The crypto market is extremely volatile, and cryptocurrencies that make it big can become shitcoins not a week later, hence on today’s article we will be considering the Top 10 Fast Rising Shitcoins in 2022. However, some of those crypto coins and tokens manage to stay on top. Crypto investors are always on the lookout for surging cryptocurrencies, regardless of where those digital assets end up after their trip to the moon.
What are Shitcoins?
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The term ‘shitcoin’ is subjective and can refer to cryptocurrencies with no obvious function, or meme tokens. The term is also used to describe potentially undervalued projects or those with a low market cap of less than 1 billion dollars.
Whether you want to find the next cryptocurrency to explode in 2022 or just want to diversify your portfolio with some high-risk, high-reward digital assets, the cryptocurrencies on this list will be perfect for you. Investing in shitcoins has the potential to provide substantial returns. As for Shiba Inu, the second most popular shitcoin, you would have raised your investment by more than 20800000 percent by the end of the year if you had invested.
Put another way, shitcoins will help you increase your investment by as much as 1,000-fold in the shortest amount of time imaginable. Take note that shitcoin prices are far more likely to plummet than to soar by a millionfold. It’s crucial to find and acquire the greatest shitcoins early to take advantage of the huge value increases achieved by meme coins.
Top 10 Fast Rising Shitcoins in 2022
When crypto investors want to think outside the box, alongside a higher appetite for risk, they are sometimes led to shitcoins.
With this in mind, below we’ve included a quick-view list of the top 10 fast rising shitcoins to in 2022.
1. Shiba Inu
Shiba Inu is a great example of a meme coin that has managed to carve out a sizable niche for itself in a short period of time. Although it does not have any fundamental value, SHIB managed to capture the hearts of many fans and crypto enthusiasts, and has seen a lot of success in 2021.
There were a lot of people expecting this cryptocurrency to fall into obscurity after its first successful trip to the moon, but it managed to repeat the journey again in the fall of 2021. Will it be able to retake, and overtake, its previous highs again? Only time will tell, but we are currently bullish on it. After all, this is one of those digital assets that can benefit the most from any hype on the crypto market.
2. Dogecoin
In 2022, Dogecoin will be the best shitcoin to invest in.
Dogecoin is the oldest and one of the most respected shitcoins, having been launched in 2013. For this reason, we’ve included it in our list of shitcoins to invest in in 2022, as it boasts a 25000 percent return on investment (ROI). Elon Musk and Mark Cuban, two of the world’s most well-known billionaires in the cryptocurrency industry, are among its supporters.
To show its resiliency, Dogecoin has survived almost every crypto market downturn, particularly in 2017 and 2021. To put it another way, Dogecoin is less likely than newer meme shitcoins like the well-known Squid Game shitcoin to drop to zero and join the expanding pile of dead shitcoin.
3. Apecoin – New Crypto With Gaming and Commerce Use Cases
Apecoin which was launched in 2022 by the team behind Bored Ape Yacht Club is among the list of Top 10 Fast Rising Shitcoins in 2022. For those unaware, this is a platform that’s made up of 10,000 one-of-a-kind collectible Bored Ape non-fungible tokens (NFTs).
ApeCoin is an ERC-20 cryptocurrency with governance and utility features. This top shitcoin’s price was at around $6.50 when it was first launched in March 2022. Within hours, APE tokens were trading for around $40 apiece – before coming back to earth. Within two days, Apecoin was trading at $17.75. At the time of writing, the shitcoin’s price is around 60% below this figure.
4. Decentraland
Decentraland is 4th on the list of the Top 10 Fast Rising Shitcoins in 2022. It is a virtual reality gaming platform based on the Ethereum blockchain. The application allows users to create any programs which can be used in gaming reality and monetized. The project has virtual land plots called simply LAND, where users build objects and live in this virtual world. To serve the platform, the MANA cryptocurrency was developed.
The project’s prospects could make the investment profitable. Low volatility, the development team’s active participation in promoting the virtual world, and users’ interest in the economic aspects of the game make the Decentraland (MANA) asset more attractive.
