The year 2021 has been the era of memecoins, as investors research the best meme crypto to buy now for high profits. The market cap of meme tokens currently stands at over $43.37 billion, up 1.77% in the last 24 hours.
The two leading meme tokens, Dogecoin and Shiba Inu have posted outstanding gains, which have seen the number of meme tokens available grow astronomically.
This listicle highlights the joke currencies you should add to your portfolio for maximum gain.
1. Dogecoin (DOGE)
Dogecoin is unrivalled and remains the number one meme coin, making the asset the best meme crypto to buy now for massive profit.
The dog-themed crypto asset enjoys the support of Tesla and Space-X CEO, Elon Musk, and this has seen a major inflow of funds into the digital asset in the last year. Dogecoin has a market cap of $22.7 billion, down 0.94% in the last 24 hours.
The number one meme coin rallied to an all-time high of $0.73 on May 3, before the bears took over. The digital asset has gained an outstanding 3567.39% year-to-date (YTD) and a further 2915.85% in the last year. Analysts are optimistic that Dogecoin will touch the $1 in the coming months.
Elon Musk announced early in December that Tesla will begin to accept Dogecoin as a payment method for some of its products. This announcement saw the price of Dogecoin soar by double digits back then.
Without any doubt, Dogecoin will journey up north as the asset continues to develop different use cases and enjoy endorsement from other prominent personalities aside from Elon Musk. At press time, Dogecoin is trading at $0.1712, up by 1% in the last 24 hours.
2. Shiba Inu Coin (SHIB)
Shiba Inu coin has been a standout performer in 2021. The Ethereum-based token is considered one of the best meme crypto to buy now for high profit after recording a mouth-watering price gain of 44,227,536.70% in the last year.
The Dogecoin-slayer was named the most searched digital asset for 2021, gaining more popularity than the foremost cryptocurrency, Bitcoin. According to Coinmarketcap, Shiba Inu recorded over 188 million views while market leader BTC came in second with 145 million views.
Developers of the Shiba Inu token have been making strategic movements recently. One of the major moves is the current decentralised exchange (DEX) Shibswap.
Shibarium, is another great use case, and Shiba recently announced that $BONE would act as gas on Shibarium. Users will have access to play different games once the platform is launched, and this will likely push up the price of Shiba.
Shiba Inu raced to an all-time high (ATH) of $0.00008616 on Oct 21, 2021, before a broader market downturn saw the price of the digital asset retrace.
The 24-hour trading volume of Shiba stands at $876.6 million, down 32.42% in the last 24 hours. At press time, SHIB is trading at $0.00003385, up 1.25%.
3. Samoyed Coin (SAMO)
Samoyed Coin is another dog-themed coin that deserves mention as one of the best meme crypto to buy now. SAMO coin is built on the Solano blockchain and has seen major growth in the past months.
The asset has some of the major features of the Solano network, like high scalability, fast transaction speed, and low transaction fees.
There have been over three recent events of token burns on the network. The latest burn took place in November with about 500 million SAMO coins being burned.
Samo coin announced a new partnership with the fast-growing Solana validator, GenesysGo. This partnership aims to help the Solana blockchain become safer, and it will also provide an avenue for users to stake SOL and earn rewards in the process.
The interesting part of the deal is that GenesysGo will reward SAMO holders who stake SOL on their platform. At press time, Samo coin is trading at $0.03709, down 2.13% in the last 24 hours.
4. Dogelon Mars (ELON)
Dogelon Mars ranks as the third meme token by market cap and deserves a spot as one of the best meme crypto to buy now for profit.
Dogelon Mars has its name from a combination of Dogecoin and Elon Musk, the billionaire who has thrown his support behind Dogecoin. The dog-themed meme coin is built on both Ethereum and Polygon blockchains.
The digital asset aims to follow in the steps of other successful meme coins like Dogecoin and Shiba Inu.
The market cap of $844.1 million, up 7.40% in the last 24 hours, shows investors backing the token. Dogelon Mars climbed to an all-time high of $0.00000259 on October 30.
Also, Dogelon Mars struck another agreement with Syn City which will see the meme token join the mafia metaverse. At press time, Dogelon Mars is trading at $0.000001510, up 7.37% in the last 24 hours.
5. Mona Coin (MONA)
Mona coin (MONA) is an open-source peer-to-peer network created in December 2013 whose continued rise places the token as one of the best meme crypto to buy now.
MONA is the first alternative cryptocurrency (altcoin) developed in Japan. The Japanese-developed token came into the limelight when the coin was featured on a Tokyo television network showing a man purchasing a piece of land in Nagano with MonaCoin.
The meme token has over $74.9 million in market cap. At the time of this review, Mona coin is trading at $1.14, down 2.22% in the last 24 hours. However, the digital asset is some miles off the all-time high of $16.45 the token attained on December 6, 2017.