Looking for the best meme coins to invest in 2022? You aren’t alone.
Apparently, more and more retail investors are ditching first-generation crypto and turning to meme coins and such other digital assets as NFTs and DeFi tokens. And you only need to look at meme coin price action 2021 to see why.
But in a sea of 19000+ digital assets, how do you find the best meme coins in the UK?
Well, this post seeks to help identify and learn to spot top meme coins from the chaff. We will discuss the meme currencies that we believe have the highest chances of exploding in 2022. We will then tell you what to look for when identifying top meme coins in the UK, how to purchase these coins, and the best places to buy meme coins in the UK.
Ready? Let’s dive in.
Key points to note about meme coins:
The best meme coins, or joke cryptocurrencies, have humorous origins and are often inspired by internet memes, jokes, and trends.
Meme coin prices are massively volatile and are majorly influenced by community support, celebrity endorsements, artificial price pumps, and overall crypto market performance.
Dogecoin and Shiba Inu, the two largest and most popular cryptocurrencies, have a combined live market cap of £25 Billion – more than 80% of the combined market cap of the 10 top meme coins.
Most meme coins were inspired by the success of Dogecoin and event centre their themes around Dogecoin, the Shiba Inu dog (its logo), and Elon Musk (its greatest celebrity endorser).
If you missed out on buying early when these top meme coins launched or their dip in early 2022, you can still leverage their massively volatile price action to profitability.
Top 10 best meme coins to buy today
In coming up with this list of the best meme coins UK, we considered more than their current market capitalization. We looked at their past price action, factors influencing their current prices, the team behind the meme coins, and assessed their ability to explode should the market resume its 2021 bull run.
- Dogecoin (DOGE) – Overall best meme coin in the UK
- Shiba Inu (SHIB) – Second most valuable meme coin, good for long-term investors
- Floki Inu (FLOKI) – Relatively newer meme coin with huge potential for future gain
- Dogelon Mars (ELON) – The fastest-growing meme coin
- Apecoin (APE) – Best meme coins for NFT investors
- Monacoin (MONA) – Top meme coin with massive upside potential
- Samoeyedcoin (SAMO) – Best meme coins UK hosted on the fast-growing Solana ecosystem
- Safemoon (SAFEMOON) – Top meme coin UK, the best alternative to Shiba Inu and Dogecoin
- Hoge Finance (HOGE) – Best meme coins for the DeFi ecosystem
- ERC20 (ERC20) – Another fast-rising meme coin with massive potential for upside value gain
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
These top meme coins have posted incredible value gains in the past. They especially performed exemplarily well in 2021 during the crypto market rally. With a revived meme frenzy, the coming in of new investors, and a recovering crypto market, we are hopeful that they will resume their 2021 rallies and explode before the end of 2022.
Detailed look at the best meme coins to buy in the UK
Let us now go over each of these joke cryptocurrencies in detail and understand what makes them the best meme coins UK. We will look at their past price performance and factors that convince us that their best is yet to come.
Dogecoin (DOGE)
Dogecoin is overall the best meme coin to buy in the UK. It is the pioneer meme coin, started in 2013 to ‘poke fun at Bitcoin’ and light up the nerdy crypto space. Created by an IBM software engineer, it assumed the popular internet meme of a Shiba Inu dog as its logo. Close to a decade later, it has more than lit up the crypto space. It has inspired a multi-billion pound crypto niche, the birth of thousands of other meme coins, and made some of it investors stupid rich.
Today Dogecoin’s ROI exceeds 24000% and has a £14.2 Billion market cap – even after shedding more than 80% of its all-time high price. Much of its value gain came about in early 2021, fueled by Reddit price pumps and endorsements from the likes of Elon Musk and Mark Cuban. Between January and May 2021, Doge token prices surged by more than 23500%.
