With cryptocurrencies trending lower in the wake of the collapse of Terra USD and the most volatile time for Bitcoin in years, meme coins are still high in the crypto market.
If you’re looking to diversify into meme coins after the crypto crash, then you need to study the market before investing in them. Elon Musk’s influenced DOGE still sits on top of the meme coin list no doubt.
In this post, we’ll look at the top meme coins to buy today. Before then, let’s learn more about meme coins and their investment opportunities.
What You Need To Know About Memecoins
Memecoins are cryptocurrencies created as parodies of other main tokens or as a new project. As its name implies, meme coins are major ”memes” of other existing coins.
Memecoins are making waves in the crypto space today. Thanks to influencers and hype, these coins have been on the investors’ list.
Since DOGE has been created as a parody of Bitcoin and has had its fair share of success in the crypto market, other meme coins have been created. Tesla & SpaceX CEO, Elon Musk, has played a huge role in the growth of some of these coins via cryptic tweets on Twitter.
Some of these meme coins are also categorized as ”shitcoins” as they lack real value like other top digital assets.
Dogecoins is the top meme coin
Why Investors Consider Memecoins
Memecoins such as DOGE has been part of some of the investors’ list due to several reasons. Some of these reasons are discussed below.
- They are best for beginners– Crypto coins such as DOGE, and SHIB are best for crypto beginners. Their enormous volatility will help new investors to know what crypto investment is all about as it can skyrocket or dive within a matter of minutes. This is required to have a strong mindset which will help to weather the storms in crypto investment in the long run.
- They have exciting features today– DOGE for example has a brilliant feature called the Scrypt algorithm. This facilitates much faster block creation, making it solve one of the shortcomings of its model, Bitcoin.
- Some have credible stores of value– Dogecoin, which was created as a parody of Bitcoin has a more credible value. Its mechanism is rooted in its intended usage as a highly accessible P2P method of exchange. It also prevents long-term holding from diminishing circulation & minimizes transaction fees.
- They are becoming mainstream– Dogecoin is becoming more popular and has been widely accepted as a medium of exchange in our world today. SHIB is not lagging behind the meme of Dogecoin too. Several businesses including Elon Musk’s Tesla company are now accepting Dogecoin as a form of payment. This has been a boost for the crypto community.
- Some have elements of a real coin– Meme coins are generally categorized as shitcoins. DOGE, which is the number one meme coin has however roamed between being a real coin and a shit coin because of its features. The fact that it was hyped by influencers to stay on its feet makes it a shit coin in the other way.
Top Memecoins To Buy in 2022 Despite Crypto Crash
The recent bubble has made bitcoins and altcoins trade lower than at the beginning of the year. If you need to buy meme coins despite the recent happening, here are the top meme coins to buy today. They are listed below in order.
1. Dogecoin (DOGE)
Since Dogecoin has been created as a parody of Bitcoin and has had its fair share of success in the crypto market, other meme coins have been created.
DOGE remains the number one and most popular of all meme coins. As of the time of writing this article, the price of Dogecoin is $0.073 with a 24-hour trading volume of over $116 million.
DOGE is currently ranked 8th among thousands of crypto assets and it is speculated that the price of Dogecoin might hit $1 by the end of 2023. It has a live market cap of $10,187,583,759.
2. Shiba Inu (SHIB)
Shiba Inu is the meme of Dogecoin which has the same Shiba Inu-dog mascot on its token. SHIB is the second-rated meme coin today and many crypto enthusiasts infer Shiba Inu to be the Dogecoin killer.
As of the time of writing this article, the price of SHIB is $0.0000067 with a 24-hour trading volume of over $60 million.
SHIB has a live market cap of $5,116,573,146.
3. Dogelon Mars (ELON)
Dogelon Mars is the dog-themed coin on Ethereum and Polygon platforms. It follows the example of DOGE, SHIB, FLOKI, etc. This meme coin is named after Twitter CEO, Elon Musk and his quest for the planet Mars.
As of the time of writing this article, the price of ELON is $0.00000021 with a 24-hour trading volume of $1,511,682.
ELON has a live market cap of $15,610,499.
Where To Buy Top Memecoin in 2023
Dogecoin is available in most of the top exchanges worldwide among which is Binance, Coinbase, Kraken, etc. If you are in Nigeria, DOGE is available on peer-to-peer platforms among which is Prestmit.
If you ever need to buy DOGE in Nigeria or Ghana, Prestmit is the best place for you. The digital exchange platform gives the best rates for your crypto deals. Payment options here include Naira, Cedis, and USDT.
Other crypto assets available on the Prestmit platform include Bitcoin, Litecoin, and USDT.
How To Buy/Sell Dogecoin on Prestmit
As you can sell or buy your DOGE using Prestmite’s website, you can also do the same on its mobile app.
If you are to sell Dogecoin in Nigeria/Ghana on this platform, you are to first create an account with them. With its wallet, you will have access to your private keys.
All you need do is take these steps below to sell dogecoin in exchange for naira;
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- Create Account- Register a Prestmit account in less than a minute.
- Create Address– As a Prestmit user, you get a free dogged address.
- Send Doge- Send your dogecoins to your Wallet Address.
- Get Paid Instantly- Wait for 3 confirmations and get paid instantly.
Also, Read– Which To Buy Between Bitcoin & USDT in 2022
