Memes are a popular form of expression, outside of the work of a traditional author. A meme is something that spreads from one person to another, like a virus. The people who share memes are called Memebers. A memeplex is a group of memes that spread together and become a movement, or meme coin. The first memeplex was the amazing and hilarious, “Witty Intro/Outro” series of memes.
A lot has changed since the last time we did a Top 7 Meme Coins list. There’s a lot of activity in the market, and more money flowing in. While there are still a lot of meme coins out there, the top coins have come down to a handful.
Memes are fun, memes are hilarious, memes are everywhere, and memes are often the highest quality Internet content. In fact, most of the best memes out there are made by the most anonymous of Internet users. However, what are the best meme coins? What are the best meme coins to invest in? Well, I have the answers for you, and below is my top 7 meme coins currently listed on CoinMarketCap.. Read more about upcoming meme coins and let us know what you think.
Following Elon Musk’s Twitter “love affair” with Dogecoin, which enabled the meme-themed cryptocurrency to achieve several thousand percent increases at the start of the year, meme currencies have surged in 2021. Meme coins have now established themselves as a recognized sub-sector of the digital asset markets, with a total market value of billions of dollars.
This article will provide you with a list of the most popular meme currencies as well as a comparison of how they compare to one another.
What Are Meme Coins, Exactly?
Meme currencies are a farce, yet Dogecoin and its knockoffs have amassed a total market value of nearly $30 billion at the time of writing. Others have lost more money than they can afford by betting on these extremely speculative digital currencies.
Dogecoin, the first cryptocurrency, was established as a joke in 2013. However, the price soared when Elon Musk began tweeting about it in early 2021. In only a few weeks, the price has risen from less than a penny to more than 60 cents.
The use of meme currencies is a fascinating sociological experiment. Meme currencies, unlike bitcoin and ether, do not have the same real-world applications, but here is where things start to get interesting.
Let’s take a closer look at some of the most popular meme coins.
|Meme Coin||Year of Publication||Market capitalization||Daily Volume of Trading||The number of supporting exchanges is the number of exchanges that are used to support a project.||Followers on Twitter||Score|
Popular Meme Cryptocurrencies are listed below.
Dogecoin is a cryptocurrency created by Dogecoin (DOGE)
Dogecoin is a fork of Litecoin that was inspired by the famous Doge Internet meme, thus the Shiba Inu in the logo. It predates many of the other projects in today’s top 100 digital assets, having been created in 2013.
In 2021, a number of businesses began accepting Dogecoin. Is it for the sake of publicity, or do they see anything more in this meme coin? Dogecoin is fallen 70% from its all-time high price earlier this year at the time of writing. Zooming out, it’s still up more than 3,500% year to date, and more than 230,000% from its all-time bottom in 2015.
Shiba Inu is a Japanese dog breed (SHIB)
Shiba Inu, dubbed “the Dogecoin Killer,” was released in 2020. It hasn’t yet succeeded in its goal, but it has garnered a devoted following among dog lovers, meme coin collectors, and digital asset traders. Despite being down over 80% from its all-time peak earlier this year, Shiba Inu has appreciated a staggering 13,000,000% from its all-time low last year.
Vitalik Buterin is known for his one-of-a-kind Shiba Inu gift to India, which was one of the world’s largest-ever single donations. When the project was first launched, the creators handed him half of the token supply. The price fell almost 40% after the gift was announced, demonstrating how unpredictable meme currencies can be, particularly when a single organization holds a majority stake.
SafeMoon has the record for having the most tokens of any digital asset. Penny stocks, like penny stocks, may provide a high percentage return if the bet comes off, but the chances of that occurring are often improbable.
SafeMoon is a DeFi token that was introduced in 2021. It promises to provide HODLers with up to 80% APY passive returns. 419,766,289,470,786 tokens have already been burnt by the project. Every time a transaction is performed, more tokens are burnt. It will be fascinating to see whether this project can accomplish all of the lofty objectives set out in their roadmap. SafeMoon is still up over 6,000 percent in the past four months, while being down over 70% in the last two months.
