Meme coins are merely cryptocurrencies that are motivated by memes and internet jokes. It isn't all that different from the description of a meme in the dictionary. Meme coins are digital assets that were created as humorous jokes. However, certain meme coins have seen massive price increases, multibillion-dollar market caps, and celebrity endorsements. Although these traits imply that meme coins have some underlying utility or value, the reality is that almost all of them don't have any kind of inherent worth or unusual applications.
In the list,we have mentioned the Top 10 Crypto Meme Coins along with their features.
1. Tamadoge
The Tamaverse's native cryptocurrency and utility token is called Tamadoge (TAMA). This cryptocurrency is another addition to the doge community, but it differs from other meme tokens like Doge in some important ways.
Key Features:
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Players can take part in various play-to-earn (P2E) features using the multi-utility token Tamadoge.
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Tamadoge also aspires to be a deflationary token.
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The maximum number of tokens that TAMA will issue is 2 billion. This will assist in perhaps increasing the token's long-term value.
2. Dogecoin
Dogecoin, the most well-known meme cryptocurrency, was created in 2013 as a joke about the quick rise of alternative currencies in response to the success of Bitcoin. Since then, Dogecoin has developed into a significant cryptocurrency asset for owners.
Key Features:
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Sling TV, a TV streaming provider, has declared that DOGE would be accepted as payment for its offerings. BitPay, a cryptocurrency payment provider, confirmed this.
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A derivative crypto project called Baby Doge was also created with the goal of improving tokenomics, transaction times, and utility.
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The eccentric businessman and billionaire Elon Musk is credited with popularising Dogecoin, which is still regarded as the king of the meme-based cryptocurrency ecosystem.
3. Shiba Inu
Shiba Inu is an unplanned test of the community project. This is frequently seen as an attempt to unseat Dogecoin as the leader in meme cryptocurrency and replace it with Shiba Inu.
Key Features:
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The Shiba team has been developing a number of use cases to keep the project current and on investors' minds.
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SHIB is up 4.38% and trading at $0.000026, keeping pace with the overall cryptocurrency market.
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Shiba Inu intends to launch a virtual property market named Shiba Lands.
4. Akita Inu
Akita Inu is a decentralized community initiative built on the Ethereum network.
Key Features:
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Akita Inu claims that Vitalik Buterin, the co-founder of Ethereum, has received half of its token supply, and the other half has been sent to a UniSwap account for liquidity.
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With time, the project's popularity has increased, and it now has cross-chain compatibility with the Avalanche blockchain.
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AKITA is trading at $0.00000083, up 6.62%, and is being seen pushing upward.
5. Samoyed Coin
The Solana blockchain's Samoyed Coin is a well-known meme coin. Together, Anatoly Yakovenko, the creator of Solana, and Sam Bankman-Fried, a well-known Solana advocate and the owner of the FTX cryptocurrency exchange, created Samoyed Coin.
Key Features:
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The meme cryptocurrency aims to increase the number of Solana users, inform market participants, foster interpersonal relationships, and assist token holders in maximizing their possible returns.
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Samoyed Coin, one of the fastest-rising meme stars, serves as the face of meme coins on the Solana blockchain.
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The Samoyed Coin has established itself as a well-known meme coin on the Solana blockchain as well as the larger cryptocurrency market because of its primary objective of attracting more users to the cryptocurrency space through a fun-themed digital asset.
6. MonaCoin
MonaCoin is among the first meme-related cryptocurrency assets that you may uncover. Famously introduced in late 2013, the meme coin has a huge following in Japan.
Key Features:
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The meme project uses a peer-to-peer (P2P) network and is decentralized and open-source. MonaCoin is a fork of the well-known Litecoin fork of Bitcoin that employs the Lyra2RE algorithm (v2).
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The MonaCoin network's 1.5-minute transaction processing time and devoted, active community are among its most valuable features.
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After appearing in a TV commercial, the meme crypto gained popularity in Japan.
7. Dogelon Mars
Dogecoin is the most well-known meme cryptocurrency character, and Dogelon Mars is a variant of that character. Elon Musk, who is Dogecoin's main sponsor, has also been brought into the project by its creators in an effort to increase its appeal.
Key Features:
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Dogelon Mars is a decentralized, community-driven system.
