Meme-currencies have already captured the minds of the crypto traders and investors. It’s been the talk of the show a few months back and still holds its position not letting its hype down. Though the meme-tokens were noted following the support from Elon Musk, the popularity it has reached is huge. Among the crypto investors 90% of them would have definitely invested in any meme-currency. Moreover, it has also paved the way for early traders who have initiated to step into the crypto industry with Meme Tokens.
Significantly, the presence of meme-tokens via the social activities have created a strong impact among the industry. Social platforms and influencers played a vital role in making these meme cryptocurrencies the trend. As you may know, Dogecoin is the first meme currency which attracted the attention of investors, followed by Shiba Inu and other meme coins.
Top Meme Tokens By Social Activities
According to Crypto Dep, there are ten top meme-currencies positioned by social activities. The list is as follows: DOGE, SHIB, BABYDOGE, PULI, MARVIN, FLOKI, PIT, SHIBURAI, KIBA, and BAN. As per the update on May 10, the top meme tokens are Dogecoin (DOGE), Shiba Inu (SHIB), and Baby Doge Coin (BABYDOGE). The social mentions and social engagement for these cryptocurrencies are 53.2K and 11M, 35.1K and 52.8M, 25.2K and 21.3M respectively.
Consequently, the next set of tokens are Puli (PULI), Marvin Inu (MARVIN), and Floki Inu (FLOKI). The numeric terms of the tokens mentioned on socials are 23.5K, 9.11K, and 7.6K respectively. Besides, their social engagements are 33.9M, 2.83M, and 7.57M individually.
However, the above-mentioned tokens are the top meme-currencies by social activities. Additionally, during the meme-token boom, it is evident that these tokens ruled the social channels in the crypto industry. There wasn’t a single day without talks about DOGE and SHIB which generated more gains to its users. Furthermore, crypto users believe that these meme-tokens will resurge in price value in the future term.
Top Meme Coins to Watch Out for This Year: Shiba Inu (SHIB), RoboApe (RBA),
Many people believe that meme coins have no clear objective or purpose, making them non-substantial investments. However, this is not the case, as some meme coins are not so devoid of substance after all. For example, RoboApe (RBA), a new cryptocurrency, aims to revolutionize the crypto world by contributing to the NFT community, media, finance, and other critical sectors of the economy.
Other meme tokens already existing in the market have proven necessary to society while maximizing their investors’ profits. In this article, we shall be reviewing some of these tokens, identifying their key features and how they have integrated themselves into the market as top meme coins.
Shiba Inu (SHIB): The Dogecoin-killer Meme Coin
Shiba Inu (SHIB) is an altcoin developed in August 2020 by a pseudonymous named Ryoshi. Termed the Dogecoin-killer, it was created to be the Ethereum (ETH)-based counterpart to Dogecoin’s Scrypt-based mining algorithm. Shiba Inu (SHIB), like many other cryptocurrencies, was named after a dog breed. Shiba Inu (SHIB) Coin is a decentralized, community-building cryptocurrency established within the Shiba Inu (SHIB) Ecosystem as “an experiment.”
The originator built Shiba Inu on Ethereum because the blockchain is well-established and secure, according to its white paper, also regarded as the “woof paper” in the SHIB community. Though only a meme coin, its vast community has contributed to its immense success, and as more investors draw in, it could lead to an increase in price value, therefore, making it a top meme coin to own this year.
Safe Moon (SAFEMOON): A Good Investment?
With the backing of its community being its most vital attribute, SafeMoon (SAFEMOON) recorded a frenzy of interest as soon as it was launched. Unlike its famous counterparts, SafeMoon (SAFEMOON) has gathered for itself a large community that is devoted to seeing the rise of the meme coin. It was built to resist volatility as it rewards its users and investors for holding their coins.
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In 2021, the creators of SafeMoon (SAFEMOON) launched its first utility, the SafeMoon (SAFEMOON) wallet, which has seen over 500,000 downloads on IOS and Android platforms. As the wallet gains more widespread use, it is bound to attract more buyers and investors, further contributing to its growth. Built as a long-term investment opportunity, this is one token you should keep your eyes on this year.