The Battle Of The Meme Coins! Shiba, Dogecoin And Safemoon

Last Updated April 14th 2022

3 Min Read

While meme coins have been around for close to a decade now, it is only in 2021 that they truly came alive. In 2021, we saw meme coins going up by millions of percentages, creating millionaires out of people who had only invested $1000 or less. However, since November 2021, when the cryptocurrency market turned bearish, the hype around meme coins also died down significantly.

At this point, it is only natural to wonder, can meme coins still make me rich? If you are struggling with this question, the answer is yes. There is a chance that meme coins can make you a millionaire in 2022. All you need to do is identify the right ones. Luckily, we have compiled the top meme coins that can make you richer in 2022.

Dogecoin (DOGE)

Dogecoin is the oldest meme coin and has been around since 2013. However, in 2021, Dogecoin truly took off and went on to make gains of 12,000%. While Dogecoin is yet to retest its all-time highs, it has the hallmarks of a cryptocurrency that could retest and surpass its all-time highs.

One of the biggest factors that could trigger a rally in the price of Dogecoin is Elon Musk. Musk was why Dogecoin rallied in 2021 after he started tweeting about it. Musk has also been very influential in the adoption of Dogecoin.

Through his hype, major organizations like the Dallas Mavericks started accepting Dogecoin. Recently, Elon Musk announced that Tesla would start accepting Dogecoin for some of its merchandise.

These factors point to Dogecoin as a meme coin whose fundamentals are getting better. It is also an indicator that Dogecoin could perform well in the future and make investors rich.

Check Out: Dogecoin (DOGE) Price Predictions

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Shiba Inu (SHIB)

Shiba Inu is easily the most successful meme coin to ever hit the market. Shiba Inu was launched towards the end of 2020 and, by November 2021, had recorded gains of 48,000,000%. To grasp how big of a deal this is, consider that anyone who invested just $2 when Shiba Inu hit the market in 2020 was a millionaire by the end of 2021. The hype seems to have slowed down in 2022, though. Shiba Inu is down by over 50% from its all-time highs, and volumes remain relatively low.

While meme coin fever may have dropped, Shiba Inu is getting fundamentally stronger. Shiba Inu is close to launching its Metaverse and a token burn platform. These will add to its fundamental strengths, and once the entire crypto market turns bullish again, Shiba Inu could easily make millionaires. This time it will be a combination of fundamentals and meme coin hype.

Don't Miss: Shiba Inu (SHIB) Price Predictions

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Safemoon (SAFEMOON)

Safemoon is another meme coin that was hot in 2021 but has seen the hype drop in 2022. Despite the drop in meme coin hype, the Safemoon community continues to grow. This is a big deal because a cryptocurrency’s community is an important pointer to where it could go in the future. The best cryptocurrencies to buy at any time are those with vibrant communities. That’s because it helps drive hype, which in turn helps drive FOMO in bull markets.

Safemoon is also aiming at one of the best aspects of the cryptocurrency market, NFTs. Given that NFTs are gaining in adoption and could drive the next crypto rally, Safemoon is a meme coin that could outperform the market in 2022 and for years to come.