If there is one form of cryptocurrency that exemplifies the power of digital investing, it is Dogecoin. What started as a joke about Reddit in late 2013 is now a billion dollar asset anyone can invest in. But did you know that Dogecoin isn’t the only meme cryptocurrency?
Here are some of the most popular meme cryptos besides Dogecoin, in case you ever decide to invest in one of them.
MonaCoin or MONA was launched around 2014 and is possibly one of the most famous meme cryptos out there. MonaCoin was founded by an internet user who goes by the name “Mr. Watanabe ”and is the most widely used meme crypto in Japan. A handful of physical and online stores in Japan accept this as a form of payment.
MonaCoin was named after a cat meme made up of ASCII text. If you’re not sure what ASCII text is, it’s basically a series of characters that make up digital text.
Compared to common cryptos like Bitcoin and Litecoin with block times of 2.5 minutes and 10 minutes respectively, MonaCoin has a shorter blocking time of 1.5 minutes. This means lower transaction costs and better energy efficiency.
Why are we talking about energy efficiency? The trading and use of cryptocurrencies is actually having a devastating impact on the environment.
Despite the fast blocking time, MonaCoin memory is quite limited. As of now, it can only be stored in two third-party e-wallets, namely Electrum MONA and Coinomi.
This meme crypto is growing fast. At one point, his profits exceeded Dogecoin.
PooCoin, which operates as POOCOIN, was introduced in March 2021 and touted as “the next Dogecoin”. Not much is known about this new meme crypto on the block, but one thing is certain: it’s here to unlock features in its own app based on Binance Smart Chain.
Like many meme cryptos on this list, PooCoin is rapidly gaining traction with investors, so it will likely become the next Dogecoin very soon.
Garlicoin or GRLC is from a Reddit post around 2013. One user, u / DigitalizedOrange, wrote in a post that if there are more than 30,000 upvotes, they will create the meme crypto. Sure enough, and that’s how Garlicoin was born.
The code for Garlicoin was copied from Litecoin but has a blocking time of just 40 seconds. The development team behind Meme Crypto has stated that the algorithm for Garlicoin is not intended for crypto-specific mining applications. The developers also hold a majority of the coins, and this scarcity in the market means greater value.
u / DigitalizedOrange described this crypto as “the coin you never thought you needed, and probably didn’t.” But considering it’s slowly gaining interest in the meme crypto scene, maybe it is exactly what we need.
Pirate Chain, trading as ARRR (yes, “arrr”), is another meme crypto that has seen a ridiculous percentage of growth in the meme crypto market.
Pirate Chain was launched as a private broadcast cryptocurrency in 2018. This means that it was designed with a code – in this case ZK-Snarks – that only allows private and anonymous peer-to-peer transactions on the blockchain. This privacy also ensures that there is no double spending, no one can see what a user has bought, and no one can see how much a user has in their wallet.
Like Pirate Chain, Banano or BAN was introduced in 2018. It calls itself a crypto that is “numb, instantaneous, high in potassium”. The cryptocurrency is powered by Directed Acyclic Graph (DAG) technology, a form of graph data structure in the blockchain.
It markets itself as a “fun” meme currency, ideal for crypto beginners, that is distributed for free on major social media platforms. Several major cryptocurrency exchange sites, including Mercatox and Vitex, sell Banano. Banano can be stored in wallets like Kalium, Vault, and Pippin Developer.
Yes, there is a meme crypto dedicated to Elon Musk. If you didn’t already know, Musk has tweeted about Dogecoin several times over the past several years. His participation skyrocketed the value of Meme Crypto.
In March 2021, Musk wrote a tweet asking the media to label future scandals in which he was involved as “elongate”.
If there is ever a scandal involving me, * please * call it elongate
– Elon Musk (@elonmusk) March 25, 2021
Before long, blockchain developers launched Elongate, a “smooth, high-yielding, deflationary coin” based on Binance. The Elongate website claims that this cryptocurrency is designed to act as a bridge between crypto and charity through passive transaction fees and active donations.
Elongate can be purchased on Exchange websites, Pancakeswap and Blockfolio and stored in the MetaMask crypto wallet.
If there’s a crypto for garlic, you can bet there will be a crypto for its best friend, baguettes. Baguette tokens (BGTT) have been baked fresh from the bakery since 2020. The roots lie in a community meme project called ERC-20, a blockchain sales network based on Ethereum.
Baguette Token aims to “bridge the culinary world and the world of cryptocurrency” through its crispy and delicious coins. Since its inception, Baguette Token’s loyal customers have been trading the crypto for a variety of purposes including online shopping, gaming, and income farming.
Baguette token is so popular that it can now be exchanged on ATOMARS and ProBit, the world’s leading cryptocurrency foreign exchange markets. Like Elongate, the coin can be kept in a MetaMask wallet.
Meme cryptocurrencies are on the rise
Meme cryptocurrencies are fun and games, and as the internet continues to produce meme-worthy material, you can be sure that there will be no shortage of meme cryptos.
However, one should note the volatility of the cryptocurrency market. If you are looking to invest in some meme cryptocurrencies, make sure you do enough research on the market before making any money.
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