Meme coins in 2022

A meme-themed coins analysis.

While it's true in the first quarter of 2018, Dogecoin had crypto purists in disbelief, the 2nd part of 2021 was more calm, suggesting that the buyers had left the crypto market.

However, Dogecoin's (relatively insignificant) popularity still led to many clones to being. In fact, Shiba Inu being among the more profitable so far in the market cap rankings.

In any event, Motley Fool singles out four "pretenders," all doggie meme coins that they recommend being "avoided like the plague in 2022." 

Meme-themed coins are available

When arguing for doggie meme coins The Motley Fool puts forth a common theme of lack of differentiation and no actual utility.

Although Shiba Inu's gains of 121,000,000% at one point transformed small investments into billions of dollars However, they also highlight that big gains can be accompanied by a proportional decline.

There is a lot of conflict in the case of Dogelon Mars. It is reported that the Motley Fool says there is no need for an "interplanetary currency," and they consider this idea infuriating.

"No human has ever visited another planet or even been colonized to the extent at which currency would be required. The reality is that Dogelon Mars was even described as an "interplanetary currency" is insulting to the wisdom of the investors."

In the case of Floki Inu, the company has stated that even though the company has the same name as Elon Musk's dog but it doesn't have any link to Tesla boss. The project has not had any notable impression as a payment token. 

Top Meme Coins by Market Cap

As we mentioned that 2021 was a huge year of meme coin. Everybody followed the Dogecoin model and tried to earn money by using the meme coins or another. Some meme coins have proven to be successful, while others have failed.

Based on current CoinMarketCap prices Below are the top meme-themed coins on the market:

1. Dogecoin (DOGE)
For crypto fans, Dogecoin needs no introduction. In 2014, the coin was launched and is the top meme in the crypto industry. coin.

Dogecoin has so far been successful entirely due to its popularity. Everyone from investors to celebs - knows about Dogecoin, even though they're not investing in it. This alone makes it an extremely important participant in the crypto market.

2. Shiba Inu (SHIB)
Shiba Inu has experienced an amazing ride to date. It was born in April 2021 and the growth of this breed has been remarkable.

It's a lot of ways SHIB attempts to follow the same path as Dogecoin by making use of social media to create an online community. The strategy has performed fairly well. The cryptocurrency grew so fast in 2021 that, for only a few minutes its market capitalization even beat the Dogecoin market cap. This isn't good for a coin that's just a few months old.

3. Dogelon Mars (ELON)
Dogelon Mars is another dog-themed meme coin. It was in the spirit of Elon Musk, the richest man in the world and a massive crypto enthusiast.

Musk has tweeted numerous times about taking Dogecoin "to the moon," and SpaceX, his company SpaceX is working hard to develop space travel. A few people decided to join them together. Dogecoin, Elon Musk, and Mars - Dogelon Mars.

4. Samoyedcoin (SAMO)
In contrast to the other meme coins that were mentioned, Samoyedcoin doesn't have a dog theme. It was rather in the spirit of three things:

- Dogecoin
- Sam Bankman-Fried, the chief executive officer of FTX Exchange and currently the most successful crypto entrepreneur.
- Anatoly Yakovenko, co-founder and co-owner of Solana blockchain. Solana blockchain.

The creators of the coin decided to combine all of these elements into a coin. The result is; Samoyedcoin.

5. MonaCoin (MONA)
MonaCoin is quite interesting. It was first introduced in 2014 via an Japanese online chatroom by a man named"Mr. Watanabe. Since the time, it's been fairly silent.

MonaCoin declares to be Japan's first indigenous cryptocurrency. It's quite popular in Japan. However it has nothing to boast about. However, at present its online community, mostly located in Japan has been increasing regularly. 

Dogecoin, What is the deal?

Contrary to Floki Inu, Dogecoin appears to have a strong relationship with Musk and is among the three cryptocurrencies Musk admits to own alongside Bitcoin as well as Ether.

In the same way it's also stated that Dogecoin's token use case doesn't work. They claim that the transaction fees are more expensive than, say, XRP The network isn't very scalable nor speedy and that merchants don't generally accept $DOGE.

"Payment giant Visa is capable of processing what Dogecoin has been handling per day on its blockchain in just one second."

The Dogecoin Foundation is very aware of this and has been working to change the situation from at most August 2021. It did this when it formally established its organizational structure and appointed Vitalik Buterin to its advisory board.

Recently it was revealed that it was revealed that the Dogecoin Foundation revealed its plans to encourage the adoption of merchants through a new wallet API to facilitate seamless integration with payment service providers.

The plan also includes "community staking," which gives a whole new dimension to the usage and provides an incentive to keep the token.

Although Motley Fool is a logical investment, Motley Fool is logical in their thinking process however, it's difficult to dismiss the reigning king of memes in light of its loyal investors. Do they remain faithful in 2022?