Memecoins are becoming popular and winning the hearts of crypto investors across the globe. Despite their inherent volatility and speculative nature, they possess a never-ending craze and a special place in the portfolios of crypto enthusiasts.
Over the years, no category of crypto coins and tokens has received as much attention and support as meme coins. Every new meme coin in the crypto space has been making and breaking records of delivering 1000X to even 10,000X returns. Thanks to their hype and community-driven support, they have become inescapable from crypto portfolios despite their risk-laden nature.
All this craze around meme coins got us writing about the top crypto meme coins by market cap, that are creating a buzz in the crypto market.
What are Memecoins?
Memecoins are digital cryptocurrencies that are often an outcome of viral internet memes. Also known as "memetic tokens" or "community coins", meme coins are generally based on the themes of animals, characters, and individuals that can be easily made fun of. However, it is crucial to understand that these cryptocurrencies lack intrinsic value and are just fun cryptocurrencies, and their value is primarily derived from the hype and parabolic support from their communities.
Dogecoin, Shiba Inu, Pepe, and Dogwifhat are some of the Top memecoins that are taking the crypto world by storm. But it is important to exercise caution when investing in memecoins, as their price volatility and speculative nature can create substantial financial risks.
Top 10 Meme coins by Market Cap
| Meme coins | Current Price | Market Cap | Market Rank |
| Dogecoin | $0.1399 | $20.2 Billion | #8 |
| Shiba Inu | $0.00002207 | $13 Billion | #11 |
| Pepe | $0.00001294 | $5.45 Billion | #22 |
| Dogwifhat | $2.62 | $2.6 Billion | #42 |
| Floki | $0.0002362 | $2.25 Billion | #45 |
| Bonk | $0.00002857 | $1.94 Billion | #51 |
| Memecoin | $0.02272 | $444 Million | #138 |
| BOOK OF MEME | $0.009477 | $69.1 Million | #106 |
| cats in a dogs world | $0.004431 | $39 Million | #158 |
| (SOL) | $0.33 | $32.6 Million | #241 |
The views expressed in this blog are purely for informational purposes and investors should note that memecoins are subject to higher risk and volatility. A proper risk assessment is required before investing in memecoins.
Top Meme Coin #1:Dogecoin (DOGE)
In 2013, an internet sensation took flight on Reddit with the emergence of the Doge meme, featuring a Shiba Inu Dog named Kobasu with broken English phrases written in comic-sense font. This meme gave way to endless versions, increasing its popularity.
In December 2013, Two engineers, Jackson Palmer and Billy Markus, rode the wave of this meme trend and created a peer-to-peer, open-source payment blockchain, Dogecoin, as a mimic alternative to Bitcoin. Despite its origin being a "Joke coin," Dogecoin gained wide popularity and became a widely accepted form of payment on internet forums like Reddit.
Today, Dogecoin is a top memecoin by market cap, supported by a dedicated community, offering potential applications beyond other meme-based cryptocurrencies. Endorsements from industry leaders like Elon Musk, the founder of SpaceX, have further bolstered its reputation.
It's when in 2020, Elon Musk expressed his love for Dogecoin through one of his tweets, "Doge barking at the moon," which led Dogecoin's value to rise significantly by over 600%. Over time, Dogecoin has garnered the trust and enthusiasm of many crypto investors, and today, it is one of the top 10 cryptos to invest in 2024. According to the latest data, Dogecoin is the top meme coin by market cap, valued at approximately $18 billion.
| DOGE Key Metrics | - |
| Current Price | $0.1399 |
| Circulating Supply | 144.13 Billion DOGE |
| Total Supply | 144.13 Billion DOGE |
| Maximum Supply | Infinite |
| All-time-high | $0.7376 (May 8, 2021) |
| All-time-low | $0.00008547 (May 7, 2015) |
Top Meme Coin #2: Shiba Inu (SHIB)
Launched in 2020 by an anonymous founder, Ryoshi, Shiba Inu is a decentralized cryptocurrency driven by community support. Shiba inu derives its value primarily from its dedicated community rather than real-world use-cases. Ryoshi created SHIB with the aim of competing with Dogecoin, and for this reason, it is also known as "Dogecoin Killer.
