September 24, 2023


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Top Best Meme Coins to Invest in Nigeria Now

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Best Meme Coins

Today, we will be looking into the best meme coins that are available for purchase in Nigeria as of the writing of this article.

Meme coins are becoming very popular in the world of cryptocurrency. Many famous people believe that these coins will be successful in the long run.

There are many choices, but it can be hard to know which meme coins to buy, especially if you’re new to this area.

This guide will tell you about some of the best meme coins that are likely to become even more popular in the future, and it will also tell you about the best places to buy meme coins with low fees in Nigeria.

What Are Meme Coins?

Before going into the best meme coins in the Crypto market, it is important we, first of all, know what meme coins are.

Meme coins are digital assets that started as a joke. They began with Dogecoin in 2013, which was meant to make fun of other cryptocurrencies that were becoming popular after Bitcoin.

Now, meme coins have become a social movement and are growing because of social media. They are more about the community and less about practical uses.

Related: What Are Bitcoin Loans

List Of Top 10 Best Meme Coins to Invest in Nigeria

Now that we had briefly explained what meme coins are, let’s look are the top best ones in the table below;

NoBest Meme Coins in NigeriaFeatures
1DogecoinElon Musk’s Favorite Meme Coin
2Shiba InuLeading Cryptocurrency with Increasing Usefulness
3TamadogeRecently Launched Meme Cryptocurrency with Significant Trading Activity
4Akita InuLeading Cryptocurrency with Increasing Practicality
5Samoyed CoinMost Promising Meme Token for Investment in the Solana Platform
6MonacoinUltra-Quick Speed as far as Transaction is concerned
7Dogelon MarsBest Meme Coin With Massive Possibility for Increase
8DogedashLatest P2E-oriented Meme Cryptocurrency
9Dogs of ElonA Leading Choice for NFT Collectors – The Meme Token that Impresses
10Hoge FinanceIn-demand Staking Option among Meme Coins

1. Dogecoin – Elon Musk’s Favorite Meme Coin

Dogecoin is a cheap cryptocurrency that is worth considering. It is the first meme coin and is still popular because of its connection to Elon Musk.

In the past, Musk has tweeted about Dogecoin and said that he likes it. He even wants to launch a satellite using Dogecoin, making it the first cryptocurrency in space. The value of Dogecoin went up 10% when it was announced that Musk bought a big part of Twitter.

Dogecoin has more online fans than any other popular meme cryptocurrency, and if it stays popular with Musk, we may see its value go up again.

If you’re new to meme coins and want to try them out, Dogecoin is a good one to start with, especially in Nigeria.

2. Shiba Inu – Leading Cryptocurrency with Increasing Usefulness

Shiba Inu is a good meme coin to buy for the long term and is considered to be underpriced compared to other cryptocurrencies.

This coin was created in 2020 and was meant to be better than Dogecoin. It uses the image of a Japanese dog breed and is all about being part of a community.

Although it didn’t become more popular than Dogecoin, its value went up by over 21,000% in 2021.

This big increase in value has made Shiba Inu one of the most well-known meme coins.

The team behind Shiba Inu has also been working on new things, like their own exchange and ways for people who own SHIB to earn more cryptocurrency.

The Shiba Inu project is planning to enter the Metaverse soon, with a virtual real estate platform called Shiba Lands. This makes it one of the best meme coins to buy right now in Nigeria.

3. Tamadoge – Recently Launched Meme Cryptocurrency With Significant Trading Activity

Best Meme Coins - Tamadoge

Tamadoge (TAMA) is another top meme coin to consider buying in Nigeria. It’s the native cryptocurrency and utility token of the Tamaverse.

In just eight weeks, TAMA sold out its $19 million presale and then rose in value when it was listed on exchanges, reaching a high of $0.194. This was a nearly 2,000% increase from the presale and a 550% increase from the list price.

TAMA is still a top 10 meme coin by volume and is expected to rise in value when market conditions improve because of its utility.

Tamadoge is different from other meme tokens like Dogecoin and Shiba Inu because it is a multi-utility token that players can use for play-to-earn features.

Tamadoge is also a deflationary token with a maximum supply of 2 billion tokens, unlike Dogecoin which has an unlimited supply.

At the heart of the Tamaverse is Tamadoge pets, which are unique avatars that can be bought, bred, and traded.

