Since the creation of Dogecoin and its sudden popularity in 2021, an increasing number of meme coins have appeared on the market. Memecoins are a type of cryptocurrency that is backed primarily by well-known public figures. The global cryptocurrency market cap is around $1.87 trillion, with meme coins accounting for $33.1 billion of that total.
Memecoins are cryptocurrencies inspired by memes, and they have relatively high volatility when compared to other cryptocurrencies. The majority of the time, price changes are influenced by online community sentiments and social media content. Meme coins rely heavily on their communities, which makes them prone to creating additional market hype. The high volatility of trading memecoins, on the other hand, raises the risk factor.
When Dogecoin was created as a way to mock the leading cryptocurrency, BITCOIN, the memecoin concept was born. Dogecoin’s creator made the token a joke in 2013, but it quickly exploded, generating a market value of $8 million. Initially, the creators had no intention of competing with the leading cryptocurrency, Bitcoin.
However, as time went on, the token grew in popularity, and some speculated that it might even reach the top of the cryptocurrency list. Dogecoin got a lot of attention from the public after Tesla CEO Elon Musk and rapper Snoop Dogg said they were interested in it.
Following the hype surrounding Dogecoin, other meme coins have begun to appear on the market at a rapid pace. Some of them were successful in attracting attention, while others simply vanished from the wholesome market. Shiba Inu, Floki Inu, and Baby Doge were among the other meme-coins that gained popularity in late 2021.
Some have even predicted that 2022 will be the year of meme coins, citing a massive rally in DOGE and SHIB last year as evidence. In October 2021, SHIB/USD gained approximately 777 percent in only 30 days, and DOGE/USD gained approximately 400 percent in only one week in April 2021. Since then, meme-coins have become known for their high volatility and are extremely popular among people who believe they offer a quick way to become wealthy.
Let’s take a look at the top ten memecoins that are expected to explode in 2022!
Dogecoin is the king of all meme-coins, just as Bitcoin is the king of all cryptocurrencies. Dogecoin sparked the meme-coin rally, and it is regarded as a potentially stronger coin than many other altcoins, owing to Elon Musk’s support. Elon Musk, CEO of Tesla, has stated that Dogecoin is his favorite cryptocurrency. Elon likes it because it has something to do with dogs. The interesting thing about Dogecoin is that its creator, Jackson Palmer, knew that most people love dogs, which could easily boost the coin’s popularity. As a result, we can conclude that he was correct. After Elon Musk expressed his support for the meme-coin, more people began to invest in it, and FOMO triggered the coin’s rally.
Dogecoin is denoted by the ticker symbol DOGE and has a market capitalization of $17.99 billion, ranking it 13th among cryptocurrencies, according to CoinMarketCap. DOGE’s current price is $0.135100, which is 81.63 percent lower than its all-time high of $0.7376, which was reached on May 8th, 2021. Dogecoin doesn’t have a limit on how many tokens can be made, but there are 132,670,764,300 DOGE coins in circulation right now.
Everyone knows that Elon Musk has a lot of clout in the cryptocurrency world, and he recently proposed that DOGE be accepted on Twitter. One thing I’d like to point out here is that Musk recently purchased the majority of Twitter’s stock. Given Elon Musk’s popularity and influence in the crypto world, we can say that the DOGE coin has a lot of room to grow in 2022.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is the most prominent rival meme coin to Dogecoin, and it is also referred to as the DOGE killer. This coin is named after the Japanese dog breed Shiba Inu, and the main distinction between DOGE and SHIB is that SHIB has a limited token supply of one quadrillion tokens. SHIB is one of the most successful meme coins of all time. However, it has begun to work on moving beyond the meme-coin label by incorporating more functionalities. To reach this goal, SHIB has added an NFT art incubator, NFTs, NFT games, the Metaverse, and a decentralized exchange to its ecosystem.
Shiba Inu is denoted by the ticker symbol SHIB and has a market capitalization of $13.22 billion, ranking it #15 on CoinMarketCap’s list of cryptocurrencies. DOGE’s current price is $0.0000241, which is 72.76 percent less than its all-time high of $0.00008845, which was reached on October 28th, 2021. The total supply of SHIB is 589,735,030,408,323 SHIB, with a circulating supply of 549,063,278,876,302 SHIB coins
Dogelon Mars (ELON)
Dogelon Mars is the third most popular memecoin among investors because of its association with the popular figure Elon Musk. Elon Musk, the CEO of Tesla, is widely regarded as the most prominent crypto influencer in the entire cryptocurrency market. As a result, he is becoming increasingly associated with meme-tokens. The Dogelon Mars was inspired by Musk’s desire to establish a colony on Mars as well as his passion for his company, Space X. This coin is also a community-driven meme coin that derives the majority of its price momentum from the progress of Musk’s Mars mission. The success of Dogelon Mars is linked to Musk’s aggressive progress toward his goal of bringing human life to Mars.
Dogelon Mars trades under the ticker symbol ELON, which is named after Tesla CEO Elon Musk. Elon coin has a market cap of $516,675,601.79 and is currently ranked #24 in the list of cryptocurrencies, according to CoinMarketCap. ELON’s current price is $0.0000009329, which is 97.14 percent less than its all-time high of $0.00003263, which was reached on July 31st, 2021. The total supply of Elon is 1,000,000,000,000,000 ELON, with a circulating supply of 553,597,385,022,697 ELON coins.
Floki Inu (FLOKI)
The Floki Inu is another well-known meme-coin figure. It is another coin that was created to attract the attention of Elon Musk, as its name is inspired by the name of Elon Musk’s dog, who apparently named his dog in honour of a popular Viking character. One intriguing aspect of this coin is that it was created by fans and members of the SHIB community. The community behind Floki Inu is now known as “Floki Vikings.” The community, Musk, and the buzz around the DOGE and SHIB tokens are the main reasons why the coin is so well-known.
