The world of cryptocurrencies is not only about serious technological developments and innovative blockchains. In recent years, the so-called memecoins — cryptocurrencies – have become extremely popular, which began as a joke, but later became the reason for real financial success for some investors. Meme coins are fun, frivolous projects that are often based on memes or cultural phenomena, but their real value can skyrocket due to public interest and hype.
In this article, we will look at the most famous and successful memecoins that literally “blew up” the cryptocurrency market, bringing investors multimillion-dollar X’s.
1. Dogecoin (DOGE) is the leader of meme coins
Year of launch: 2013
Creators: Billy Marcus and Jackson Palmer
Multiple magnification: More than 10,000%
Dogecoin is by far the most famous meme coin in the world. It was created as a parody of Bitcoin and other cryptocurrencies, but over time Dogecoin became a full-fledged participant in the crypto market with a huge army of fans.
The main reason for Dogecoin’s popularity was its friendly and open image. The coin gained widespread fame and growth thanks to the support of such public figures as Elon Musk, who repeatedly called Dogecoin his “favorite cryptocurrency”. Musk actively posted messages on Twitter about Dogecoin, which raised the price of the asset by hundreds of percent in a short period of time.
Dogecoin was originally conceived as a currency for small transactions and donations on the Internet. However, in 2021, its price soared from less than one cent to a maximum of $0.73 per token, making many early investors millionaires. It was one of the most high-profile successes in the world of meme coins.
2. Shiba Inu (SHIB) — “Dogecoin Killer”
Year of launch: 2020
Creator: Anonymous developer under the pseudonym Rioshi
Multiple increase: More than 40,000,000%
Shiba Inu was created with the goal of becoming a “Dogecoin killer” and is also based on memes related to the Shiba Inu breed dog. Although many were skeptical about this project, Shiba Inu was able to attract attention thanks to its community, active marketing and the introduction of innovative features such as the decentralized ShibaSwap exchange.
One of the most high-profile moments for SHIB occurred in October 2021, when its price skyrocketed amid widespread support from the crypto community and traders. SHIB became one of the fastest growing cryptocurrencies of that time. In a matter of months, the project brought incredible profits to early investors, making them millionaires.
The secret of Shiba Inu’s success lies in a strong community and active support from celebrities, as well as in the team’s desire to develop the project by adding functionality and improving the ecosystem.
3. Safemoon (SAFEMOON) — Aggressive X’s in a short time
Year of launch: 2021
Creator: John Caroni and the SafeMoon team
Multiple magnification: More than 100,000%
SafeMoon is a meme coin that has gained huge popularity due to its tokenomics model. Unlike other cryptocurrencies, SafeMoon rewards holders for long-term coin retention by charging a commission on each token sale and distributing it to all remaining holders. This has attracted the attention of investors seeking long-term returns.
SafeMoon gained explosive popularity on social media, and the price of the token soared by thousands of percent in the first months after launch. The project is actively supported by celebrities and influencers, which creates a constant buzz around the coin.
Despite skepticism from the crypto community about the sustainability of the project, SafeMoon continues to actively develop, expanding its ecosystem and attracting new investors.
4. Baby Doge Coin (BabyDoge) — The appearance of a new “pet”
Launch year: 2021
Creator: Anonymous Team
Multiple magnification: More than 10,000%
Baby Doge Coin was created as a “child” of Dogecoin and quickly became popular due to its association with the more famous “parent”. Contrary to skeptical forecasts, BabyDoge became the subject of HYPE and soared in price, attracting the attention of both small investors and large players.
Like many other meme coins, BabyDoge is actively promoted on social media and supported by the community. The project gained additional popularity after Elon Musk mentioned BabyDoge in one of his tweets, which instantly caused the price of the token to rise.
5. Floki Inu (FLOKI) is a meme coin with DeFi elements
Year of launch: 2021
Creator: Shiba Inu Community
Multiple magnification: More than 1,000%
Floki Inu was named after Elon Musk’s dog, which automatically attracted the attention of the cryptocurrency community to him. However, unlike other meme coins, Floki Inu combines elements of decentralized finance (DeFi) and aims to create an ecosystem that includes NFT and educational platforms.
The project is actively promoted by the team and the community, which makes it one of the most interesting meme coins with long-term potential. Despite the high volatility, Floki Inu continues to develop and its popularity is growing.
6. Akita Inu (AKITA) — An Alternative To Shiba Inu
Year of launch: 2021
Creator: Community
Multiple magnification: More than 2,000%
Akita Inu is another meme coin inspired by the popularity of Shiba Inu and Dogecoin. Despite the fact that the project does not offer unique technological innovations, its active community and commitment to the idea of dog memes have made it a success. Akita Inu attracted attention on the wave of hype around meme coins and was able to show significant x’s in a short time.
7. Samoyedcoin (SAMO) is a meme coin from Solana
Year of launch: 2021
Creator: Community
Multiple magnification: More than 500%
Samoyedcoin is a meme coin based on the Solana blockchain, which has become popular due to Solana’s fast and cheap infrastructure. The project is actively promoted by both the Solana community and memcoin fans, which has allowed it to achieve significant success in a short time.
Conclusion
Memecoins, despite their comic nature, have proven to be able to bring significant profits to investors. Their success often depends on their popularity on social media, the support of famous personalities and the strength of the community. Many of these coins continue to evolve despite skepticism from the cryptocurrency community.
Investing in memecoins is always a risk, as they are often subject to high volatility and market volatility. However, for those who are willing to take risks, they can become a source of huge x’s and impressive income.