Top 20 Meme coins
A meme coin denotes a form of cryptocurrency that has its origins rooted in an Internet meme or exhibits distinctive humorous qualities. Such coins are typically created as jest or with the intention of broadening the reach of cryptocurrency by appealing to a wider audience.
In 2013, Billy Markus and Jackson Palmer collaborated to develop Dogecoin (DOGE), a decentralized digital currency based on an open-source platform. Dogecoin creatively incorporated the popular “Doge” meme, featuring the Shiba Inu dog breed. It was designed to function as a peer-to-peer electronic payment system, allowing direct online transactions between users without the need for intermediaries.
While Dogecoin has amassed a staggering following and flexes a market worth of over a whopping $10 billion, its price is a wild beast prone to merciless fluctuations. Roaring to its peak in May 2021, it soared triumphantly at an all-time high of $0.74. But alas, since then, it has retreated, settling into a somewhat tamed state, gripping the market at around a modest $0.06.
An intriguing facet of Dogecoin pertains to its utilization in philanthropic endeavors. The cryptocurrency has proven instrumental in raising substantial funds for charitable causes, exemplified by its support for initiatives like backing the Jamaican bobsled team and providing aid for the water crisis in Flint, Michigan.
Shiba Inu (SHIB) is a decentralized cryptocurrency that was introduced in August 2020. It operates as an ERC-20 token, utilizing the Ethereum blockchain. This meme coin was created as a rival to Dogecoin.
Half of the SHIB tokens, which had a total quantity of 1 quadrillion, were destroyed, while the other half was first delivered to Vitalik Buterin, the co-creator of Ethereum. Later on, Buterin chose to burn 90% of the SHIB tokens he received, resulting in 549 trillion tokens currently in circulation.
SHIB can be utilized for purchasing goods and services on various platforms, including ShibaSwap, a decentralized exchange built on the Ethereum blockchain. Additionally, users can stake their SHIB tokens on ShibaSwap to earn rewards. Since its launch, the price of SHIB has experienced significant volatility. It reached its all-time high of $0.00008689 in October 2021. However, as of June 12, 2023, SHIB is trading at $0.00000625.
Pepe Coin (PEPE) is a memetic cryptocurrency, leveraging the iconic Pepe the Frog meme, that emerged in April 2023 and swiftly garnered a substantial user base, leading to a remarkable market capitalization exceeding $420 million within a matter of weeks. Distinguishing itself as a deflationary coin, PEPE employs a mechanism wherein a minute fraction of tokens is systematically burned during each transaction. This deliberate design feature aims to induce scarcity within the token ecosystem, potentially fostering an appreciation in the value of the remaining tokens over time.
Arbidoge AI is a deflationary token that operates on the Arbitrum network, aiming to establish itself as a community-driven project that incentivizes users to hold and stake AIDOGE. By implementing an 8% burning tax, every transaction involving AIDOGE results in an 8% reduction in supply through burning. Consequently, AIDOGE functions as a deflationary asset, leading to the potential increase in its value over time.
AIDOGE serves multiple purposes within the Arbidoge AI ecosystem, including the ability to purchase goods and services. Furthermore, users can stake their AIDOGE holdings to earn rewards. Staking AIDOGE not only allows individuals to earn interest on their investments but also plays a crucial role in securing the network.
While still in its early stages, Arbidoge AI exhibits promising potential for success. The project is supported by a team with extensive experience in the cryptocurrency industry and a clear vision for its future development. Additionally, Arbidoge AI enjoys a strong and growing community of enthusiastic supporters, propelling its momentum forward.
Volt Inu (VOLT)
Volt Inu ($VOLT) is a meme coin that was introduced to the market in January 2022. It operates as a deflationary token, implementing a burn mechanism to gradually decrease the token supply. Alongside this feature, Volt Inu offers various additional functionalities including staking, yield farming, and NFTs.
Since its inception, the price of Volt Inu has experienced significant volatility. On February 20, 2022, it reached its all-time high at $0.00000099 per token. However, the price has subsequently declined and currently stands at approximately $0.000000365467 per token. It’s important to note that the cryptocurrency market can be highly unpredictable, and prices are subject to frequent fluctuations.
SafeMoon is a decentralized finance (DeFi) token that was introduced in March 2021. It operates as a deflationary token, meaning that its supply decreases over time. This reduction in supply is accomplished through a process known as “burning,” where a portion of each transaction is sent to a dead address, effectively removing it from circulation.
