Cryptocurrencies have revolutionized the financial system by providing a great alternative to fiat money. And although Bitcoin and Ethereum are serious establishments and are the most-known competitors in the crypto market, other cryptocurrencies started as a joke. And as people got tired of complex bitcoin investment strategies and payment methods on how to buy Ethereum, developers thought that the market needed a breath of fresh air and create something meme-related to make others enjoy investing.
One of the most known meme-coin is Dogecoin, which makes Elon Musk tweet about it a few times, leading to a considerable increase in price. After the hype started to disappear, the coin regained its regular value, which is what happens to these cryptocurrencies. They’re not that valuable and don’t necessarily have important use cases, but they follow the trends and fuel the entertainment industry. Let’s see what other meme coins there are.
Shiba Inu
Along with Dogecoin, Shiba Inu is inspired by a dog called Shiba Inu, which took over the internet for more than a decade and is still going strong. The official token of the network is called SHIB, and it’s based on Ethereum technology. It also has a special token called LEASH that’s made for loyal supporters that allows them to get special treats, such as exclusive access to Shiboshi NFT minting. The final token is called BONE and is the ecosystem’s governance token that can be used in the Doggy DAO and is the foundation of the cryptocurrency’s Layer 2 network.
The blockchain’s decentralized exchange allows you to:
- Dig (contribute to liquidity)
- Bury (stake)
- Swap tokens
- Gain woof returns;
You can engage with this cryptocurrency in many ways, such as getting their NFT collection called SHIBOSHIS, looking at the Shib metaverse, or playing games at the Shiba Eternity game collection.
Floki
Floki is yet another cryptocurrency that is linked to Elon Musk. In 2021, he stated in one of his tweets that he’d name his Shiba Inu Floki, which led to the token’s development soon after. Floki is called the people’s cryptocurrency since it started as a meme for the community, but besides this aspect, Floki is a pretty interesting coin. It provides investors with a 3D NFT metaverse, DeFi tools, merchandise, and more. What makes it special is the token’s dedication to building a state-of-the-art school on every continent. Until now, they’ve managed to create such a schooling system in Guatemala, Ghana, Laos and Nigeria.
Some of the most exciting projects on the blockchain include the following:
- Valhalla, a play-to-earn NFT metaverse where you create your own NFT character and farm, battle, quest, and do many more exciting things;
- Try out decentralized finance products on FlokiFi, such as LP tokens, NFTs and Multi-tokens;
- Flokiplaces NFT and merchandise marketplace;
Kishu Inu
Another crypto dog meme entered the chat, and it’s the Kishu Inu one! This community-focused cryptocurrency is known for its instant usage rewards to users. For every transaction, holders will receive a 2% KISHU reward, and as the number of active users increases, so does the number of rewards granted.
Kishu is a fully decentralized community in which users are always looking for new and fun ways to use the network. Its smart contracts have been audited, which means there are no risks involved in trading and using the blockchain, which is why KISHU is still among the top meme cryptocurrencies.
You can get some KISHU by:
- Creating a MetaMask wallet since KISHU is available on the Ethereum blockchain;
- Send ether to MetaMask;
- Swap ETH for KISHU on the KISHU Swap;
The cryptocurrency’s goal is to help popular cryptocurrency concepts into the mainstream media, which is why Kishu Inu works by gathering as many users as possible to incentivize them. Kishu Inu also has quite an interesting feature called burning that can remove a portion of tokens from circulation to help reduce the total supply.
Banano
How many banana memes do you know? Well, even if you’ve seen them all, Banano is what makes the banana meme unique. This “rich in potassium” cryptocurrency, powered by DAG technology, is a new and impressive coin that has the following features:
- Instant and feeless transactions;
- Fungible and edible;
- There’s no minting required;
- Bananas;
Banano is distributed through airdrops, contests and similar activities. Users get them in a free and fair way so that anyone can have some tokens in their wallets. Bananao is listed on some of the most known exchanges, so you can always buy and sell them there.
If you want to participate in more financially boring activities on Banano or start a project, you can wrap it on other chains, such as Ethereum, Polygon or Fantom. If you want to do something with BAN, the network’s token, you can wrap it and create a wBAN to swap it with other cryptocurrencies, earn more or learn DeFi.
TAMADOGE
Tamadoge is another cute and not really useful cryptocurrency, but at least it has incredible designs and a really excellent UX. You can get $TAMA by playing many of the games found on the Tama website, as well as breeding new pups and raising them well. The awaited AR feature will allow you to play with your NFTs and their friend from the Tamaverse.
The network provides the following products:
- NFT pets that are available on Open Sea with which you nurture your puppies and make them grow and prepare for the battles where you’ll earn rewards;
- The Tamadoge exchange allows you to buy and sell $TAMA through their decentralized platform;
- The Tamadoge bank is the place where you can purchase tokens with your bank card and Open Access to the Tamaverse;
Bottom line
Meme coins are not that useful to the crypto market, but they’re at least fun, colorful and easy to handle. They might not add too much value to your portfolio (only if Elon Musk tweets about them), but they’ll surely make you smile and take you out of the crypto grind.
