Dogelon Mars (ELON) closely follows the doggy duo in terms of popularity. As the name suggests, ELON is named after Tesla CEO Elon Musk and his passion for his company SpaceX. ELON is a fork of Dogecoin and has a circulating supply of 557 trillion tokens. As of November 2021, ELON has surged over 3,780% since its launch in April 2021. Shiba Inu (SHIB) is the rival of DOGE and is often referred to as the “Dogecoin killer”.
Dogelon Mars appeared in 2021, during the initial meme coin craze. The project’s official purpose was to create an intergalactic currency for future space colonizers. To provide some perspective, $DOGE took over three years to reach a market cap of $1 billion. In contrast, $PEPE reached this benchmark within weeks of its launch. Launched in late 2021, RichQUACK is a meme coin based on Scrooge McDuck’s character.
It’s 100% community-driven, and there’s not a single mention of its creators. One of $SHIB’s standout qualities is its total supply of a tremendous one quadrillion tokens. Right after its launch, 50% of the tokens were locked in the Uniswap exchange, and another 50% were transferred to Vitalik Buterin, the creator of Ethereum. Shina Inu was created in 2020 by an anonymous developer calling himself Ryoshi in his Medium blog. The developer’s primary objective was to replicate the investment returns generated by Dogecoin. Although $SHIB initially had no use cases, the project was able to create an unprecedented amount of hype and demand.
The developers also allocated 10% of the token supply for marketing purposes. This helps Poodl Inu to gather a global community of followers and investors. Poodl Inu ($POODL) is another Dog-themed meme cryptocurrency that aims to stay afloat in the long run.
- Another issue is finding solid info on the coin performance, so it’s hard to know what’s real and what’s just hype.
- Instead, a more risk-averse approach would be to buy 10 different meme coins at $50 each.
- On top of that, Ethereum investors get a limited-time 10% discount unavailable on Solana.
- For example, the Phemex Launchpad has been a hot spot for releasing strong new projects into the cryptosphere.
- Similarly, while Pepe is based on Pepe the Frog, Sponge has taken inspiration from the SpongeBob SquarePants franchise.
- This restricts any single wallet from holding more than 1% of the total $QUACK supply.
While the community currently isn’t large, with just over 3,000 followers on X and under 100 holders, $POODL’s incentive mechanism and utility constantly attract new users. This new ERC-20 token has recently launched on presale and has raised more than $450K in only a few weeks. While the first season of airdrops is almost over, the Smog X account announced more are coming in the future, so it’s worth following the project for more information. Still, there remain over 11,000 unique holders and over 23,000 followers on Sponge’s X account. Community support led $SPONGE’s developers to rethink their approach and launch $SPONGEV2 in February 2024.
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To illustrate its unprecedented growth, CoinMarketCap notes that Dogecoin was priced at $0.005 at the start of 2021. Now that the game is released and staking is unlocked, stakeholders are bullish, which is a good sign. Its value singleton pattern in python a complete guide is determined by nothing else than speculation, hype, and buy/sell orders, so predicting its long-term performance is challenging. It speaks French, wears a beret, and constantly smokes a cigarette – the peak of French culture.
Despite the limited use cases, $ELON’s community is strong with over 100,000 unique holders and over 466,000 followers on X. On the other hand, Elon Musk has hinted he plans to integrate $DOGE into the X app as a form of payment embedded system simple in the future. $PEEN hasn’t experienced any significant price explosions since then, but it didn’t flop either. Its price grew 17.9% since last month and 11.1% within the last 24 hours, which indicates a steady upward trend.
Social trading can provide insights and a framework for beginners interested in meme coins, fostering a community-driven investment approach. Keep in mind that meme coins are highly volatile compared to other digital currencies. Meme coins are largely community-driven and might crash unexpectedly, so you should never invest what you cannot afford to lose. Kishu Inu (KISHU), another canine-themed meme coin, has grown exponentially since it launched in April 2021. KISHU includes participation rewards for active users, non-fungible tokens (NFTs), and a DEX called Kishu Swap.
Early investors can stake their DOGE20 right away, which gives an additional incentive to HODL onto the tokens when the presale ends. This way, the project aims to reduce selling pressure and maintain its value upon launch. Diversification is even more important in volatile trading environments. Consider this when researching the top meme coins 2024 discussed below.
While investors have missed the boat on Shiba Inu, there are many alternatives to consider. Another issue is finding solid info on the coin performance, so it’s hard to know what’s real and what’s just hype. Dogechain’s native token, $DC, gives its holders staking and governance incentives.
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Predicting which meme coin will reach $1 is speculative and uncertain due to the volatile nature of cryptocurrency markets. However, Dogecoin (DOGE) has historically been the closest to reaching this milestone. Other meme coins like Shiba Inu (SHIB) and Pepe (PEPE) have also attracted attention but reaching $1 remains uncertain. After all, if the meme coin is not successful, the investor will be left with worthless tokens. Instead, a more risk-averse approach would be to buy 10 different meme coins at $50 each.
Adding Memecoin (MEME) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. Starting as an agency writer, she soon branched out to freelance and later launched a family-run digital marketing agency. Although $ELON’s price was dropping throughout the last two years, it started to gain traction in 2024, which has bitcoin mining farms for sale 2020 raised hopes for a revival in the community. The team behind $FLOKI consists of crypto influencers and developers, among which are Byte Capital, Jackie Xu, and BPeta. Community members may have a point, because the $DC price grew 43% since last month and 17% within the last 24 hours. While it’s still 16% down from last year, the upward trend is evident.
The fair launch served as a guarantee that the team behind PEEN wasn’t going to commit a rug pull. The idea is genius in the sense that it uses the popularity of other meme projects, including Pepe, Sponge, and Doge, to attract new users. Meme coins are cryptocurrencies inspired by memes or jokes on the Internet and social media. Launched in 2013 as a parody, DOGE was inspired by the popular Doge meme of a Japanese Shiba Inu dog. The doggy duo Dogecoin (DOGE) and Shiba Inu (SHIB) led the meme coin pack and skyrocketed in price and market capitalization.
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Instead, they are digital tokens inspired by internet memes or created for the sheer enjoyment of the crypto community. The phenomenon started with Dogecoin, a token based on a popular Shiba Inu meme, which showed that even joke currencies could achieve significant market value. Today, meme coins are a significant part of the crypto market, drawing in both enthusiasts and investors looking for speculative opportunities. Another potential risk is that meme coins are heavily community-driven and are more speculative than the larger market capitalization cryptocurrencies. Their prices can rocket thousands of times from celebrity shilling or FOMO, or crash unexpectedly when the community decides to move on to the next meme coin. This strategy involves mimicking the trades of experienced cryptocurrency investors.
For a more comprehensive overview of DOGE, check out What Is Dogecoin?. The crypto industry has been booming recently, with many projects making significant gains. Just look at how Slothana, a Solana meme coin, raised almost $700,000 in one day after going… The remaining tax is allocated for liquidity, marketing, and project development. Right now, $SHIB has a market cap of over $14 billion, and its 24-hour trading volume exceeds $1 billion. Despite the major price dip, the Shiba Inu community remains bullish about the coin.
For other less prominent meme coins, you can go to decentralized exchanges. Meme coins might have seen exponential growth in 2021, but like all cryptocurrencies, trading and investing in meme coins carries high financial risk. Another reason why retail investors find meme coins attractive is that they typically only cost a few cents or even a fraction of a cent. Technically, the low price doesn’t mean much because these coins have huge supplies. Still, holding millions of a certain meme coin feels different than holding a fraction of ETH or BTC.