Meme coins such as Dogecoin, Shiba Inu and others have enjoyed huge popularity, hype and attention in the last 18 months amid stories of people turning small investments into mega gains and the huge popularity of meme culture.
Although meme coins have enjoyed a bit of a resurgence in the last month – and will continue to get attention because of their outrageous names and potential for huge returns – serious investors often want more than just the speculative return they can offer.
In this guide we go through some of the best alternative projects that could make huge gains.
Meme Coins Price
Unlike other cryptocurrency projects that are more easily identifiable within set class parameters (currencies, privacy, DeFi, GameFi etc), meme coins are an unofficial class with several recurring features.
They usually include humorous or controversial naming and branding, community-driven growth through social media, extreme price-action and tiny prices per unit.
As an example, Dogecoin is priced at $0.066 at the time of writing, down massively from an all-time high of $0.71. The high price came from a coordinated social media campaign from tens of thousands of grassroots holders as well as Elon Musk, who continually pushed and promoted the coin on his own social media channels.
The price surged in the build-up to Musk’s appearance on Saturday Night Live, with investors convinced he would shill the coin on one of America’s favorite TV shows – he did but the price crashed and has struggled to recover since.
Although ‘Dogecoin to $1’ has become a meme and calling in its own right, many analysts are loath to predict DOGE reaching those heights, given the massive competition and other smaller coins offering greater potential returns – thousands of ‘DOGE killers’ are now on the market and only exist to try and flip the coin in price.
Reaching $1 would represent ‘only’ a 16x price increase for DOGE and meme coin investors are usually searching for 100x gems.
Meme Coin Alternatives
This section looks at three new cryptocurrency projects that offer meme coin potential for returns as well as much more utility and value for holders.
1. Tamadoge
Tamadoge (TAMA) proudly calls itself a meme coin but it is much more. The Tamaverse not only offers the potential for big returns, but it also has an exciting play-to-earn game that incorporates NFT ownership.
Holders of TAMA – which is currently enjoying a very successful presale – will be able to…
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