The cryptocurrency investment is not new in the investing world. It’s been around for some time. The first cryptocurrency to be created was Bitcoin. It was created by an unknown person back in 2009 on the heels of the 2008 economic recession. Many investors at wall Street did not believe in a blockchain or digital currency because it was new to them. Since then, a lot has happened in the cryptocurrency space because thousands of cryptos are out there now. The most famous ones are Ethereum, Cardano, Binance, and more. However, Bitcoin owns more than 43% of the whole cryptocurrency market, making it the biggest doge.
Other than Stable or trusted cryptocurrencies, a new class of cryptocurrencies called “Meme Coins” Dogecoin and Shiba Inu are the kings among the meme tokens. These two Tokens created a lot of millionaires in a short time. For instance, one investor bought $16 worth of Shiba Inu back in 2020, and by the time it hits its new all-time high, the investors had almost $6 million in their account. Another investor bought $8000 worth of Shiba Inu and had $5.8 billion at the latest all-time high of Hiba Inu. Since the beginning of 2020, many people have realized that investing in the cryptocurrency market is better than the stock market because Bitcoin has proved to be a better hedge of inflation than the United States Dollar.
Dogecoin was the king of all meme coins in 2020 and early 2021. However, Shiba Inu was the crypto that defined 2022. it made many people millionaires and some billionaires, as stated in the pages above. However, people are still wondering about the meme coins that will define the year 2022. At Bako Invest, we did some research and picked two currencies that we believe will make a lot of people very wealthy in 2022. Here are our two choices.
1. Safemoon is an innovation LLC based in Utah, United States, and focuses on many different projects that many coins/tokens don’t focus on. Safemoon is not listed on any major exchange at the moment. The only way to buy it is by going through Safemoon wallet/or on BitMart. Safemoon has its wallet, own blockchain, and Safemoon exchange coming soon, Project Phoenix, The Gambia Project, Wind Turbines, and more projects that Safemoon is working on. If Safemoon delivers all of these projects, it can become a trillion-dollar company easily.
The Safemoon is a long-term play. However, it will make a lot of noise in 2022 because the Safemoon team announced that they will release the Safemoon exchange and the Blockchain. As the tokens in circulation go down, the cost per token will increase. Here is what I mean for those who are new to Safemoon. Safemoon has a deflationary system called “tokenomics,” It charges 10% in Gas fees.
Here is how the 10% fee is distributed
Reflections: 4% is redistributed to all Safemoon holders. The more tokens you hold, the more passive tokens you get. Please think of this as a passive income we know in the stock market. Think of it as Safemoon pays you for not selling!
LP Acquisition: 3% goes to the locked account
Token Burn: 2% goes to the burn wallet. This two percent will be out the circulation supplies for good. They will never be seen again.
Growth Fund: 1% goes to the growth account. This account helps Safemoon to achieve its goals which are one it will succeed because it has the money and a dedicated team behind it.
Once Safemoon gets on different exchanges, it will burn more coins which will trigger the price upward, and the holders will get a significant reflection because the more extensive the volume, the more tokens they can burn. If Safemoon burns more tokens, the price per token will increase since Safemoon is a deflationary token. What is Safemoon ? The crypto you should have in your portfolio! - YouTube
2. Baby Dogecoin: The baby dogecoin is the second token on our list that we believe will make a lot of noise and many millionaires in 2022. Baby Doge does not have as many projects as Safemoon. However, Baby Doge Coin Army is as strong as more substantial than the Safemoon Army. Here are the reasons why Baby Doge will make noise in 2022. What is Baby Doge Coin? The Crypto you should have in your portfolio - YouTube
Baby Dogecoin charges 10% Gas Fees and here how they Redistributed
Reflection: 5% is redistributed to holders. The more coins you hold, the more reflections you get, just like Safemoon.
Burn Wallet: 5% goes to the burn wallet to never be seen again.
Baby Doge Coin has an auto and Manual Burn System.
Baby Doge has a fast-burning rate than Safemoon because it has an auto and manual burn system. So far, it has burned 41% of its total supply. There is a rumor that Binance might list it. If it does, the reflections will go crazy.
Baby Dogecoin and Safemoon have strong communities behind them. However, Safemoon has more to offer than Baby dogecoin because Safemoon is becoming more than just a cryptocurrency. I will not be shocked if one-day Safemoon list on the New York stock exchanges because it is becoming more like a tech company than a cryptocurrency. This would be an article for another day. Please make sure you subscribe to this blog to get our weekly articles.
The cryptocurrency market has a high risk because it is very volatile. You are advised to do research before investing in crypto assets. However, people would argue that the cryptocurrency market has a high chance of creating more wealth than the stock market because it is still young, and you only lose money if you sell at a loss.
Just a quicky Remind: Bako Invest is not a licensed financial advisory company. Make sure you do your research because everything we write is based on our research and opinions. So, make sure that you do your research and due diligence before investing your hard-earned money.
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