These Meme Coins Will Make You Millionaires In The Long Run!

Most of the concepts on which the modern world operates are somewhat based on shared beliefs. Fiat currency is valuable because everyone believes that it is valuable. And all of the financial world is built upon this shared belief.

Similarly, we can give value to something if everyone agrees that it has value. This sounds counter-intuitive, but it’s true. The power resides in the hands of the people. And if they decide that meme coins are valuable, they become valuable.

Let me give you an example: memes weren’t a commercial product or thing a decade ago. Nobody even knew what the term meant. No company was hiring meme creators or tasking their social media team to make memes and get on the viral trend to promote their products.

Fast forward to today, when memes are the go-to marketing tool. And this “space” or “content” is bringing sales, marketing, branding, and brand recognition, all of which are worth millions of dollars if done conventionally.

You got my point? The thing is, we, the people, determine what is valuable and what is not. So, let’s have a look at some of the meme coins that can potentially ”reach to the moon” and make you rich in the process.

Memecoins That Can “Go To The Moon”

Dogecoin

With the blessings of the self-proclaimed Dogefather, Elon Musk, the chances of DOGE going to the moon are the highest. The crypto community is already very ‘DOGE’ friendly, and that’s how it crossed the $1 mark in 2021.

If Elon Musk adopts this cryptocurrency as a payment option for any of his companies or products, that will be really huge! And he’s mentioned about accepting DOGE as payment several times. If everything goes well, which it probably will in the long term, you as an investor will be looking at huge returns, maybe like early Bitcoin investors. But beware, it’s a high-risk, high-reward game.

Shiba Inu

Launched as a parody instead of a digital asset of some utility or value, SHIB is as popular as DOGE. It was created in August 2020 with the mission of overtaking Dogecoin, was nick-named “Doge Killer.” The OG meme coin, DOGE, is not going anywhere anytime soon. Still, Shiba Inu has its name among the top ten meme cryptocurrencies according to market capitalization.

Shiba Inu may be a wonderful investment, but only if the meme thrives and sees a massive growth in popularity. SHIB is a perfect example of a high-risk, high-reward investment. You should note that Shiba Inu does not yet add anything new to the decentralised finance (DeFi) ecosystem. If its ecosystem becomes a utility or something of value in the future, it will give outsized returns.

Baby Doge

This is another doggy meme cryptocurrency that has the potential to go big in the long run. Doge Meme online community members created a new meme cryptocurrency and named it Baby Doge.

Baby Doge, which debuted in 2021, has learned a few tricks and lessons from his meme father, Doge. Baby Doge aspires to amaze his father with his faster transaction speeds and adorableness. There’s no doubt that the crypto community loves the adorable Baby Doge, but it has yet to surge in popularity enough to be able to give huge returns on investment. It’s his early days, and can go big in the coming years. But again, you are warned that it is a high-risk asset with the potential to dominate the market in the long run.

Also Read: Cardano vs XRP : Who Will Hit $1 in 2023? – Coingape

Dhirendra is a writer, producer, and journalist who has worked in the media industry for more than 3 years. A technology enthusiast, a curious person who loves to research and know about things. When he is not working, you can find him reading and understanding the world through the lens of the Internet. Contact him at [email protected]

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.