Find The Next Shiba Inu Coin?
2021 was the year of the meme coin. Shiba Inu took the world by storm, gaining in market cap from under $10 Million early in the year to exceed $30 Billion just a few short months later. The price has since fallen back somewhat, but the current market cap as of publication is still close to $15 Billion.
The meteoric rise of Shiba Inu enabled one incredibly fortunate – or incredibly well connected – person to place $8000 into the token in 2020. One year later the value of those Shiba tokens were worth $5.7 Billion. BusinessInsider.com dubbed it, “the greatest individual trade of all time.”
Top Meme Coins of 2022?
It’s is the dream of both speculator and investor alike to place a trade that produces returns like that above. While the opportunity to turn $8k into $5.7 Billion in a year will likely never be repeated again in our lifetime, with human nature being what it is, memes will come and memes will go. A few memes along the way will spread like wildfire, and in so doing could propel the value of the associated meme coin to spectacular heights.
Metcalfe’s law states that the value of a network is proportional to the square of the number of users. In short, the more people that participate and own a coin or token, the more that token is worth. Shiba Inu has over 1 million wallet holders. Investors looking for the top altcoin for 2022 should be looking for memes that have the potential to attract one million or more active supporters.
If you’re looking for the next meme coin to invest in that will skyrocket in price like Shiba Inu, here are 5 potential low market cap candidates:
1. Akita Inu
AKITA INU 秋田犬 is a meme-based and 100% decentralized community experiment which claims that 1/2 the tokens have been sent to Vitalik Buterin and the other half were locked to a Uniswap pool and the keys burned. It is same as SHIBA INU but with different tokenmetrics.
At the time of publication, Akita Inu had a total market cap of $117 million.
Is there room for another dog-based meme coin? Maybe so.
2. Let’s Go Brandon Token
The Let’s Go Brandon Token™ is “More Than Just a Meme, It’s a Movement.” Millions of hard-working, law-abiding Americans are fed up with the direction that the current administration is taking the country. The Let’s Go Brandon Token™ taps into the frustration and protests, not only in America, but across the globe.
The meme coin is currently being offered via presale to initial supporters at a greatly reduced rate. The IEO is set to happen on election day in the U.S. this year, November 8.
A meme coin based upon global disapproval of mandates? Yeah, it seems like an idea ripe for the times.
3. Hoge Finance
Hoge Finance is an intriguing concept. It started off as a community-driven decentralized finance (DeFi) token with a capped and deflationary supply. As of the time of publication, HOGE has a total market cap of $50.5 million. If you’re looking for fundamental stability in your meme coins, Hoge Finance could be your solution.
A meme coin to promote blockchain technology. It’s quaintly practical.
4. Doge Dash
“DogeDash is designed to bring Crypto Gaming to a mainstream audience. Inspired by the 90’s side-scrolling classics Mario and Sonic, the aim of the game is simple… Dash as fast as you can through all of the 10 levels whilst collecting coins along the way. Successful players who complete all levels will be rewarded with the collected coins direct to their wallets.”
At the time of publication, DogeDash has a total market cap of $20.7 million.
Can a meme coin based upon gaming reach a million participants? Well, there are hundreds of millions of gamers globally…
5. Whale Fall
Whale Fall ultimately aims to create a whale-free DAO ecosystem, breaking away from the oppression of traditional centralized financial system with large-scale community activities and realizing true decentralization through autonomous circulation and growth.
At the time of publication, Whale Fall had a total market cap under $14 million.
A meme coin to break away from financial oppression. Other than the 1%, who wouldn’t want that?