Memecoins
Top 5 Memecoins by market capitalization »The Merkle News
Over the past week, memecoins have outperformed Bitcoin, growing over 25% as a category.
Memecoins outperformed $BTC over the past 7 days, gaining over 25% growth as a category.
Let’s look at the top 5 memes by market cap. 👇 pic.twitter.com/bxstXHZ483
– Cointelegraph (@Cointelegraph) May 27, 2024
Here’s a look at the top five memecoins by market cap:
- Dogecoin ($DOGE) – Market capitalization: $24.8 billion
Created in 2013, Dogecoin remains the largest memecoin. Inspired by the recently deceased Shiba Inu Kabosu, DOGE faces significant resistance between $0.166 and $0.171, where 75,500 addresses hold nearly 10 billion DOGE. Overcoming this barrier could see DOGE double, with the next resistance at $0.322.
#Dogecoin encounters significant resistance between $0.166 and $0.171, where 75,500 addresses have acquired almost 10 billion $DOGE. But once this obstacle is overcome, #DOGE has the potential to double, with the next key resistance around $0.322 pic.twitter.com/p02Cks63EI
– Ali (@ali_charts) May 28, 2024
- Shiba Inu ($SHIB) – Market capitalization: $15.2 billion
Shiba Inu, the second largest memecoin, initially attracted attention by giving 50% of its allocation to Vitalik Buterin. The ecosystem has expanded with the recent launch of Shibarium, a layer 2 chain.
- PepeCoin ($PEPE) – Market capitalization: $6.9 billion
PepeCoin, the third largest memecoin, surged 75% last week. Launched as a tribute to the Pepe the Frog meme, PEPE reached an all-time high on May 27.
- DogeWifHat ($WIF) – Market cap: $3.2 billion
Ranked fourth by market capitalization, DogeWifHat is a Solana-based memecoin described as “literally just a dog in a hat.”
- Floki Inu ($FLOKI) – Market capitalization: $2.7 billion
Floki Inu, behind DogeWifHat, gained more than 40% last week. Started by members of the SHIB community and named after Elon Musk’s Shiba Inu, FLOKI recently flipped OP and BONK to become a top 45 project. Rumors of a Coinbase listing are fueling its rise.
BREAK: $FLOKI is up 18% in the last 24 hours and has just reversed $OP And $BONK to be one of the 45 best projects. He outperformed $PEPE, $WIF, $DOGEAnd $SHIB like the top major #memecoin this week. #Coinbase will list #FLOKI criminals on May 30, fueling rumors of a Coinbase spot… pic.twitter.com/zdzgYlDkwM
– BITCOINLFG® (@bitcoinlfgo) May 28, 2024
Floki Inu’s impressive performance has led several analysts to predict that it could be the leading memecoin in this bull run. As Coinbase prepares to list FLOKI perpetuals on May 30, speculation about a potential one-time listing is growing.
Memecoins continue to captivate the market, with each token bringing its unique charm and community-driven growth. As these tokens gain traction, their influence on the broader crypto landscape becomes more and more evident.
Disclosure: This is not trading or investment advice. Always do your research before purchasing any cryptocurrency or investing in any service.
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Image source: archnoi1/123RF // Image effects by Colorcinch