Widely-followed analyst Joe Parys unveils 3 meme coins with strong fundamentals and valid use cases that possess massive upside potential in 2021.
Shiba Inu (SHIB)
First on the list is Shiba Inu (SHIB). While the coin has made parabolic growth in 2021, the trader shares that SHIB still remains bullish with 100x growth.
Shiba Inu is an Ethereum-based altcoin that features the Shiba Inu, a Japanese breed of hunting dog, as its mascot. Shiba Inu is widely considered to be an alternative to Dogecoin; in fact, proponents of Shiba Inu tout it as the “Dogecoin killer.” According to the trader, the Shiba Inu website invites dog-inspired artists from all over the world to foster the “artistic Shiba movement” as they bring their SHIBA INU community into the NFT market.
Recently, Shiba Inu has just landed its first merchant that accepts SHIB as a form of payment. In particular, AMC Entertainment is looking at adding Shiba Inu to the roster of cryptocurrencies it wants to accept, after listening to the wishes of the SHIBarmy.
Safemoon (SAFEMOON)
Next on the list is Safemoon (SAFEMOON). According to Parys, SafeMoon has three functions that take place during each trade: Reflection, LP Acquisition and Burn.
The SafeMoon ecosystem also extends to a soon-to-be-launched exchange that is focused on delivering “tokenomics” to the cryptocurrency industry. Moreover, SafeMoon plans to develop a non-fungible token exchange, as well as charity projects and crypto educational apps.
Floki Inu (FLOKI)
Last on the list is Floki Inu (FLOKI), a crypto coin birthed by fans and members of the Shiba Inu community, and inspired by Elon Musk’s very own Shiba Inu.
“This meme coin has taken on a life of its own and has risen to a market cap of $2.2 billion. As the project matures, the team is making some changes as they continue to target mainstream adoption.”
Parys points out that the Floki Inu team is looking to attract users from outside of the cryptocurrency industry with its NFT game that also gives users the opportunity to get paid. They have also been embarking on a marketing blitz, one that includes rebranding the website to Floki.com and gaining more exposure in London, including a campaign at the Heathrow Airport.
The crypto KOL highlights that Floki investors seem to have their eye on the prize as Floki is hinting at the launch of Valhalla, which is a “play-to-earn NFT gaming metaverse”.
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