You surely remember entering the social network It was the cover of Dogecoin, a memecoin that skyrocketed by more than 26% in just one day due to Elon Musk’s joke. in recent years Multiple cryptocurrencies have emerged aimed at entertaining investors from memes or jokes shared through social networks. In most cases they were born to make fun of the speculations surrounding the cryptocurrency world, but some later built a more serious project around it. And although it was born as a close alternative to young people who only aim to be ridiculed, memecoins capitalization is no joke: It sells for $31,939 and its capitalization exceeds $62,000; It is just a few digits away from surpassing Bitcoin (66,122).
No memecoin is the same as anotherAt least from a technical perspective. There are some based on game ecosystems (Sponge V2 or Meme Kombat), others they use artificial intelligence Cleaning the cryptocurrency universe from threats (ScottyAi) or They target individual investors looking for significant short-term gains (Mr. Hankey Coin). Some, like Thug Life Token, are trying to create a community among those experiencing decline in the digital currency world. After years of turmoil, memecoins were experiencing an unusually calm moment. Until now. Bitcoin’s ‘halving’ (split in half) has increased the price of the main cryptocurrency and with it revived wildcard digital currencies projects. Below we explain who is behind the top 10 memecoins taking social media by storm:
dogecoin
This is an excellent memecoin and tops the list with a capitalization value of $26,102. Created by software engineers Billy Markus and Jackson Palmer, this cryptocurrency with a shiba inu dog in its logo is considered the first memecoin of all time. Its owners gave birth to Dogecoin in 2013 to have a laugh at the crazy speculations taking place in the cryptocurrency world. Right now It is the second most followed currency on the social network Reddit.where memecoins mainly circulate. Interestingly, the Dogecoin Foundation managed to raise 40 million Dogecoins (about $30,000 at the time) in collaboration with Charity: Water to build a dam on the Tana River (Kenya). This memecoin has experienced many ups and downs in its price due to the influence of businessman Elon Musk, who was accused of manipulating the market because he published ideas on this subject while he had dogecoins.
Dogecoin’s 10th anniversary community celebration is today at 18:00 CST at Spaces @djdoge69 – Join the 10-year Only Do Kindness Every Day event and share your fondest memories remembering where it all began. https://t.co/nSgkoB262d pic.twitter.com/8Jkp9u2dZg
— Dogecoin (@dogecoin) December 6, 2023
Shiba Inu
Shortly after Dogecoin launched, an anonymous developer known as Ryoshi created Shiba Ibu to dethrone the former in 2020. Today, it is the second most important memecoin in the market with a capitalization value of $23,855. In your case the Shiba Inu community developed its own decentralized exchangeIt is called ShibaSwap, an NFT marketplace and metaverse.
We started from the bottom, now we are here pic.twitter.com/6BEGChQdWb
— Shib (@Shibtoken) March 5, 2024
Pepe
Created to honor the character Pepe the FrogA classic internet meme created by Matt Furie that has become the logo of the alt-right for years is a meme coin that runs on the Ethereum blockchain. It was born with the aim of capitalizing on the popularity of this type of coins thanks to a well-known image, it can only be bought, sold or held and stands out for having a tax-free policy. Its capital is 2,191 dollars.
except us $PEPE pic.twitter.com/V1GpjKCDPR
— Pepe (@pepecoineth) March 4, 2024
Damn!
Another memecoin that capitalizes on the image of the Shiba Inu dog but has a capitalization of $2,612. Damn! was born as response to increasing seriousness and solid projects these were starting to fill the memecoin space. In his case, he aims to bring back joy and participation to revive the original spirit of the world of cryptocurrencies and build a group of followers in the Solana ecosystem. This token, which runs on the Solana blockchain, is known for its low-cost and high-speed transactions.
Say BONK now
The dog challenges you
— Bonk! (@bonk_inu) March 4, 2024
dog hat
This is a Solana token featuring the Shiba Inu dog, which was born just four months ago and increased by 2,000% between November and December. This is the fifth memecoin ($1,813) in terms of capitalization and, like other currencies belonging to this space, gaining more than 200% in just one week. This dog in a hat started its journey as a meme in 2019, when a professional player of the video game Fortnite posted a photo of this animal on his Twitter profile. Dogwifhat was was recently listed on the RobinHood exchange asset list for EuropeSomething that helps its price rise rapidly.
WIF. https://t.co/qPdvpjlc3Y
— dogwifcoin (@dogwifcoin) March 2, 2024
Floki
known as ‘The people’s cryptocurrency’ and aims to educate its community about blockchain technology, tools, and digital tokens. Its capitalization from the development of three projects is approximately $1,358. The first of these, Valhalla, is a metaverse where users are represented by NFTs. FlokiPlaces is a space designed to help investors buy physical products with digital currencies, and FlokiFi is a decentralized exchange platform.
Valhalla | Official trailer #1 pic.twitter.com/qDCsGXSi6Y
— FLOKI (@RealFlokiInu) February 15, 2024
memecoin
With a capital value of $508,922, memecoin, which uses the meaning to give itself a name, is one of the best known in the market. According to the official website, “Memecoin is literally a meme coin. No benefits. No roadmap. No promises. No expectation of financial return. Just 100% meme.” Memeland Group is behind the project. Strengthen connections between diverse communities and creators using internet jokes and NFTs. It managed to generate revenues of up to 8 million dollars in the 28-hour private sale held before the launch.
https://t.co/YHvB6VOOry pic.twitter.com/d7kuutx6L0
— Memecoin (@memecoin) May 28, 2023
Baby Doge Money
Baby Doge Coin as in previous cases uses existing Japanese dogs meme to raise price. Baby Doge Coin was developed on Binance Smart Chain with a capital of $339,276 and is a fork of Luckycoin, a defunct cryptocurrency that originated from Litecoin. Unlike Dogecoin, this token resides on its own blockchain network and can be accessed via Ethereum and BNB Chain wallets. Two weeks after its launch, in June 2020, Elon Musk wrote to X about Baby Doge Coin and increased its price by up to 130%.
Victory awaits those who unleash memes! pic.twitter.com/QRLmn8IB7a
— Baby Doge (@BabyDogeCoin) March 3, 2024
MAGA
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This is a memecoin Theme of former President of the United States Donald Trump. In case there is any doubt, its logo on the markets is TRUMP. This token runs on the Ethereum blockchain and has a capitalization of $371,100. Its creators envision MAGA as an experiment where politics, finance and community meet, known as PoliFi. Here investors can bet on the probability of an event occurring, such as Trump’s chances of winning the next presidential election, scheduled for November of this year. It gained more than 700% in value last month, which coincided with the Republican candidate’s most exposure.
An additional $301,925 was added. $TRUMP liquidity pool and burned. pic.twitter.com/CzKqchGIS9
— MAGA Memecoin (@MAGAMemecoin) March 5, 2024
Bone Shiba Exchange
With a capital of $307,249, this governance token in the decentralized ShibaSwap ecosystem. It is based on the Ethereum blockchain network and coexists with other tokens in the Shiba ecosystem, such as the Shiba Inu memecoin. It launched in July 2021 to give the Shiba Inu community, also known as the Shib Army, the ability to vote on proposals and access future NFTs. In this ecosystem, each user’s voting influence is directly proportional to the number of Bone ShibaSwap tokens they own.