Perhaps no other altcoin has had a greater impact on the speculative digital asset markets than Shiba Inu. Between early April and early May of this year, the SHIB token’s price increased 70,000%. While incredibly risky, it begs the obvious question: which meme coins will be Shiba Inu’s successor?
To be fully candid, do not wager money you cannot afford to lose on the next Shiba Inu — or on any cryptocurrency, for that matter. Due to the extreme volatility of virtual currencies, you could lose everything in the blink of an eye. Cryptos can be vicious, however, the bright side is that the risk-reward stories currently favours small investors.
The history of meme cryptos keeps on repeating the same narrative. Get in as early as possible as this gives you the best chance of making ridiculously huge gains.
HUH Token is a new crypto, launching on 6 December, and is designed to increase scarcity through avid holding and locked in liquidity.
What I particularly like about this altcoin is that it will be locking in $1 million worth of liquidity when it launches on popular exchanges PancakeSwap and Uniswap, with $500,000 of liquidity being locked in on each exchange for two years.
HUH Token will also have a capped number of tokens, meaning the number of tokens in circulation will never increase.
The creators say the 1% of HUH Tokens that have been allocated for pre-sale have almost completely sold out, with thousands of holders already investing.
To further enhance investor sentiment, HUH Token is also introducing a referral scheme. Holders that refer others with a unique code will receive 10% of that new investor’s initial investment in Binance (BNB). Furthermore, this code can be used indefinitely, meaning holders can keep generating BNB with each new referral.
Floki Inu has already demonstrated how buying in early can reap huge rewards and HUH Token looks set to try and replicate those astonishing gains.
MonaCoin, which appears to be an open-source peer-to-peer payment network, has had a cult following for years.
What makes MonaCoin appealing is that, in contrast to so many other meme coins, it is priced normally. At the time of writing, MONA is available for just under $1.50.
I understand – many people want to purchase meme coins priced at fractions of a penny, similar to SHIB. In this manner, the law of huge numbers works to your advantage.
However, there are lots of people who are afraid of such absurdly low prices. For them, there is security in an investment that comes at a relatively high cost.
MonaCoin’s history indicates that it came dangerously close to reaching $17 during the 2017 crypto bubble. If MONA were to reclaim that level, it would represent a gain of more than tenfold over the previous price. While it may not be the next Shiba Inu in terms of gains, this cryptocurrency could offer serious gains.
Hoge Finance (HOGE)
As with so many other meme coins, this is my first exposure to Hoge Finance. According to what I understand, the underlying protocol employs a supply burning mechanism to maintain the deflationary nature of the HOGE token.
In theory, this sounds like the polar opposite of the Federal Reserve’s “printing press.”
As a side note, functional economies typically grow as a result of expanding population bases or rising per-capita affluence. As a result, a deflationary currency would stymie an economy unnecessarily. Additionally, rarity does not automatically translate into a high price.
Rather than that, investors (or, more precisely, speculative traders) should examine the technical dynamics of a meme coin to see whether it has the potential to be the next Shiba Inu. What I admire about Hoge Finance is that, like Dogelon Mars, its volume is increasing in relation with its prices.
Take note that during the early October surge, acquisition volume increased in relation with the price increase. Then, during the most recent surge, which ended in mid-October, volume increased significantly. This is the logic I prefer to see before investing my own money in what could be the next Shiba Inu.
Tiger King (TKING)
Tiger King, another deflationary meme coin, is named after the reality television show of the same name. Joe Exotic, the show’s protagonist, promoted the Tiger King token, garnering plenty attention.
As with Hoge Finance, I’ll reiterate the essential cautions. To begin, a deflationary currency is not always an asset, just as an inflating currency is not always desirable if it spirals out of control. Rather than that, the purpose of any currency is to maintain stability. As a result, it earns the trust of its users.
Second, avoid falling victim to the rarity fallacy. Simply because there are few of something does not make it valuable.
Rather than gambling on Tiger King because you believe it could be the next Shiba Inu, gamble on its rational trading trend. During previous rallies, increased volume appears to have been a reliable predictor of rising prices.
One tip, however: I’d wait for TKING to completely collapse before risking any money.
While Americans may not immediately recognise it, Samoyedcoin is yet another canine-themed meme coin. In this situation, we’re referring to the Siberian Samoyed dog breed.
Samoyedcoin is fascinating on a technological level for two reasons. To begin, as I have stated in relation to other probable contenders for the next Shiba Inu, SAMO tokens exhibit a logical correlation between price and volume: as prices climb, volume increases as well.
I repeat mentioning this because when rising prices are combined with diminishing volume, an illogical and probably unsustainable rally results.
Second, the price behaviour of SAMO appears to be forming a bullish pennant. If you have any genuine coins in your sofa, consider investing them in Samoyedcoins rather than a cup of coffee at your neighbourhood cafe.
Follow HUH Token on their Socials before they Launch: