Crypto Q&A: Should I Invest in a Meme Coin?
It’s the hot topic right now; meme coins and tokens.
It was not too long ago that I vowed to never purchase a meme-based token like Dogecoin. Surprise, surprise, I did.
While meme coins do not offer the value that altcoins like Ethereum and Cardano do, they are driven by community interest.
The power of such communities has propelled Dogecoin and Shiba Inu into the list of top 10 cryptocurrencies in terms of market cap. While I am not offering financial advice and never will, it would be foolish to not consider short-term gains from such tokens.
Top 3 Meme Coins for 2022
While I am not a fan of the price of Dogecoin shooting up whenever Elon Musk posts in favour of the cryptocurrency, that is the nature of the crypto asset and I respect the influence Musk has over the masses – turn on Twitter post notifications for Elon Musk now.
Dogecoin may breach the $1 mark in 2022 and if it does, I expect it to reach double digits in the future.
Shiba Inu promises to add more value to the crypto ecosystem than Dogecoin does but, let us face it, the cryptocurrency will never cross $0.01 if it is not burnt in large, controlled quantities.
Nonetheless, investing now and smartly could see you reap significant gains in the short-term.
Baby Doge Coin
The cheapest of the three meme tokens and the likeliest to gain significant value in due course of 2022, Baby Doge Coin is a must-have in your portfolio. The crypto asset is available for only $0.000000004839 apiece currently, so make an informed decision before you buy and always do your research.
Author: Surajdeep Singh
Surajdeep Singh is the marketing director at NFT Contemporary and has been working as an IT and blockchain journalist since 2018. He is a contributor to publications including IT Business Edge, Enterprise Networking Planet, eSecurity Planet & Moni Talks and works as a consultant at Drofa Communications Agency.