Looking to invest your money in the crypto market for short-term profits? We have got you covered. While some of the largest cryptocurrencies by market cap require a significant amount of time and patience to start showing results, meme coins can help you reap the fruits much earlier. If you want to know which meme coins are worth investing in, we have gathered some of the necessarily important details about the top 5 meme coins to invest in in 2021.
Top 5 Meme Coins
Dogecoin (DOGE)
One of the most popular meme coins is Dogecoin (DOGE). Created in 2013, Dogecoin started to surface as a joke to poke fun at other altcoins. This meme coin uses the proof-of-work consensus mechanism. What makes this coin worth investing in, is the consistent support shown by Elon Musk. Moreover, DOGE is a popular choice among new users to trade for suitable crypto pairs. The price of DOGE at the time of writing is $0.2344.
Shiba Inu (SHIB)
This meme coin is widely regarded as the killer of Dogecoin. Shiba Inu (SHIB) is an experiment in decentralized spontaneous community building. The creators of SHIB are working to create a comprehensive suite of products to expand the community. The price of Shiba Inu at the time of writing is $0.000008924.
SafeMoon (SAFEMOON)
SafeMoon (SAFEMOON) is a Decentralized Finance (DeFi) token deployed on the Binance Smart Chain. The aim of this meme token is to create a static reward functions system and locked liquidity. It is important to know that the total supply of SAFEMOON is 1000 trillion with almost the whole supply in circulation. So, if you plan to buy it, you may need to devise a strategy to avoid any scams. The price of SafeMoon at the time of writing is $0.000003007.
MonaCoin (MONA)
MonaCoin came into inception back in 2013. It is an internet meme-based coin launched by an anonymous source whose identity remains a question mark to date. MONA claims to be the first Japanese digital asset used in several physical and online shops across the country. With a maximum supply of 105 million, the coin is approved by Japan’s Financial Service Agency making it a good option to invest. The price of MonaCoin at the time of writing is $1.38.
Hoge Finance (HOGE)
The Hoge Finance (HOGE) is a DeFi cryptocurrency like Dogecoin. HOGE combines yield farming with the world of memes. With a maximum supply of 1 trillion, HOGE has a deflationary supply mechanism. It is important to know that the potential of HOGE is yet to be unveiled. The price of HOGE at the time of writing is $0.0001464.