An interesting feature of SafeMoon is its “reflection” mechanism, which rewards token holders with additional SafeMoon tokens for every transaction made. This approach aims to incentivize users to hold onto their tokens and discourage frequent selling.
Critics of SafeMoon often categorize it as a “meme coin,” which refers to cryptocurrencies lacking backing by tangible assets or real-world projects. Meme coins typically exhibit high volatility and carry inherent investment risks.
Despite its detractors, SafeMoon has garnered a substantial following of investors. At its peak in April 2021, SafeMoon achieved a market capitalization exceeding $2 billion. However, its price has decline significantly, presently it has maintains a market capitalization of approximately $200 million.
Baby Doge Coin ( BABYDOGE)
Baby Doge Coin (BABYDOGE) is a cryptocurrency that emerged in June 2021 as a playful parody of Dogecoin (DOGE). Although initially viewed as a meme coin, it has evolved into a decentralized, community-led project with broader ambitions. The team behind Baby Doge Coin has outlined several exciting plans for the future, such as establishing an NFT marketplace, creating a decentralized exchange, and actively supporting animal charities.
Running on the Binance Smart Chain (BSC) and utilizing the BEP-20 token standard, BABYDOGE boasts a total token supply of 420 quadrillion, with approximately 152 quadrillion tokens currently in circulation. The project employs a 5% tax on all transactions, with the proceeds being redistributed to holders and allocated towards development efforts and charitable initiatives.
Notably, Baby Doge Coin has achieved significant listings on major cryptocurrency exchanges, including Binance, Huobi, and Gate.io. With a market capitalization surpassing $200 million, it presently holds the 226th rank on CoinMarketCap.
Dogelon Mars (ELON)
Dogelon Mars (ELON) is a cryptocurrency that was introduced to the market in April 2021. It belongs to the category of meme coins, which are cryptocurrencies inspired by popular internet memes. ELON specifically draws its inspiration from the iconic Doge dog meme, which gained widespread recognition through a photo of a Shiba Inu dog with a comical expression.
Functioning on the Ethereum blockchain, ELON has a maximum supply of 1 quadrillion tokens, with approximately 549.65 billion tokens currently in circulation. Since its inception, the price of ELON has experienced significant volatility. It achieved an all-time high value of $0.00000126 in May 2021, but has since retraced to its present price, approximately $0.00000019.
HOGE Finance (HOGE)
HOGE Finance (HOGE) is a meme coin that emerged in February 2021, following the footsteps of Dogecoin’s success. It operates as a deflationary cryptocurrency, adhering to the Ethereum blockchain and utilizing the ERC-20 token standard.
HOGE was developed by a team of creators who sought to establish a more decentralized and community-driven meme coin compared to Dogecoin. They aimed to provide an alternative option for cryptocurrency enthusiasts seeking to participate in a lively and engaging community.
One of HOGE’s distinctive features is its deflationary nature. The token’s total supply is capped at 1 quadrillion, and it constantly diminishes over time. This reduction is accomplished by imposing a 2% tax on every HOGE transaction. Of this tax, 1% is directed to a burn wallet, effectively removing those tokens from circulation forever. The remaining 1% is redistributed to all HOGE holders, rewarding them for their participation and support.
Kishu Inu (KISHU)
Kishu Inu (KISHU) is an Ethereum-based meme coin that was established in April 2021. It operates as a decentralized token, leveraging the Ethereum blockchain’s capabilities for its functionalities. As a deflationary currency, Kishu Inu’s token supply is intentionally limited, enhancing its scarcity and potential long-term value.
The Kishu Inu ecosystem encompasses five core elements, each serving a distinct purpose within the network:
1. The KISHU token: in the Kishu Inu ecosystem, the KISHU token facilitates transactions, acts as a medium of exchange, and provides holders with access to various ecosystem services
2. Kishu Swap: It Functions as a decentralized exchange (DEX), Kishu Swap enables users to engage in trustless token swaps
3. Kishu Crate: Kishu Crate introduces a lottery mechanism within the Kishu Inu ecosystem.
4. Kishu Paw Print: As a non-fungible token (NFT) collection, Kishu Paw Print commemorates and celebrates the vibrant Kishu Inu community.
5. Kishu Swag: Kishu Swag represents a line of merchandise prominently featuring the Kishu Inu logo.
Floki Inu (FLOKI)
Floki Inu (FLOKI) is a cryptocurrency that emerged in August 2021 as a meme coin, drawing inspiration from Elon Musk’s pet dog, Floki. It quickly gained significant attention and achieved a market capitalization of over $1 billion by October 2021. However, the price of FLOKI has experienced a subsequent decline, and it is currently trading at approximately $0.000004.
