The meme coins are leading the crypto game. If you are not aware about the top meme coins then you are lagging behind. Here is why you should pick one of the meme coins if you want to invest in a cryptocurrency.
Crypto-game is getting stronger as new crypto tokens are joining the race but the problem is to find the fundamental economic value of a digital asset. The recent changes in the value of meme-coins have made it difficult for the investors to decide where to invest.
The meme-coins were not known to most investors until the value of some meme-coins skyrocketed in some recent days. Among the most popular meme-coins are Dogecoin, SHIBA INU, Dogelon Mar, SafeMoon, Hoge Finance, and MonaCoin. If you are not a meme-coin fan so far then here is what you are missing.
What Are Some Of The Top Meme Coins
The top meme coins of 2021 are,
- SHIBA INU
- Hoge Finance
Before going into detail, readers should remember that the information provided here is purely based on our own opinion. You can read this post for educational and informational purpose only. We will not be responsible for any loss that you may incur after any sort of investment related to the information provided here.
Dogecoin was created by two software engineers Billy Markus and Jackson Palmer in the year 2013. It was designed with a purpose of making fun of some other digital coins. The technology used for Dogecoins is different than Bitcoins. These digital assets use the proof-of-work mechanism within the Dogecoin-network.
As of now, the supply of DOGE doesn’t have a hard cap. Initially, 100 Bn coins were mined by the miners in the year 2015 because of its 1 minute block time. Later, it was decided to issue a maximum of 5 billion coins every year.
This currency was consistently being supported by Elon Musk. It also became famous through memes and the acceptance of DOGE as a payment method in Space X, its value kept increasing. Currently, it is difficult to predict anything about the coins as it has entered the bubble zone.
Top Meme Coins 2021
2. Shiba Inu
Created in August 2020, Shiba Inu aka Shiba is regarded as the Dogecoin Killer. Shiba Inu Token is a decentralized cryptocurrency. This token was created after the famous Dogecoins. The name idea for this cyptocurrency came from a dog breed upon which the logo of Dogecoin was based on. This currency is created by an anonymous founder named Ryoshi.
After the success of Dogecoin, the value of Shiba Inu has also increased massively. This Digital Token has a limited supply of 1 quadrillion. Fifty percent of the supply remains locked with Uniswap as liquidity while remaining is acquired by Co-founder of Ethereum, Vitalik Buterin. So, the future value of these coins relies on whether or not Vitalik sells them.
SafeMoon is launched recently in March 2021 by John Karony. This project is driven completely by its community. Its focus is more on static reward functions and locked liquidity. What makes it different from the other coins is that it demonstrates the selling of its native tokens.
The total supply of this digital currency is 1000 trillion and all of its supply is in circulation. Most of the traders have considered it a Ponzi scheme as they have to pay a 10% fee on each token they sell.
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4. Hoge Finance
As the name justifies, Hoge Finance is a DeFi brother of Dogecoin. It blends yield farming with a variety of memes. The maximum supply limit of Hoge Finance is over 1 trillion and the supply will decline with the passage of time. This new currency is yet to be introduced to the world so, it might unveil its potential soon.
5. Mona Coin
It is the first Japanese digital asset that was launched in 2013 by an anonymous developer Mr. Watanabe. This is based on an internet meme based on a cat-like figure. What differentiates this from all other coins is that it is approved by Japan’s Financial Service Agency. The real-world use and regulatory benefits differentiate it from the rest of the meme coins.
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With the induction of Cryptocurrencies, we are moving towards an economy where value will be driven by the community. Though, the value of meme coins is increasing on a rapid pace but its sustainability is unpredictable.