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- Find out which meme coins are worth considering
- Know key differences between meme coins available
- Explore if investing in a meme coin can be beneficial
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Mark Hooson,Laura Howard
Forbes Staff,Forbes Staff
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A memecoin is a cryptocurrency founded on a kind of internet ‘in-joke’, but the sizes of some of these tokens is no joke at all. We’ve taken a look at some of the biggest memecoins and ranked them according to their market caps.
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- Top Meme Coins
- Dogecoin (DOGE)
- Shiba Inu (SHIB)
- Pepe (PEPE)
- Bone ShibaSwap (BONE)
- What is a memecoin?
- Where can memecoins be traded?
- More Resources in Cryptocurrency
Top Meme Coins
- Dogecoin (DOGE)
- Shiba Inu (SHIB)
- Pepe (PEPE)
- Bone ShibaSwap (BONE)
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Dogecoin (DOGE)
Market Capitalisation
£7.4 billion
Market Capitalisation
£7.4 billion
Why We Picked It
If Bitcoin was the original cryptocurrency, Dogecoin was the original memecoin. In fact, Dogecoin was conceived as a parody of cryptocurrencies back in 2013.
The eponymous Doge is a shiba inu dog that has appeared in memes since 2005, surrounded by text made up of broken English, as if spoken by the confused canine.
With a market cap of £7.4 billion, DOGE is the world’s biggest memecoin. It currently trades at around £0.05 per token. DOGE has a large following, partially because it’s been backed publicly by Twitter and Tesla owner Elon Musk.
Dogecoin Price
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Shiba Inu (SHIB)
Market Capitalisation
£3.5 billion
Market Capitalisation
£3.5 billion
Why We Picked It
Another dog-themed memecoin, Shiba Inu (SHIB) was created anonymously in August 2020 and is based on the same set of internet memes as Dogecoin.
It has a market cap of £3.5 billion and peaked in value at £0.00005 during October of 2021 after it was added to major crypto exchange Coinbase. Currently, SHIB is valued at £0.000006.
Shiba Inu price
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Pepe (PEPE)
Market Capitalisation
£523 million
Market Capitalisation
£523 million
Why We Picked It
Falling way behind DOGE and SHIB in terms of market capitalisation, Pepe is a memecoin based on a meme popularised by the often-problematic image board website, 4chan.
Controversy aside, the cartoon-frog-fronted memecoin has made a big splash since launching in the spring of 2023. Its market cap is now around £500 million, but peaked at £1.17 billion in May, shortly after launch.
PEPE currently trades at £0.000001.
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Bone ShibaSwap (BONE)
Market Capitalisation
£223 million
Market Capitalisation
£223 million
Why We Picked It
BONE is a governance token used by members of the Shiba Inu (SHIB) community on the decentralised ShibSwap exchange. Members spend BONE tokens to vote on the direction of the exchange’s future.
Its market cap peaked at £387 million but is now £223 million. Its value peaked at £2.37 in November 2021, and now trades at £0.95.
What is a memecoin?
Bitcoin is the original and biggest cryptocurrency. Every other cryptocurrency is known as an altcoin. Some altcoins are themed around internet memes. These are memecoins.
Memetic theory came from evolutionary biologist and educator Richard Dawkins. In his 1976 book The Selfish Gene, Dawkins coined the term meme to describe the way ideas and cultural phenomena are passed down and adapted, changing over time. Memes are to sociology what genes are to biology.
Today, the term meme usually refers to image-based jokes that are effectively one-panel, digital comic strips. People share memes online, often after putting their own spin on them.
Popular memes include the Shiba Inu ‘Doge’, which became the basis for several meme coins, and Pepe the frog, which became a memecoin in 2023.
Where can memecoins be traded?
The bigger memecoins such as DOGE and SHIB are listed on major crypto exchanges such as Coinbase and eToro. We’ve listed our pick of the best crypto exchanges.
Memecoins, like any cryptocurrency, are volatile and unpredictable. The UK’s financial watchdog has repeatedly warned would-be investors that they should be prepared to lose everything they put into crypto markets.
The crypto market is also unregulated in the UK, for the time being. This means there’s no support or recourse if investors lose money because, for example, their exchange went bust.
Featured Partners
1
Mudrex
Legacy
Over 1 Million Investors Trust Mudrex for Their Crypto Investments
Security
Mudrex is Indian Govt. recognized platform with 100% insured deposits stored in encrypted wallets
Fees
Enjoy zero crypto deposit fees and industry’s best fee rates.
On Mudrex’s secure application
2
BlackBull Markets
Multiple Award-Winning Broker
Listed On Deloitte Fast 50 index, 2022 Best Global FX Broker – ForexExpo Dubai October 2022 & more
Best-In-Class for Offering of Investments
Trade 26,000+ assets with no minimum deposit
Customer Support
24/7 dedicated support & easy to sign up
On BlackBull Market’s secure website
3
Uphold
Grow Your Passive Income
250+ cryptoassets available
Why Uphold
Just $1 minimum deposit
Fees
Enjoy 0% bank deposit & withdrawal fees*
On Uphold’s Website
Please invest carefully, your capital is at risk
More Resources in Cryptocurrency
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