Forget Dogecoin: 5 Meme Coins Reddit is Buying for 2022

In this article, we discuss the 5 meme coins Reddit is buying for 2022. If you want to read our detailed analysis of these coins, go directly to Forget Dogecoin: 10 Meme Coins Reddit is Buying for 2022.

5. Shiba Inu

Shiba Inu is one of the oldest DOGE-inspired meme coins. It features the Shiba Inu breed of dogs, native to Japan, as its mascot. Over the past year, it is one of the meme coins that has gained the most and remains one of the hottest items on Reddit. Shiba Inu was launched in late 2020 by a group of developers known as Ryoshi. Like DOGE, Shiba has risen to prominence by becoming one of the ten largest cryptocurrencies in terms of market capitalization. It briefly attained this honor in October 2021 after the price of the coin increased by more than 1,000% in a matter of weeks, before fading away like other meme coins. 

Shiba Inu initially became popular when Elon Musk tweeted a picture of his dog Floki, which is a Shiba Inu breed. The dog would eventually get its own meme coin but the Shiba Inu coin gained a lot of traction from that tweet. The market cap of Shiba even crossed DOGE at one point last year but has since lagged behind the original meme coin.