Ranking of the best memecoins
There are many memecoins in the market, but only a few have proven to have real growth potential and are considered the best memecoins.
To find out which are the largest memecoins at any given time, we recommend that you visit the memecoin section of CoinMarketCap.
Since this application only shows you a list, we will now give you a brief description of the best memecoins of the moment.
Dogecoin (DOGE)
Dogecoin is probably the most well-known memecoin and has been in the market since 2013. It is a fork of Bitcoin, so it has its own blockchain and is based on an internet meme of a Shiba Inu dog.
Although it has always been present in the crypto space, Dogecoin's popularity exploded in 2020, thanks to the support it received from Elon Musk. From his tweets and references in his TV appearances, Elon gave an unprecedented boost to Dogecoin's popularity, making it one of the most well-known and respected cryptocurrencies and increasing its demand among investors and traders worldwide.
Some of the advantages highlighted by Dogecoin are the speed of its transactions and the low network fees. Such is its support that many users believe it will be part of the new payment system expected to be integrated into Twitter soon.
Shiba Inu (SHIB)
Shiba Inu is a relatively new memecoin in the market as it was created in August 2020 as an Ethereum ERC-20 token. Its creator is anonymous and goes by the nickname "Ryoshi".
This memecoin has gained a lot of attention due to the significant growth it showed in the short term during the 2020 bull run. The memecoin is based on the same Dogecoin meme, so many refer to it as the "DOGECOIN KILLER" and it has managed to differentiate itself from its predecessor with a clear vision, effective marketing strategy, and a dedicated community.
During its launch, it attracted the attention of the entire crypto space as its creator donated 50% of the total supply of Shiba Inu to Ethereum creator, Vitalik Buterin. In turn, Buterin took 10% and donated it to India for the fight against Covid-19, which became the largest cryptocurrency donation in history. The remaining 40% of the supply was burned by sending it to a dead wallet.
The project has grown so much that it currently has its own decentralized exchange - ShibaSwap -, a metaverse - SHIB: The Metaverse - and a native Ethereum layer 2 blockchain called "Shibarium".
Bone ShibaSwap (BONE)
Bone is a token also created within the Shiba Inu ecosystem. It was born as the governance token of ShibaSwap, its decentralized exchange of SHIB.
Although it was born as an ERC-20 token within the Ethereum blockchain, it will be the native token of the Shibarium blockchain.
Dogelon Mars (ELON)
Dogelon Mars is a dog-themed cryptocurrency, following the example of other successful memecoins like Dogecoin, Shiba Inu, and Floki Inu. It is also an ERC-20 token, native to both the Ethereum and Polygon networks.
Dogelon Mars doesn't have a roadmap like other cryptocurrencies, but instead developed a fantasy version through its comics, which has helped it build a large community on social media.
In practice, ELON is a meme coin with not much utility beyond buying and holding it in a wallet like Metamask. However, due to the powerful combination of various highly "memeable" attributes in its title (Elon Musk, Doge, Moon/Mars) and its strong community, it has emerged as one of the most popular memecoins.
Floki (FLOKI)
Floki (FLOKI) is a very popular memecoin and the utility token of the Floki ecosystem. It was born from the community of fans and members of Shiba Inu (SHIB) and is inspired by (and named after) Elon Musk's Shiba Inu. The community calls itself the "Vikings of Floki" in honor of Floki (Musk's dog) which was named after a Viking character.
It is both an ERC-20 token on the Ethereum network and a BEP-20 token on the Binance Smart Chain.
Floki distinguishes itself from other meme coins by combining memes with utility. The team's long-term vision is to create an autonomous and decentralized ecosystem, including strategic partnerships (such as the ones it already has with Chainlink, Trader Joe, and ApeSwap), developing utilities for the token and uses for the Floki brand through NFTs, games, and decentralized finance.
Its main flagship product is the NFT gaming metaverse called Valhalla, which aims to be a "play to earn" gaming metaverse where rewards can be earned by battling, trading, or holding assets obtained in the metaverse.
Floki is a community-managed project and was initially launched by an anonymous developer who quickly abandoned the project. The community came together and relaunched the project, turning it into a globally recognized cryptocurrency brand with over 400,000 holders in its first year. Key decision-making affecting Floki as a project is also done through a DAO voting where people vote with their FLOKI tokens.
The Floki community has conducted interesting marketing campaigns, such as renting billboards to advertise the meme coin in various global capitals.
Bonk (BONK)
BONK is another memecoin dedicated to the Shiba Inu dog that was launched by the decentralized organization Bonk DAO. It is a SPL token deployed on the Solana blockchain, while most well-known dog-themed coins operate on Ethereum.
The introduction of the project was a way to support the Solana community, which was severely affected after the FTX collapse. To do this, an airdrop of over 50 trillion coins, almost half of the supply, was conducted among collectors, developers, and NFT artists, although some details of the airdrop remain unknown.
It is a small meme cryptocurrency compared to previous ones and very recently created, as it was launched on December 25, 2022. However, this did not prevent it from quickly gaining great popularity, becoming one of the viral phenomena of early 2023.
In less than a week, it was integrated into dozens of protocols and dApps in the Solana ecosystem and was listed on multiple top-tier centralized exchanges. The real interest it generated in the community caused its price to skyrocket 2000% in one week and also resulted in a 34% increase in the price of the SOL token in the first 48 hours of its launch.
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