So why include it in our list of best meme coins UK? Because of its potential future value gains, thanks to the fact it still is the most popular and most sought-after meme coin. And this is evidenced by its rising trade activity. It also has the backing of Elon Musk whose regular tweets about DOGE have earned relatively soft price corrections. We might also add that it has the support of a vibrant community and its use cases are on the rise.
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
Shiba Inu (SHIB)
Shiba Inu is the most popular and most successful Dogecoin competitor. It was initially started with the sole reason of replacing Dogecoin as the top meme coin. But its mission has since changed and its developers are building a crypto ecosystem around the meme coin – featuring a DEX, a meme coin Launchpad, and the Doggy DAO.
SHIB launched in August 2020, and already has an ROI exceeding 1.38 million percent and a £9.7 Billion market cap, even though it currently is trading 75% below its all-time high. This makes SHIB the most successful meme coin today. Much of these gains can be attributed to its vibrant community, association with Vitalik Buterin (50% of SHIB tokens were burned to Vitalik’s wallet), Elon Musk endorsement, and the 2021 meme coin frenzy.
But what makes Shiba Inu one of the best meme coins in the UK today? For starters, the fact that it has endeared itself to meme coin investors through increased use cases. It, for instance, can be staked on Uniswap and Shibaswap DEXs.
Further, support from its vibrant community is rising and trader activity around the asset is on an uptrend. Shiba Inu has also committed to reducing its token supply by burning more tokens. All these indicate that once the market recovery kicks in, Shiba Inu will be among the top crypto coins that resume its 2021 rally.
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
Floki Inu (FLOKI)
Just as Shiba Inu was designed to replace Dogecoin, Floki Inu was designed to pick up the baton when the hype around Shiba Inu eventually dies down. But Shiba Inu prolonged its stay at the helm on the list of best meme coins UK. This, however, hasn’t stopped FLOKI from onboarding hundreds of thousands of followers on social media, most of whom eventually invested in the dog-themed meme coin.
As it waits for its time to shine or the next bull run, its developers have busied themselves and kept the community engaged with upgrades to the Floki Inu ecosystem. They have announced plans to come up with an NFT gaming metaverse, an NFT marketplace, and a crypto education platform.
These have helped the meme coin that blends the Shiba Inu dog and Vikings TV series themes push its price by more than 80000%. It has expanded its market cap to £125 Million. All while trading 95% below its all-time high.
So why include it on the list of best meme coins UK? Because it still posts healthy and uptrending trading volumes – indicative of increased investor interest. It also has a vibrant and growing community who have helped keep its value gain on an uptrend. Perhaps more importantly, Floki Inu is still lowly priced, currently trading around £0.000013, and has a low market cap of £155 Million. This says that FLOKI can support a massive price run when the crypto market recovery resumes.
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
Dogelon Mars (ELON)
Dogelon Mars is a relatively new meme cryptocurrency, started in April 2021. But in the less than 12 months that ELON has been around, it has climbed to the top of the best meme coins UK table – by virtue of being one of the fastest-growing meme coins. It has, for instance, grown its value by more than 1000% and its market cap to £450,000 – making it the third most valuable meme coin.
Much of this growth can be attributed to the vibrancy of its growing community – noting that it already has close to 600K followers on Twitter. It could also be attributed to its close association with Dogecoin and Elon musk, which increases its investor appeal by making it a serious contender in the battle to replace Dogecoin.
Over the next few months, we expect it to continue growing its community. We also expect the top meme coin to sustain the current price uptrend and rising trading volumes. We also expect a recovering crypto market and renewed meme coin frenzy to fuel its exploding value gain.
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
ApeCoin (APE)
ApeCoin is the newest addition to our list of best meme coins UK. It is barely two months old and is already up by more than 350%. It is based on the most popular NFT project in the crypto-verse – the Bored Ape Yacht Club (BAYC) – and is held by dozens of celebrities and crypto influencers. It also has a massive following on social media where it has been the topic of discussion for months now and its community of supporters on these platforms are massively active.
Yes, we recognize that there is an ongoing debate on whether APE is a meme coin or a utility token. But like…
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