Top 10 Meme Coins by Market Cap

Such cryptocurrencies as meme coins represent a rather interesting part of the cryptocurrency world. Originally created by internet users to interact with fellow users, they have become digital tokens with actual value that can be interesting both to have fun with and to invest in. Below, we will take a more detailed look at ten meme coins that have gained the attention of the crypto community.

Dogecoin

Thus, Dogecoin is widely recognized as the first meme token on the market. Launched in 2013 as a joke based on Bitcoin, it uses the Japanese breed dog Shiba Inu to form the ‘Doge’ memes. Of course, Dogecoin was started very sarcastically, but now it is a well-known cryptocurrency, and famous people, including Elon Musk and even the Weather Channel, support it. Tipping creators and charitable foundations is now common since it offers fast transactions and charges minimal fees.

Shiba Inu

Features few decentralized tokens launched in 2020 and growing to rival Dogecoin, Shiba Inu is popular known as the ‘Dogecoin killer.” While Shiba Inu has advantages compared to Dogecoin, such as a DEX in ShibaSwap and extra tokens such as LEASH and BONE. Organized in the so-called “Shib Army,” the coin’s fans actively contributed to its advancement and got the asset included among popular crypto-related coins.

Floki Inu

Like all great meme coins, Floki Inu started as a joke – inspired by Elon Musk’s pet dog and quickly climbed its way up. This coin will strive to be both a meme asset and an actual use case by including elements like NFT platforms and blockchain gaming. Due to its associated real-world marketing approaches, it has created a niche for itself and maintained a dedicated clientele.

SafeMoon

To do so, organizations such as SafeMoon have added some unique tokenomics that should enable them to reward the holders who hold tokens for long. To entice investors to hold SafeMoon tokens the project operates on a transaction fee that sees a portion of the collected value distributed back to investors as well as being burned. Its approach to decentralization is community-driven and that is why it can be considered as a favorite of breakthrough speculative traders and the fans of meme coins.

Akita Inu

Akita Inu is another meme of Bitcoin that has found its place among similar cryptocurrencies. Similar to Shiba Inu, Akita Inu is a token but it has a unique decentralized model coupled with a community emphasis. Developers of a protocol want to design a long-term project that will help build cooperation within the context of the blockchain industry.

Kishu Inu

As much as Kishu Inu builds on the meme coin, it does so with the highest level of integrity and commitment to its community. Initially established with the claim of entertainment and earning, Kishu Inu has features such as passive income for holding and an exchange. The team looks forward more towards the long-term growth and development which has gone a long way in rebranding Kishu Inu coins and earning loyalty from a considerable number of investors.

Hoge Finance (HOGE)

HOGE is an amalgamation of funny meme coins and practical decentralized finance (DeFi). But eradicating inflation, Hoge Finance aims at burning part of every transaction to reduce its supply and therefore its value. They established themselves in a crowded meme coin market with their efforts in charity and awareness programs.

Baby DogeCoin

Baby Doge Coin is a fork of Dogecoin, which is designed specifically for the generation that enjoys using memes. Dogecoin is the main base of this coin but has features of token burning and rewarding of holders. This has primarily been done through social media and partnerships with influencers that have more than amply captured the new investors’ attention.

CateCoin

CateCoin is not the same as other meme coins as it targets meme creators and those interested in meme content. It allow users to make income by creating and sharing memes – which is an interesting opportunity for those who interested in both – creativity and cryptocurrency. CateCoin’s way of communicating with its audience has made it different from competitors in the meme coin niche.

MonaCoin

MonaCoin is one the oldest meme coins and it originates from Japan. Its design was based on an ASCII art character, and it was launched well before most of the more recent meme coins, and has been adopted by the Japanese cryptocurrency community. MonaCoin has remained relevant and showed that meme coins can actually be used in real-life applications that keep it functioning in the market.

Conclusion

The success of meme coins is a good testimony that dealing in cryptocurrencies can be fun and effective. The articles mention Dogecoin, which started as a meme-based currency, Shiba Inu which aims at creating an ecosystem around the coin, and SafeMoon token, which has unique tokenomics. However, the popularity of which they are a part of also brings considerable risk making them a fascinating aspect of the crypto space. Altafin always recommends his followers to do their research before investing in the meme coin market since they can be as fluid as they are fascinating.