Trying to estimate the true worth of a digital asset is one of the most challenging aspects of investing in cryptocurrencies.
As many meme coins begin to acquire popularity in the crypto world, many investors are having difficulty determining which ones among them may be worthwhile investments.
Investors continue to be uncertain about the value of meme coins due to the fact that these commodities do not have any inherent value and are subject to a significant degree of speculation.
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If you’re wondering which Memecoins are worth investing in 2022, look no more because in this article we’ll take a look at the top 5 Memecoins that have made an impact in the trading of cryptocurrencies.
Top 5 Memecoins To Have in Portfolio for High Returns
1. Dogecoin
Dogecoin is the most popular meme coin, and it was responsible for sparking a little revolution in the cryptocurrency industry. In 2013, it was introduced as an experiment to the public.
Jackson Palmer came to the conclusion that the vast majority of people had a soft spot in their hearts for canines and including one on the product will almost certainly boost its appeal.
The majority of investors opt to put their money into Dogecoin since its value has been going up recently. Its value is at $0.06 at the time of this writing. It is anticipated that by the year 2030, its worth would increase to $0.98 and more.
Keeping this in mind, making an investment while the price is still cheap is a smart option because it will position you to attract some aggressive returns in the near future.
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2. GamingDoge
One of the Memecoins that seek to be more than simply a Memecoin is GamingDoge which is of the meme coins that was inspired by the popularity of DOGE. Investors and gamers who are interested in DOGE are brought together by the coin.
The people who came up with the idea for the coin intend to create an environment for that will ultimately become the greatest community in the cryptocurrency world.
This ecosystem will provide a one-stop shop for gamers and will consist of an exchange, a marketplace for NFTs, and NFT Games. It has one goal in mind, and that is to bring honor to the Doge community and all gamers.
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3. SafeMoon
The SafeMoon Protocol is a coin that operates on the Decentralized Finance (DeFi) platform. On the website for SafeMoon, it is said that there are three functions of SafeMoon that are carried throughout each transaction. These functions are Reflection, LP Acquisition, and Burn.
The SafeMoon system is a hybrid that combines RFI tokenomics with a mechanism that generates auto-liquidity on its own. SafeMoon intends to establish a non-fungible token (NFT) exchange in addition to charitable ventures and cryptocurrency teaching apps.
Token holders will be rewarded with an increasing amount of SafeMoon in proportion to the number of coins they already possess thanks to the SafeMoon system.
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4. MonaCoin
MonaCoin is a peer-to-peer (p2p) payment network as well as a decentralized cryptocurrency that uses open-source software. MonaCoin was released in January 2014 without any sort of pre-mine procedure, and it is constructed on an algorithm that is referred to as Lyra2RE (v2). It is also based on a hard fork that was performed on Litecoin.
The MonaCoin payment network is wholly uncontrolled by a single entity. It is not the property of any one individual user but rather of the whole user community, as is the case with most decentralized initiatives.
In addition, the peer-to-peer technology that is the foundation of MONA gives the platform its autonomy and allows it to govern itself. As a kind of compensation for miners, the overall user base of the system is granted access to newly minted currencies.
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5. Dogelon Mars
Due to how viral Dogecoin (DOGE) and Shiba Inu became, Dogelon Mars is one of the canine currencies that has seen a significant increase in the number of investors (SHIB). Everything that even somewhat resembled those big cryptocurrencies started garnering a lot of attention.
This was the result of a great amount of societal pressure. Elon Musk, who is widely regarded as one of the most influential people in the world of cryptocurrencies, was among those who participated in the conversation.
It is possible to deduce from the acronym for Dogelon Mars, ELON, that he has attained the status of an icon within the canine crypto groups.
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Read more-
- How to Use Crypto Signals for Profitable Trading
- These are the Best Cryptos to Buy in 2022
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