The primary differences between Dogecoin and Shiba Inu are their reliance and use cases; while Dogecoin operates on its own blockchain and serves as a payment currency, Shiba Inu is built on the Ethereum blockchain and functions more as a token for rewarding its loyal community members. However, like Dogecoin, Shiba Inu has maintained a high reputation in the meme world and is the second top meme coin by market cap with a market capitalization of about $13 Billion.
Contrary to the highs and lows of the crypto market, the Shiba Inu community has been growing stronger and steadier, and the SHIB token has been delivering lucrative gains as a reward for their loyalty. Since its inception, SHIB has experienced staggering gains of over 25,987,167%, giving bullish hopes for its future price trajectory.
Read: Shiba Inu Price Prediction
| SHIB Key Metrics | - |
| Current Price | $0.00002207 |
| Circulating Supply | 589.29 Trillion SHIB |
| Total Supply | 589.29 Trillion SHIB |
| Maximum Supply | NA |
| All-time-high | $0.00008845 (Oct 28, 2021) |
| All-time-low | $0.00000000008165 (Sept 01, 2020) |
Top Meme Coin #3:Pepecoin (PEPE)
A Frog in the Dogs world is turning heads with its hopping and popping mascot, inspired by the "Pepe the Frog" meme created by Matt Furie in 2005.
PEPE coin made its debut in mid-April, 2024 and since then has achieved a remarkable position in top memecoins, boasting a market cap of $5.4 billion. It was developed by a team of Ghost founders, who opted to remain anonymous in line with the tradition of many other crypto projects. PEPE was originally conceived as an NFT platform however, later the team pivoted towards the goal of establishing it as the "most memorable memecoin in existence."
It is important to note that PEPE lacks intrinsic value and practical applications. However, according to PEPE’s roadmap, the team has plans to expand its ecosystem in its Phase-3 with exciting tools and features which can provide PEPE with some real world utilities.
With its endearing frog faced character, PEPE is drastically gaining traction and winning the hearts and minds of crypto enthusiasts that might possibly make it thrive in the future bullish market cycles.
Read: PEPE Price Prediction
| PEPE Key Metrics | - |
| Current Price | $0.00001294 |
| Circulating Supply | 420.69 Trillion PEPE |
| Total Supply | 420.69 Trillion PEPE |
| Maximum Supply | 420.69 Trillion PEPE |
| All-time-high | $0.00001718 (May 27, 2024) |
| All-time-low | $0.00000002764 (Apr 17, 2023) |
Top Meme Coin #4: Dogwifhat (WIF)
Amidst the growing popularity of Solana-based meme coins, Dogwifhat has emerged as a robust contender in the meme coin landscape. Founded on November 20 2023, Dogwifhat features a Shiba inu Puppy wearing a Pink hat that does not have any known utility. It's simply—"literally just a dog with a hat."
Dogwifhat's native token, WIF, is built on the SPL token standard of the Solana blockchain and has delivered prolific returns throughout the latter part of 2023 and 2024, surpassing prominent memecoins like Dogecoin, Shiba Inu and Pepe. The coin has a market cap of $2.4 Billion and has hit an all-time high of $4.8 on March 31, 2024.
Furthermore, WIF derives its value from the community, which fervently believes in its potential for future growth. With the increasing popularity of the Solana blockchain and the anticipation of major exchange listings, such as Binance and Coinbase, supporters of WIF foresee even greater heights on the horizon.