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The core plot of the project takes place on Mars and shows how a video game meme featuring dogs can travel across the cosmos and make new friends.
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Dogelon Mars, like most joke coins, has no known value.
8. DogeDash
DogeDash is a fresh take on the cryptocurrency meme market. Paul, a crypto enthusiast, founded DogeDash, which is supported by a young development team.
Key Features:
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DogeDash is a play-to-earn (P2E) game that is based on the Binance Smart Chain (BSC) network and heavily imitates the Super Mario and Sonic movement from the 1990s.
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Players must sprint while picking up coins along the way.
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DogeDash's primary goal is to attract more players to the crypto gaming industry. It also seeks to recreate the excitement and nostalgia of early gamers.
9. SafeMoon Inu
The main goal of SafeMoon Inu is to establish a vibrant community for gamers and memes.
Key Features:
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The SMI Play gaming platform is being created via the Safemoon Inu protocol, which also rewards SMI token owners with non-fungible tokens (NFTs).
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The reward and penalty mechanism used by the majority of decentralized finance (Defi) projects, including SafeMoon, is largely influenced by SafeMoon Inu.
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The protocol rewards long-term holders by distributing 2% of each transaction to holders.
10. Hoge Finance
Hoge Finance is a community-driven Defi auto-staking ERC-20 token that was once known as Hogecoin.
Key Features:
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The meme-staking cryptocurrency has a hard maximum restriction of exactly 1 trillion HOGE coins that will ever be in circulation and is deflationary.
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Early in 2021, the meme cryptocurrency launched with around 50% of its token supply already burned, and it even goes as far as burning 1% of all network transactions.
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All wallets holding HOGE tokens are given the remaining 1%.
Things to keep in mind while choosing Crypto Meme Coins
The goal of the project
The group supporting the meme coin project should have something in common aside from the desire to make money. When everyone in the community is trying to boost the coin's worth by enticing new investors to purchase tokens in the hopes that this will raise the price even higher, this raises a red signal.
Check if the liquidity pools are legitimate
Meme coins are typically allocated by automated market makers (AMM). This implies that the development team generates a fresh liquidity pool for investors to use when buying a new coin when it initially launches. Smart contracts are called liquidity pools to let investors trade cryptocurrencies without the use of a counterparty or order book from a third party. You must only interact with pools that are held by burn addresses, as these indicate that the liquidity has been permanently closed.
Verify the meme coin projects' transparency and audit status
Development teams must support an open and transparent ecosystem for digital assets. A trustworthy third-party software auditing company should, more crucially, audit the cryptocurrency's source code to make sure that the development team hasn't added any back doors that may be used to launch an exit scam.
Conclusion
In this article, we discussed the different Crypto Meme Coins. Hope this has given you a clear idea and how you can choose your desired Crypto Meme Coins.
FAQs
Are meme coins worthwhile?
Asking a gambler at Foxwoods why they enjoy playing roulette is similar to purchasing a meme coin. Because they could employ double-zero to make $100 into $3,500.
Is the Shiba Inu a meme?
Shiba Inu is one of the market's most popular meme currencies. To encourage token usage, it is currently developing its metaverse and new cryptocurrency exchange. They are a tad behind the curve, though, as several recent crypto projects also feature fun play-to-earn games in the metaverse.
How far can the FLOKI Inu rise?
FLOKI is a new cryptocurrency. It initially appeared on the market in the summer of 2021, following reports that Elon Musk, the CEO of Tesla and a fan of Dogecoin, had purchased a Shiba Inu, a Japanese dog breed, and given it the name Floki. By the end of 2022, it is expected that the price of Floki Inu will range between $0.0000186 and $0.0000196. This amounts to an increase of 95% and 85%, respectively.
Is Safemoon a wise financial choice?
Safemoon has a solid community behind it, thus investing in this cryptocurrency is a wise decision. However, you must first weigh all possible risks. Like other cryptocurrencies, Safemoon also has a significant level of volatility. Additionally, it can run into the issue of insufficient money.
How many more shiba inu coins are there?
After the co-founder of Ethereum Vitalik Buterin burned 40% of the total supply in 2021 and the SHIB burning portal was introduced in April 2022, there are around 589 trillion SHIB tokens still in circulation.
