Despite the volatility, the cryptocurrency market continues to grow in popularity. One aspect of the cryptocurrency market that seems to be gaining traction is meme coins.
After meme coins showed their potential to create millionaires in the last Bull Run, many investors are more interested in them than ever before. The only challenge is an explosion of meme coins in the market.
This makes it difficult to tell which ones are worthy investments and which ones are not. To simplify the process for you, we have compiled a list of the best meme coins to buy for 2022.
Planning to invest in meme coins now? With more than 1000 meme cryptos, choosing the best meme tokens to rally is not an easy thing to do. Fear not, I have put a list together of the best meme coins in 2022!
Dogecoin is the king of meme coins and was the trigger of the meme coin rally of 2021. Dogecoin has more potential than most altcoins because it is Elon Musk's favorite cryptocurrency. Musk got Dogecoin accepted as a payment by Tesla and recently proposed that Dogecoin be accepted at Twitter, where he is now a majority shareholder.
Given how popular Elon Musk is in crypto, there is no doubt that Dogecoin is a meme coin that could give exponential gains in 2022 and outperform other meme coins.
Virtual currencies are highly volatile. Your capital is at risk.
Shiba Inu is one of the best performing meme coins of all time. Over the past few months, Shiba Inu has been working towards moving beyond the meme coin tag. For instance, it launched a Metaverse after launching a DEX in 2021. Given the high excitement around the Metaverse in crypto, Shiba Inu is a meme coin that could perform well this year.
Virtual currencies are highly volatile. Your capital is at risk.
Dogelon Mars is gaining popularity amongst cryptocurrency investors, and it's all got to do with its association with Elon Musk. After Elon Musk's tweets saw the Dogecoin rally by over 12,000%, many cryptocurrencies rose to ride the Elon wave. Dogelon Mars is one of those successful on this front by linking itself to Elon Musk's space ambitions. So far, it has been a success, and with Elon Musk getting more aggressive in his goal of taking humans to Mars, Dogelon Mars is a meme coin that will likely explode in 2022.
Floki Inu is another meme coin that could rally in 2022. Like Dogelon Mars, Floki Inu has been riding Elon Musk's support for meme coins, and so far, it has been a success. Floki Inu's success comes from the fact that it is named after Elon Musk's dog. This connection has helped Floki Inu build a strong community, and as long as Musk keeps hyping up Dogecoin and crypto in general, Floki Inu will likely rally too.
GamingDoge is one of the meme coins that have been shown to have utility in the market. Like the other meme coin, GamingDoge was designed to ride the Dogecoin wave of 2021. However, the GamingDoge team has worked towards improving its core fundamentals, including launching an NFT marketplace and an exchange. GamingDoge has now become quite attractive to gamers, and once alt season returns, it could be one of the meme coins that explode in 2022.
Samoyedcoin makes it to the list of meme coins that could explode in 2022 for its tokenomics. Unlike most meme coins, Samoyedcoin is deflationary and has already done three-coin burns. Since this means demand is continually chasing a reducing number of tokens, the price is likely to go up over time.
Virtual currencies are highly volatile. Your capital is at risk.
MonaCoin is another of the older meme coins in the market. One interesting aspect of MonaCoin is that it is one of the most decentralized meme coins today. It was not pre-mined, meaning everyone got a fair share right from the word go. This has inspired investor confidence in MonaCoin in the past and is likely to make it even more attractive going into the future. For this reason, MonaCoin is a meme coin that could make you rich in 2022 and is worth keeping an eye on now.
Kishu Inu is one meme coin that tapped into the meme coin market way before meme coins were hot. Kishu Inu was created in 2013, making it almost as old as Dogecoin. The Kishu Inu has, over the years, worked on adding value beyond the appeal of being a dog-themed token. As its fundamentals improve, Kishu Inu easily ranks among the top 10 meme coins that could do well in 2022.
Safemoon is already gaining upside momentum, an indicator that it is a meme coin that could go parabolic in 2022. Safemoon's biggest strengths are its vibrant community and its targeting of the DeFi and NFT markets, two of the fastest-growing aspects of the crypto market.
Gamerse is another meme coin that combines the market appeal of meme coins with a real-world use case. Gamerse aims to bring together gamers from all over the world under one platform. Through the Gamerse platform, gamers get a sense of belonging and can share everything, including the latest trends in the gaming world. Given how passionate gamers are, this is without a doubt a meme coin that could perform well in 2022 and beyond.
Virtual currencies are highly volatile. Your capital is at risk.
The four easy steps below will show you how to buy meme coins in a matter of 5 minutes using one of the top exchanges.
1. Open an account with eToro: Navigate to eToro's website, click 'Start trading', and enter the details required to create an account.
2. Deposit: Deposit at least $10 into your trading account/
3. Search for meme coins such as Shiba Inu or Dogecoin: Type the name of the meme coin into the search bar and click 'Trade' when the coin appears.
4. Buy meme coins: Enter your position size in the order box then click 'Open Trade'.
Virtual currencies are highly volatile. Your capital is at risk.
The next step in the process of how to buy meme coins is deciding how to facilitate your investment. Discussed below are two of the most popular methods you can use to purchase meme coins today:
Investors who prefer to buy meme coins with PayPal may also wish to use this payment provider to facilitate their other crypto investment.
You can make instant deposits into your trading platform using PayPal and then use these funds to buy meme coins or any crypto assets. eToro also allows users to make FIAT deposits using PayPal and the fees are free.
One of the easiest ways to purchase any meme coin instantly is by using a credit or debit card. All of the exchanges will allow clients to make payments using major card providers.
Some platforms enable users to buy meme coins using a credit or debit card but with a high transaction fee. eToro, on the other hand, allows deposits from only $10 with no deposit fee, this process is ideal for beginner investors.
Virtual currencies are highly volatile. Your capital is at risk.
Another critical thing to consider when researching how to meme coins is where you will hold the tokens after your purchase. Since some of these meme coins could be invested for the long term, it's important to set up a crypto wallet that can store your meme coins holdings safely for an extended period of time.
There are several crypto wallet providers at the moment, each one offering a slightly different set of features, benefits, and services. But, we recommend using the eToro wallet, as the number one money and crypto wallet for both beginners and experienced investors. The eToro wallet is available to all eToro users and can be downloaded for free.
Virtual currencies are highly volatile. Your capital is at risk.
In summary, this guide has taken an in-depth look at the top meme coins to explode in 2022 and beyond, exploring the coins' features and use cases before providing a detailed walkthrough of how to buy any of them.
If you're wondering where to buy meme coins today, we recommend partnering with eToro. The exchange has recently streamlined its fee structure, which has ensured a low-fee environment for crypto investors. What's more, since eToro's minimum deposit amount is only $10, the platform is ideal for crypto investors.
Virtual currencies are highly volatile. Your capital is at risk.
Disclaimer: The information posted in the article is for educational purposes only. By using this, you agree that the information does not constitute any investment or financial advice. Do conduct your own research and reach out to financial advisors before making any investment decisions.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.