- Meme coins has seen an upward increase.
- DOGE, SHIB, FLOKI are reportedly the best meme coins to invest in right now.
Ironically, they keep growing exponentially with Elon Musk giving a use case to Dogecoin. From nowhere, Shiba Inu is now a threat to Dogecoin. Regardless of the risk involved in crypto investment, meme coins seem to boycott that mindset with a lucrative investment strategy.
It is advisable to do your own research before investing in virtual assets. In essence, this can help mitigate any risk associated with crypto investment.
Seemingly, Dogecoin called itself as the most proactive meme coin that is worth investing in. A crypto asset that taps into the prominent Shiba dog meme. To clarify, Dogecoin is a decentralized, peer-to-peer digital currency that facilitates digital transactions.
In addition, it became popular when Elon Musk announced himself as DOGE Father. Musk recently claimed to give DOGE a strong use case by accepting it as a payment method for Tesla.
The next influential meme coin after DOGE is Shiba Inu (SHIB). It is Ethereum-based altcoin inspired by jokes and Twitter sensation. Shiba Inu is considered as an alternative to Dogecoin. Shiba Inu supporters called it “the Dogecoin killer.” Recently, SHIB reached a new milestone by achieving 70,000 token holders.
Moreover, SHIB has gained traction with their increasing use cases through their NFT movement, decentralized exchange, and other strong utilities, thus proving to be a meme coin to look out for.
Furthermore, last but not the least is FLOKI. The creation of FLOKI originated on June 25, 2021, after a tweet by Elon Musk, “My Shiba Inu will be named Floki.” The coin price soared more than 250,000% back in September.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.