Today, the Crypto Market is full of meme coins. Almost every day, some new meme coins can be seen in the list of CoinMarketCap or Coingecko. Due to the crowd of meme coins, it’s not easy to find out which are the best Meme Coins to invest in the long term.
If we analyze the crypto market, it’s not hard to assume that the meme coin is the new Bitcoin, at least in terms of popularity. However, practically Bitcoin is still the spine of the crypto market with a trillion-dollar market cap.
Best Meme Coins to Invest in the Long Term
After a deep analysis, we have created a list of some best meme coins that you can hold in the long term. We will also try to analyze the factors that make a meme coin valuable or powerful.
1. Dogecoin (DOGE)
If it comes to meme coins, Dogecoin is still in the top position. DOGE is also known as the revolutionary token in the meme coin segment. The reason for the popularity of Dogecoin is Tesla founder Elon Musk. Elon Musk is known as the biggest name in the Crypto domain, as well as the top promoter of DOGE.
Apart from Elon Musk Dogecoin has strong community support. The Doge community calls them Doge Army. We can see often the DOGE trend on Twitter. It’s the Doge army that is behind such trends. Dogecoin is also one of the premium digital assets that is listed on the Robinhood exchange.
The next target of the Doge community is to hit the $1 cap. Dogecoin reached its ATH level in May 2021 at $0.73. Since that, it is down by approximately 80%. The growth of Doge is slightly low if we analyze its past 6-month performance. Here are the pros. and cons. of Dogecoin:
Pros.Â
- Strong Community
- Support of the Celebrities like Elon Musk
- Oldest meme project with 1 Million+ holder
- Use Cases (Some businesses are accepting payments in Doge)
Cons.Â
- One man coin
- The price fluctuates only after Elon Musk’s tweet
- Invest only if you can wait for the long term
- No real use case except payment (Mainly due to popularity)
2. Shiba Inu Coin (SHIB)
Today, the Shiba Inu coin is one of the most popular meme coins. Recently Shiba Token has surpassed the popularity of Dogecoin and other famous cryptos. After the success of Dogecoin, Shiba Inu is the second meme project that ranked in the Top-10 coin list by market cap.
Now Shiba Coin is the only meme coin in the market that has 1 Million plus holders. As per the social media posts of CoinMarketCap and Coingecko, the Shiba Inu page is the most visited page on their website.
As mostly dog-themed meme coins depend on the tweet of Tesla Founder Elon Musk. The Shiba Inu coin doesn’t need any celebrity support to touch the moon. That is the biggest achievement of a dog-themed meme coin.
SHIB Coin reached its new ATH level in October 2021 when it hits the $0.00008888 cap. Since that, the SHIB Coin is showing a downtrend. During the October bull rally, the Shiba token has also overtaken some of the most popular cryptos by market cap.
However, after the bear run of Dec 2021-Jan 2022, the SHIB not only lost its position in the market but also its value of more than 75%. SHIB Coin is a great meme coin to invest in the long term but the same as one of the riskiest digital assets.
Pros.
- Penny Crypto
- Huge Community Support
- 1 Million+ Holder
- Vitalik Buterin Support (Ethereum Founder)
- Fastest growing meme token project
Cons.Â
- Huge price fluctuations (that can be a massive price increase or downfall).
- No real use case
- Huge token supply
- Pump & Dump behavior
- Not for new traders (As once it’s down, it can make them wait longer to recover their investment.
3. Dogelon Mars (ELON)
In the crowd of Dog-themed meme coins, another big name is Dogelon Mars. As crypto traders are well aware that the most of meme coins revolve around Tesla founder Elon Musk, the same with the Dogelon Mars coin. The Dogelon Mars project is completely dedicated to Elon Musk and their ticker symbol is ELON.
Dogelon Mars is mainly supported by Elon Musk and his fans. In social media trends, ELON is one of the most popular meme coins. In just a few months of launch, ELON Coin gained huge numbers of investments. The fans of Elon Musk don’t believe only in Musk but also in his vision.
The colony on Mars is one of the biggest dreams of SpaceX’s founder. This meme coin depicts a dream of Elon. Recently the prices of Dogelon Mars skyrocketed and the ELON coin jumped into the list of the top 200 coins by market cap. Another Mars project by SpaceX can boost the value of the Dogelon Mars token.
Pros.
