4 Meme Coins You Should Know About

Meme coins have had a significant effect on the cryptocurrency market since they are now ingrained in the crypto community and are an integral component of the sector.

When Jackson Palmer and Billy Marcus introduced the protocol for the first Dogecoin (DOGE) back in 2013, it appeared as though a crypto subset that would go on to become one of the most explosive ones had been born. The market was completely taken over by the Pepe coin, which appears to be the most recent significant version of the meme coin movement. In a few weeks, the market cap of the cryptocurrency rose from almost nothing to around US$2 billion, creating a large number of billionaires. But just now, the enthusiasm appears to be abating.

The meme coin has lost over 26% only in the last week and is down 70% from its all-time high, which was reached 30 days ago. Without a doubt, it seems like the excitement that swept the market like wildfire a few weeks ago has subsided. However, this does not imply that meme coins are obsolete. As the Pepe coin craze comes to an end, check out these 4 meme coins.

The following meme coins are among the most valuable in terms of market cap and have developed liquidity on both centralized and decentralized exchanges.

1.Dogecoin

Given its position as the undisputed ruler of the meme currency market, DOGE requires no introduction. It has the most established market and is the largest meme coin in terms of total market capitalization. It is actively traded on all significant cryptocurrency exchanges and has more than enough liquidity.

The price of DOGE has remained stagnant for the previous week, but if there is a meme coin to follow, it must undoubtedly be brought up.

The 2013 creation of Dogecoin was intended as a joke, but it quickly gained popularity and support from notable figures like Elon Musk and other celebrities. It belongs on everyone’s meme coin watchlist since it is the founding father of meme currencies.

2.Shiba Inu

Perhaps the second most well-known meme currency and the second-largest in terms of market valuation is Shiba Inu (SHIB).

It first became well-known in 2021 when its market worth surpassed US$70 billion. The cryptocurrency has repeatedly shown that it’s not one to underestimate despite being down 90% since then. SHIB’s price has frequently increased dramatically, often taking investors by surprise.

The team behind it has created a whole ecosystem, tapped into the metaverse, and even released two more tokens, both of which have done rather well since their issuance.

Currently trading flat week over week, SHIB has lost around 12% of its value in the previous month. Because it frequently excludes investors with an expanded move, as we indicated before, tracking the success of this meme currency is crucial.

Unfortunately, the community has seen a significant amount of delays on impending revisions of the protocol over the past several weeks, which appears to have slowed SHIB’s progress. This might also mean that the volatility may increase as the developers fulfill their commitments.

3.Floki Inu

Another dog-inspired meme currency is Floki Inu (FLOKI), although its origin story is different. Once Elon Musk disclosed his choice to name his dog Floki, the group behind it decided to move on. Elon Musk is a key player in several of the initiatives, as is customary in the realm of meme currency. FLOKI is not a unique case.

The team’s extensive advertising effort from back in 2022 helped to distinguish Floki Inu from the other meme currencies.

At one time, in what appeared to be the first commercial meme currency campaign of this sort, London buses were painted and embellished with the project’s trademark.

Riding the wave of the buzz surrounding meme coins, FLOKI frequently takes cues from the actions of its contemporaries, such as SHIB and DOGE. Consequently, when the market remains quiet, it generally signals the beginning of a major shift.

4.Dogelon Mars

A space-themed meme currency called Dogelon Mars (ELON) blatantly disparages Elon Musk and his mission to colonize Mars.

The coin is based on Dogelon Mars, a Shiba Inu dog who aspires to learn more about the universe’s secrets.

Despite this, ELON has managed to amass a market valuation of almost US$110 million as of the time of this writing, effectively placing it in the top 5 of the biggest meme currencies by this criterion.

Although it has dropped by about 17% in the previous month, Elon Musk’s tweets frequently affect its price, so keeping an eye on it would be a smart idea.

Meme coins have had a significant effect on the cryptocurrency market since they are now ingrained in the crypto community and are an integral component of the sector.

When Jackson Palmer and Billy Marcus introduced the protocol for the first Dogecoin (DOGE) back in 2013, it appeared as though a crypto subset that would go on to become one of the most explosive ones had been born. The market was completely taken over by the Pepe coin, which appears to be the most recent significant version of the meme coin movement. In a few weeks, the market cap of the cryptocurrency rose from almost nothing to around US$2 billion, creating a large number of billionaires. But just now, the enthusiasm appears to be abating.

The meme coin has lost over 26% only in the last week and is down 70% from its all-time high, which was reached 30 days ago. Without a doubt, it seems like the excitement that swept the market like wildfire a few weeks ago has subsided. However, this does not imply that meme coins are obsolete. As the Pepe coin craze comes to an end, check out these 4 meme coins.

The following meme coins are among the most valuable in terms of market cap and have developed liquidity on both centralized and decentralized exchanges.

1.Dogecoin

Given its position as the undisputed ruler of the meme currency market, DOGE requires no introduction. It has the most established market and is the largest meme coin in terms of total market capitalization. It is actively traded on all significant cryptocurrency exchanges and has more than enough liquidity.

The price of DOGE has remained stagnant for the previous week, but if there is a meme coin to follow, it must undoubtedly be brought up.

The 2013 creation of Dogecoin was intended as a joke, but it quickly gained popularity and support from notable figures like Elon Musk and other celebrities. It belongs on everyone’s meme coin watchlist since it is the founding father of meme currencies.

2.Shiba Inu

Perhaps the second most well-known meme currency and the second-largest in terms of market valuation is Shiba Inu (SHIB).

It first became well-known in 2021 when its market worth surpassed US$70 billion. The cryptocurrency has repeatedly shown that it’s not one to underestimate despite being down 90% since then. SHIB’s price has frequently increased dramatically, often taking investors by surprise.

The team behind it has created a whole ecosystem, tapped into the metaverse, and even released two more tokens, both of which have done rather well since their issuance.

Currently trading flat week over week, SHIB has lost around 12% of its value in the previous month. Because it frequently excludes investors with an expanded move, as we indicated before, tracking the success of this meme currency is crucial.

Unfortunately, the community has seen a significant amount of delays on impending revisions of the protocol over the past several weeks, which appears to have slowed SHIB’s progress. This might also mean that the volatility may increase as the developers fulfill their commitments.

3.Floki Inu

Another dog-inspired meme currency is Floki Inu (FLOKI), although its origin story is different. Once Elon Musk disclosed his choice to name his dog Floki, the group behind it decided to move on. Elon Musk is a key player in several of the initiatives, as is customary in the realm of meme currency. FLOKI is not a unique case.

The team’s extensive advertising effort from back in 2022 helped to distinguish Floki Inu from the other meme currencies.

At one time, in what appeared to be the first commercial meme currency campaign of this sort, London buses were painted and embellished with the project’s trademark.

Riding the wave of the buzz surrounding meme coins, FLOKI frequently takes cues from the actions of its contemporaries, such as SHIB and DOGE. Consequently, when the market remains quiet, it generally signals the beginning of a major shift.

4.Dogelon Mars

A space-themed meme currency called Dogelon Mars (ELON) blatantly disparages Elon Musk and his mission to colonize Mars.

The coin is based on Dogelon Mars, a Shiba Inu dog who aspires to learn more about the universe’s secrets.

Despite this, ELON has managed to amass a market valuation of almost US$110 million as of the time of this writing, effectively placing it in the top 5 of the biggest meme currencies by this criterion.

Although it has dropped by about 17% in the previous month, Elon Musk’s tweets frequently affect its price, so keeping an eye on it would be a smart idea.