Meme coins are cryptocurrencies that are created and promoted mainly for the purpose of entertainment and humor. They often have a low market cap, and they are popular among a smaller group of investors. These coins are often used for online tipping and trading and are known for their quirky and lighthearted approach to cryptocurrency. However, they can also be highly speculative and volatile, so investing in meme coins should be approached with caution. Here are three meme coins that you can consider this year.
Shiba Inu Coin (SHIB) is a decentralized cryptocurrency that was launched in August 2020. It is a meme-inspired token that was created by Ryoshi as a spoof of Dogecoin. The token operates on the Ethereum blockchain and has a total supply of 1 quadrillion coins. The name “Shiba Inu” refers to the popular Shiba Inu dog breed, and the coin’s logo features a cute Shiba Inu dog. The company has embarked on several use cases to keep the crypto project significant and attractive to investors.
Last year, Shiba Inu launched its game, Shiba Eternity. Just recently, Shiba Inu announced its plans to release its L2 scaling solution called Shibarium. The token has become a popular choice for meme-based investments. SHIB has quickly gained popularity due to its unique marketing and branding strategy and has become a top 20 cryptocurrency by market capitalization.
Floki Inu Coin is a new cryptocurrency that operates on the Ethereum blockchain. Floki Inu Coin is designed to be a deflationary currency, meaning that the supply of tokens will decrease over time, leading to increased scarcity and potentially higher prices. The token also features a staking mechanism, allowing users to earn rewards by holding Floki Inu Coin in their wallets. Presently, the company is directing its efforts to NFT marketplaces, educational platforms, and metaverse gaming applications. Floki Inu Coin is a promising new cryptocurrency that is gaining traction among crypto enthusiasts and investors.
Akita Inu is a decentralized cryptocurrency built on the Ethereum blockchain. It is an ERC-20 token with a maximum supply of 10,000,000,000 units. According to the company, half of the token’s supply is owned by Ethereum’s co-founder, Vitalik Buterin, and the rest is to be liquified under a UniSwap account. The coin aims to provide a fast, secure, and decentralized means of value transfer and storage.
It is community-driven, meaning the development and governance of the coin are determined by its users. The coin offers staking rewards for holding and participating in its network, incentivizing users to become active members of the community. The coin is also focused on providing a social media platform where users can engage with each other and connect over shared interests.