It’s another year, which means it’s another chance for the most unpredictable cryptocurrencies to post unpredictable gains. Meme tokens remain their own super-hot sector as we trudge into the depths of 2022, with investors still hungry for big gains. But what are the meme token to buy, those that will survive the whole year, and whose memes will no longer be entertaining?
Pupcoins are obviously the leaders of the pack; there is a rotation of top pupcoins vying for the crown. Some are getting by with a deflationary model and hype, others are breaking the mould and coming up with new projects to remove scepticism.
Here are some of the suggestions for meme coins/tokens to invest in:
- Dogecoin (DOGE-USD )
- Shiba Inu (SHIB-USD )
- Floki Inu (FLOKI-USD )
Dogecoin obviously deserves a place here. Of course, it is the first meme coin. Its age dwarfs that of any other project mentioned here, and it boasts a host of endorsing celebrities and fans around the world. But beyond this, it is also the largest meme coin by far, and its developers are working hard to strengthen the network.
DOGE was the crypto that started this whole meme coin craze, thanks to its huge price movement in the first half of 2021. In fact, the coin ended up skyrocketing from less than a cent to 78 cents in just a few weeks, making some smart (and lucky) investors in Dogecoin Millionaires.
Today, DOGE is defending itself as one of the best meme cryptos to buy as the only true coin of the pupcoin pool. In fact, Dogecoin has its own underlying network and blockchain. And the Dogecoin developers are hard at work continuing to upgrade this network, working in tandem with none other than Elon Musk himself. It is also one of the coins with the most use cases as a transactional currency.
Shiba Inu (SHIB-USD)
Shiba Inu is definitely one of the most well-known puppies out there. The token rose to prominence in 2021, although it has been around for several years. Why the sudden spike? After the rise of Dogecoin, Shiba Inu gained sympathies.
However, SHIB took things one step further in the second half of the year. It posted gains of over 900% in early October, in a matter of days. it is now at the forefront of heated rumours; Investors are hopeful that the token will end up on Robinhood’s (NASDAQ: HOOD ) cryptocurrency trading platform in early 2022.
But even beyond mere rumours, the developers of SHIB are looking to make the Shiba Inu token not just one of the best meme tokens to buy, but one of the best cryptocurrencies to buy, period. Community leaders have taken to Twitter recently to tease the token’s own metaverse space created in collaboration with major video game developer PlaySide Studios and Activision’s Blizzard (NASDAQ: ATVI ) developer William Volk. The space of the metaverse will arrive this year according to the developers. After that, the project looks to launch its own dedicated Layer 2 network.
Floki Inu (FLOKI-USD)
Floki Inu is the first crypto to appear hereafter Dogecoin’s Race to Nearly $1. The reason for the creation of Floki was actually in a response to a tweet from Elon Musk. Musk, as has been the case for much of the year, ended up inadvertently inspiring the FLOKI token by saying that he planned to name his cub Shiba Inu Floki.
It was a simple tweet showing off his love for Shiba Inu dogs and the History Channel series Vikings, but it was enough to spark the creation, and continued success, of one of the biggest meme tokens to buy right now. Then, in October, that success exploded. Thanks to SHIB’s massive profits, FLOKI grew almost 500% in value.
Now comes a turning point for FLOKI as it seeks to escape the crypto meme label like its predecessors.
The developers of Floki Inu are rolling out a number of new products to the ecosystem, including a non-fungible token ( NFT ) marketplace, a metaverse space, and an educational space for learning about crypto. In particular, the network is currently undergoing a transition leaving the investors themselves in charge of future changes to the network, through a decentralized autonomous organization (DAO) of Floki.