Besides having serious projects and companies, every market also has a fun side. As for the cryptocurrency market, there is a meme sector that is made up of meme coins – also known as shitcoins. Some of these meme coins have gained enormous attention and have become part of the biggest cryptocurrencies in existence – and these are Dogecoin and Shiba Inu. These two giants lead the pack right now, however, numerous projects have enormous potential in this sector.
Just as their name suggests, meme coins are all about fun and breaking the monotony of the market. Meme coins mainly focus on building a healthy community and providing them with ways to entertain themselves using blockchain technology. Some of these projects include Play-to-Earn games, Non-Fungible Tokens (NFTs), and even comic books. All of these incentivize people to invest in such projects just for fun.
Despite focusing on entertainment and fun, this sector of cryptocurrencies has proven to be a very profitable sector to invest in. Nevertheless, there are thousands of shitcoins circulating right. This makes it hard for people to choose between them, which most often results in bad investments. The top 10 shitcoins and tokens that have the most chances of blowing up once again in 2021 are Dogecoin, Dogelon Mars, Shiba Inu, Shiba’s Wife, Akita Inu, Floki Inu, Baby Dogecoin, Kishu Inu, Sanshu Inu, and Samoyedcoin.
Dogecoin (Ð stands for Dogecoin) is the oldest meme coin in the cryptocurrency market. Additionally, this cryptocurrency is the most famous one when it comes to meme coins. Joining the market in 2013 makes it the first-ever meme coin in existence. Dogecoin was inspired by a Doge meme that was famous during that time. The founders of Dogecoin claim that this cryptocurrency was made solely for fun. Moreover, if you go to their website, you will see that Dogecoin aims to be the internet’s currency; or as Elon Musk best put it, Dogecoin is the people’s cryptocurrency.
Dogecoin’s blockchain is nearly identical to that of Bitcoin, mainly because their code is extremely similar to Bitcoin’s. Furthermore, Dogecoin uses a Proof-of-Work mechanism to validate transactions.
The recent Dogecoin update lowered the fees by more than 10x and increased the efficiency of using this network. As the cherry on top, these two have suggested transforming Dogecoin’s network from Proof-of-Work to Proof-of-Stake. This would make the network far more scalable, efficient, and environmental-friendly.
The richest man in the world also supports Dogecoin. From early-2020, Elon Musk has publicly supported Dogecoin through his tweets. Recently, Musk and Vitalik Buterin joined the board of Dogecoin’s team. These two additions increase the potential that Dogecoin has when it comes to growth and implementation.
Dogecoin set its current all-time high of $0.73 on the 8th of May 2021. Although today this cryptocurrency has a price of $0.24, Dogecoin could surpass the $1.00 milestone by the end of 2021. That being said, Dogecoin might continue to grow even further and possibly reach new all-time highs in 2022. Who knows, maybe Dogecoin might go as high as $5 in 2022. For a detailed case study on the future price of Dogecoin, check out Dogecoin Price Prediction 2022.
2. Dogelon Mars
Next on the list is Dogelon Mars – one of the most anticipated tokens of 2021. This ERC-20 token is a cryptocurrency that is hosted on the Ethereum blockchain. This highly affects its fees, of course, with Ethereum being one of the most expensive networks to operate in at the time. However, this also increases its credibility and seriousness as a project.
Dogelon Mars is known for its persuasive name, logo, and website combination. When it comes to their website, it is one of the most important factors that led to its success. Although their website is not that well-built, they provide every necessary information regarding the ELON token through there. Additionally, they have a comic about Dogelon Mars and aim to make ELON the first interplanetary currency.
Dogelon Mars has had quite a run in 2021. This leaves people thinking about whether Dogelon Mars fulfilled its potential and has no more room to grow. However, Dogelon Mars has a low market capitalization and this means that it has a lot of room to grow before it actually reaches its full potential.
3. Shiba Inu
After talking about Dogecoin and Dogelon Mars, we have yet another very famous meme coin on the list – and that is Shiba Inu. Similar to Dogecoin Mars, Shiba Inu is an ERC-20 token that operates in Ethereum’s blockchain. This means that, unlike Dogecoin, Shiba Inu does not have its own blockchain.
This has its advantages and disadvantages of course. One of the main drawbacks of not having your own blockchain is the fact that you cannot work in controlling the fees or the efficiency of the transactions. That is one of the main problems with Shiba Inu and thousands of other ERC-20 tokens.
Shiba Inu started its crypto journey with the sole purpose of surpassing Dogecoin – and it did so in the fourth quarter of 2021. As they grew, Shiba Inu became more focused on its community. This led to them launching ShibaSwap – one of the most important elements of creating their own ecosystem. Together with Leash, Bone, and Shiba Swap, Shiba Inu is getting ready to build one of the biggest ecosystems in the cryptocurrency market.
We must note that both Shiba Inu and Dogecoin were part of the top 10 biggest cryptocurrencies regarding market capitalization during 2021. Furthermore, they aim to protect their rank in every way possible.
4. Shiba’s Wife
Shiba’s Wife was launched during the fourth quarter of 2021, making Shiba’s Wife the youngest token mentioned in this list. Just as its name suggests, Shiba’s Wife focuses on women’s rights – and that is not all. Shiba’s Wife also promotes equality, kindness, and prosperity.
Shiba’s Wife operates on the Binance Smart Chain (BSC). Because of this, depositing and withdrawing Shiba’s Wife is very cost-efficient and time-efficient. Moreover, being on the Binance Smart Chain makes it possible for Shiba’s Wife to further grow its ecosystem. According to their website, the team of Shiba’s Wife is planning to launch Shiba’s Wife Exchange, Shiba’s Wife Non-Fungible Tokens (NFTs), and the wallet dedicated for women with violated rights.
For each transaction, 10% of the fee will contribute to the above-mentioned Wallet. All of the funds raised will be sent out as donations to several charities for women with violated rights. This makes Shiba’s Wife the first token of this kind. Meme coins are by the community, for the community; and Shiba’s Wife is a visual representation of that.
The maximum supply of Shiba’s Wife is 400 billion tokens and its tokenomics state that 15% of the tokens will contribute to auto-liquidity. When it comes to fees, 2.5% of all fees will be allocated to the marketing and development sector while another 10% will be sent to the wallet dedicated for women with violated rights. In this way, Shiba’s Wife aims to keep a healthy ecosystem and continuously grow as time passes.
5. Akita Inu
Akita Inu is another meme coin that emerged in 2021. This cryptocurrency token, similar to Dogelon Mars and Shiba Inu, is an ERC-20 token operating on the Ethereum blockchain. This makes it one of many, however, it is quite a project when compared to most others. Akita Inu joined the market in early-2021. If we compare it to projects like Dogecoin and Shiba Inu, this meme coin is very young and has yet to experience ‘crypto winters’ and other market challenges.
When it comes to its tokenomics, Akita Inu has the same tokenomics as Shiba Inu. And when we say the same, we mean the exact ones. Half of its total supply was gifted to Vitalik Buterin prior to its launch, while a portion of the remaining supply provided liquidity.
Akita Inu had quite a bull run during 2021 and reached an all-time high of $0.000028 in May. However, it dipped quite a lot after it hit that price and it never really recovered. Its market cap is lower than that of Dogelon Mars’, making it a cryptocurrency token with way too much room to grow during 2022.
Although they started as a meme, Akita Inu plans to bridge to the Avalanche blockchain and become a governance token. Moreover, they are planning to be the platform where social media meets decentralization and blockchain technology.
6. Floki Inu
Similar to Akita Inu, Floki Inu is another meme coin that came after Shiba Inu. Moreover, Floki Inu is also an ERC-20 token that operates on Ethereum. When compared to the above-mentioned tokens, Floki Inu is even younger. After its launch in early August 2021, Floki Inu began to gain popularity. This token uses Elon Musk’s Shiba Inu pup named Floki as an inspiration.
Just as all meme coins, Floki Inu’s main goal was entertainment and fun for its community. Yet, as time passed by, its goal became quite more serious. Recently, this token announced a partnership with the Million Gardens Movement. This movement is owned by Kimbal Musk, the brother of Elon Musk. This partnership had a positive impact on the price of Floki Inu.
According to their roadmap, the team of Floki Inu is working in a Non-Fungible Token (NFT) marketplace, a Play-to-Earn game, and some other projects. This only increases the potential that Floki Inu has and expands the community even more.
Read More: Floki Inu (FLOKI) Price Prediction 2021 and Beyond – Will Floki Eventually Reach $1?
7. Baby Dogecoin
Next in line is Baby Dogecoin. This token is another meme coin inspired by Dogecoin. Similar to Floki Inu and Akita Inu, Baby Dogecoin joined the market in 2021. Only some weeks after its launch, this token had a trading volume of $115 million. This means a lot to such cryptocurrencies since it serves as an indicator for an active project.
Baby Dogecoin has a self-reported total supply of 420 quadrillion tokens. Nevertheless, only 55% of those tokens are in circulation. The project has a burn mechanism in every transaction which slowly lessens its supply. This makes Baby Dogecoin a deflationary token, which is always good in the long run. This shitcoin has a market capitalization of $750 million, meaning that this token still has a lot of room to grow.
The main element that contributes to the growth of tokens such as Baby Dogecoin is marketing. Earlier in 2021, Elon Musk featured this token in one of his tweets. This had a huge impact on the price performance of this token, and its price surged quite a lot. Moreover, their team is supporting pet charities around the world and plans on launching Play-to-Earn DApps that help them achieve their goal of building a functioning ecosystem. So, Baby Dogecoin has the potential to skyrocket during 2022.
