Meme coins are tokens that are frequently based on well-known individuals or popular memes. Typically, they don't have any practical use and only have worth in the eyes of the public. The trading volume and market value of popular meme coins have increased as a consequence of investors choosing to acquire these exotic altcoins as a result of crypto aficionados realizing that meme coins offer use and purpose.
Meme coins were the first untested tokens to impulsively join the crypto market. Nonetheless, these "funny" crypto assets quickly established themselves, attracting the interest of even institutional investors. Only a handful of the many new meme coins that are created each day are worthwhile investments. We evaluate the top 10 popular meme coins in this article according to market capitalization. We will delve into meme coins to purchase in 2023 and beyond.
In terms of market value and investor appeal, Dogecoin (DOGE) is the largest meme coin in the world. Its Shiba Inu dog emblem was taken as inspiration from the "doge" meme. With a market valuation of more than US$10.4 billion as of this writing, DOGE is rated by CoinMarketCap as the 9th biggest cryptocurrency.
By market capitalization, Shiba Inu (SHIB) is the second-largest meme currency. Shiba Inu dogs served as inspiration for the coin. Shiba Inu, a highly adaptable currency that was originally designed as a "Dogecoin killer," has its Decentralized Exchange (DEX) called Shibaswap. Users of Shibaswap have the option to acquire NFTs, add to the liquidity pool, swap, join the DAO, and stake SSLP.
Dogelon Mars (ELON) is a joke coin that honors Dogecoin and Elon Musk, one of that cryptocurrency's most ardent fans. The name of the token, which was motivated by the well-known Mars theme, has drawn a lot of interest in a short period. The symbol depicts Elon Musk as a canine exploring the galaxy in search of its home. The token's creators are largely unknown.
A variant of Dogecoin is called BabyDoge. It was made by the Doge online meme community's followers. It was initially intended to increase the speed of transactions made using Dogecoin on the blockchain. Each time a DOGE transaction is completed, BabyDoge is added to the user's wallet. BabyDoge was created using the Binance Smart chain by creators whose identity is still unknown.
The dog-themed meme currency Pitbull (PIT) is supported by the Binance Smart Chain. It is a BEP-20 token that the creators view as a singular social experiment that encourages investors to concentrate on the growth of the community. When transactions are made using PIT, Pitbull has an auto-staking system in place to reward investors.
The cryptocurrency Monacoin (MONA) was developed as a result of cat memes. The crypto platform is now open-source, decentralized, and a P2P payment network. It was introduced in 2014 and was based on the Lyra2RE algorithm. There was no pre-mine procedure. Similar to Dogecoin, which was based on Litecoin, Monacoin was created and can be mined.
One of the most recent additions to the meme currency ecosystem is the Shiba Predator (QOM), also known as the Shiba Doge Predator. The project, which is descended from Dogecoin and Shiba Inu, was introduced in 2022 to compete with the most widely used meme currencies, Shiba Inu (SHIB) and Dogecoin (DOGE). Since its debut, the coin has attracted a respectable amount of attention from investors thanks to the project's aim to redefine and disperse the money in meme tokens.
Another ERC-20 coin that has received a lot of buzz on social media since its introduction in February 2021 is Hoge Finance (HOGE). Despite its short lifespan, HOGE has been able to draw a sizable number of investors and community members who support its goals.
The first high-speed meme coin for smart contracts in the world, Vita Inu (VINU) takes pleasure in this distinction. The non-fungible token (NFT) experience is powered by the token, which also drives the VINU ecosystem, which has a distinctive Metaverse. The currency seeks to operate similarly to well-known joke currencies like Dogecoin and Shiba Inu, but also provides additional utility to increase its value and longevity.
A hard fork of the Nano (XNO) token resulted in the creation of Banano (BAN). Banano, on the other hand, is well known for its quick and cost-free transactions as well as its distinctive design that gives users free BAN tokens. The currency, which utilizes the Nano blockchain, was introduced in 2018 by the Nano developers. As a result, it has several characteristics in common with the Nano currency, including free transactions and fast transfers.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.