Although technically not one of the newest cryptocurrencies on the market, Dogecoin remains a popular option due to its ‘meme coin’ designation. Investors worldwide continue to buy Dogecoin thanks to its incredible community backing – both on social media and from high-profile names. One of the most prominent names backing DOGE is Elon Musk, who has tweeted about the token numerous times. Dogecoin has been back in the news lately due to the lawsuit against Musk, claiming that DOGE is a ‘pyramid scheme’. However, the case has brought more attention to the token, leading to double-digit gains in recent days. Ultimately, Dogecoin remains one of the best new cryptos for risk-seeking investors looking to achieve market-beating returns.

Yes, Floki Inu is yet another dog-meme-based cryptocurrency, but it’s in the running for viable metaverse crypto — especially for those looking for undervalued cryptocurrencies. The currency is named after Elon Musk’s dog, Shiba Inu — also the name of another crypto project. The project’s website says that it aims to combine memes with real-world use cases. It also says that it will launch a game and an NFT marketplace, as well as a content and education platform. This is a project that is still in the making, but that hasn’t stopped people from buying the FLOKI tokens. Floki Inu has a market cap of $90.53 million and is selling for $0.000009495 as of August 2022