Dogecoin. If you have been on the internet in the last year, you have probably heard of people telling you to HODL this fringe crypto so they can run it to the moon. The currency is affectionately referred to as a “meme coin” by those that love it most, Reddit users. The coin was part of a concerted effort by a group of Redditors to make money in 2021. Similar to what they did to those shorting Game Stop stock.
Dogecoin isn’t the only meme coin on the internet, though. It seems a new one pops up every day to be pumped by excited Reddit users. These meme coins can be a great way to make money if you know which ones to look for. The saying “With great risk comes great reward.” really rings true for these secondary crypto coins minted on the Blockchain.
Reddit is the most active community in the world when it comes to discussing and arguing about crypto. So, if you want to know what you look into for the future, it’s a good place to start. Here are four meme coins Redditors are talking about that you should consider buying in 2022.
Four Meme Coins Redditors Are Buying in 2022
- Floki Inu – This meme coin is inspired by Billionaire tech mogul, Elon Musk. It’s actually named after Elon’s Shiba Inu, Floki. It’s not actually known who the developers behind Floki Inu are, but people think it is members of the Shiba Inu subreddit. This particular coin is backed on the Ethereum blockchain, so it is very secure. It seems the owners are shooting for the moon with this fringe coin.
- Gamerse – If you are a crypto investor interested in investing in a meme coin with the best chance of having real-world use, Gamerse may be the one for you. This is because the token is already being used transactionally on an active social platform. People are already using the coin to trade NFTs and make purchases on the Gamerse platform. It should be noted that the Gamerse platform is still in its infancy, so this coin has a high ceiling for usage.
- Dogelon Mars – Continuing the theme of meme coins whose names honor Elon Musk is Dogelon Mars. This coin is striving to be 2022’s Dogecoin and is named after Musks’ efforts to fly to Mars. The limited supply of this coin should help drive its value. Over half of its liquidity is wrapped up by the owners in a single platform.
- Catgirl – This is a meme coin whose goal is anything but. The Ethereum-backed coins owners say their long-term goal is to give the coin real-world usage to distance it from other meme coins. The coin is currently used in the Catgirl marketplace, mostly centered around trading NFT artwork. It has been a volatile investment in the year that it has existed.
This is just the start when it comes to meme coins you should consider investing in. Meme coins are largely driven in demand by popularity on Reddit, so start reading there if you are interested. You should also pay attention to the market cap and trading volume for each coin as well to help guide your investing decisions.