Meme Crypto is the buzzword in the markets right now. So, why not talk about the Top 5 Meme Cryptocurrencies, and the milestones these memes have achieved. It is a very brilliant market strategy really. To get the attention of the people to a coin or a token. It all started with DogeCoin and the world’s biggest crypto influencer, Elon Musk. Elon Musk has been promoting Dogecoin for long now, by sharing its memes or acknowledging the fact that he holds the coin in public. And since then, Doge has been on a smooth ride, so much so that it made it to the Top 10 most valued crypto in the world. And since Dogecoin’s astounding success, there are several other coins that followed the trend.
Shiba Inu is the latest one in the news currently, for its mind-boggling success in the markets. You’ll get to read about it further in the article. So browse through.
Below you can find the Top 5 “Meme” cryptocurrencies by Market Value:
1. Shiba Inu
Token Name: SHIB Price: $0.00007146 MV: $39.2 Billion
Shiba Inu has come into the news only recently. Popularised as a meme coin Shiba Inu is the most valued “meme” crypto and the 9th largest crypto in the world. Shiba Inu is a breed of dog. It was launched in the year 2020 and since its launch, the real growth of the coin started in the month of April alone with DogeCoin. When Elon Musk started sharing DogeCoin memes from his official Twitter account. Which triggered a massive rally in all the meme coins.
50% of Shiba Inu coins were given to Ethereum co-founder Vitalik Buterin, and the other 50% is locked with Uniswap. Which helps in managing the liquidity of the coin. Shiba Inu has given massive returns to its investors in the year 2021. Although the future of the coin is very much unpredictable.
Token Name: DOGE Price: $0.272 MV: $35.5 Billion
DogeCoin currently is the second most valued “meme” cryptocurrency in the market. The term “meme” crypto was derived from DogeCoin. It was promoted largely by the biggest crypto influencer Elon Musk through his personal Twitter account which gave its valuations a major boost. Its name is derived from Shiba Inu which is a breed of a Japanese Dog and a crypto coin about which we have discussed above.
DogeCoin has received immense success and public interest for its blockchain network. The DogeCoin network also provides secure wallet services to its users. It has two different kinds of wallets MultiDoge and Dogecoin Core. DogeCoin is well known for its fun and vibrant community which is one of the most active crypto communities in the world.
3. Dogelon Mars
Token Name: ELON Price: $0.000002138 MV: $1.12 Billion
As the name suggests Dogelon Mars is a meme based on rocket maker Elon Musk’s mission to take life to Mars. And, as big as that mission was, Dogelon Mars gained enough attention through this strategy to bring it under Top 100 Crypto by Market Value. Dogeelon Mars currently stands at the 93rd position on that list.
Just like Shiba Inu, 50% of ELON tokens were given to Ethereum co-founder Vitalik Buterin who later donated them to a charity. And the other half was safely locked with Uniswap to provide liquidity to the token.
4. Samoyed Coid
Token Name: SAMO Price: $0.1431 MV: $375 Million
The samoyed or самоед is a breed of dog originating from Eastern Europe, same as Solana’s cofounder Anatoly Yakovenko. Samoyed Coin started off as just a “meme coin” in the beginning. But it has now become an ambassador to the Solana Project. Solana is the 6th most valued crypto in the world, with a market cap of $61.6 Billion. Samoyed is just a marketing product of Solana today, that helps drive new users to the Solana network.
Although it comes under Top 5 meme cryptos, it is nowhere close to the coins over it. As it ranks at 243 in the overall crypto market.
5. Hoge Finance
Token Name: HOGE Price: $0.0007804 MV: $297 Million
Hoge Finance is a community-owned token unlike the rest on the list.
It ranks at 262 in the crypto markets with a valuation of $297 Million. Hige Finance portrays a dog on its HOGE Token. It lets users buy and sell their NFTs (Non-Fungible Tokens) via its platform. It has 65k unitholders. And Hoge charges a 2% transaction fee as a tax, which is credited to the unitholders and to the burn address. As it asks its users to hold the token for longer periods of time. Other than being a normal token, it also conducts a lot of events, games, awards, etc.
These were the Top 5 Meme cryptocurrencies. Some other meme cryptos are Tiger King(TKING), Mona coin(MONA), SafeMoon Inu(SMI), and Cum Rocket(CUMMIES). There are hundreds and thousands of meme cryptos available in the market. But the Top 5 most valuable meme coins have been explained above. The Meme coins are going through a trend at the moment. And only time can tell how long the trend will last.