2022: Top 5 Meme Coins
2022: Top 5 Meme Coins Fundamentals and everything else that makes sense doesn’t appear to have a role in asset pricing in this bizarre era. The most bizarre and unique idea frequently works, with no explanation as to why. However, unlike fiction, it is not necessary for reality to make sense. In the most basic sense, meme coins are depending on how much people value them. As a result, the meme coin price in India fluctuates with its popularity.
They make no claims to expertise and declare that they’re merely there for the laughs. You could debate the benefits of meme coins all day, or you could embrace the dark side and profit from them. We’ll walk you through finding the best meme coin to buy in India and where to buy meme coins in India in this article. Let’s take a peek at the top five meme currencies in April 2022.
Market cap (in billions): $17.41
In 2013, the first meme coin, Dogecoin, The Dogecoin network is a Litecoin hard fork. Until 2021, the dog-themed token was in decline. In 2021, it began to soar, increasing by more than 20,000% in a single year while being heavily supported by Elon Musk. Doge is the current #1 meme coin, as well as one of the top cryptos by market capitalization! It has a virtually infinite supply, but that’s another story. Doge was not the most successful cryptocurrency in 2021. In the United States, however, it was the most sought cryptocurrency in 2021. With its growing popularity, the price of this meme coin in India is to rise.
Dogecoin’s use cases are continually being improved. The Dogecoin Foundation announced the installation of a “Dogepedia” on their website in December 2021 to answer all inquiries about Dogecoin. The founders are also developing a GigaWallet that will allow more retailers to accept Dogecoin as a payment option around the world. With the addition of additional features, Dogecoin is to maintain its position as the best meme coin to buy in India.
2. Shiba Inu
Market cap (in billions): $11.33
Another community-driven dog-themed token is Shiba Inu, the second-largest meme currency on our list and the self-proclaimed DOGE killer. SHIB is as “an experiment in decentralized spontaneous community building” on its official website. SHIB tokens have a total supply of 1,000,000,000,000,000. (or 1 quadrillion). This project is after the Shiba Inu, a Japanese hunting dog breed. It uses the Ethereum blockchain as its foundation.
It briefly exceeded Dogecoin in market valuation but is now trailing DOGE (maybe just temporarily!). It’s also the most promising meme coin in the Shiba Inu ecosystem, which also includes the LEASH and BONE coins. The Shiba Inu community has launched ShibaSwap, the platform’s DEX, and hopes to launch an NFT marketplace and other Defi-based services. Shiba Inu is undoubtedly one of the top meme currencies to invest in 2022, given its upcoming use cases.
Market cap (in millions): $763.34
SafeMoon was in March 2021 with the motto “Safely to the Moon,” which was inspired by the common idiom “to the moon,” which means “to rapidly increase in value.” SafeMoon’s current CEO is John Karony, a former analyst for the US Department of Defense. Soon after its launch, SafeMoon reached one million cryptocurrency holdings. SafeMoon is currently one of the most popular meme coins with the greatest potential.
SafeMoon’s value soared after a wave of celebrity endorsements, including rapper Lil’ Yachty, YouTuber Logan Paul, and sports blogger Dave Portnoy. In the same vein as Shiba Inu, it’s a meme currency. SafeMoon exemplifies why building a product first is critical. A 10% fee will be to anyone who sells safemoon coins. Current investors will get half of this fee as a dividend. The goal of this punishment is to “discourage day trading and smooth out the substantial price volatility that other cryptocurrencies experience.”
4. Dogelon Mars (ELON)
Market cap (in millions): $499.21
Dogelon Mars (ELON) is a humour coin inspired on Dogecoin (DOGE) and Tesla CEO Elon Musk. The coin had enormous price swings in 2021, and some believe it still has room to grow. The ERC-20 token standard is by this Ethereum-based project, which means it utilises the Ethereum network for security while also adding its own unique features to the token.
Dogelon Mars’ founders have locked up half of all ELON liquidity in the Uniswap liquidity pool. The other half was to Vitalik Buterin, co-founder of Ethereum. The ELON was to a number of DAOs and foundations. Current holders of the asset either purchased it on the Decentralized Exchange (DEX) or received it as a gift from Vitalik Buterin.
5. Kishu Inu
Market cap (in millions): $89.91 (self-reported)
Kishu Inu bills itself as meme money and was in August 2020. Dogemania can be for Kishu Inu’s first popularity. It is, though, to develop a sizable following of its own. Kishu Inu’s founders have declared that instead of relying on public relevance, they seek to be the first meme money with real-world applications. The Kishu Inu is a deflationary currency that rewards those who buy additional coins.
We should expect to see more of these cryptocurrencies develop and gain popularity as the meme coin craze continues, and meme coin values in India are skyrocketing. Additionally, because the emphasis on real-world application is stronger than ever, developers are likely to include certain utility elements.