Players aim to breed these pets and use them to compete against others to earn points on a monthly leaderboard. The top performers are rewarded with TAMA tokens. When users buy items from the Tama store, 5% of all tokens spent are burned.

Tamadoge was successful in its presale and initial exchange offering despite launching in a bear market. CoinSniper has verified the project, and Solid Proof has completed an audit.

The team behind Tamadoge is also doxxed, meaning their identities are publicly known.

4. Akita Inu – Leading Cryptocurrency With Increasing Practicality

Akita Inu is another meme coin worth paying attention to.

It’s a decentralized community project that runs on the Ethereum network and was developed by a group of meme crypto enthusiasts.

The goal of the project is to bring people with similar interests together and become a leading meme coin.

According to the Akita Inu team, half of their token supply was given to Ethereum co-founder Vitalik Buterin and the rest was added to a UniSwap account for trading.

The project has also expanded its reach by becoming compatible with the Avalanche blockchain.

5. Samoyed Coin – Most Promising Meme Token For Investment In The Solana Platform

Samoyed Coin is also a meme coin worth keeping an eye on.

Launched in April 2021, it was built on the Solana blockchain and created by Solana co-creator Anatoly Yakovenko and Sam Bankman-Fried, owner of the FTX crypto exchange.

The goal of Samoyed Coin is to build an online community and attract more people to the Solana blockchain.

This meme coin is more transparent than other popular dog-themed coins. It also promises faster and cheaper transactions compared to Ethereum-based coins.

Samoyed Coin is designed to be a marketing tool and has been successful in bringing new users to the Solana blockchain. Currently, it’s one of the top five meme tokens in terms of market value.

6. Monacoin – Ultra-Quick Speed As Far As Transaction Is Concerned

MonaCoin is a pioneer in the meme coin industry, established as early as 2013, the same year as Dogecoin.

It stands out with its feline mascot and was first introduced in Japan where it gained a significant following thanks to a well-publicized TV advertising campaign.

As an established token, MonaCoin operates similarly to Dogecoin with a straightforward exchange system and uses a proof-of-work consensus method.

It has found success as a popular choice for online tipping, just like Dogecoin. The crypto project has put an emphasis on community building, and while it remains highly popular in Japan, it has now begun to gain international recognition.

7. Dogelon Mars – Best Meme Coin With Massive Possibility For Increase

Dogelon Mars, named after its association with Dogecoin and Elon Musk, is unapologetically set on emulating Dogecoin’s success.

With a cartoon character as its mascot and its own comic strip, Dogelon Mars is poised to attract the younger online crypto community with its playful branding.

The website’s call to action, “I am Dogelon. Dogelon Mars. Join me, and together we will reach the stars,” speaks volumes about the project’s objectives. It is not trying to be anything other than a simple community-driven project.

8. Dogedash – Latest P2E-Oriented Meme Cryptocurrency

DogeDash is a unique take on the meme crypto genre, using the Binance Smart Chain network to bring back the excitement of classic 90s video games.

In DogeDash, players run through a digital world collecting coins, reminiscent of popular titles like Super Mario and Sonic.

The goal of DogeDash is to get more people interested in crypto gaming and tap into the nostalgic feelings of early gamers.

The project was founded by Paul, a crypto enthusiast, and has a growing team of developers behind it.

9. Dogs of Elon – A Leading Choice for NFT Collectors – The Meme Token That Impresses

Best Meme Coins - Dogs of Elon

The “Dogs of Elon” is a one-of-a-kind meme coin endeavor.

As stated by the project team, “Dogs of Elon” aims to develop a highly sought-after NFT avatar option, paying homage to the CryptoPunks movement. The project features 10,000 distinctive NFTs and is a nod to the Ethereum-based NFT avatar with a K-9 theme.

In addition, “Dogs of Elon” offers exclusive NFT collections featuring 30 Elons and 70 Zombie DOGEs.

Furthermore, the meme coin is expanding into the gaming arena and is actively working on a Play-to-Earn gaming platform.

10. Hoge Finance – In-Demand Staking Option Among Meme Coins

Hoge Finance is our last on the list of the best meme coins.

This meme token introduced in 2021, offers a unique take on DeFi auto-staking with its Ethereum blockchain-based platform.

