Memecoins deserve particular attention from crypto-savvy enthusiasts because they are not problem-focused like other currencies with straightforward utility but built around a like-minded community of individuals.
Sure, initially, most such coins were either created as a joke or derived from popular memes, lacking any actual application, inevitably leading to constant volatility.
However, ever since the NFT boom of 2021, which showed the world the true power of the community, more exciting new projects have started to appear, with more venture capitalists beginning to explore this new side of crypto. Keeping this in mind, let’s discuss the top-three hottest memecoin projects up to date.
When it’s all coming together
Mehracki ($MKI) is a community-driven memecoin powered by the Solana blockchain that has only recently entered the scene but is making a lot of justifiable noise. It is no ordinary project that utilises a simple yet fundamentally novel idea: a memecoin with real-world utility. This real-world application revolves around low-cost, quick, and borderless transactions. The primary objective is to open up the hospitality and tourism industry to everyone around the clock.
In order to assist users in their exciting journey, the project introduced a native token, MKI. Apart from employing this token to earn rewards, exchange (NFTs), and participate in DAO (decentralised autonomous organisation), users of this token will have unique access to a marketplace where tourist and hospitality enterprises can interact without intermediaries.
And let’s not forget about the project’s noble goal of promoting health and a high-quality lifestyle through memes, travels, and experiences, ultimately creating memories for millions of users, all with blockchain technology serving as the primary catalyst of this project.
If you are still hesitant, here are some raw statistics to consider.
In 2019, the travel and tourism industry contributed more than 10% to the global (GDP), solidifying its strength as one of the world’s most influential and significant industries. To access this industry, Mehracki will capitalise on the limitations of payment systems and the dissatisfaction of businesses in the area.
Considering the last two years people spent in captivity because of covid restrictions, the MKIs total supply of 1,000,000,000,000 might run out sooner than expected.
The community reacts
MRI, Marshall Rogan Inu, named after Joe Rogan’s dog, is another community-driven token to revolutionise MMA sponsorship. MMA is a relatively low-paid sport with fighters getting injured left and right, which compels them to earn money on the side just to keep grinding.
The team behind the project pledged to support MMA fighters in reaching their full potential, including handling the financial aspects of the fighters, allowing them time to focus on fighting only.
Although a relatively new market concept, this token has all the potential to earn its rightful place among the top memecoins. The main reason is the initial strong support expressed by the community of UFC enthusiasts and crypto aficionados alike.
Where it lacks real-life utility, MRI fairly compensates with massive support from the UFC fans, and a $10 billion UFC company valuation is a definite plus. So far, crypto and UFC have been only pen pals when it comes to fighters’ sponsorship, but with MRI, the dynamic of this relationship might change drastically.
Further, considering that summer is typically the hottest time for the UFC championships and that MRIs price has dropped by 50% in the past month, currently fluctuating at the 0.245 mark, this token should be on your radar in the next couple of weeks.
God Doge Or Go Broke
Last but not least is a living legend of the crypto world and the 10th largest cryptocurrency by market capitalisation, the very embodiment of the word community, no one other than DogeCoin (DOGE) itself.
Without delving into details, there is a straightforward reason everyone should take this token seriously: DOGE has some very prominent patrons willing to support its development.
Namely, one person is Elon Musk, who vowed to accept DogeCoin for buying Teslas very soon and make it a payment method for certain Twitter features (if indeed he would be able to secure the deal).
However, the cherry on top is Vitalik Buterin, the co-founder of Ethereum, who promised the DOGE community last summer that he would act as the primary advisor and mentor for the project’s future. With such venerable supporters behind it, DogeCoin will surely continue to surprise everyone.