The rising popularity of joke currencies within a short amount of time has caused a buzz among investors who are looking for the best meme coins to buy.
Most meme coins are below penny value because of their unlimited circulating supply, however, some meme coins have reached high market capitalizations drawing attention from investors.
Below are some of the best meme coins to add to your portfolio this December.
1. Dogecoin (DOGE)
Dogecoin is one of the top best meme coins to buy this December 2021. Billy Markus and Jackson Palmer created the meme coin. DOGE was inspired by a meme of a dog species known as the Shiba Inu and was designed to be a joke to attract social media attention.
The meme coin is currently trading at $0.2094, below the 20-day moving average (MA) support price of $0.22. The Relative Strength Index (RSI) puts Dogecoin in the oversold region with a chart value of 39.
The moving average convergence and divergence (MACD) trend line depict a strong sell signal. Investors who want to realise substantial gains from low-cost ought to consider Dogecoin.
Dogecoin’s hike in price was due to a number of factors that served as an influence. Chief of these factors was Elon Musk’s over-enthusiasm about the coin.
The tech billionaire is insistent on the possibility of Dogecoin becoming an actual currency. The persistent tweets by the billionaire pushed Dogecoin up by 9000%, making it one of the fastest-growing crypto assets.
2. Shiba Inu (SHIB)
Shiba Inu makes a list as the second-best meme coin to buy in the crypto market. The digital coin was originally created to be a rival to the foremost meme coin, Dogecoin and is commonly referred to as the “Dogecoin Killer”. Shiba Inu was created by an anonymous developer known as Ryoshi in August of 2020.
Shiba inu is based on the Ethereum network and a current market cap of $23billion and controls 0.9% of the global crypto market, and has a 24-hour trading volume of $2billion.
The digital coin is currently trading at $0.00004432, which is below the 20-day MA price of $0.00004467.
SHIBA’s Relative Strength Index (RSI) puts the digital coin in the underbought region with a 48 figure on the chart. The moving average convergence and divergence (MACD) trend line show a sell signal.
Shiba Inu makes for one of the best meme coins to buy now as the coin is gaining more widespread acceptance uncommon to a meme coin. SHIB recently got listed on centralised Bitcoin exchange Kraken, further boosting the meme coin’s popularity.
3. Dogelon (ELON)
Dogelon is a fork of Dogecoin named after the Tesla CEO, Elon Musk and is directly linked to his passion for his SpaceX project. Dogelon was officially launched in April 2021 and started trading at the price of $0.000000163.
Dogelon currently trades at $0.00000147, which is below the 20-day MA price of $0.00000158. The Relative Strength Index (RSI) puts ELON in the under bought region with a value of 50. The moving average divergence and convergence (MACD) trend line shows a sell signal. The technical indicators are highlighting an advantageous entry point for investors to buy ELON.
Dogelon is a crypto project aimed at becoming the first interplanetary currency. Elon Musk’s SpaceX project is geared at transporting the first Mars settlers from Earth. The Dogelon token will be helpful to as many people who are willing to take the trip.
The meme coin is making rounds and has recently been listed on the Latoken exchange. This is another step towards providing opportunities for crypto enthusiasts to invest in one of the best meme coins to buy.
4. Akita Inu (AKITA)
Akita Inu is ranked as one of the best meme coins to buy, and it is for a good reason. Akita Inu was launched on February 1st of 2021, and was inspired by Dogecoin and Elon Musk. The digital coin was launched without a team but currently has a team known as Polarfox Labs.
The Ethereum-based token is currently trading above the 20-day MA support price of $0.00000254 by a small margin at $0.00000259.
The Relative Strength Index (RSI) is currently at the 50.0 mark which depicts Shiba Inu as an underbought asset.
The moving average convergence and divergence (MACD) trend line shows a buy signal. Technical indicators confirm that Shiba Inu is making its way to better price values, and investors need to take advantage of the buying window.
Akita Inu is on the way to converting to a useful token with several use cases. The cryptocurrency is undergoing three major projects to facilitate the application of AKITA in more beneficial ways. Akita Inu, among other projects, intends to build an exchange that will enable the users to stake AKITA with other dog tokens.
5. Samoyed Coin (SAMO)
Samoyed coin is the official meme coin of Solana and was created to help the Solana ecosystem by appealing to its core and creating a bit of fun in the community. The digital coin is endowed with the good features of Solana which are high scalability, low fees and high speed.
SAMO has launched only a few months ago but has seen a significant increase in price. The digital coin has already garnered widespread adoption from investors. The digital asset makes for one of the best meme coins to buy because of the potential it has to soar in price, earning investors large profits in the long run.
Samoyed coin traded at the price of $0.18 on November 10 but has taken a slide down to $0.075. This price is below the 20-day MA price of $0.08. The digital coin currently has a 24-hour trading volume of $8.6million and a total supply of 10 billion coins.
SAMO is geared towards providing liquidity for Solana with the onboarding of the meme token on the yield farming platform, Cropper Finance. This opens up the opportunity for users to earn rewards in SAMO that can be swapped to Solana.