With the growth of the cryptocurrency market, investing in the cryptocurrency market has become a hot topic in the capital world. This market has a lot of volatility due to the low volume of transactions compared to other financial markets, and everything from an agreement to the words of famous people on social networks affects the transaction rate and price of digital currencies.
In the course of learning and studying about cryptocurrencies, you may have heard about valuable and promising currencies such as Bitcoin and Ethereum, but on the other side of the crypto world, there are currencies that do not have the validity and technology of Bitcoin and Ethereum and are only adaptations of internet jokes (memes)
Many investors have become interested in investing in these currencies with the trending of these currencies, which are now called meme coins.
Although meme coins have their pros and cons. But research is very important for people who are interested in this type of cryptocurrencies.
Because before any investment, complete research should be done so that the capital is not at risk. Therefore, we decided to introduce popular meme coins in this article so that our audience can get to know more about this field of digital currency.
In this article we will check out together:
- What is meme coin?
- An overview of Shitcoin
- Getting familiar with famous memes in the world of digital currencies
- DogeCoin, the most popular meme coin in the digital currency world
- Shiba Inu, the best meme coin for investment
- What is the difference between Shiba Inu and Dogecoin?
- Akita Inu, a popular meme coin based on the Ethereum network
- MonaCoin, from birth in Japan to official approval
- SafeMoon, a meme coin that is as reliable as its name
- Dogelon Mars, forward to Mars
- Introduction of futuristic meme coins
- Floki, animal protection
- DogeChain, the unofficial currency of the DogeCoin network
- Bone ShibaSwap, native token of Dex ShibaSwap
- Pepe, the most profitable joke ever
- RobotEra, creating an attractive metaverse world
- Important question, should we invest in the meme coin market?
What is meme coin?
Before we get ready to invest and buy popular meme coins, let’s take a look at the concept and story of these coins.
Meme coins are a group of cryptocurrencies that are quickly becoming popular due to their hype and community support.
These currencies usually have a very low volume of transactions, so their price fluctuates every moment. These currencies are actually modeled after these internet jokes (memes) which are usually decorated with images of different dogs.
Some of them, such as Dogecoin and MonaCoin, are old currencies in the market and have a good position in the digital currency market.
Of course, it is good to know that some of these currencies are supported by famous people like Elon Musk or Vitalik Buterin.
Due to the high risk in this market segment, it is better to familiarize yourself with the popular meme coins before entering the trading market and buying them and make a better decision for the transactions ahead.
Our list starts with Dogecoin, but before that we need to learn an important term.
An overview of Shitcoin
In order to separate the two concepts of meme coin and Shitcoin, you need to know that Shitcoin is a very low-value digital currency with unclear goals.
In simple words, they don’t have any special technology, and from a technical point of view, you can’t imagine a future for them
These cryptocurrencies are introduced to the trading market by unknown developers and have no specific function. The liquidity of many shitcoins is below 30 thousand dollars and it is better not to spend your time and capital on them.
Getting familiar with famous memes in the world of digital currencies
So far, we got acquainted with the essence and philosophy of Meme Coin and understood its differences with other digital currencies. We also found out which group of cryptocurrencies the shitcoins are. Now it’s time to introduce the popular meme coins and decide to choose and invest.
DogeCoin, the most popular meme coin in the digital currency world
One of the most popular ones, whose name you have surely heard many times on social networks or cryptocurrency news, is DogeCoin.
Meanwhile, Dogecoin is the first meme coin and one of the oldest digital currencies in the market.
Dogecoin was created in 2013 by Jackson Palmer and Billy Markus, both experienced and professional Bitcoin developers, through a fork of the Litecoin network and based on a popular internet joke.
That’s why these two chose the face of a dog for Dogecoin. After years of price stagnation due to the support of Elon Musk, in 2020 the price of this currency experienced a significant growth.
It seems that in today’s world, this cryptocurrency is one of the popular meme coins for investment. Because in crypto communities, Dogecoin has become known as the king of meme coins and has even attracted the attention of famous people.
Dogecoin is essentially a decentralized and open-source network that operates in a peer-to-peer manner for transactions.
Considering that the Dogecoin network uses the proof-of-work consensus protocol, users need to prepare miner devices to receive free Dogecoin and participate in network activities.
If you decide to mine Dogecoin, you can do it individually and participate in mining pools.
Shiba Inu, the best meme coin for investment
Another popular meme coin is Shiba Inu. Shiba even has an interesting name, and from this interesting name you can understand the story of its beginning. The Shiba Inu was developed and introduced to the market by an unknown person known as Ryoshi.
Elon Musk’s attention to Dogecoin and the growth of this coin’s price caused many developers to look for the development of new cryptocurrencies, imitating Jackson Palmer and Billy Marcus.
Shiba’s development was a joke with Dogecoin, and because of this, it became known as the Dogecoin killer among buyers.
Shiba Ino, popularly known as Shiba Ticker, is one of the best cryptocurrencies with decent growth. It entered the digital currency trading market in 2020 and currently has a market cap of 5 billion dollars and is one of the top 100 digital currencies in the market.
