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    Anna Key

    Top Five Meme Coins to Potentially Explode in 2022

    Meme coins to potentially explode in 2022

    While in the past meme coins were not taken seriously by the majority of investors (It’s just a meme! Memes are not serious), 2021 proved all of them wrong. Last year Shiba Inu investors became millionaires in the span of 11 months.

    What’s the best part, you ask? Most of them were so broke they only had pocket change, and that pocket change later turned into thousands and millions of dollars. 

    And yes, there is no need to lie, scams still exist. However, there are some meme coins you should know about today. Here’s the reason why: they might explode in 2022, just like Shiba Inu did last year. And what’s cooler than investing in memes, right?

    Where Do Meme Coins Come From? 

    As the name suggests, each meme coin is inspired by a popular Internet meme. The essential part of each meme coin is its message to the community members, and while more ‘serious’ cryptocurrencies might want to focus more on the technical part of the project, meme coin creators mostly emphasize fun vibes, charity work, and, obviously, memes. 

    As soon as the value of a meme coin starts to grow, investors become interested. Meme coins benefit massively from being advertised by social media users, including well-known celebrities who actively spread the word (Dogecoin rose to popularity thanks to Elon Musk's tweets). 

    With popularity growth, comes price growth as well. And it always begins with a silly Internet joke… 

    Why Are Meme Coins Even Popular?

    Being heavily reliant on memes, communities and social media might be the primary reason why some meme coins do so well. Unlike Bitcoin and other cryptocurrencies of the same type, meme coins are not typically designed to have a burning mechanism (once in a while a cryptocurrency undergoes a burning process when a number of coins are being removed from circulation, therefore the remaining amount rises in value).

    This is why it is normal for a meme coin unit to have a lower price. On the other hand, low costs make it much easier for contributors to buy large amounts of units. 

    However, some meme coins, like Shiba Inu, are now doing regular burns. 410 trillion of Shiba Inu tokens were burned in May 2021. As a result, Shiba Inu tokens increased in scarcity and value. 

    Burning is also often used as a method of controlling inflation. In December 2021, Ryoshi, Shiba Inu’s founder, announced that the meme coin will undergo another round of burning. The burn will help increase the value of $SHIB and pave the way for creating Shiba Inu’s very own Metaverse - Oshiverse. 

    But Where Did It All Actually Begin?

    Dogecoin is considered to be the first meme coin due to it first originating as a joke back in 2013, having peaked towards the end of the respective year. 

    With only sheer ridiculousness and pure silliness set behind the idea of this meme coin with no serious continuance for its future long-run potential, unsurprisingly, it quickly gained traction and attention with the online cryptocurrency community. It moved quickly with their forum threads, driving the meme coin to rapid crypto fame.

    Top Five Meme Coins To Explode in 2022

    The crypto community might have to brace itself for more meme coin exposure in 2022. 

    Now, it is important to differentiate between scams and coins with good potential. Based on the meme coin market capitalization chart, provided by Coin Market Cap, let’s take a look at the top five meme coins that might explode this year.

    1 - Dogecoin ($DOGE)

    Created in 2013, Dogecoin remains on top. As of today the said meme coin, despite its humorous origin, is extremely popular. Developed by two programmers from IBM and Adobe, Bill Marcus and James Palmer, Dogecoin is one of the meme coins inspired by the Shiba Inu dog meme. 

    Elon Musk has massively contributed to Dogecoin popularity growth. Calling Dogecoin a plausible ‘future of the cryptocurrency world’, the founder of Tesla and SpaceX has even mentioned purchasing DOGE for his little son. Obviously, the meme coin has been getting a lot of attention from investors. 

    One could easily call Dogecoin the most popular meme coin on the market today -- even if you don’t invest in it, you have heard of it (or seen the memes!). That alone is already quite an achievement. 

    So far, Dogecoin prices have been showing a strong uptrend this year. It is expected that the meme coin will continue to grow in value, making it a great investment option in 2022. 

    2 - Shiba Inu ($SHIB)

    Shiba Inu is another dog-inspired meme coin, launched in April 2020. For a brief moment last year, Shiba Inu even managed to surpass Dogecoin by its market cap. Created by a mysterious person or a group of people called Ryoshi, Shiba Inu has built an amazing community of supporters. 

    The meme coin is Ethereum-based and is often referred to as the ‘Dogecoin Killer’. Sort of true, considering how successful the journey has been so far. 

