The crypto winter 2022 has gained a foothold as everyone eagerly awaits the bulls to take action and save the market. There are more red candles than green candles, and the wait seems interminable. Meme tokens have proven to be a good trade and hold option over time, and for the crypto winter 2022, it would be necessary to research meme tokens that could add heat to the winter. Dogecoin (DOGE), Dogelon Mars (ELON), and Roboape (RBA) are three meme tokens discussed in this article.
Dogecoin (DOGE) was founded by Jackson Palmer and Billy Markus as a decentralized cryptocurrency, which was inspired by the Shiba Inu dog logo. Dogecoin (DOGE) is a meme token and an altcoin that could serve traders and investors in the crypto winter 2022. Its technology is built around the Litecoin ecosystem and uses the scrypt algorithm. Dogecoin (DOGE) is inflationary and has an infinite supply, but it claims to be quicker, more flexible, and consumer-friendly than most deflationary cryptocurrencies. \
DOGE can be bought or sold on cryptocurrency exchanges and saved in a Dogecoin (DOGE) wallet provided by the exchanges or the Dogecoin (DOGE) ecosystem. Dogecoin (DOGE) was not intended to have any real significance other than being a decentralized payment system; however, with a thriving community, new use cases for it were developed. Dogecoin (DOGE) has become a tipping coin on social media platforms like Reddit due to these new use cases.
Dogelon Mars (ELON)
Dogelon Mars (ELON) is a meme token referring to Elon Musk’s idea of travelling to and controlling Mars. Dogelon Mars (ELON) is a dog-themed ERC-20 token with a total supply of 1,000,000,000,000,000 ELON. This meme is also closely related to Dogecoin (DOGE).
As we are currently in a crypto winter 2022, Dogelon Mars (ELON) can be bought on a DEx or obtained as a reward from Vitalik Buterin to a Metamask wallet or other Dogelon Mars (ELON) compatible wallet. To purchase Dogelon Mars (ELON) using metamask, a MetaMask Wallet is created on any device of choice using the setup instructions. The Metamask wallet will enable the purchased Dogelon Mars (ELON) token to be sent, bought, sold, and even received.
RoboApe (RBA) is a deflationary Ethereum-based ERC-20 meme token that provides a lower transaction fee on the RoboApe (RBA) ecosystem, which could be what the crypto winter 2022 needs. Its deflationary mechanism allows for a reduction in transaction costs by removing RBA tokens from circulation. RoboApe (RBA) will operate as a community-driven decentralized platform; when fully launched, no leadership roles will be assigned. The goal is to create a setting where the team and the participants are seen as one.
The ecosystem seeks to accomplish and establish good opportunities for its community to generate income and yields with RoboApe (RBA) DeFi products and DAO structure. The RoboApe (RBA) community-driven DAO (Decentralized Autonomous Organization) will provide development strategies to the ecosystem and make decisions that will benefit the community.
An automated and fair framework for organizing, financing, and expressing points of view will be used to improve the consensus mechanism. To assist developers in their efforts and empower the community for cooperative growth, RoboApe (RBA) ecosystem will set up an approach for individual rights, primarily through voting.
What else can be said? Many traders’ and investors’ portfolios have been dragged through the mud by the crypto winter 2022. However, as meme tokens make waves in the cryptocurrency market, they have a chance to be given attention in the current market downturn.