Although FLOKI has faced recent price challenges, several factors contribute to its potential long-term value. Firstly, the coin has garnered a substantial and engaged community of supporters. This active community can contribute to the coin’s resilience and ongoing development. Secondly, the Floki team remains actively involved in the project, with plans underway for the launch of a decentralized exchange, a non-fungible token (NFT) marketplace, and a metaverse project. These initiatives indicate a commitment to expanding the utility and use cases for FLOKI, which could positively impact its value over time.
Another significant aspect of FLOKI is its deflationary nature. With a total supply of 100 trillion tokens and a burn rate of 0.5% applied to each transaction, FLOKI token supply decreases with every trade. This deflationary mechanism has the potential to create scarcity and increase the value of each individual token in the long run.
Doge Killer (LEASH)
Doge Killer (LEASH) is a cryptocurrency that gained popularity as a meme coin after its creation in August 2020. It was developed by anonymous individuals associated with the Shiba Inu (SHIB) cryptocurrency. The main idea behind LEASH was to create a token with limited supply and higher value compared to SHIB. The total supply of LEASH is capped at 100,000 tokens.
One of the primary use cases for LEASH is as a governance token for the ShibaSwap decentralized exchange (DEX). Holders of LEASH have the ability to vote on proposals that impact the development and future of ShibaSwap, giving them a say in its governance.
LEASH also plays a role in the minting of BONE, another meme coin that was launched alongside LEASH. BONE serves as an incentive for liquidity providers on the ShibaSwap platform.
Since its inception, LEASH has experienced significant price volatility. In October 2021, the price of LEASH reached an all-time high of $1,168, attracting considerable attention. However, the cost has subsequently dropped, and LEASH is currently selling at about $250. It’s crucial to remember that the value of cryptocurrencies may fluctuate quickly and be quite volatile.
Snek (SNEK) is a cryptocurrency that gained popularity as a meme coin after its launch on the Cardano blockchain in May 2022. It operates as a deflationary token, with a total supply of 77 billion tokens. Apart from its speculative nature, SNEK tokens have utility within the Snek marketplace, enabling users to purchase goods and services. Additionally, token holders can participate in governance decisions.
The Snek community has experienced rapid growth, and this has contributed to the significant appreciation in the price of SNEK in recent months. As of June 12, 2023, SNEK is priced at $0.000280 USD, with a 24-hour trading volume of $314,387 USD. The market capitalization of SNEK stands at $19,801,583 USD. In the past 24 hours, SNEK has seen a positive price movement of 23.88%.
BONE serves as the governance token for ShibaSwap, a decentralized exchange (DEX). It plays a crucial role in incentivizing liquidity provision and staking activities within the platform. As an ERC-20 token, BONE is built on the Ethereum blockchain. The initial release of BONE took place on July 7, 2021, concurrent with the launch of ShibaSwap. To distribute the 250 million BONE tokens that comprised the initial supply, they were allocated to users who provided liquidity to the ShibaSwap DEX.
Pitbull (PIT) is a meme coin centered around the dog theme, and it operates on the Binance Smart Chain (BSC). It was initially launched on March 17, 2021. The total supply of PIT tokens is 100 trillion.
PIT stands out as an auto-staking token, meaning that holders can earn rewards simply by holding the coin in their wallets. These rewards are distributed in PIT every 12 hours, creating an incentive for users to retain their holdings.
The PIT community is highly active and engaged. The coin has successfully secured listings on various exchanges, including PancakeSwap, LBank, and BitMart, broadening its accessibility and reach.
Price volatility characterizes PIT, with notable fluctuations observed over time. However, in recent months, it has experienced substantial gains. One notable milestone occurred in March 2022, when PIT reached its all-time high of $0.57.
As of March 8, 2023, the price of PIT stands at $0.0000000003, reflecting the current market value of the coin.
RichQUACK (QUACK) is a hyper-deflationary memecoin that was launched in June 2021. It has a total supply of 100 quadrillion QUACKs, out of which 44,085,961,274,152,300 are currently in circulation.
