Five Best Meme Cryptocurrencies To Keep An Eye On In 2022

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Meme tokens are cryptocurrencies that are gaining in popularity in a short period of time. The impressive acceptance of this type of cryptocurrency comes from the activities of retail investors or influencers. As a result, the crypto-meme has experienced massive growth throughout 2021. This explains the new market cap of coins, which is over 43 billion.

The meme cryptocurrency is gaining more adoption in various sectors, among which Dogecoin and Shiba Inu are two of the best tokens with astronomical increases. In addition, some companies such as AMC Theaters, Guaranty Escrow, EasyDNS, and others now accept Dogecoin for payment.

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Here are some tokens that you can include in your digital wallet.

Dogecoin (DOGE)

Dogecoin has taken the lead and is the highest and most profitable meme currency for your investment. Under the influence of Elon Musk, the CEO of Tesla and SpaceX, Dogecoin, experienced significant growth in 2021. Moreover, the billionaire CEO, Musk, announced in December 2021 that Tesla had adopted Dogecoin as one of its payment options.

Besides Tesla, other companies are interested in this fast-growing meme coin. For example, AMC Theater, one of the prominent theaters with the largest number of branches, has indicated its acceptance of DOGE as payment.

DOGE is currently facing a downturn | Source: DOGEUSD at Tradingview.com

The move of this remarkable figure has put the market capitalization at 22.7 billion while its price at the time of writing is $0.1582, which shows a drop of 7% over the past seven days. Dogecoin made $0.73 on record May 3, 2021. Analysts expect this meme coin to reach $1 within a few months of price performance.

Shiba Inu (sheep)

Shiba Ina Coin has made a significant increase on its way to the top ten cryptocurrencies. SHIB stands as one of the best tokens for profitable investment by price performance.

SHIB is following a downtrend | Source: SHIBUSD on Tradingview.com

It has competed competitively with Dogecoin to emerge as the “Most Searched Cryptocurrency of 2021.” Coinmarketcap gave a record over 188 million views to Shiba Inu as the top of the page followed by Bitcoin with around 145 million views.

This meme coin has a market cap of over $18.2 billion. Its price at the time of writing is $0.000033, which indicates a decrease of 2.19% over the past 24 hours. Shiba Inu reached an all-time high of $0.00008 in October 2021.

Dougilon Mars (ELON)

Dogelon Mars is derived by joining Dogecoin and Tesla’s billionaire CEO, Elon Musk, has promoted Dogecoin. As a result, this meme coin has risen to be the number 3 meme token and stands as an excellent investment method for profit.

ELON stays in the red | Source: ELONUSD on Tradingview.com

Following in the footsteps of Dogecoin, Dogelon Mars has become one of the best highly searched meme coins. Some crypto exchanges like Huobi, Gemini, and Crypto.com now support meme currency on their platforms.

The market value of the coin bearing the dog logo is about 869 million dollars. Its price is 0.000001328 USD which shows a decrease of 5% in the last 24 hours at the time of writing.

Samoyedcoin (SAMO)

Samoyedcoin shares some similarities with the Solana Network. However, the meme coin allows for high scalability, fast transactions, and low fees.

Samoyedcoin loses steam as BTC drops | Source: SAMOUSDT on Tradingview.com

Moreover, the meme coin guarantees rarity by burning its token three times from the time of its launch. The latest destruction in November 2021 resulted in the burning of up to 500 million SAMO tokens.

This meme coin has a market cap of about $124 million. At the time of writing, the price of SAMO is at $0.03174 which shows a decrease of 3.36% in the last 24 hours.

MonaCoin (MONA)

Monacoin was created in December 2013, and operates as an open source p2p network.

Mona trying to climb | Source: MONAWETHon Tradingview.com

This meme coin was developed in Japan as the first alternative currency. It later flourished after being used in an advertisement to purchase land in Nagano.

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Currently, Monacoin has a market capitalization of around $77 million. Its price at the time of writing is $1.11, with a decrease of 1.95% over the past 24 hours. The meme coin hit an all-time high in 2017 and is one of the investment tokens to increase your earnings.

Featured image by Pexels, charts from TradingView.com

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