The world of cryptocurrencies is becoming popular by the day with new creations coming into play. While Bitcoin was the initial cryptocurrency, there are so many other coins that have been created including meme coins.
What is a meme coin? A meme coin is a cryptocurrency that has been created as a parody, which often takes the form of an image macro with text superimposed on it. Many cryptocurrencies have seen record success this year and more investors are taking interest in them as they see their value rising.
2021 has been an interesting year for meme coins with some rising and others falling. As of the last quarter of 2021, here are the top meme coins according to popularity:
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- Pepe Cash
This is the most popular meme coin today and was created by Matt Furie back in 2016. Although it has lost its value from a high of $0.127 to the current value of $0.00129, people are still trading it on exchanges such as Mercatox and Cryptopia. In February 2021, it was listed on CoinMarketCap which is one of the most popular exchanges. PepeCash is based on Counterparty, an open-source platform built on top of Bitcoin’s blockchain that issues tokens with the same name.
The doge meme has been around for a while and its popularity led to the creation of Dogecoin. In 2014, it was created by Billy Markus from Portland and Jackson Palmer from Sydney, Australia. It is based on Litecoin which means that coins can be mined. There are many ASICs for DogeCoin whose main use is mining but you will still find a wallet in the Apple App Store to store your digital coins safely.
- ShibaInu Coin
The ShibaInu is a Japanese breed of dog which was popularized as an online meme and became the face of Dogecoin. It was created in December 2017 but didn’t gain popularity until March 2019 when there were rumors that it would be listed on Coinbase soon. Today, you will find more exchanges trading this coin than Dogecoin.
OmiseGo, OMG for short, has been in the news after Binance announced support. It is a blockchain technology-focused company that came into being in 2013 and was rebranded to take advantage of the sudden rise of token sales at that time. It has investors such as Ethereum founder VitalikButerin, Pantera Capital ICO Fund Liquid, and Golden Gate Ventures.
- Floki Coin
The Floki Coin’s popularity comes from the help of Reddit where many people believed it would be listed on Coinbase. It is still trading in low volumes after being created in March 2019 by Markus based on the Ethereum blockchain. The coin currently trades at $0.00152 with an ROI of 925,000%.
The above-mentioned are some of the leading meme coins on the market. If you are interested in buying Shiba Inu (SHIB) you can hop over to thisInsideBitcoins’ page and learn more. This is a legitimate site that we can highly recommend.
How to Trade Using Meme Coins
When looking to trade with these coins, you must first create a wallet as they are not accepted on many platforms. You can then purchase them from any of the exchanges that support them.
There is no limit to the number of currencies you will find today and this makes trading even more interesting. The best thing you can do is to check the value of any potential investment in advance.
These are some of the most popular meme coins trading in the market today. The hype around the ShibaInu coin makes it one of the best investments this year while OmiseGo has been all over headlines due to rumors that Coinbase will list it soon. You can find more information about investing in these coins on InsideBitcoins’ website.