Read: Dogwifhat Price Prediction
| WIF Key Metrics | - |
| Current Price | $2.62 |
| Circulating Supply | 99.8 Million WIF |
| Total Supply | 99.8 Million WIF |
| Maximum Supply | NA |
| All-time-high | $4.8 (March 31, 2024) |
| All-time-low | $0.06 (Jan 08, 2024) |
Top Meme Coin #5: Floki Inu (FLOKI)
Floki Inu is a meme-based crypto project that's more than just a "joke coin." The existence of Floki dates back to June 2021, When the Spacex Founder, Elon Musk, tweeted, "My Shiba Inu will be named Floki." This endorsement from Musk ignited the interest of investors in FLOKI. Over time, Floki has transformed itself from a useless meme cryptocurrency to "The People's Crypto."
Unlike other memecoins that lack intrinsic value, FLOKI is a multichain token that operates both on Ethereum and Binance (BSC) blockchain and aims to provide full-fledged web3 utilities through various projects such as Valhalla and Floki Places, where users can utilize FLOKI as payment to trade NFTs and purchase physical goods.
With a total market capitalization of $2.25 billion, Floki Inu currently holds the 6th rank among the top memecoins by market cap. Considering the growing adoption and community-driven innovation, this People's crypto could be on your memecoin watchlist for the year 2024.
Read: Floki inu Price Prediction
| FLOKI Key Metrics | - |
| Current Price | $0.0002362 |
| Circulating Supply | 9.57 Trillion FLOKI |
| Total Supply | 9.71 Trillion FLOKI |
| Maximum Supply | NA |
| All-time-high | $0.0003462 (June 5, 2024) |
| All-time-low | $0.00000002 (Aug 09, 2021) |
Top Meme Coin #6: Bonk (BONK)
Bonk is another infamous Solana-based meme coin that stepped into the Christmas of 2022. It was airdropped into the wallets of Solana holders as a unique Secret Santa gift. Bonk aims to be a "community coin" of Solana that rewards Solana supporters and believers. The token features the mascot of Shiba inu Dog, inspired by Dogecoin, a Top memecoin by market cap.
During mid-December of 2023, BONK surged to become the third largest meme coin after Dogecoin (DOGE) and Shiba Inu (SHIB). This rapid ascent can be attributed to its innovative tokenomics, which have garnered attention from investors. With a capped supply of 100 Trillion BONK, 50% being attributed to NFT degens and DeFi traders, artists, and collectors in the Solana ecosystem, Bonk contributes to the vibrancy and growth of Solana's decentralized finance landscape.
This memecoin was the biggest gainer in 2023 that experienced an astonishing surge of up to 10,000%. As the Solana ecosystem continues to expand and evolve there is a potential for Bullish sentiments in Bonk's price prediction, signaling promising prospects for its future trajectory.
| BONK Key Metrics | - |
| Current Price | $0.00002857 |
| Circulating Supply | 65.1 Trillion BONK |
| Total Supply | 93.09 Trillion BONK |
| Maximum Supply | 100 Trillion BONK |
| All-time-high | $0.00004704 (March 04, 2024) |
| All-time-low | $0.00000009197 (Dec 30, 2022) |
Top Meme Coin #7: Memecoin (MEME)
MEME, the ERC-20 native token of the Memeland ecosystem was developed by 9GAG; which is a popular website for funny GIFs and memes with a community of million users. The MEME coin currently serves no utility however, the project's future plans to develop and create decentralized SocialFi apps to foster a robust community across different social platforms can provide it an intrinsic value in the foreseeable future.
As of now, MEME boasts a total market capitalization of $30 million, with a capped supply of 69 billion MEME tokens. Despite its current lack of utility, the project's promising vision and backing from a popular platform like 9GAG position MEME as a coin to watch in the evolving landscape of meme-based cryptocurrencies.
Read: Memecoin(MEME) Price Prediction
| MEME Key Metrics | - |
| Current Price | $0.02272 |
| Circulating Supply | 69 Billion MEME |
| Total Supply | 69 Billion MEME |
| Maximum Supply | 69 Billion MEME |
| All-time-high | $0.05706 (Mar 04, 2024) |
| All-time-low | $0.01706 (Nov 07, 2023) |
Top Meme Coin #8: BOOK OF MEME (BOME)
The meme coin mania does not seem to be slowing down, with new entrants continually joining the crypto space. One such recent addition is Book-of-meme, which entered the crypto market on March 10, 2024, and experienced a substantial rally of about 3000% shortly after the launch. As of now, BOME boasts a market capitalization of $69.1 million, securing its position as the 8th largest meme coin by market cap. This impressive surge is making the meme coin lovers drool over BOME, who eagerly awaits its further developments.
