Joe Parys, a widely followed cryptocurrency analyst, explained in his video “THIS MEME COINS ARE ABOUT EXPLOSION”, 3 meme cryptocurrencies in 2021 with strong fundamentals, valid use cases and huge upside potential.
Shiba Inu (SHIB)
First on the list is Shiba Inu (SHIB), one of the first meme cryptocurrencies. Although the cryptocurrency recorded parabolic growth in 2021, the trader believes that SHIB can still continue its upward trend with 100x growth.
Shiba Inu is an Ethereum-based altcoin that features the Shiba Inu, a Japanese hunting dog breed, as its mascot. The Shiba Inu is widely considered an alternative to Dogecoin; even Shiba Inu’s advocates are touting him as the “Dogecoin killer”. According to the analyst, the Shiba Inu website aims to bring SHIBA INU communities to the NFT market and invites dog-inspired artists from all over the world to promote the “artistic Shiba movement.”
Recently, Shiba Inu recently entered into an agreement with the first trading platform to accept SHIB as a form of payment. After considering SHIBarmy’s wishes, AMC Entertainment added Shiba Inu to the list of cryptocurrencies they would like to accept and said that they are working on it.
SafeMoon (SAFEMOON)
SafeMoon (SAFEMOON) is second on the list. According to Parys, SafeMoon has three functions that occur during each transaction: Reflection, Obtain LP and Burn.
The SafeMoon ecosystem also includes an upcoming exchange focused on delivering a “tokenomic/token economy” to the cryptocurrency industry. SafeMoon also plans to launch an NTF (non-fungible token) exchange, alongside charitable projects and crypto education apps. The analyst thinks that these developments may lead to explosions in the price of the meme coin.
Floki Inu (FLOKI)
Last on the list is a cryptocurrency produced by fans and members of the Shiba Inu community, inspired by the name of Elon Musk’s own Shiba Inu. Floki Inu (FLOKI) exists.
Although Floki Inu is a meme coin, the platform is known for its constant developments. Working hard also in terms of project development, the team plans to position FLOKI as a “utility-oriented meme coin” with a “great community” and “solid utility”.
“This meme coin has made a living of its own and has grown to a market cap of $2.2 billion. As the project matures, the team is making some changes as they continue to aim for mainstream adoption.”
The team has also embarked on a major marketing campaign. This includes rebranding the website as Floki.com and gaining more visibility in London with a campaign at Heathrow Airport.
Parys points out that the Floki Inu team wants to attract users from outside the cryptocurrency industry to the platform with the NFT game, which also gives users the opportunity to receive payments. The developers of the platform are working on an “NFT game metaverse” called Valhalla. And the crypto strategist points out that Floki investors seem to be keeping their eyes on the prize, as Floki points to the launch of Valhalla, a “play-to-win” NFT gaming metaverse.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.