Meme crypto coins have been in the wrath over last year. Hence, it is natural that more and more people are interested in trading crypto and its lineage. However, the cryptocurrency market has many similar features like the various other markets, but not to forget that this market is very uncertain and volatile.
What is the meaning of buying the dip?
Buying crypto in the dip means buying an asset after its price has decreased from an immediate high. It is more like getting hold of a bargain for making money if the price bounces back. Many traders apply the strategy by monitoring particular crypto and purchase while the price falls.
Besides, some traders make a structured approach setting up a specific threshold or percentage of dip to buy a crypto coin. And whenever the price dips the fixed point, they buy and continue investing a fixed amount every month until the market returns to a new high. The concept is that purchasing at a relatively low price may help you gain profit in the long term regardless of any exact technique.
Five best buy the dip meme crypto coins in 2022
Currently, meme coins are getting huge acclamation as meme coins like Shiba Inu made 2021 significant with their growth. It influenced a lot of traders and enthusiasts to pay heed to finding the acknowledged meme crypto coins for making investments.
- Shiba Inu (SHIB)
- Dogelon Mars (ELON)
- SafeMoon Inu (SMI)
- Hoge Finance (HOGE)
- Kangal (KANGAL)
Shiba Inu (SHIB)
Shiba Inu is a robustly community-driven meme coin having strong communities in support. As mentioned above, Shiba Inu is the most advertised meme coin on the market currently and has the highest supply. Due to its fame, the coin is named “Dogecoin killer.” The meme coin Shiba Inu was created from an experiment trying to develop an open community. Then the team of Shiba Inu carried out to commence and make it a cryptocurrency module.
Most special aspect
Shiba Inu is based on Ethereum, which makes it competent along with the extensive ecosystem of Ethereum. Furthermore, ETH is considered the perfect host of Shiba Inu due to its well-built and secured features that kept SHIB decentralized. Also, Shiba Inu is planning to introduce a game Shiboshi Shiba Inu.
Price-performance
Shiba Inu has been trading below the $0.00003500 price area for an extended period. The price is currently residing near the $0.00002682 price area and trying to recover higher. After finding support around the $0.00002100 price area, the price had a daily bullish candle close and still indicating further bullish momentum.
Shiba Inu (SHIB) price prediction 2022
Shiba Inu’s price may reach $0.000600 price area in 2022.
Dogelon Mars (ELON)
The Dogelon Mars is a meme coin hugely admired by crypto followers. The surged value of the Dogelon mars has made it a highly accepted meme coin in the cryptocurrency markets presently. The doge-themed meme coin Dogelon Mars got this acknowledgment since Elon Musk himself tweeted about it.
Most special aspect
The Dogelon mars can potentially discord SHIB due to having the same tokenomics. Also, both of them had majorly done charities to the global companies for reinforcing the objective of making a better place. The Dogelon mars are marketed as an interstellar currency.
Price-performance
ELON is currently trading around the $0.000000855 price area and pushing upside. After bouncing from the $0.000000505 price level, the bulls pushed the price higher quite impulsively and reached the $0.0000001200 price level. However, it failed to break over the $0.0000001200 price area.
Dogelon Mars (ELON) price prediction 2022
ELON may reach the $0.000001800 price area in 2022.
Safe Moon Inu (SMI)
Safe Moon Inu was first introduced in 2021 March. It is fully community-driven. It also features a forthcoming P2E Metaverse gaming token. Recently, it has launched a P2E game named Moonshot Voyage. The Enjin platform backs the game.
Most special aspect
The unique aspect about Safemoon Inu is that it has installed many features to its protocols. Hence, the Safemoon Inu meme coin had gone through further development that the other meme coins on the market lack.
Price-performance
After a significant drop below the $0.000020 price area, SMI still struggles to regain bullish momentum. However, the price faced support around $0.0000060 area several times, which indicates that SMI may recover higher in the coming days.
Safe Moon Inu (SMI) price prediction 2022
SMI may reach the $0.000080 price area in 2022.
Hoge finance (HOGE)
Hoge finance testifies to be the DeFi project operated by the original community. It combines yield farming with the meme aspect utilizing the Ethereum DeFi structure. Users may obtain rewards on holding HOGE. Moreover, Hoge finance presents HOGE moments, an NFT collection available on OpenSea.
Most special aspect
Hoge Finance is a DeFi meme coin based on Ethereum. It affiliates unique tokenomics utilizing smart contracts into every transaction. The most distinctive trait of HOGE is, 2% of the HOGE coin burn after occurring each transaction. Implementing the deflationary term, all of the HOGE supply will be reduced forever.
Price-performance
HOGE price has dropped significantly by the start of this year. The price has been trading below the $0.00020 price area for an extended period. However, the bulls are still optimistic about pushing the price higher in the coming days.
Hoge finance (HOGE) price prediction 2022
HOGE may reach the $0.00080 price area again in 2022.
Kangal (KANGAL)
It is a decentralized autonomous organization that is developing a dApp ecosystem. Kangal promotes a conducting token named KANGAL and TEAK is the utility token. The KANGAL purchase is possible on numerous exchanges, while TEAK is to be minted through staking only.
Most special aspect
Kangal offers a fully functioning application allowing the users to earn TEAK by staking the KANGAL. Moreover, Kangal offers voting rights to KANGAL holders on various programs structuring the upcoming projects since they are also the stakeholders of the Kangal DAO.
Price-performance
KANGAL is currently trading around $0.000009435 price area and trying to climb upside. However, the bulls are still trying to hold the price over the $0.00002800 price area, which indicates an upcoming bullish bias.
Kangal (KANGAL) price prediction 2022
KANGAL may reach a $0.00012 price area in 2022.
Final thought
Finally, the worth of the meme coin may fluctuate because the market is highly volatile. Also, meme coins are positively impacted by public opinions. And, as meme coins have celebrity involvement, both have pros and cons. The coins that are currently gaining rise may fall anytime due to market volatility. And, here comes the method that is ‘buy the dip,’ a notion of buying at a reasonably low price which may elongate the potential of profit-making in the long run.
