Memecoins have always been a great asset for those who want to quickly cash in on the changing emotions of the market. Tokens such as Floki Inu, Dogelon Mars, and Safemoon Inu have gained traction in the market long enough for investors to consider them valuable investments. However, the new Memecoin price predictions say otherwise.
The bear market has made people realize the value of looking at their investments more sparingly. And even though memecoins have the potential to create massive upsides for everyone, they started to lose traction when the crypto winter hit.
Memecoins are trying to find a better footing this year
Here are the tokens that have had a terrible hit lately
Floki Inu: Memecoin took massive plunges after entering bear market
Floki Inu is a dog-themed meme coin in the same vein as Dogecoin. It’s hailed as a move and pays homage to Elon Musk’s Shiba Inu.
Like many memecoins before it, Floki Inu saw a massive 5700x surge in November last year. And unlike other tokens of the same nature, it retreated at a slow pace.
However, this was nonetheless a reversal and the value of the token began to drop rapidly. It bottomed out in the bears after June and has since moved sideways from $0.0000110 to $0.0000115. Compared to other tokens, it’s still a respectable position in the market, in part because of the developers’ metaverse plans behind it. However, its overall value is still low.
Your capital is in danger
Dogelon Mars: A memecoin riding the wave of popularity of musk
Dogelon mars is another memecoin that has become popular because it is inspired not only by the image of Elon Musk, but also by his aspirations. Dogelon Mars has a great history – which is perhaps one of the main reasons the crypto has done well.
It is one of the few cryptos in the market that has seen a sharp rise in price trends this year. However, it was corrected after the bear market arrived. At the time of writing, Dogelon Mars (ELON) was ranked 137th on CoinMarketCap.
Your capital is in danger
Safemoon Inu: Memecoin and game token withstand winter
Safemoon Inu is a meme token and gaming cryptocurrency that has tried to be different from the established norms by creating a gaming platform to earn. The community-supported token has seen many rises this year (not massive ones) because the community strives to give it more utility through games.
The project called “Moonshot voyage” is on the way, and it will impact the price.
As of this writing, Safemoon INU is trading at $0.000006.
Memecoin Price Predictions: Tamadoge Will Surpass Them All
Tamadoge is a memecoin that embraced utility from the start. The token powers the Tamadoge gaming ecosystem that will allow players to purchase Tamadoge Pets NFTs, use them in fighting games, and earn tokens. It is slowly becoming one of the best memecoins as the developers have a clear vision of integrating NFTs with existing metaverses.
Unlike other cryptos on this list, for whom the realization of adding utility came too late, Tamadoge enters the market in the right way. It is currently in its beta-pre-sale phase.
The token has a lot of potential and will likely overtake most memecoins currently on the market.
Your capital is in danger
Conclusion
Memecoin prices have always been difficult to predict as their value can change drastically due to social media posts and community response. However, Tamadoge is there to circumvent all that. It provides a robust roadmap for users and offers a utility that users can rely on. Therefore, our memecoin price prediction indicates that it will likely surpass the likes of Floki INU, Dogelon Mars, and Shiba Inu.
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