Cryptocurrency experts consider investing in Shiba almost safe and competitive with Dogecoin. Meanwhile, in the new year, from the point of view of many activists in the field of cryptocurrencies, Shiba Inu was recognized as the best meme coin for buying and investing.
What is the difference between Shiba Inu and Dogecoin?
For a detailed analysis and purchase of the most popular meme coins, it is better to talk a little more about the difference between Shiba and Dogecoin before going to the third cryptocurrency in the list.
Shiba Ino’s activity is based on Ethereum, but Dogecoin has its own blockchain. Therefore, Shiba uses the Proof of Stake protocol for consensus in the network, and on the other hand, in the Dogecoin network, users reach consensus through the Proof of Work protocol.
It should be noted that the Doge currency is called a coin due to the use of its own blockchain, and the Shib currency is called a token due to the use of the Ethereum blockchain.
Another difference between these two currencies is their supply limit. Shiba Inu has a limited supply cap, but Dogecoin has an unlimited supply cap and it can be mined forever.
Therefore, Shina Inu has anti-inflationary properties despite the limited supply ceiling and token burning protocol. On the other hand, Dogecoin is an inflationary coin.
Akita Inu, a popular meme coin based on the Ethereum network
Akita Ino digital currency, also known as Akita, is one of the popular meme coins that was created in 2021 as a tribute to the Akita Inu dog breed.
Akita Token is a decentralized digital currency that runs on the Ethereum blockchain and offers users fast and secure transactions. AKITA has gained popularity among cryptocurrency enthusiasts due to its unique brand name and strong community.
One of the outstanding features of AKITA is its commitment to social responsibility. This digital currency has a charity section that donates a portion of every transaction to animal protection organizations.
This makes AKITA an attractive option for investors who are interested in ethical investment and social contributions. Additionally, Akita has a deflation mechanism where a portion of each transaction is burned, reducing the total token supply over time.
Overall, Akita Cryptocurrency offers an exciting investment opportunity for users looking for cryptocurrencies that combine strong branding, social responsibility and growth potential.
MonaCoin, from birth in Japan to official approval
The MonaCoin project, also known by the ticker MONA, is a digital currency that was created in 2013 as a fork of Litecoin.
The cryptocurrency is named after the mascot Mona, a popular cat-like character in Japan, and has gained a significant following in the Japanese cryptocurrency market.
MonaCoin operates on a proprietary decentralized blockchain and offers fast and secure transactions.
One of MonaCoin’s unique features is its commitment to promoting adoption and education about digital currencies. This digital currency will be used to finance various projects and initiatives aimed at promoting the use of digital currencies in Japan, including the installation of MonaCoin ATMs and the development of educational materials for schools.
In addition, MonaCoin has a strong and loyal community that supports Mona’s development and growth. The Japanese government has also recognized this coin as one of the payment methods.
Therefore, Mona Coin has become one of the popular meme coins of this country. Overall, MonaCoin provides an exciting and promising investment opportunity for users interested in widely accepted digital currencies and a strong commitment to promoting education.
SafeMoon, a meme coin that is as reliable as its name
SafeMoon is another popular meme coin that entered the market with the aim of improving and promoting Dogecoin and has a limited supply.
In fact, we can consider Safe Moon as a spin-off of the Dogecoin cryptocurrency, which, due to the lack of collective agreement on the general changes of Dogecoin, caused this cryptocurrency to fork in order to continue operating with the development of a new cryptocurrency called Safemoon.
You may have noticed from the name of this currency, Safe, that the main goal of its developers is to improve security in transactions and investments.
The developers of SafeMoon designed this meme with the aim of reducing the price bubble so that the buyers have a profit and a safe transaction in the market.
In fact, when this meme is traded, five percent of it is burned and the other five percent is distributed to buyers to keep the price bubble reasonably low.
This coin had a market cap of around $1 billion in 2021, but currently this amount has decreased to $100 million.
Dogelon Mars, forward to Mars
I am Doge Elon. Doge Elon Mars. Join me and together we will achieve the unattainable. This is the sentence that appears on the first page of the website as soon as you enter the project website. This cryptocurrency has appeared with the slogan To The Moon like its other peers.
Like Shiba Inu, Dogelon Mars is also known as a popular meme coin. But the story behind it is a little different.
The name of this currency is a combination of the three words Doge, Ilan and Mars, where Doge refers to the king of meme coins, Dog Coin. Elon to pay tribute to the great supporter of meme coins and Mars is also a bright ascending symbol in space.
A fantasy story has also been written for it in the form of comics. It should be noted that the use of the name of this Elon Musk in this currency has nothing to do with the person of Elon Musk.
Introduction of futuristic meme coins
Currently, we are facing the growth of the number of meme coins in the digital currency market. A new token of this type is released almost every month. Therefore, it is better to get acquainted with the most promising of these tokens.
