Not every crypto has to be BTC or ETH to leave behind an impact in the market, and the past few years have been conclusive evidence of the same. A new class of crypto tokens has simplified the concept of ‘low price, high returns.’
Yes, meme coins, or ‘shitcoins,’ have revamped the crypto market the best way to characterize them is as useless coins with no use or future.
Many of these are a hoax created by shady persons hoping to fleece just a few sheep and make quick money. Others are made to be memes or to reflect unsuccessful endeavors.
However, since most of these tokens have given significant returns over time, we’ll be discussing how 2022 could be for these tokens. So, in the following sections, let’s explore some of the best meme coins that could rule the market this year.
Shit Coins That Could Re-Define Your Investments In 2022
Big Eyes Coin (BIG)
BIG (Big Eyes Coin) is a meme token with enormous potential that early investors could leverage to make good profits. Big Eyes Coin is putting the finishing touches on a sizable initiative for the crypto community and has had a pretty respectable presale thus far. Early adopters of the next big ventures are frequently rewarded in the cryptocurrency market.
Pre-sale sales of a Big Eyes Coin are already substantially below market value, providing enough opportunities to accrue profits following launch. In addition, the project’s phase 2 is also on the verge of completion, adding more value to its current market price.
Besides, considering the current market conditions would be a great entry point if you want to invest in a crypto asset. Besides, there isn’t much of a downturn to cover; most cryptocurrencies are near their lows, reducing the likelihood of losing money. Dollar-cost averaging your purchase and spreading it out over several months is another method for getting these tokens.
Concept That Makes Big Eyes (BIG) Unique
A new cat-themed meme coin called Big Eyes Coin (BIG) is debuting on the Ethereum platform. One might anticipate that BIG will experience the same rapid growth as Ethereum has demonstrated it can provide for projects.
However, some new cryptocurrency initiatives must better suit the current market environment. The enormous liquidity Ethereum (ETH) offers projects starting on it is something Big Eyes Coin aspires to inherit.
Big Eyes uses DeFi to generate income for its neighborhood, which might also be the necessary atonement for the landscape following the catastrophic Terra-Luna collapse. Meme coins are also one of the primary sources of liquidity, which has the potential to stimulate the market, as Dogecoin (DOGE) achieved in 2021.
Due to their right to reject project development decisions, community holders of Big Eyes Coin will be more engaged and concerned with growth thanks to the DAO model.
Big Eyes Coin (BIG) would hold several community activities to increase its buzz and keep the group together. In addition, big Eyes Coin plans to create a rivalry to replace Dogecoin (DOGE) and Shiba Inu (SHIB) from their positions of dominance in the meme coin market.
Critical Factors for ApeCoin (APE) and Decentraland (MANA)
Yuga Labs developed the Ethereum-based token known as ApeCoin (APE). Due to its intended purpose as governance and a token for utility for the games by the developer, ApeCoin is considered a gaming token. Mutant and Bored Ape Yacht Club, among other popular NFT collections, are also created by the mother brand Yuga Labs.
Although the Metaverse is considered a Hubspot for gaming, several other applications exist. For example, MANA, an Ethereum-based virtual environment called Decentraland (MANA), uses AR and VR to allow better social interaction. Besides, concepts like Decentraland redefines virtual architecture.
The possibility of the LAND tokens is up to the owners. It can be used wisely and afterward sold for a higher price. These LANDS have numerous potential uses, including establishing a museum and a virtual environment for gaming.
Because blockchain gaming is expanding quickly and attempting to catch up well with the traditional gaming business, MANA and LAND are expected to catch up with mainstream markets very soon.
ApeCoin Introduces a New Set of Individuals to the Web3 World
For now, one of the best ways to invest in Shitcoin is ApeCoin. APE coins were established in March 2022 and act as the utility and governance tokens for the ApeCoin DAO. This movie contains the entire Bored Ape Yacht Club NFT project from Yuga Labs.
The price of the meme currency has already soared by greater than 1100 percent, according to data from CoinMarketCap.
The overwhelming majority of players in the cryptocurrency industry think that the price of ApeCoin will increase in the future. APE is now trading at $11; however, due to the coin’s low price ($11) and the enormous amount of attention it has garnered, it is anticipated to keep increasing in value over the coming months and into 2022.
Another recent collaboration between APE and Shopping.io entitles all APE-based purchases online to a 2% discount. This, plus potential future collaborations that will be crucial to ApeCoin’s popularity and spur a price run from now until December, make ApeCoin one of the finest shitcoins to buy now.
According to ApeCoin price predictions, the currency will have a $75 per unit value by 2025. As a result, you might want to buy ApeCoin before it further consolidates its position as the market leader in the shitcoin sector.
Research For Your Next Meme Token Investment Today!
Finding the “next big idea” that will change the world and make them rich is the obsession of many. The major draw of shitcoins is that, if it is packaged well enough, people will readily believe almost anything.
As of February 2022, there were over 10,000 cryptocurrencies available on the market, making it exceedingly difficult to distinguish between genuine offers and those that are frauds or simply worthless.
Visit the shitcoins website and browse the documentation, especially the whitepaper, to identify projects. The coin’s manifesto, or whitepaper, outlines the founders’ goals and the steps they will take to achieve them. These are typically the earliest warning signs.
For example, a whitepaper can assert that cryptocurrency will replace Bitcoin and revolutionize the world’s payment infrastructure. However, if it doesn’t include a detailed list of the issues the coin will address along with solutions, it could be more specific rhetoric.
In other words, this is a blatant indication that the founders either lie to their investors or don’t know what they’re talking about. Both are sufficient justifications for avoiding such currencies.