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The rising popularity of joke currencies within a short amount of time has caused a buzz among investors 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 capitalisations drawing attention from investors.
Below are some of the best meme coins to add to your December portfolio.
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 coin’s moving average convergence and divergence (MACD) trend line depicts a strong sell signal. The low cost of Dogecoin presents an opportunity for investors who want to make substantial gains from low-cap assets.
Dogecoin’s hike in price was due to several factors that served as an influence. Top among them was the constant support the coin got from backing by Elon Musk.
The tech billionaire has raised the possibility of Dogecoin becoming an actual currency. The persistent tweets by the tech entrepreneur pushed Dogecoin up by 9000%, making it one of the fastest-growing crypto assets.
2. Shiba Inu (SHIB)
This December, Shiba Inu is another meme coin to buy in the crypto market. The digital currency was created by an anonymous developer known as Ryoshi in August of 2020. The coin is termed a rival to Dogecoin and is commonly referred to as the “Dogecoin Killer”.
The dog-themed coin 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 currency is currently trading at $0.00004432, 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.
Meanwhile, the adoption of Shiba Inu is expected to rise as the CEO of the world’s largest movie exhibition company, AMC Entertainment, Adam Aron claimed that payment service provider Bitpay has agreed to support the meme cryptocurrency at his request.
Aron also announced via Twitter AMC will be able to take SHIB for online payments of movie tickets and concessions in about 60 to 120 days.
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.
The asset 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 show a sell signal. On the other hand, 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 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 show 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.
The asset 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 currency 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 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 now 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.
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