Meme coins are meme-inspired cryptocurrencies. They tend to be highly volatile compared to major cryptocurrencies like Bitcoin (BTC) and Ether (ETH). This is possible because meme coins are community-driven tokens. Their prices are often influenced by social media and online community sentiment. This often brings a lot of hype but also FOMO and financial risk. While it is true that some traders have become rich from meme coins, many have lost money due to market volatility.

What is meme coin?

Meme coins are cryptocurrencies inspired by memes or jokes on the Internet and social media. The first meme coin created was Dogecoin (DOGE). Launched in 2013 as a parody, DOGE was inspired by the popular Doge meme about the Japanese Shiba Inu dog.

Meme coins tend to be highly volatile. They are largely community-driven and can become popular overnight due to online community endorsement and FOMO. However, their prices can also plummet as traders turn their attention to the next meme coin.

Another characteristic of meme coins is that they often have a very large or unlimited supply. For example, Shiba Inu (SHIB) has a total supply of 589.520 million SHIB, while DOGE has no maximum supply and over 144 billion DOGE are already in circulation. Since meme tokens typically do not have a coin burning mechanism, the huge supply explains their relatively low price. For just $1, you can buy millions of meme tokens.

While it’s hard to pinpoint the exact reason, some say the cryptocurrency market has grown during the COVID-19 pandemic as retail investors look to hedge against inflation. Meme coins have also exploded amid the hype, growing in both market capitalization and variety.

It all started after the GameStop (GME) and AMC Entertainment (AMC) “meme stocks” saga in late 2020, where the Reddit community drove up the price of these stocks by as much as 100x in a few months. In January 2021, a Reddit group joked about inflating the price of DOGE to create a cryptocurrency equivalent to GME. This trend started and, along with the influence of tweets from Tesla CEO Elon Musk, the price of DOGE skyrocketed. Dogecoin reached a new all-time high of $0.73, with a gain of over 2,000% in 5 days.

Leading the meme coin market with the highest market capitalization are Dogecoin (DOGE) and Shiba Inu (SHIB). Following the success of DOGE and SHIB, a large number of dog-themed meme coins have entered the market and attracted attention in the second half of 2021. In addition, from April 2023 to now, many new meme coins have appeared on the market that have strongly attracted investors such as FLOKI, PEPE, MEME, BOME, ORDI, SAT, RAT, WIF, BONK, MYRO...

Dogecoin (DOGE)

Dogecoin (DOGE) was created in 2013 by software engineers Billy Markus and Jackson Palmer. Dogecoin was inspired by a meme of a Shiba Inu dog and was intended as a joke cryptocurrency to gain traction in the community. A fork of Litecoin (LTC), DOGE uses a similar Proof of Work (POW) mechanism and has no maximum supply. For a more comprehensive overview of DOGE, see What is Dogecoin?

At the time of writing, DOGE has a total circulating supply of 144,380,416,384 DOGE, with no maximum supply, current DOGE price: $0.1647. All-time high price (ATH): $0.7376 on May 8, 2021.

Shiba Inu (SHIB)

Shiba Inu (SHIB) is a rival to DOGE and is often referred to as the “Dogecoin killer”. SHIB is also named after a Japanese dog breed. SHIB was created by an anonymous developer named Ryoshi in August 2020.

The main difference between DOGE and SHIB is that SHIB has a limited supply of 1 quadrillion SHIB tokens, of which 50% has been burned and donated to charity. The SHIB ecosystem also includes a decentralized exchange, NFT art incubator, NFTs, and NFT games.

At the time of writing, SHIB has a total circulating supply of 589,520,011,653,708 SHIB, current SHIB price: $0.00002561. All-time high price (ATH): $0.00008845 on October 28, 2021.

Dogelon Mars (ELON)

Dogelon Mars (ELON) follows the doggy duo in popularity. As the name suggests, ELON is named after Tesla CEO Elon Musk and his passion for SpaceX. ELON is a fork of Dogecoin.

At the time of writing, ELON has a total circulating supply of 549,652,770,159,583 ELON, current ELON price: $0.0000002121. All-time high price (ATH): $0.00007157 on February 11, 2021.

Akita Inu (AKITA)

There are many other meme coins that use Japanese dog breeds as mascots, such as the Akita Inu (AKITA), Kishu Inu (KISHU), and Floki Inu (FLOKI). AKITA is heavily inspired by DOGE. AKITA was launched on Uniswap as an ERC-20 token in February 2021. Its token system is very similar to SHIB. Like SHIB developer Ryoshi, the AKITA team locked 50% of the total supply on Uniswap, while the remaining 50% was sent to Ethereum co-founder Vitalik Buterin. However, AKITA only has a total supply of 100 trillion tokens, which is 1/10th of SHIB's total supply. AKITA gained traction along with its other doggy coins in May 2021 and is considered by some community members to be another “Dogecoin killer.”

At the time of writing, AKITA has a total circulating supply of 100,000,000,000,000 AKITA, current AKITA price: $0.0000001893. All-time high price (ATH): $0.00002886 on May 11, 2021.

Kishu Inu (KISHU)

Kishu Inu (KISHU), another dog-themed meme coin, has grown exponentially since its launch in April 2021. KISHU includes participation rewards for active users, non-fungible tokens (NFTs), and a DEX called Kishu Swap. It has grown in popularity, recording over 100,000 holders and a $2 billion market cap within a month of its launch.

