2021 was a prosperous year for all cryptocurrencies, especially for memecoins. After entering the market, memecoins quickly got traders’ attention, which eventually created vast waves of trends and new cryptos. Also, billionaire influencers, crypto experts, and enthusiasts endorsed a massive growth behind the popular memecoins.
As a technical part of those coins, they are primarily bizarre and unpredictable, yet they have a vast potential to grow with immerse speeds. As of now, they are still worth being under your consideration if you plan to build a crypto portfolio.
Created in 2013, Dogecoin achieved almost more than a million visitors to their website, yet the success rate of the coin didn’t show promising data. But in 2021, a new wave of trends emerged to the market when Elon Musk started to endorse the currency and earned the title of “Dogefather.”
After several tweets from Elon Musk and other influencers, memecoin achieved its all-time high on May 08, 2021, worth $0.7376. This spontaneous and unpredictable outcome became a reason and motivation for others to create new coins of a kind.
Elon Musk’s last tweet also promises other bullish indicators for DOGE; as of Jan 14, 2022, he announced that Dogecoin would be accepted for Tesla merch purchases.
Tesla merch buyable with Dogecoin— Elon Musk (@elonmusk) January 14, 2022
As for now, the current price of one Dogecoin is $0.1655, and it holds 11th place on the capitalization chart with only 0.1% less than Polkadot (DOT) network.
Shiba Inu (SHIB)
Soon after the Dogecoin trend emerged, Shiba Inu grew popular among social media users, especially Twitter, Reddit, and Discord. Created in Aug 2020 by an unknown team called Ryoshi, memecoins’ initial purpose was to make fun of Dogecoin, which eventually bonded Shiba Inu with DOGE. They had a growing parallel line.
The race between SHIB and DOGE had a massive impact on both of them, as for 2021, it showed an almost 40,000% price surge. Currently, the price of one SHIB is $0.00002761, which is 68.50% lower than its all-time high of $0.00008845, yet many predictions show green light for the memecoin in 2022 depending on the growth of Dogecoin.
It is impossible to forget Safemoon while talking about memecoins of 2021. Released on Mar 2021, Safemoon skyrocketed while followers kept growing on the media, and at the peak of its price… 90% crush.
Recently the CEO of Safemoon, John Karony, announced the new project called Operation Phoenix in the Gambia. The purpose of the operation is to connect windmills with towers providing internet access in the Gambia. The service will eventually solve the internet accessibility problem in the area, providing net access throughout the region.
Currently, Safemoon is howling around $0.000001701, with an all-time high being ≈ $0.000012. Safemoon holds 215th place in the capitalization chart, yet predictors believe it is just a temporary position for moon-going coin.
Dogelon Mars (ELON)
Following the trends of SHIB and DOGE, Dogelon Mars was created with a bigger purpose; to make ELON a universal currency, reachable for every point in the universe where humanity exists. As creators state, it is also created to recover the losses of those who became victims of scams and fraud coins.
At the moment of its creation, 50% of the supply was burnt to Vitalik Buterin as an act of gesture of peace. The other 50% was permanently locked in the Uniswap liquidity pool, ensuring that there would be no further modifications and scams from the creators’ side. As devs of Dogelon say –
“The community is encouraged to airdrop Dogelon tokens to victims of rugs and scams. It’s important to give back and build community trust.”
Currently, there are 1,000,000,000,000,000 ELONs in the supply from which 50% was burnt to Vitalik Buterin, well known for being a co-founder of 2nd biggest cryptocurrency; Ethereum. Person/Group of people behind this coin is unknown. Currently the price of one Elon is about $0.000001196, and it holds 113the place on the capitalization chart.