These Meme Coins will make you a millionaire in the long-term!
Many of the modern concepts that govern the modern world are based on shared beliefs. Fiat currency is valued because everyone believes it is valuable. This belief is the foundation of all financial markets.
Similar to the previous example, we can assign value to something if everyone agrees it has value. Although it sounds counterintuitive, it is true. The people have the power. They decide that meme coins can be valuable.
Let me give an example: Memes weren’t a product or thing that was being sold a decade ago. The term was not used in any way. Companies were not hiring meme creators, nor were they asking their social media teams to create memes to promote their products.
Now memes are the most popular marketing tool. This “space” or content is bringing in sales, marketing, branding and brand recognition. All of these are worth millions of dollar if done conventionally.
You got my point? You get my point? Let’s take a look at some meme coins that could potentially “reach the moon” and make us rich.
The chances of DOGE going to orbit are high with the blessings of Elon Musk, self-proclaimed Dogefather. The crypto community is already friendly towards DOGE, which is why it has crossed the $1 mark in 2021.
This cryptocurrency could be a huge payment option for any of Elon Musk’s companies or products. He’s also mentioned DOGE being a payment option several times. If all goes well, which is likely to happen in the long-term, you will see huge returns as an investor, perhaps like early Bitcoin investors. It’s high-risk and high-reward, so be careful.
SHIB was launched as a parody of DOGE and not as a digital asset of any utility or value. It was launched in August 2020 with the goal of taking over Dogecoin. The OG meme coin DOGE is not going away anytime soon. Still, Shiba Inu is among the top ten meme cryptocurrency according to market capitalization.
Shiba Inu is a great investment, but only if it thrives and experiences a huge growth in popularity. SHIB is an excellent example of high-risk, high reward investment. Shiba Inu is not adding anything to the Decentralised Finance (DeFi) ecosystem. It will yield enormous returns if its ecosystem becomes a utility and something of value in future.
This is another doggy meme currency that has the potential for great growth. Doge Meme members created a new meme cryptocurrency, and called it Baby Doge.
Baby Doge, which was born in 2021, has learned some tricks and lessons from Doge, his meme father. Baby Doge hopes to be a father’s best friend with his adorableness and faster transaction speeds. Although the crypto community loves Baby Doge, it is not yet able to offer huge returns on investments. It’s still in its early days and could grow rapidly over the next few years. It is a high-risk asset that has the potential to dominate long-term markets.
Also read: Cardano Vs XRP: Who Will Hit $1 by 2023? – Coingape
About the author
The content presented may contain the author’s personal opinion and is subject to market conditions. Before investing in cryptocurrency, do your market research. The publication or the author are not responsible for any financial loss.