The ticker symbol FLOKI is used to identify Floki Inu, which is currently trading at $0.000026, 92.38 percent lower than its all-time high of $0.0003437.That occurred on November 4, 2021. FLOKI has a total supply of 10,000,000,000,000 FLOKI coins.
Akita Inu (AKITA)
This meme-coin is inspired by Dogecoin, and it is also known as the “Doge Killer,” and it uses the Japanese dog breed as its symbol. It was launched in February 2021 and has most of the same features as the SHIB token, with the exception of the token supply. The supply of AKITA tokens is roughly one-tenth of the total supply of Shiba Inu tokens. It was created by a group of meme crypto enthusiasts and is based on the Ethereum blockchain, making it an ERC-20 token. The Akita Inu is unique in that it continues to grow in popularity, and it now has cross-chain interoperability with the Avalanche blockchain.
The ticker symbol for Akita Inu is AKITA, and it is currently trading at a price of $0.0000006831, which is 97.63 percent lower than its all-time high of $0.00002886, which occurred a year ago on May 11th, 2021. The total supply of AKITA coins is 100,000,000,000,000.
Kishu Inu (KISHU)
Kishu Inu has grown at an exponential rate since its inception in April 2021. It’s another meme coin with a dog theme, and this time the dog breed is “Kishu.” However, the creators of KISHU admit that they were inspired by DOGE when developing the coin. Kishu Inu’s creators want to take meme-coins to the next level by making the project more than a joke. There are participation rewards for active users, NFTS, and a decentralized exchange called Kishu Swap.
The Kishu Inu token is denoted by the ticker symbol KISHU and has a market capitalization of $130,116,979.70. It is currently trading at $0.000000001343, which is 93.28 percent less than its all-time high of $0.00000002, which was set a year ago on May 14th, 2021. There are 96,823,327,764,476,220 Kishu coins in circulation. There are a total of 100,000,000,000,000,000 Kishu coins.
Samoyed Coin (SAMO)
Samoyed Coin is a dog-themed meme coin that is also built on the Solana blockchain. The most intriguing aspect of the coin is its deflationary factor. Samoyed Coin has been burned three times since its launch, and more burning events are mentioned in its road map, implying that the coin will face increased demand due to the limited number of tokens. Aside from that, Samoyed Coin has a decentralized exchange and the ability to create NFTs.
The goal of this meme coin project is to bring in more Solana users, educate market participants, build connections, and maximize user rewards. Somoyed Coin experienced massive bullish momentum in October 2021, when the price of one SAMO token increased by 4,300 percent in 30 days to $0.22 from $0.005.
Samoyed Coin is denoted by the ticker symbol SAMO and has a market capitalization of $61,962,368.35. It is currently trading at $0.01871, which is approximately 92.39 percent lower than its all-time high (ATH) of $0.246. That occurred on October 29, 2021. The total supply of SAMO tokens is 7,746,913,929, with a circulating supply of 3,308,268,039 SAMO coins.
Safemoon meme coin is a decentralized finance token that is based on the Binance Smart Chain, which makes it a BEP-20 token. It was launched in March 2021, and in just one month, it started to rise. The reason could be the rewards associated with the protocol. Safemoon holders can receive as high as 80% APY, which is comparatively very high compared to traditional interest accounts. Another important feature of SAFEMOON is token burning, which makes the coin a deflationary digital currency and adds value to it. The protocol wants to grow and add an NFT marketplace and a coin launchpad so that its network can be used to create and launch new cryptocurrencies.
The Safemoon coin is listed under the ticker symbol SAFEMOON and has a market cap of $315,948,400. It is ranked # 235 on Coinmarketcap and is currently trading at $0.0000005397. This value is 96.14% below its all-time high level of $0.00001399, which was on April 20th, 2021. There are a total of 1,000,000,000,000,000 SAFEMOON tokens in circulation, and 585,536,366,402,812 SAFEMOON tokens are in circulation right now.
It is one of the oldest meme coins and was built as a hard fork of Litecoin. It was launched on January 1st, 2014 and was based on a cat-like internet meme of the popular ASCII art character, Mona. It has a thriving community in Japan, and it is one of the most decentralized meme tokens. The major utility of Mona Coin includes its fast transaction processing speed of 1.5 minutes. The MonaCoin community in Japan is very active and involved, and it got a lot of attention when it was shown on WBS TV Network Tokyo.
MonaCOin has a ticker symbol MONA and a market cap of $57,509,763.87. It is currently trading at $0.8745, which is 95.68% below its ATH level of $20.23, which was 4 years ago on December 6th, 2017. The total and circulating supply of MONA is 65,729,675 MONA tokens.
Doge Dash (DOGEDASH) is a cryptocurrency.
In the meme coin industry, Doge Dash brings a new twist by bringing back the fun of the gaming industry. The token is based on the Binance Smart Chain, which makes it a BEP-20 token. Basically, DogeDash is a play-to-earn game that has been designed to bring crypto gaming to a mainstream audience. The aim of the game is to dash as fast as you can. It consists of 10 levels, each of which gives coins on completion of the level. The game is inspired by Mario and Sonic. Successful players receive collected coins in their wallets at the end of the game. It has been built by a team consisting of the world’s best game and blockchain developers. Given the increased popularity of P2E games, there is huge potential for growth for DOGEDASH in 2022.
Doge Dash has a ticker symbol of DOGEDASH and a market cap of $13,731,902.72. It is currently trading at $0.0002541, which is 92.56% below its ATH level of $0.003417. It was on November 14th, 2021. The total supply of doge dash is 90,286,721,009 DOGEDASH with a circulating supply of 54,046,882,510 DOGEDASH.