- Elon Musk Support
- Huge Community Backing
- One of the fastest-growing meme coin projects
- Based on the Mars project of Elon Musk
Cons.
- One man coin
- No real use case
- Huge token supply
- Not listed on popular crypto exchanges
4. CumRocket (CUMMIES)
There are rare meme coins that have real use cases. In the crowd of dog-based meme coins, the concept of CumRocket looks different. CumRocket Coin is based on adult-themed content like videos and pictures. As adult content is one of the most popular niches on the internet, the CUMMIES has a promising future.
The CumRocket provides an easy way for adult content creators to monetize their content. CumRocket is also building an NFT MarketPlace for adult content creators. There are some USPs of CumRocket like instant payments, lower transaction fees, and anonymity for content creators and buyers.
The CumRocket crypto aims to disrupt the monopolistic, adult industry by empowering content creators and their fans in an adult-friendly blockchain ecosystem. There are many adult content creators that are the driving forces behind the CumRocket. Tesla founder Elon Musk has also shown solidarity with CumRocket recently.
Pros.
- Real use cases
- Celebrities Support
- Power of NFT Marketplace
- Adult theme (An absolutely most popular niche on the internet)
- Community driven token
Cons.Â
- Technical Issues (as per the traders)
- Not listed on popular crypto exchanges
- Focused on only 18+ community
5. Safemoon (SFM)
The Safemoon is one of the most popular meme coins in the market. ‘To the moon is the mantra of the Safemoon team and also the idea behind the creation of Safemoon tokens. Recently Safemoon announced its migration to a new contract address and changed its ticker symbol. The new Safemoon ticker symbol is ‘SFM.’
After migration to V2, Safemoon reduced its token supply and remove the largest technical glitch to touch the moon. However, the bear run of January 2022 broke all the dreams of crypto traders, and since the migration, Safemoon prices are down.
As per the report of CoinmarketCap, Safemoon is one of the top-visited pages on their website. The number of visitors to Safemoon surpassed Bitcoin and Ethereum. The success of Safemoon is surprising in many circumstances because it’s not listed yet in any major crypto exchange.
The rise of Safemoon completely depends upon the backing of the Safemoon Community. Like SHIB Army and DOGE Army, Safemoon has also its own army. Known as Safemoon Army, they are the key promoter of the Safemoon coin.
Often we can notice the power of the Safemoon army by watching the Safemoon trend on social media. However, Safemoon is a little different than other coins in terms of trading or profit booking.
The Safemoon team believes in HODLing and wants their holders to hold Safemoon as long as they can. Safe Moon implies a 10% fee if you want to sell the Safemoon tokens. This method of tokenism can be disappointing for some traders.
Pros.
- Huge Community Backing
- No need for any celebrity or its tweet
- Migration on V2 (that reduced the token supply)
- Half a Million+ token holders
Cons.Â
- 10% fees during profit-booking
- No premium exchange listing
- No real use case
Why hold these Meme Coins in the Long Term?
HODL is a traditional mantra in the crypto market. There are many meme cryptos that have given more than 1000X return in the long term to their traders. Dogecoin and Shiba Inu Coin is one of them.
According to the meme coins list of CoinMarketCap, there are more than 300+ meme coins in the market. And many more are launching day by day. Some meme coins have gained huge responses from crypto traders and now they are like well-established altcoins.
We have tried our best to mention only those coins here that have at least bigger market caps. Mainly we have taken 5 measures to list these 5 best Meme Coins to invest in the long term:
- The popularity of meme coins (Community Support)
- Number of Holders
- Listing on Crypto Exchanges
- Market Cap
- Token Supply
There are some more meme coins like Shinja, Floki Inu, Baby Doge Coin, Kishu Inu, and Saitama Coin that have gained huge responses from crypto traders.
Conclusion – Best Meme Coins to Invest in the Long Term
Today, cryptos are the source of passive income for many traders. There are many crypto enthusiasts that invest regularly in cryptos. Meme coins are the new revolution in the crypto market. The popularity of meme coins recently surpasses many altcoins. There is no doubt that some meme coins can touch the moon in upcoming years due to community support.
Apart from the analysis of the best Meme Coins to invest in the long term, we suggest our readers conduct the maximum possible research before investing in meme coins or any other crypto. As the cryptos are extremely volatile, they can change their price direction at any time. Crypto investors must not take this piece or any other article on this website as financial advice.
