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With Elon Musk on the verge of buying Twitter, his pet crypto, Dogecoin, could rise to new heights of popularity and demand. However, DOGE is not the only meme coin ready to burst on the scene in 2022. Others are waiting for a signal to show the meme wave is not only alive and well but rising too.
Meme coins started out as a joke. In a market dominated by raging bulls and bears shifting crypto prices by the thousands of dollars, the presence of cartoonish coins worth less than a penny was imperative. It represented a childish distraction from those nightmarish dips and bubble bursts. And, for a couple of years, they were the newbie investors’ way of testing the waters, disliked by seasoned traders everywhere.
Today, meme coins are among the most traded assets in the crypto market. For example, Dogecoin is the object of 24-hour volume trades exceeding $4 billion. And, with a market cap of over $18 billion, DOGE is close to entering the top-10 cryptocurrencies by market capitalization.
Meanwhile, Shiba Inu is leading a DOGE-chasing pack of promising meme coins, some of which we’ll discuss below. They just go to show that, while meme coins started out as a humorous prank, the joke could now be on those not taking them seriously.
1. Volt Inu (VOLT)
Volt Inu (VOLT) is a hyper-deflationary token that launched on Ethereum and Binance Smart Chain in December 2021. Since then, it has evolved substantially. Some of its milestones include migrating to a new smart contract, announcing a P2E game, and launching its own merch, among others.
This meme coin aims to support investments in numerous digital assets, such as NFTs, blockchain nodes, and altcoins. Also, it should enable holders to take part in staking and stablecoin farming. The coin comes with automatic burn taxes on Ethereum and BSC to ensure its decreasing supply and continuous rising floor.
The recent migration divides the 69,000,000,000,000,000,000,000 VOLT tokens by a billion to reduce technical difficulties on CEX listings. It also accelerates the coin’s growth without affecting holders, whose wallets will receive VOLT2 tokens for the same amount of VOLT1, tax-free. Furthermore, the VOLT team announced that 100% of the liquidity will be locked with Unicrypt for the first year.
Currently, VOLT is available to buy on PancakeSwap, Uniswap, and Everswap. Solidity, a leading security checker, has audited the project, which has a long-term goal of becoming a DAO (Decentralized Autonomous Organization). Other objectives include launching an NFT collection, a coin launchpad, and creating a VOLT-Fiat gateway.
With a current price of $0.000002555, VOLT could be an interesting target for many meme coin supporters.
2. Akita Inu (AKITA)
Akita Inu (AKITA) is a community-driven meme coin running on the Ethereum blockchain. While the project began as a bland joke, it quickly developed into a standalone cryptocurrency. Moreover, it bridged to another blockchain, Avalanche, to empower its users.
Most meme coins result from a core team’s efforts. In other words, several developers team up for a project with a specific brand and purpose in mind. AKITA stands out from the crowd through its developer community, the Akita Foundation, incorporating tens of crypto enthusiasts.
Furthermore, the project aims to develop into a social experiment, uniting like-minded meme coin supporters under the same umbrella. Its goal is to help people develop a better understanding of cryptocurrencies and their potential.
Akita Inu has a particular approach to security as well. The project claims to have sent half of the total AKITA supply (50 trillion tokens) to Ethereum co-founder Vitalik Buterin. Meanwhile, the remaining amount reached a Uniswap account to support the project’s liquidity, and the account’s keys burned. In this regard, it is similar to the “Dogecoin killer” Shiba Inu but with different tokenomics.
Currently, AKITA is available to buy on several exchanges, including OKX, MEXC, Gate.io, Hotcoin Global, and XT.COM. The trading price at the time of writing was around $0.000000642.
3. Samoyed Coin (SAMO)
As you probably noticed, most meme coins focus their branding on dogs. SAMO is another crypto that hopped on this trend before all the dog breeds were taken. However, besides its canine-centered imagery, Samoyed Coin has very little in common with other meme coins.
Samoyed Coin runs on Solana and describes itself as a community-building, web 3.0 project seeking to be more than just the top-dog meme coin. Instead of profits, it focuses on initiating people in the crypto market and educating them about the benefits of cryptocurrencies. Behind the project is a dynamic duo of industry-leading creators, Sam Bankman-Fired, owner of FTX crypto exchange, and Solana founder Anatoly Yakovenko.
In 2022, Samoyed Coin penetrated the emerging NFT market by releasing a collection of 5,525 randomly-generated NFTs. The series sold out in less than 7 minutes at a mint price of 1 SOL for each non-fungible token. Those who missed out can still purchase a unique SAMO NFT at Solanart.io and FTX.US.
The team developed SAMO as a deflationary token with a maximum supply of 14 billion. The protocol will burn 66.1% of this amount, leaving only 4.746 billion SAMO in circulation forever. At press time, SAMO was trading for about $0.016, available on crypto exchanges like OKX, Gate.io, and AAX.
These meme coins are still riding high on the trend that started two years ago, and now see them maturing from jokes to assets. Furthermore, they are on the brink of an explosion in 2022, a year that should see the meme wave rise to unprecedented heights.
Today, meme coins are more than the harmless gamble of beginner investors. These cryptocurrencies back rapidly-expanding projects that deal in P2E gaming, NFTs, and the Metaverse. They trade on the most prominent crypto exchanges and have successfully passed security checks from industry-leading auditors. In other words, they are the real deal that has grown beyond a Twitter joke.