Meme tokens are cryptocurrencies with a higher popularity in a short period. The notable acceptance of this type of cryptocurrency comes from the activities of retail investors or influencers. As a result, meme cryptocurrencies have seen tremendous growth throughout 2021. This explains the new market capitalization of the coins, which is more than 43 billion.
Meme cryptocurrencies are gaining more adoption in different sectors, of which Dogecoin and Shiba Inu are the top tokens with astronomical increases. Also, some companies like AMC Theaters, Guaranty Escrow, EasyDNS, and others now accept Dogecoin as payment.
Related article | Crypto Only: A Croissant Explains How GameStop and NFT Will Power Ethereum
These are some of the meme tokens that you can include in your digital portfolio.
Dogecoin (DOGE)
Dogecoin has taken the lead and is the most profitable and top meme coin for your investment. Influenced by Elon Musk, Tesla and SpaceX CEO Dogecoin witnessed significant growth in 2021. Additionally, billionaire CEO Musk announced in December 2021 that Tesla adopted Dogecoin as one of the payment options.
Besides Tesla, other companies are interested in this fast-growing dog-themed meme coin. For example, AMC Theater, one of the leading theaters with the largest number of branches, indicated its acceptance of DOGE as a payment method.
The move of this numeric meme token has put its market cap at 22.7 billion, while its price at the time of writing is $ 0.1582, showing a 7% drop over the past seven days. Dogecoin had its all-time high of $ 0.73 on May 3, 2021. Analysts predict that this meme coin will hit $ 1 in a few months for its price.
Shiba Inu (SHIB)
Shiba Ina Coin has achieved a remarkable surge on its way to the top ten cryptocurrencies. SHIB stands as one of the most important meme tokens for a profitable investment with its price performance.
It has competed competitively with Dogecoin to emerge as ‘the most sought after cryptocurrency by 2021’. Coinmarketcap gave a record of over 188 million views for Shiba Inu as the top, as Bitcoin follows it with around 145 million views.
This meme coin has a market capitalization of over $ 18.2 billion. Its price at the time of writing is $ 0.000033, indicating a 2.19% drop in the last 24 hours. Shiba Inu reached an all-time high of $ 0.00008 in October 2021.
Dogelon Mars (ELON)
Dogelon Mars stems from joining Dogecoin and Tesla billionaire CEO Elon Musk promoted Dogecoin. As a result, this meme coin has become # 3 meme tokens and stands as an excellent investment vehicle for profit.
Following in the footsteps of Dogecoin, Dogelon Mars has become one of the most sought after meme coins. Some crypto exchanges like Huobi, Gemini, Crypto.com now support meme currency on their platforms.
The dog-themed coin boasts a market capitalization of approximately $ 869 million. Its price is $ 0.000001328 showing a 5% drop in the last 24 hours at the time of writing this article.
Samoyedcoin (SAMO)
Samoyedcoin shares some similarities with Solana Network. However, the meme coin allows for high scalability, fast transactions, and low fees.
In addition, the meme coin ensures scarcity through its token burning three times from its launch moment. The latest destruction in November 2021 resulted in the burning of up to 500 million SAMO tokens.
This meme coin has a market capitalization of around $ 124 million. At the time of writing, SAMO is at $ 0.03174, showing a 3.36% drop in the last 24 hours.
MonaCoin (MONA)
Created in December 2013, Monacoin operates as an open source p2p network.
This meme coin was developed in Japan as the first alternative currency. It later boomed after being used in an advertisement to buy land in Nagano.
Related article | Why was 2021 an important year for NFT?
Monacoin currently has a market capitalization of around $ 77 million. Its price at the time of writing is $ 1.11, with a drop of 1.95% in the last 24 hours. The meme coin had its all-time high in 2017 and is considered one of the investment tokens to increase your earnings.
Featured Image from Pexels, Charts from TradingView.com