Do you remember the first meme you ever saw? Chances are you won’t, that’s how long memes have been around. As the internet kept making the world smaller, the culture around this amusing method of spreading information grew bigger. And as times progressed, the meme culture grew beyond the internet.
What is a Meme Coin?
The name meme coin is pretty self-explanatory. These are crypto tokens inspired by internet jokes and memes. Having become such a huge part of the internet, it was not a surprise when a group of engineers created a crypto asset called Dogecoin in 2013. The coin was inspired by the dog meme making rounds about the same time. And so was born the category of meme coins. Since then, over 200 meme coins have been created with a market capitalization of over 17 billion dollars.
So what are some of the meme coins that can explode in 2022?
1. Dogelon Mars (ELON)
Dogelon Mars is a fork of Dogecoin, the most popular meme crypto. The creators enlisted the help of Dogecoin’s main backer Elon Musk. They have united both personalities to establish the project.
Like most meme cryptos, Dogelon Mars is community-driven and decentralised. The project’s main story revolves around the planet Mars. It depicts how the dog-themed in-game meme travels around the cosmos and makes new friends. The call sign of this token is ELON. ELON is touted to be the next big meme coin.
2. Floki Inu (FLOKI)
Another canine-inspired token is Floki Inu. The community behind this coin doesn’t look at it as a meme coin. Rather, they think of this as a movement. This community calls themselves the Floki Vikings. They are long-time Dogecoin and Shiba Inu community members. The developers named this token Floki after Elon Musk’s dog. The FLOKI token runs on both the Ethereum blockchain as well as the Binance Smart Chain. FLOKI can be found on all top meme coins lists.
3. Akita Inu (AKITA)
This is the third in line canine-inspired token. Akita Inu is another meme currency that you should keep an eye on. Akita Inu is a decentralised community initiative. It is built on the Ethereum network. The project, like Shiba Inu, had humble beginnings. It has been mostly developed by a group of meme crypto aficionados.
The initiative is also a social experiment. The goal is to become a top meme coin that connects individuals. According to Akita Inu, half of its token supply has been given to Ethereum co-founder Vitalik Buterin. The other half was put into a UniSwap account for liquidity. This has put Akita on the top meme coins list.
4. GamingDoge (GAMINGDOGE)
GamingDoge is one of the meme coins that aspires to be more than just a meme currency. The coin brings DOGE fans and players together. The coin’s creators hope to build an ecosystem that is a one-stop solution for gamers. It would include an exchange, an NFT marketplace, and NFT Games. It aims to eventually become the largest community in the crypto world.
5. MonaCoin (MONA)
Next up is MonaCoin. MonaCoin is the native token of a peer-to-peer (p2p) payment network. MonaCoin, was launched in January 2014 and is a hard fork of Litecoin. MonaCoin’s payment network is completely decentralised. Like most decentralised initiatives, it does not belong to a single person but all users. Furthermore, the platform’s peer-to-peer technology makes it independent and self-governing.
6. SamoyedCoin (SAMO)
Next up is the Samoyedcoin from the Solana Blockchain. Samoyed Coin was founded by prominent Solana supporter and FTX crypto exchange owner Sam Bankman-Fried and Solana developer Anatoly Yakovenko. The fundamental objective is to make the onboarding process more fun. And this has made Samoyed Coin a popular meme coin.
The funny cryptocurrency focuses on bringing in new Solana users. It also aims to educate market participants and build personal connections. It also assists token holders in maximising their potential return. Samoyed Coin, one of the fastest-rising meme stars, is the public face for meme coins on the Solana blockchain.
Portfolio diversification is never a bad idea. And meme coins give you a chance to do just that. While some meme coins are mainly community-driven, there are some which are backed by real technological applications. It is always important to conduct your own research before investing in any asset. Even checking basic aspects such as market capitalization, size of the community, and ongoing developments on the project can help you make an informed decision.