What are Meme Coins and Are They Worthwhile to Invest in?

Only Bitcoin is an option of cryptocurrency-based coins around us- “No”. There are more types of cryptocurrency available in the market. One of the examples is meme coins. Cryptocurrency coins Dogecoin, Shiba Inu & Dogelon Mars, fall in the meme coin category. 

What is a Meme Coin?

Meme coins are blockchain technology-based cryptocurrency tokens developed in a funny way with the inspiration of viral memes over the internet. Especially their logos and way of representation are points of attraction. 

There are thousands of meme coins available in the market and their specialty is they are cheaper than other cryptocurrencies, a normal person can easily afford meme coins.

Meme Coins was founded in 2013 and Dogecoin was the first meme crypto coin inspired by the Doge meme of a Japanese Shiba Inu dog.

The most famous meme crypto coin, Dogecoin, is worth $0.15. 

How do Meme Coins Differ from Other Cryptos? 

Bitcoin is also a cryptocurrency & Dogecoin is also a cryptocurrency then why these are known why different identities. Okay, so the reason is that you know about the external things associated with cryptocurrency but there are other factors also that differentiate. 

  • These are heavily community-driven tokens. 
  • Instead of word and symbol logos, Meme coins use images and photos. 
  • Most meme coins are highly volatile in front of other cryptocurrency coins like Bitcoin & Ether. 
  • The price of meme coins depends on social media sentiments. 
  • Meme coins differ from other cryptos, they offer unlimited coin supply but other cryptocurrencies offer limited coin supply. For example, Shiba Inu offers 1,000,000,000,000,000, which means 1 quadrillion crypto coins. On the other hand, Dogecoin offers 100 Billion tokens. 
  • As compared to other cryptocurrencies, top meme coins offer low prices just because of the huge number of tokens available in the market. 

List of Top 5 Meme Coins That Will Explode

Like other cryptocurrencies, Meme coins also offer various cryptocurrencies worldwide to invest in. 

For the last few years meme coin crypto coins like dogecoin & Sibhu Inh dominate the whole cryptocurrency world. Here we are going to share the top 5 meme coins that will explode in the next few years. 

  1. Dogecoin (DOGE) 
  2. Shiba Inu (SHIB)
  3. Dogeloan Mars (ELON)
  4. Samoyed Coin (SAMO)
  5. Monacoin (MONA)

Dogecoin (DOGE)

Dogecoin is the oldest and first meme coin cryptocurrency present in the real world. It was introduced in 2013, in the last 9 years this stands at top meme coins. It is the biggest meme coin in terms of market capitalization. According to CoinMarketCap, Dogecoin a top meme coin ranked 11th in market capitalization. 

*World’s well-known entrepreneur Elon Musk had a special attraction towards Dogecoin. Now, you can understand the value of Dogecoin.  

Current price-  0.14 USD

Country- Jamtland, Sweden 

Available platforms- Gemini, Sofi investing, Robinhood, Coinbase & Finance US

Shiba Inu (SHIB)

Shiba Inu is a decentralized cryptocurrency coin introduced in august 2020. This coin is standing at the second number in terms of market cap. If you are looking for a perfect investment in the next big meme coins then Shiba Inu is a big meme coin.  

Current Price- 0.00002059 USD

Country- Japan

Available Platform- Uphold, Voyager, eToro and Coinbase

Dogeloan Mars

In the next big meme coins, Dogeloan Mars is considered on 3rd number because his rapid growth is one of the reasons to take this new meme coin to new heights. If you are planning to invest in the next big meme coin, then Dogeloan Mars will be that meme crypto coin. 

Current Price- 0.000000834 USD

Country- Unknown 

Available platforms- KuCoin, Crypto.com, Lbank, OKEx

Samoyed Coin 

When we talk about meme coins that will explode, Samoyed Coin. This was released in April 2021, in the last 10 months only it became popular like other meme crypto coins. Samoyed is inspired by a breed of dog that is present in Eastern Europe.

Current Price- 0.0196 USD

Country- NA

Available Platforms- Bonfida, Gate.IO 

Monacoin (MONA)

If we talk about Japanese meme coins, then one the name is listed top in the meme coin list “Monacoin”. MONA was founded in 2013, so we can consider this one of the oldest and most trusted meme coins. Like another meme cryptocurrency, Monacoin is also inspired by a cat.

Like cryptocurrency bitcoin, it follows the proof of work protocol. Mona coin follows the transaction smoother like Bitcoin. 

Current Price- 1.00 USD

Country- Japan

Available platforms- Finexbox, CoinEX, Bittrex, bitFlayer  

Are Meme Coins Worth Investing in?

The answer is neat and clean, investment is like entrepreneurship. You need to take risks for better results. Blockchain development introduced meme coins and people trust them. 

Also, forecasters and investors are saying that in upcoming years meme coins rock the entire world. According to the market capitalization, we can also assume the growth of meme coins.

Yes honestly “ Investing in meme coins worth it”    

Risks Associated with Investing in Meme Crypto Coins

Investment is a part of entrepreneurship and entrepreneurship is all about taking risks. Like other coins, there is a few risks associated with Meme crypto coins. 

  1. You need to measure meme coin’s price closely for a shorter benefit. 
  2. This is more exhausting than investing in cryptocurrency. 
  3. In risks, a market correction is one of the major risks. 
  4. There are various fake meme coins created in the market by scammers

Conclusion- 

Last but not least, you can understand meme coins, what are meme coins, and where they are available? 

If you are planning to invest in meme coins, then today is the perfect time to start investing in meme coins.