— Elon Musk (@elonmusk) July 1, 2021
8. Kishu Inu
Kishu Inu is also a token with huge potential. Similar to Shiba Inu and Akita Inu, Kishu Inu is an ERC-20 token. Although Kishu Inu reaps numerous benefits of being in the Ethereum blockchain, many drawbacks come with it. For example, moving your Kishu Inu from one wallet to another is extremely costly if not exchanged with any stablecoin or so on. The Ethereum 2.0 update might be the solution to this issue; yet, that remains to be seen.
This meme coin has a total supply of 100 quadrillions, all of which are presumably in circulation. You can trade this token in Gate.io, Poloniex, Uniswap, ShibaSwap, BitForex, ZT Exchange, and several other exchanges. This increases the exposure of the token, making it available for more people simultaneously. Moreover, this also makes the market of Kishu Inu more liquid, meaning that you can buy and sell Kishu Inu easier.
Kishu Inu has a lot of plans for the future. To be more exact, they are working on Kishu Swap (a next-gen DEX), Kishu Crate (an NFT marketplace), Kishu sWAG (a decentralized merchandise store), and Kishu Raw Print (a Kishu-based wallet tracker). These will help create the Kishu Inu ecosystem and further grow the Kishu Inu community.
9. Sanshu Inu
Sanshu Inu is another meme coin operating in the Ethereum blockchain. This token claims to be a completely-decentralized, community-driven transaction network. They try to support the community as much as they can through redistributions. In each transaction, a 1% fee is redistributed to other Sanshu Inu hodlers. Moreover, they try to keep whales away from their tokens to avoid any unwanted pumps and dumps.
Until today, they have burned more than 58% of their total supply. This is one more attempt at keeping the community healthy and the token deflationary. According to their roadmap, which they call a Dog Walk, by the way, Sanshu Inu has achieved more than 70% of all the goals it had in 2021. They plan to launch the ‘Dog Park’ soon – a Yield Farming option.
At the time of writing, this token is tradeable only on Uniswap, LBank, XT Exchange, and ShibaSwap. Because Sanshu Inu is a low-cap token and has very low exposure when compared to most meme coins, it is safe to say that it has a lot of room to grow. Please be cautious when investing in meme coins since they are often more volatile than the rest of the market. Moreover, please allocate only a portion of your crypto investments to meme coins.
Last but not least, we have Samoyedcoin – the Siberian version of Dogecoin. Unlike any other above-mentioned token, Samoyedcoin was launched in one of the most efficient blockchains out there – Solana. This makes it the first meme coin that operates on the Solana blockchain. Just as every meme coin, Samoyedcoin promotes its community the most.
Several elements make Samoyedcoin unique, however, its supply is one of the most important ones. Contrary to the supply of most other meme coins, Samoyedcoin has a maximum supply of 14 billion. To add to this, Samoyedcoin initiates manual burns very often. For example, 5% of the total supply was burned in May 2021 to honor Anatoly Yakovenko and another 5% were burned in June 2021 to honor Sam Bankman-Fried.
As the cherry on top, a 54% burn plan was initiated in July 2021. This is a plan to burn 500 million tokens on a random day each month. Considering the low supply that Samoyedcoin has, this is a bullish indicator. At the time of writing, only 2.8 billion tokens are in circulation, and the rest of the tokens are under a continuous distribution process.
Despite being very young, Samoyedcoin is listed on numerous known exchanges. Today, you can trade Samoyedcoin in Gate.io, OKEx, LBank, Raydium, ZT Exchange, HotBit, and Serum DEX. This gives the token relatively high exposure. Nevertheless, Samoyedcoin’s exposure would drastically increase if Binance, Coinbase, or Crypto.com list it.
That being said, Samoyedcoin has every element needed for a token to skyrocket. So, be on the lookout since nobody knows when the next Samoyedcoin spike will hit.
- Meme coins have taken the cryptocurrency market by storm. Each day, new ones are added to the market.
- Because there are so many meme coins out there, only some provide quality.
- Some of the best shitcoins to invest in 2022 are Samoyedcoin, Dogecoin, Shiba Inu, Dogelon Mars, Floki Inu, Shiba’s Wife, Kishu Inu, Sanshu Inu, Akita Inu, and Baby Dogecoin.
- Most of these tokens operate on blockchains such as Ethereum, Binance Smart Chain, or even Solana.
- Dogecoin is the only meme coin that operates in its own blockchain. Although its blockchain is more or less a copy of Bitcoin’s blockchain, it still serves its purpose just right.
- Shiba’s Wife is the youngest meme coin with the highest potential on the list.
- Samoyedcoin is the first-ever Solana meme coin. Samoyedcoin is similar to most other meme coins, however, its team is very serious when it comes to building an efficient ecosystem.