MonaCoin is a cryptocurrency that was created by MonaCo (MONDA)
MonaCoin is a fork of Litecoin that was created in 2013. MonaCoin was inspired by the famous ASCII art character Mona, while Dogecoin and Shiba Inu were inspired by the popular dog. MonaCoin was created for the Japanese market, and its visibility was raised when a Tokyo TV station broadcasted a story about a land transaction that was paid for using MonaCoin.
It’s still down more than 90% from its all-time peak in late 2017. Despite this, it is still up more than 6,000 percent from its all-time low in January 2015.
Finance Hoge (HOGE)
Hoge began operations in early 2021, consuming half of its initial supply of 1,000,000,000,000. The founding team receives a portion of the tokens in most ventures. The Hoge team, on the other hand, made all of them public. With a 2% levy on every Hoge purchase, the available supply continues to be decreased. Half of the fee is burnt, decreasing the circulating supply permanently, while the other half is transferred to Hoge holders.
Hoge has down almost 90% from its all-time high four months ago, but is up 40% from its all-time high three weeks ago.
Bananas are a kind of banana (BAN)
Nano was split into Banano in 2018. BAN transactions, according to the coin’s creators, are not only free and fast, but also high in potassium. That isn’t a mistake. They even argue that it isn’t a sh*tcoin until it has been digested. They’ve taken a page from the CryptoKitties playbook and assigned cute monkey characters to each Banano account. They want to accomplish the following by the end of 2021, according to their roadmap:
“Taking over the Milky Way galaxy, claiming #1 position on CMC, BINANCE listing.”
Banano has increased by more than 13,000 percent from its all-time low last year. It has dropped by more than 70% from its all-time peak earlier this year.
MEME MEME MEME MEME MEME ME (MEME)
MEME, which is not to be confused with Memetic / PepeCoin, which may also be found when searching for MEME, has a token supply of just 28,000 and is an excellent illustration of how the token quantity can influence the price. MEME is selling for almost $500 at the time of writing, whereas all of the other meme currencies in this article are trading for less than $2.
MEME was developed as a joke in 2020, and although artists are utilizing it to make NFTs, it was created as a joke in 2020. Jordan Lyall, who was involved in the creation of MEME, cautioned people after it went popular that it was developed as a joke and has no underlying value, therefore investing in it is not encouraged.
Despite being down almost 90% since March 2021, MEME has risen over 7,000 percent from its all-time low last year.
Is it a Good Idea to Invest in Meme Coins?
When it comes to investing, the general rule is to never invest more than you can afford to lose. This cannot be overstated when it comes to meme coins!
If you have money burning a hole in your pocket that has to be spent on anything, and the risk and volatility of digital assets with a stronger investing thesis than meme coins aren’t enough for you, then good luck. But keep in mind that purchasing meme coins is just that: a hazardous bet.
Too many people purchase at the top of a token’s hype cycle and then sell when the price drops.
So, instead of letting emotions or greed get in the way of a good digital asset investment plan, consider carefully before investing in the newest joke coin you saw on social media.
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Memes, cryptocurrency, and blockchain are starting to come together in an exciting new way. In 1997, Richard Dawkins coined the term meme to refer to ideas that propagate as ideas. Today, however, we are starting to see these memes move beyond their original form, and transform into cryptocurrencies. These new memes are being developed and owned by a new generation of fearless, and sometimes foolhardy, entrepreneurs.. Read more about how to find new meme coins and let us know what you think.
Frequently Asked Questions
Which Crypto has the most potential 2021?
The most potential for 2021 is Bitcoin.
Which Altcoin should I invest in 2021?
The best cryptocurrency to invest in for the next year is Bitcoin.
Which Altcoins have the most potential?
The most promising altcoins are those that have a strong community and a clear use case. What is the best way to buy Altcoins? The best way to buy Altcoins is through an exchange.
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