    Shiba Inu has created its own space called ‘Shiba Art Movement’, where dog-inspired artists share dog-themed NFTs. Besides, the Shiba Inu team participates in charity events, such as saving Shiba Inu dogs in collaboration with the Shiba Inu Rescue Association, and donating sums of money in cryptocurrencies to a COVID-19 Relief Fund in India. 

    The creators have even built Shiba Inu’s very own ShibaSwap platform to support the ecosystem of the meme coin.

    Despite having a pretty controversial backstory, Shiba Inu has many promising aspects that may lead to greater exposure of the meme coin in 2022. 

    3 - Dogelon Mars ($ELON)

    Dogelon Mars is yet another dog-themed meme coin launched in April 2021. Inspired by Elon Musk’s idea of sending Dogecoin ‘to the moon’, the meme coin is currently in the top three most traded meme coins according to its market cap. 

    The creators of Dogelon Mars came up with a story about a character who was born on Mars. After he got captured by the invaders, they sent him back in space and time. And the dog ended up on Earth. Cool story, huh? Many people would agree. The idea behind the project makes the meme coin extremely popular among the online community of crypto enthusiasts. 

    Experts point out the way the team interacts with their audience, saying that ‘it looks like they really know what they do’. The meme coin might explode in 2022, as the interactions grow bigger and the team attracts more attention from serious investors. 

    Will Dogelon Mars be able to return to Mars and fight back the invaders with this kind of support? We will have to see what the future holds.

    4 - MonaCoin ($MONA)

    MonaCoin is a (surprise-surprise!) cat-inspired meme coin, launched back in 2013 in Japan. In fact, MonaCoin claims to be Japan’s first-ever cryptocurrency. This is why it is predominantly used in Japan and has even been approved by Japanese regulatory authorities for daily transactions. 

    MonaCoin is widely used for tipping in online games as well as a payment method on the online platform called Monappy, where users can purchase various digital assets. 

    Created by an anonymous user (or a group of people) called Mr. Watanabe, MonaCoin is able to process transactions faster than Bitcoin and is based on the same Proof-of-Work protocol.

    MonaCoin’s community has been growing continuously, however, it is mostly based in Japan and you should be aware of the limitations.

    Despite MONA prices usually being kept at around the $1-2 level, MonaCoin peaked in 2017, when the price reached $16.61. MonaCoin could be a beneficial investment option in 2022, but we advise you to keep up with the latest updates regarding the meme coin when making your final decision.

    5 - Samoyed Coin ($SAMO)

    The creators of Samoyed Coin were inspired by Dogecoin, FTX Exchange’ CEO and the richest man in crypto Sam Bankman-Fred and Solana’s co-founder Anatoly Yakovenko. 

    Samoyed is a dog breed from Eastern Europe and supposedly the most perfect Solana dog. Created mostly for fun and Solana’s ecosystem support, Samoyed has a strong community of supporters. Some believe Samoyed might overtake Dogecoin and Shiba Inu in the near future. 

    Launched in April 2021, Samoyed is the first-ever Solana’s meme coin. Despite what people may think, the meme coin has already achieved great success. Samoyed is a relatively new meme coin. However, it has already made it to the top five meme coins according to its market cap. 

    Do we even need more supporting evidence? Yes, perhaps, if you stand by Solana and you want to support your favorite cryptocurrency and have fun, then Samoyed Coin might be the right choice for you. Take a look at the latest Samoyed Coin updates to make up your mind.

    Upcoming Meme Coins List

    • BabyMusk Coin 
    • Mini Tiger 
    • FirstHare
    • PetsHelp Coin
    • Meme Doge Coin
    • EverGrow
    • Safemoon
    • Squid Game

    The Meme Coin Paradox

    2021 was a big year for meme coins but for some reason, they are still not being taken seriously by the majority of investors. Probably because in the core of each meme coin there lies a silly Internet joke. Even if some do not support meme coins, there is no doubt that it is possible to benefit from investing in the right ones. 

    Similar to ‘regular’ cryptocurrency, before making your final decision and actually putting your money into memes, you should learn more about the meme coin’s roadmap, online community, and overall performance on the market. Meme coins could be a great way of earning money while also having fun and meeting like-minded people.

    The content of this article is for informational purposes only and should not be construed as investment advice. We ask you to do your research. This text is not a guide to action. The author's opinion may not coincide with the opinion of CoinJoy.