QUACK implements a deflationary mechanism through its unique burn feature. Each transaction incurs a 12% tax, which is allocated as follows:
4% of the tax is redistributed to all QUACK holders, incentivizing them to hold onto their tokens. 4% is added to the QUACK-BNB liquidity pool, ensuring there is sufficient liquidity to support trading activities. 2% is transferred to the pump and burn wallet. This wallet is periodically used to buyback QUACK from the market, reducing the circulating supply and increasing the scarcity of the token. 2% is allocated to the marketing and development wallet. These funds are utilized for promotional activities, partnerships, and the ongoing development of the project.
MonaCoin (MONA) is a cryptocurrency that originated in Japan in 2013. It was initially created as a playful concept by an anonymous individual known as “Mr. Watanabe” and drew inspiration from the ASCII art character Mona, a cat-like face. Originally designed as a gaming currency, MonaCoin swiftly gained traction and evolved into a legitimate cryptocurrency.
Derived from Litecoin, MonaCoin functions as a fork of this popular digital currency. It employs the Lyra2RE (v2) algorithm for its mining process. With a maximum supply of 105,120,000 MONA, the cryptocurrency is obtained through proof-of-work mining.
One of MonaCoin’s notable features is its rapid transaction confirmation time, typically taking only seconds to complete. Moreover, the associated transaction fees remain comparatively low.
Within Japan, MonaCoin has garnered acceptance from numerous merchants, including both online stores and physical retail outlets. Its applications extend beyond traditional purchases, allowing users to tip content creators and acquire various digital goods and services.
Samoyedcoin (SAMO) is a cryptocurrency known as a meme coin. It emerged onto the scene in April 2021, featuring a name and logo inspired by the popular Samoyed dog breed. Operating on the Solana blockchain, SAMO has a maximum token supply of 4.75 billion.
Meme coins are a specific category of cryptocurrencies that are often created for amusement or as a playful experiment. They typically lack any substantial backing from tangible assets, and their value primarily relies on speculation and the prevailing hype surrounding them. SAMO follows this trend, experiencing significant price volatility since its inception.
Milady Meme Coin (LADYS)
Milady Meme Coin (LADYS) is a meme coin that drew inspiration from an anime avatar featured in an NFT collection. Its launch took place in January 2023 and initially gained significant attention, quickly amassing a market cap surpassing $140 million within a few days. However, the subsequent trajectory of LADYS witnessed a sharp decline, with its price currently trading at only a fraction of its all-time high.
Several factors contributed to the price slump. Firstly, being a relatively new project, LADYS had yet to establish its credibility and deliver tangible results to investors. Secondly, the memecoin market is inherently characterized by extreme volatility, with prices experiencing drastic fluctuations. As a result, the value of LADYS was susceptible to rapid changes driven by market sentiment. Lastly, negative news surrounding the project, including allegations of insider trading, further eroded investor confidence.
Vita Inu (VINU)
Vita Inu (VINU) is a meme coin that was launched on the Vite blockchain in 2021. It has gained attention for its unique set of features and attributes. Some of the features of VINU are:
Fast Transactions: One of the notable advantages of VINU is its ability to facilitate swift transactions. Operating on the Vite blockchain, transactions are confirmed in under 1 second, providing users with a seamless and efficient experience. Additionally, transaction costs on the Vite network are negligible, making VINU an affordable choice for users.
1. Smart Contract Capabilities: VINU is built as a smart contract-enabled token, allowing for the development of decentralized applications (DApps). Smart contracts provide the foundation for creating programmable and self-executing agreements, enhancing the possibilities for developers to build innovative projects and services on the Vite blockchain.
2. Deflationary Mechanism: VINU implements a deflationary model, meaning that the total supply of tokens gradually decreases over time. This reduction in supply is achieved through a process called burning, where tokens are permanently removed from circulation. The deflationary nature of VINU can potentially contribute to an increase in token value, as scarcity is created through this mechanism.
3. Community-Driven Approach: The VINU project takes pride in its community-driven nature. This means that decisions regarding the project’s development, governance, and future direction are made collectively by the community members. By involving the community in decision-making processes, VINU aims to create a more inclusive and engaging environment, where stakeholders have a voice in shaping the project’s evolution.
Learn more about Top 20 Meme coins: www.coinmarketcap.com
Frequently Asked Questions
Ques 1. What are the best meme coins to buy?
Ans: The best meme coins to buy are Shiba Memu (SHMU), Floki Inu (FLOKI), Pepe Coin (PEPE) etc.
Ques 2. Will Shiba Inu coin reach $1?
Ans: looking at the current price of Shiba Inu it will not be possible for Shiba Inu to reach $1.
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