Top 10 meme coins to explore in 2021

Highlights

  • The emergence of the cryptocurrency market in the last one year has created a separate asset class, known as a digital asset. 
  • Like penny stocks in the equity market, the crypto market has meme coins.
  • Trading in meme coins can be risky.
  • However, there have been some exceptions where meme tokens have delivered notable growth in 2021. 

Meme coins are cryptocurrency tokens that are inspired by social media-based jokes.

In 2021, meme tokens have become a craze among millennials and GenZ. While some investors claim that they garnered substantial profit by investing in meme-based cryptocurrencies, many investors have also noted losing massive investments. Thus, it can be a risky investment option that traders should explore thoroughly.  

Here are some of the top meme coins of 2021.

 
Top 10 Meme coins to explore in 2021

1.     Dogecoin (DOGE)

Dogecoin, the Shiba Inu dog mascot crypto, has attracted investment from billionaires like Tesla owner Elon Musk and Shark Tank’s Mark Cuban this year. Its native token is DOGE, which is listed on almost every crypto exchange.

The seventh-ranked cryptocurrency was trading at US$ 0.32 apiece on August 17, with a market cap of over US$ 42 billion. 

The most popular meme token has registered a one-year rise of over 8991 per cent. However, the dog-symbolled crypto has faced criticism for its uncapped supply of tokens.  

2.     Shiba Inu (SHIB)

Shiba Inu crypto is the second in line with Dogecoin, also known as ‘DOGE killer’. The Japanese dog-inspired token was moving at US$ 0.00000894 per unit, with a market cap of US$ 4.44 billion, on August 17. 

Its native token, SHIB, notes an unlimited supply. It was placed at the 40th spot among 11,225 cryptocurrencies. 

The meme project has also developed decentralized finance (DeFi) platform, ShibaSwap. 

Source: pixabay.com 

3.     Baby Doge Coin (BabyDoge)

Launched in June 2021, the meme crypto claims to improve Dogecoin transactions. It also aims to hit a skyrocket surge in value in line with DOGE token. Its native crypto is BabyDoge.

BabyDoge was marching at US$ 0.000000001855 apiece on August 17. It ranked among the top 25 per cent of tokens in the crypto market at the time of writing this.

4.     ElonDoge (EDOGE)

ElonDoge was born in April 2021 from self-proclaimed ‘Dogefather’ Elon Musk’s Dogecoin-related meme frenzy. The meme coin works over Binance Smart Chain. Its native token is EDOGE.

EDOGE ranked among the top 50 per cent crypto tokens at the time of writing this, with a market cap of US$ 1.9 million.

It has a capped supply of one quadrillion EDOGE tokens. The meme project claims to launch its non-fungible token auction launchpad soon. 

5.     Loser Coin (LOWB)

The meme project was launched by two anonymous developers who claimed that they lost their money while trading in crypto tokens in 2017. They reportedly said that they invested the remainder of their money in the Loser Coin project.

Loser Coin’s native crypto is LOWB. The meme token was trading at US$ 0.00010477 apiece on August 17.

The 992nd-ranked token had a total supply of 60.3 billion LOWB coins.

6.     Elongate (ELONGATE)

Elongate began its trading journey as a meme coin in the first quarter of 2021, inspired by Elon Musk’s tweet. The Tesla CEO had tweeted that if there wass any scam related to him, it would be named ‘Elongate’. 

Some anonymous developers created Elongate within a few days using Binance Smart Chain. Its native crypto is also known as ELONGATE. It has pegged the maximum supply at quadrillion coins. 

The meme crypto was up by 11 per cent to US$ 0.000000049568 apiece on August 17, with a 30-day rise of 41.4 per cent. 

 

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7.     Dogelon Mars (ELON)

Dogelon Mars is inspired by Elon Musk’s viral meme post that featured Doge flying to Mars on an interplanetary rocket. Its native crypto, ELON, ranks at the 571st spot among 11,227 crypto tokens. 

The meme token was trading at US$ 0.000000078258 apiece on August 17, with a market cap of around US$ 40.9 million. About 524 trillion of Dogelon Mars’ coins were in circulation out of its total supply of one quadrillion tokens. 

8.     Australian Safe Shepherd (ASS)

Australian Safe Shepherd is developed by a meme-based Safemoon project’s rebel community that created their crypto token using Binance’s blockchain. Its native meme coin is ASS. 

ASS holders can earn rewards by staking it over the PancakeSwap platform. It was trading at US$ 0.000000002125 apiece, with a 30-day growth of 30.2 per cent.

It has a maximum supply of 10 quadrillion tokens. 

9.     HODL 2.0 (HODL)

Hold on for dear life (HODL) 2.0 is an advanced version of HODL, a meme project, which is inspired by the crypto frenzy community. This community follows a hold strategy for long-term capital appreciation. 

HODL was up by nearly 11 per cent to a value of US$ 0.000000020299 apiece on August 17, with a fully diluted valuation of US$ 20.1 million. It ranks among the top 25 per cent of cryptocurrencies on CoinMarketCap.

It also has a capped supply of one quadrillion coins.

10. Hoge Finance (HOGE)

Hoge Finance is a decentralized finance (DeFi) meme coin, which was inspired by the Twitter trend #HogeSavesTheAnimals. Its native crypto is HOGE.

The meme project, which claims to raise money for animal welfare, has a maximum supply of one trillion HOGE tokens.

It was trading nearly 25 per cent up at US$ 0.00010655 apiece on August 17, with a market cap of around US$ 44 million. 

The HOGE team has also initiated an NFT project to mint collectibles for users and the esports community. 

Bottomline

The crowd of meme-based crypto projects contain a number of “pump-and-dump” schemes, which can lead to investors getting trapped into rug pull tokens.

Thus, in its crucial to do your own research (DYOR) before entering such meme-frenzied crypto.

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