5. Cardano
The Ethereum blockchain, which aims to create smart contracts, decentralized applications (dApps), and financial instruments, regularly competes with other projects. In 2017, the Cardano network with its ADA coin was launched. Developers use a scientific and methodological approach, create new technologies, and constantly expand the platform’s functionality. Cardano is one of the fastest-growing blockchain platforms. The World Economic Forum considers it one of the most scalable blockchains.
In 2021, the coin’s price rose more than elevenfold. However, the most crucial is that ADA maintains the level of trading rates it reached during the first bull run of 2021.
6. Monacoin — Most Popular Token for Fast Online Payments and Tipping
Another token on this list, Monacoin which is one Top 10 Fast Rising Shitcoins in 2022, was developed as an alternative to online payments. In Japan, this shitcoin is the earliest decentralized cryptocurrency, having been established in January 2014.
Although there was little to no trading activity following the coin’s inception, MONA prices soared by more than 20000 percent at the peak of the crypto market boom in 2017 to reach the current ATH of $20.
7. Synthetix – Best Cryptocurrency to Trade Synthetic Assets via the Blockchain
Synthetix, originally called Havven, was designed as a decentralized stable coin and payment network, so the project is essentially a peer-to-peer electronic cash system. Synthetix is a cryptocurrency mining program that also provides exposure to real-world commodities, stocks, and other assets. The Synthetix token (SNX) is used as collateral for Synths that have been issued.
When you buy this shitcoin, it is locked in a specific contract that allows you to use it to collateralize an asset on Synthetix. In other words, you can trade synthetic versions of real-world assets without taking direct ownership. This is a small-cap shitcoin with a market capitalization of under $650 million at the time of writing.
8. Dogelon Mars
A Meme Coin with Great Potential and Community: Dogelon Mars.
Dogelon When Mars, a meme currency inspired by the success of Dogecoin, Elon Musk, and Mars, was introduced in May 2021, it alluded to the upward value growth the meme coin anticipates going ahead.
The price of Dogelon Mars tokens surged 30000 percent in the first three weeks after this introduction. Attempting yet another rise in August resulted in a 55000% increase in the initial price, but the increase was short-lived as well.
Our ranking of the greatest shitcoins for 2022 includes it since it hasn’t yet been fully used. On social media networks such as Twitter, Telegram, and Reddit, the meme currency has gained a following of more over 500,000 people.
9. SafeMoon — A Community-Driven Meme and a Gaming Token — SafeMoon
SafeMoon Inu, a shitcoin introduced in May of 2021, is based on the lunar calendar. It’s like Shiba Inu to Dogecoin: an opportunistic crypto project that capitalizes on the success of the more popular currency.
As a result, early in the year of 2021, the price surge that had been underway came to a halt. However, during the November mini-rally, the meme currency got its time in the spotlight as it skyrocketed and expanded its initial price by more than 20000 percent.
Because of the dwindling cryptocurrency market, SafeMoon Inu has lost more than 95% of its peak value since then. Despite the shitcoin’s decline in value, SafeMoon Inu has gained a loyal following and piqued the curiosity of investors, as indicated by the steadily increasing daily trading volumes.
10. PancakeSwap
PancakeSwap has recently started rising again — both in terms of price and trading volume. The interest in this cryptocurrency is definitely rising, and when it comes to crypto, an increase in interest often leads to a price rally.
CAKE powers PancakeSwap, a decentralized exchange that uses an AMM (automated market maker) that allows users to trade against a liquidity pool. The platform also offers staking, lotteries, and more. The PancakeSwap project shows a lot of promise, and has a chance to moon in 2022.
Parting Words on The Top 10 Fast Rising Shitcoins in 2022 to Buy
If you are looking for the best shitcoin to buy as a short-term trader, you could strike lucky, That is to say, shitcoins are risky, and therefore the reward could be sky-high.
Using the poster child for meme tokens – Dogecoin, as our example; had you opted to buy DOGE tokens on January 1st, 2021 and timed it perfectly by cashing out on May 8th, 2021, you would have been looking at gains of around 14,700%.