BOME is a Solana based memecoin, created by Darkfarms, the artist behind PEPE; Leveraging technologies such as Arweave, InterPlanetary File System (IPFS), and inscriptions, BOME aims at facilitating the storage library for memecoin ensuring that each meme is permanently stored in secure and transparent manner.
Given the growing hype of Solana-based memecoins, the potential for future listings on centralized exchanges, and its intentions for expanding to bitcoin inscriptions, BOME presents an enticing opportunity for the investors to bag short-term gains in the upcoming bull run.
Read: Book of meme Price Prediction
| BOME Key Metrics | - |
| Current Price | $0.009477 |
| Circulating Supply | 55.1 Billion BOME |
| Total Supply | 68.9 Billion BOME |
| Maximum Supply | NA |
| All-time-high | $0.6277 (May 02, 2024) |
| All-time-low | $0.003833 (Jan 04, 2024) |
Top Meme Coin #9: Cats-in-a-dogs-world (MEW)
Cats-in-a-dogs-world (MEW) is emerging as a standout player in the meme craze of 2024, taking this craze to new heights. MEW, launched on Solana blockchain, leads the list of top memecoins by market cap, despite lacking the real world utility. It's sole purpose is to challenge and surpass the Dog themed cryptocurrencies by creating a cat-driven environment.
The project has swiftly grabbed attention of numerous crypto investors and has experienced a massive surge in trading volume of about $176 million, at the first five hours of trading. It is important to note that price surge of most memecoin is majorly piloted by the community and MEW is no exception, thriving on the euphoria of its supporters.
| MEW Key Metrics | - |
| Current Price | $0.004431 |
| Circulating Supply | 88.8 Billion MEW |
| Total Supply | 88.8 Billion MEW |
| Maximum Supply | 88.8 Billion MEW |
| All-time-high | $0.01034 (Mar 31, 2024) |
| All-time-low | $0.000844 (Mar 27, 2024) |
Top Meme Coin #10: Popcat (SOL) (POPCAT)
The meme coin world that is dominated by Dog themed cryptocurrencies, is now being targeted by Cat themed tokens that are swiftly making headlines in the cryptosphere these days. POPCAT is one such cat themed meme coin that has entered the battle.
The POPCAT meme first burst out on the internet in 2020, featuring two images of a cat named "Oatmeal" depicting the cat with two distinct mouth positions: one with its mouth closed and the other with an "o" shape, creating a POP sound when read together. This meme captured the attention, making it evolve into a meme-cryptocurrency ideation that gained a substantial momentum and popularity.
POPCAT operates on Solana Blockchain and, like many memecoins, derives its value from its community engagement rather than intrinsic worth. POPCAT boasts a total market capitalization of $32.6 million, and with the overwhelming community support, it has exhibited a 2,513% increase in its price during the first quarter of 2024, making people go bananas for this cute mew-bie.
| POPCAT Key Metrics | - |
| Current Price | $0.33 |
| Circulating Supply | 9.57 Trillion POPCAT |
| Total Supply | 9.71 Trillion POPCAT |
| Maximum Supply | NA |
| All-time-high | $0.6277 (May 02, 2024) |
| All-time-low | $0.003833 (Jan 04, 2024) |
End Note
The above blog highlights the top meme coins by market cap that are the talk of the crypto town. However, these memecoins have delivered staggering returns to their believers and might also pique you to invest in them but, it is always advisable to conduct an extensive research before investing in such coins as memecoins are highly volatile and are of a speculative nature. While the allure of quick gains may be tempting, it's important to weigh the potential rewards against the risks involved and only invest what you can afford to lose.