Floki, animal protection
Floki digital currency is one of the new digital currencies that has been noticed in the crypto market. The token is named after Elon Musk’s dog, Floki, and is based on the Shiba Inu token.
Due to its unique branding, strong community and innovative approach, Floki has become one of the most popular and promising meme coins.
Floki digital currency works on the Ethereum blockchain, which allows safe and secure transactions. It is also decentralized, meaning it is not controlled by any central authority and all transactions are recorded on the blockchain ledger.
One of the unique features of Floki is its charity component, where part of every transaction goes to support animal charities. This makes it an attractive option for investors who are interested in social responsibility and ethical investing.
Overall, Floki cryptocurrency presents an exciting and promising investment opportunity for those interested in the world of digital currencies.
DogeChain, the unofficial currency of the DogeCoin network
The Dogechain project, not to be confused with the official Dogecoin blockchain explorer, is an unofficial Layer 2 solution to the Dogecoin project.
It is an EVM-compatible decentralized blockchain running on the Polygon network that aims to bridge Dogecoin and allow users of the network to access the growing decentralized finance (DeFi) ecosystem.
As mentioned above, Dogecoin is not affiliated with Dogecoin. Instead, it is a separate blockchain that aims to empower DogeCoin holders.
Using this currency, Dogecoin holders can access blockchain games, NFTs and various types of DeFi applications. They need some kind of bridge, because the Dogecoin blockchain is mainly used only for payments and purchases.
Since Dogecoin has limited benefits, the founders of the Dogechain project plan to supplement the original Dogechain digital currency, DC, so that it can be used for other purposes beyond its primary use.
This makes this digital currency one of the most popular and efficient meme coins.
In other words, this new project seeks to make the Dogecoin network more scalable, secure, robust and useful.
Bone ShibaSwap, native token of Dex ShibaSwap
Bone ShibaSwap is one of the popular meme coins known by the ticker BONE and works on the Ethereum blockchain. This token is part of the wider Shiba Inu ecosystem.
BONE currency was created as a governance token for the ShibaSwap decentralized exchange, which allows users to trade various digital currencies in a secure and decentralized manner.
Bone token holders have voting rights, which allow them to participate in the decision-making process of this decentralized exchange, which includes voting on proposals and changes to the operation of the platform.
These applications make this token a popular choice for investors who are interested in decentralized finance and want to play a role in shaping the future of the digital currency market.
In addition to its governance role, the Bone token has become a popular investment option due to its strong community and growth potential.
This token is listed in various exchanges, which has increased its liquidity. In addition, Bone has a deflation mechanism, where a portion of each transaction is burned, reducing the total token supply over time.
Overall, Bone ShibaSwap is a promising cryptocurrency that provides governance and investment opportunities for users interested in the Shiba Inu ecosystem.
Pepe, the most profitable joke ever
The PEPE meme coin was launched in mid-April 2023, with the first signs of being listed on Etherscan on April 18. Less than three weeks later, the market value of this digital currency was more than 420 million dollars and entered the list of top 100 digital currencies by total market capitalization.
At the time of writing, PEPE is traded on major exchanges such as Huobi, MEXC, OKX, and Binance. Apart from that, it is also available on several decentralized exchanges like Uniswap.
According to the official website, PEPE is designed to be “the most meme coin on the market”. This page has numerous references to other popular tokens such as Dogecoin, Shiba Inu, Floki, etc. In fact, this cryptocurrency intends to become one of the popular meme coins with extensive advertising on social networks, which has already been successful.
Unlike the currencies introduced above, the Pepe token does not have a specific use, which the developer team has also mentioned on the project’s website.
But due to the acceptance of this token by digital currency users, we can imagine a good future for it with the increase in fans of this digital currency.
RobotEra, creating an attractive metaverse world
The RobotEra project is a new and innovative crypto project that is building an all-encompassing metaverse world. In the RobotEra metaverse, users can not only own virtual real estate, but also create new games and experiences without the need for coding knowledge.
The Era robot has been launched on the Ethereum platform and uses the capabilities of this powerful network. As the name suggests, RobotEra focuses on futuristic robots.
This ecosystem is supported by the TARO token, which follows the ERC-20 standard.
RobotEra is currently offering the TARO token through a pre-sale campaign. At the time of writing, the TARO token presale has raised over $1.1 million in the first phase.
Important question, should we invest in the meme coin market?
After getting acquainted with the popular meme coins, it is time to answer the question, how much should we invest in the market of these currencies?
As you have seen, in this list, some digital currencies like Dogecoin have received the attention of a person like Elon Musk or a cryptocurrency like Monacoin has been approved by the Japanese government.
As a result, you can almost be sure about investing in these valid cryptocurrencies. However, in 2021, a group of observers ordered the removal of meme coins.
In addition to this, another issue that threatens the future market of these currencies is the possibility of liquidity depletion or Rug Pull, so I recommend that you see the full training and consult with experts to invest in this market.
Investing in the digital currency market requires a lot of education and study. If you are committed to education, you can achieve great success in this market.