At the time of writing, AKITA has a total circulating supply of 100,000,000,000,000 AKITA, current AKITA price: $0.0000001893. All-time high price (ATH): $0.00002886 on May 11, 2021.

Pepper (PEPPER)

Pepe (PEPE) is a meme coin built on the Ethereum network, inspired by the famous internet meme frog. The development team describes PEPE as a project to surpass outdated tokens like Dogecoin and Shiba Inu.

PEPE launched on April 16 and quickly reached a market capitalization of over $1.8 billion, marking a remarkable growth compared to many other projects. After only about a month of launch, there are about 115,875 addresses owning PEPE. The platform currently has a market capitalization of $3.3 billion.

At the time of writing, PEPE has a total circulating supply of 420,689,899,999,995 PEPE, current PEPE price: $0.0000113. All-time high price (ATH): $0.00001156 on May 11, 2024.

Memecoin (MEME)

Memecoin (MEME) is a memecoin used in the Memeland ecosystem, operating on the Ethereum platform according to the ERC20 standard. MEME is declared by the development team to have no specific value or utility. The MEME token is mainly issued as a symbol, representing the humorous and creative meme community. However, MEME coin is still a factor that creates excitement in the diverse and different ecosystem of Memeland, attracting more users in the world of cryptocurrency holdings.

At the time of writing, MEME has a total circulating supply of 69,000,000,000 MEME, current MEME price: $0.02693. All-time high price (ATH): $0.05706 on March 4, 2024.

In addition, the crypto market has recently witnessed a strong development with the emergence of the BRC-20 token (Bitcoin Request for Comment 20). BRC-20 is a token standard created through the Ordinals protocol by recording data in text form directly on the Bitcoin network. The advent of the BRC20 standard has expanded the utility of Bitcoin, which is known for peer-to-peer transactions, into the field of tokenization and decentralized finance, especially for memecoin, which is considered a breakthrough, bringing memecoin to the Bitcoin network.

Ordinals (ORDI)

Ordinals (ORDI) is the first meme coin created based on the BRC-20 standard on the Bitcoin blockchain. ORDI is known as the "Bitcoin of NFTs" because it uses the Ordinals protocol to record NFT data on Bitcoin.

ORDI was created by an anonymous developer who goes by the name Domo. Domo is a Bitcoin and NFT enthusiast, and he created ORDI with the aim of expanding the Ordinals ecosystem and promoting the use of NFTs on Bitcoin.

Ordinals Wallet is a cryptocurrency wallet designed to store and manage Ordinals Bitcoin NFTs.

At the time of writing, ORDI has a total circulating supply of 21,000,000 ORDI, current ORDI price: $43.47. All-time high price (ATH): $96.17 on March 5, 2024.

Rate (RATE)

SATS (Ordinals) is a cryptocurrency built on the BRC-20 standard that operates on the Bitcoin blockchain. The platform uses the Ordinals protocol to track and allocate Satoshis to unique IDs. Satoshis are the smallest unit of Bitcoin with one Satoshi equal to 0.00000001 BTC.

At the time of writing, SATS has a total circulating supply of 2,100,000,000,000 1000SATS. Current SATS price: $0.0003003. All-time high price (ATH): $0.0009348 on December 26, 2024.

Dogwifhat (WIF)

Dogwifhat (WIF) is a meme coin developed on the Solana blockchain with the symbol of a Shiba dog wearing a knitted hat, simple but humorous and extremely popular in the cryptocurrency community. In just about 1 week since its launch, the value of WIF has increased from $0.004 to $0.2, equivalent to a 5,000-fold growth.

Compared to many meme coin projects on the market, which are all designed with cartoons, drawings... Dogwifhat was born from the real image of a Shiba dog, which has created excitement in the meme coin community.

At the time of writing, WIF has a total circulating supply of 998,905,985 WIF. Current WIF price: $2.8. All-time high price (ATH): $4.85 on March 31, 2024.

Bonk (BONK)

BONK is a cryptocurrency token built on the Solana blockchain platform. BONK officially appeared in December 2022 and was inspired by the popular BONK meme on social media.

The Bonk ecosystem consists of BonkSwap, BonkDex, and BonkVault. Each of these components plays a unique role in the ecosystem, contributing to the overall functionality and utility of the Bonk token.

At the time of writing, BONK has a total circulating supply of 93,082,000,358,975 BONK. Current BONK price: $0.0000326. All-time high price (ATH): $0.00004704 on March 5, 2024.

Book of meme (BOME)

BOME stands for “Book of Meme”, a new cryptocurrency project based on the Solana platform. Book of Meme was created by Darkfarms, a famous crypto artist. The main goal of this project is to build a permanent library of meme coins.

In the presale round, BOME raised up to 10,131 SOL.

At the time of writing, BOME has a total circulating supply of 68,966,327,627 BOME. Current BOME price: $0.01213. All-time high price (ATH): $0.02805 on March 16, 2024.

WHERE CAN YOU BUY MEMECOIN?

You can find popular memecoins on the website: Binance.com or on the Binance app.

👉 Create a Binance account: Blackbi Trading

Wish you successful trading and make lots of profit!