Top Meme Coins To Stay Away From In December 2022

Top Meme Coins: The prolonged crypto winter and ongoing crisis have had a significant impact on the market. The entire value of more than 21,600 digital currencies has fallen below $1 trillion, according to CoinMarketCap.com, after peaking at nearly $3 trillion in the second week of November 2021. It is reasonable to blame it on a series of digital currency initiatives that have fallen short of expectations.

Even though some cryptocurrencies, especially meme coins, are still in their infancy and are continually developing, some projects have yet to prove their worth from an investment perspective. Here’s a list of meme coins that might struggle to give a good ROI.

Samusky (SAMA)

Red flags we came across:

This meme coin is currently trading at $0.00005878, which is down by 94.02% from the same time last year (YTD). In the last one month, SAMA’s price has dropped by 51.29%.

The trading volume of SAMA is very low, hovering around $200 for the last 30 days.

Neither recent activity nor a huge following on Twitter (Last tweet was made on August 30; 11.6k followers)

This coin is only listed on two exchanges, namely, Raydium and Jupiter, according to CoinMarketCap.

According to Wallet Investor’s AI cryptocurrency analyst, SAMU has a negative outlook and will most likely follow a negative trend in the future.

Boss Token (BOSS)

Red flags we came across:

BOSS is currently trading at $0.000000004144 and has plummeted by 21.20% in the last 30 days. After its inception, it has largely remained at its offering price.

The community of BOSS Token is not very big or very active. It has just 7,000 followers on Twitter.

According to CoinMarketCap, BOSS is only listed on two exchanges.

Wallet Investor’s AI cryptocurrency analyst implies that there will be a negative trend in the future, and this meme coin has a negative outlook.

Buff Doge Coin (DOGECOIN)

Red flags we came across:

The price of Buff Doge Coin has plummeted by 93.98%, and is currently trading at $0.000000001219.

After surging in 2021 (mainly due to FOMO in a bull run), its price has gradually declined.

It has been losing value for the last one year.
 
Buff Doge Coin has yet to prove that it is worth investing. It also doesn’t have a very big community.

According to Wallet Investor’s AI cryptocurrency analyst, Buff Doge Coin has a negative outlook and will follow a negative trend in the future.

Pig Finance PIG

Red flags we came across:

Sliding on a downward trend for the past one year, PIG has lost around 72.54% of its value and is currently trading at $0.0001285.

It is neither a popular meme coin nor has a large following.

According to Wallet Investor’s AI cryptocurrency analyst, PIG has a negative outlook and will follow a negative trend in the future.

Also Read: These Top 5 Cryptocurrencies May Die Soon; Are You A Holder?

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.