The crypto market has taken the world markets by a storm. With each passing day, more and more people are gaining interest and knowledge in the field of investing and crypto. With growing public interest in the crypto domain, hundreds of new cryptocurrencies are being brought into existence. With Bitcoin (BTC to INR) being the first token, launched in 2009, many more cryptocurrencies have since then come into play. – Top MemeCoins

This has given way to many branches of cryptocurrencies like stablecoins, altcoins and even something called ‘memecoins’. Memecoins are a cryptocurrency that exists just because it can. It does not claim to do anything special and is inspired by viral internet memes and fads. They have grown immensely popular because of public fervor and Elon Musk’s tweets. They are highly volatile and unstable so being cautious while investing in memecoins is really important. 

Here are a few meme coins that have done well, despite the constant market fluctuations. 

Dogecoin (DOGE)

Probably the most popular with the largest market cap in memecoins, Dogecoin (DOGE to INR) was the first meme currency to have been brought into existence. It sort of launched a little bit of a revolution in crypto markets. Here are some fun facts about dogecoin.

• Started as an experiment in 2013, its founders chose a dog to be the face of the cryptocurrency as dogs are loved by everyone and they thought it would make the token more popular. 
• The value of Dogecoin skyrocketed as it was influenced by Elon Musk’s tweets. In the past year, its value was approximately $0.13 and it is anticipated to reach $0.98 by 2030. 

This is why it’s a smart idea to buy while its price is cheap, so you can enjoy some substantial returns soon.

Dogelon Mars 

Due to the super popularity of Dogecoin, Dogelon Mars came into existence. Based on dogecoin and Elon Musk, this memecoin saw some massive fluctuations in 2021. This Ethereum-based project follows the ERC-20 token standard, which means it secures the token using the Ethereum network while also providing its own unique features. 

Dogelon Mars’ creators have locked 50% of all ELON liquidity in the Uniswap liquidity pool. The remaining half was given to Ethereum co-founder Vitalik Buterin. The ELON that was given was distributed to several DAOs and nonprofits. Current token holders obtained the asset via the Decentralized Exchange (DEX) or as a contribution from Vitalik Buterin.

Shiba INU

Developed on the Ethereum blockchain, Shiba Inu, is second most valuable meme currency in terms of market capitalization and popularity, and the self-proclaimed DOGE killer, is another community-driven dog-themed token. SHIB is described on its official website as “an experiment in decentralized spontaneous community building.” 

• SHIB tokens have a total supply of 1,000,000,000,000,000 (or 1 quadrillion). 
• It briefly outperformed Dogecoin in terms of market value, but is now behind DOGE once again. 
• It is also the most promising meme currency in the Shiba Inu ecosystem, which includes two other cryptocurrencies, LEASH and BONE, in addition to SHIB. 

The Shiba Inu community has launched the platform’s DEX – ShibaSwap – and plans to launch an NFT marketplace as well as other Defi-based products. Shiba Inu is undoubtedly one of the top meme currencies to purchase in 2022, based on its potential use cases.

SafeMoon

SafeMoon was launched in March 2021 with the tagline “Safely to the Moon,” in tandem with the hope that the prices would reach the moon. Soon after its launch, SafeMoon topped one million bitcoin holdings. SafeMoon is now one of the most popular meme currencies with the most potential. 

SafeMoon Protocol is a decentralized finance (DeFi) coin. According to the SafeMoon website, SafeMoon has three functions that take place during each trade: 

• Reflection, 
• LP Acquisition, 
• and Burn. 

SafeMoon technology is a blend of RFI tokenomics and an auto-liquidity producing mechanism. According to an article, SafeMoon wants to establish a non-fungible token (NFT) exchange, as well as charity initiatives and crypto educational applications. With the SafeMoon system, token holders will receive more SAFEMOON based on how many tokens they have.

Memecoins are highly volatile in nature and it is very important to exercise caution while investing in them. Do your research so you won’t have to incur any unnecessary losses.