Unlike most meme tokens that rely on memorable branding and NFT collections to establish a strong community, Hoge Finance stands out with its innovative tokenomics.

Similar to Safemoon, HOGE incentivizes token holders by burning a portion of transaction fees and distributing the remainder to HOGE holders.

This results in a deflationary currency that becomes scarcer over time, as the initial supply of 1 trillion HOGE is the maximum that will ever be in circulation.

Are Meme Coins a Good Investment?

When it comes to the world of meme tokens, it’s crucial to understand that these crypto assets are inherently more uncertain than stable digital currencies.

Despite this, there are opinions from experts who predict a promising future for meme coins like Dogecoin and Shiba Inu in the year 2023.

While some analysts expect a strong performance from specific meme tokens, it’s important to acknowledge the volatility of the crypto market, where significant drops of 40% or more can occur in just a matter of hours with unfavorable news or market sentiment.

Despite this instability, high-potential meme coins present exciting investment opportunities, as they have a tendency to rapidly appreciate, providing ample chance to capitalize on gains before market conditions shift.

What Makes A Meme Coin Valuable?

Branding plays a crucial role in the success of meme coins.

Just like memes, only a select few have managed to establish themselves as timeless classics, despite the abundance of them online.

For a meme token to be successful, it must resonate with its target audience and build a supportive community with substantial influence.

When evaluating the potential of a meme coin, prospective investors can turn to their own instincts.

If the branding appears strong and has the potential to captivate a broad audience, it may be worth considering as an investment option.

However, it’s important to keep in mind that there is limited space for meme coins to reach the same level of popularity as Dogecoin, and identifying the ones that will be successful can be a challenge.

Where To Buy The Best Meme Coins

Best Meme Coins right now

If you’re interested in exploring the world of meme coins, utilizing a crypto exchange is a great place to start.

These specialized platforms provide a convenient and easy way for you to participate in the crypto market from the comfort of your own home, giving you access to a vast array of options to choose from.

Below is a list of the best crypto exchange platforms to buy meme coins from in Nigeria:

  • eToro
  • Coinbase
  • Binance
  • Kraken

Related: Where To Buy Cryptocurrencies In Nigeria

Best Meme Coins – FAQs

Below, you will find some frequently asked questions concerning the best meme coins to go for in Nigeria.

What Are Meme Coins?

Meme coins are a type of cryptocurrency that draw inspiration from internet memes. While a meme can serve as the basis for any meme coin, the majority of the popular ones have a similar theme, which revolves around the Shiba Inu dog breed.

The most renowned meme coin, Dogecoin, started as a joke but has since become one of the most well-known cryptocurrencies, even after almost a decade since its launch. Its market capitalization still places it among the elite cryptocurrencies.

Is Dogecoin Finished?

Throughout the years, numerous individuals have wrongly assumed that Dogecoin was no longer relevant.

However, 2021 demonstrated that the token still has a substantial following and continues to receive support from billionaire Elon Musk of Tesla, indicating that the once-forgotten coin may still have some surprises in store.

What Are The Best Meme Coins To Buy in Nigeria?

This question does not have a definite answer. We suggest conducting thorough research to identify a coin that has the potential for growth. Although, Over the years, Dogecoin has proven to be a reliable performer.

How Do I Find New Meme Coins?

The simple answer for you is just to do some research.

Best Meme Coins in Nigeria – Conclusion

Investing in meme tokens in Nigeria is undeniably a venture fraught with uncertainty. However, many of these projects boast tangible credentials that rival those of established cryptocurrencies and have garnered significant followings online, a promising sign for meme coin investors.

The cryptocurrency market is a game of momentum. If a coin can generate enough buzz and maintain a high profile, there’s a chance it can deliver returns for investors, as evidenced by the success of Dogecoin.

Choosing a winning coin is not a straightforward task. The communities supporting Dogecoin and Shiba Inu have proven their power to drive prices upward, but many of the tokens on the list are unknown quantities, essentially a gamble on their future popularity.

Celebrity endorsements seem to have a greater impact on meme coin prices compared to mainstream tokens.

Predicting when a celebrity endorsement, such as that of Elon Musk, might skyrocket a project’s price, or when negative publicity could cause prices to plummet, is a difficult task.

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