much talk, it’s easy to get interested and buy a meme coin. Even if you don’t see the gains you were promised, at least might not lose so much.
The Most Promising Meme Coins in 2022
So, for the reason you’re here; what are those meme coins that have a real shot in 2022?
Well, here are a few we’re looking at:
1. The OGs – Dogecoin (DOGE) and Shiba Inu (SHIB)
Even though there will be a lot of meme coin activity this year, we’re still looking at DOGE and SHIB. Both coins have massive upside because the market is still shaking off a bear run. Once things start getting bullish and coin prices start to jump, you can be sure that DOGE and SHIB will jump as well.
At a current price of $0.17, DOGE is still way off its all-time high of $0.74. The same goes for SHIB; it’s trading at $0.00003262 now, but its all-time high is $0.000088. So, there’s still a long way to go, and you can get in now.
2. Floki Inu (FLOKI)
Floki Inu is a dog-themed meme coin. It was created in June 2021 and is named after Floki – a Shiba Inu dog that Elon Musk bought. Since it was created, FLOKI’s price has grown by over 1,800%. It has a lot of upside for 2022, and we think it’s about to moon!
3. Wakanda Inu (WKD)
Wakanda Inu is Africa’s first meme coin. Created in November 2021, the coin has gotten some traction. WKD has gained 20% since it was created just two months ago. That’s not bad for sure. The coin’s developers have claimed that they’ve got more heat coming, so we’re pretty pumped for this one.
4. Safemoon (SAFEMOON)
Safemoon is a meme coin that was created in March 2021. It got a lot of social media hype at the time, although things have been pretty quiet since. We’re tipping Safemoon because of its social media community. Like Dogecoin and Shiba Inu, coins with huge social media communities tend to spike suddenly. So, you could wake up one day and see a 100% rise in your Safemoon wallet’s value.