If you’ve been in the crypto community for any length of time, you’ve probably heard plenty of opinions on memecoins. Some people think they’re not worth holding at all, some trade them but don’t think they really have any other use cases, and some have the gall to actually hodl them! *ahem* Elon Musk *ahem*
I’m guessing if you’re here, you at least have some interest in memecoins so, to that end, here are 6 memecoins you can actually hodl.
Dogecoin
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What’s in a meme?
Naturally we need to open with the original memecoin that started everything. It makes sense that Dogecoin has the highest market cap of all memecoins at almost $21 billion and it’s the #12 cryptocurrency overall. Part of the reason it’s worth hodling is because it has such a solid history and whales like Elon are trying to create actual use cases for it.
Shiba Inu
Website
What’s in a meme?
Shiba Inu blew up as an answer to Doge. In fact, there’s a whole memecoin war going on between the two doggy coins. It’s the second largest memecoin by market cap at almost $18 billion, and it’s tailing Doge at a close #13 on the overall crypto list. Doge and Shiba Inu are the two big-daddy memecoins with the third largest barely pumping past half a billion market cap. It doesn’t have tons of use cases, but it does have NFTs and Shibaswap.
Safemoon
Website
What’s in a meme?
Safemoon was all the rage back in 2021 when it launched. Everyone wanted in and it had a strong community, causing the price to rocket up 7,000% in just a few days. In the way of use cases, it launched a wallet that’s available on Android and Apple. Unlike DOGE and SHIB, Safemoon has deflationary tokenomics so hodling is looking pretty good.
Hoge Finance
Website
What’s in a meme?
Hoge Finance is a memecoin that was launched in 2021 and created a lot of buzz with its fair launch and deflationary characteristics like burning half of the supply. It’s aiming to create a DAO that will donate to charitable causes, and it’s also involved in lobbying for crypto on Capitol Hill. Hodl? I say, yeah.
Floki Inu
Website
What’s in a meme?
Floki was launched in 2021 as an homage to Elon’s Shiba dog named Floki. Part of its appeal is that it’s a multi-chain token hosted on both Ethereum and Binance Smart Chain. Floki holders can swap 1:1 between the chains without a transaction tax being charged. Like some other memecoins, Floki has NFTs, but it also has real-world utility because you can use it to buy things from 1,500+ stores using CryptoCart. Definitely a hodl-worthy token.
Dogelon Mars
Website
What’s in a meme?
Quite a funny meme, Dogelon was announced as a coin that was launching in anticipation of bringing the first settlers to Mars. It is both a tribute to Dogecoin and Elon Musk (and it’s pronounced dog-a-lon). Part of its tokenomics was to send half of the supply to Vitalik Buterin — some of which he donated to charitable causes. The other half was locked in an ETH liquidity pool on Uniswap.
Conclusion
If you’re just crazy enough to hodl some memecoins, you’ll definitely be investing in the ethos of the cryptosphere. While “serious” crypto investors and decentralization enthusiasts may not love memecoins, they certainly have their place in the crypto market and, despite few use cases, no one will hold it against you if you don’t hodl it against yourself.
About the Author
Michael Hearne
About Decentral Publishing
Decentral Publishing is dedicated to producing content through our blog, eBooks, and docu-series to help our readers deepen their knowledge of cryptocurrency and related topics. Do you have a fresh perspective or any other topics worth discussing? Keep the conversation going with us online at: Facebook, Twitter, Instagram, and LinkedIn.
