Which memecoins are popular?
Due to the high level of fluctuation, this is a difficult question to answer. Nevertheless, the following memecoins are particularly noteworthy.
WSM
This memecoin seeks to use humorous memes to poke fun at Wall Street and the traditional financial system. As of the time of writing, WSM market cap sits at over $40 million.
Kermit the frog with his cup of tea has been knocked off his meme throne thanks to the internet's favorite frog, Pepe. As of writing, the PEPE coin market cap is $464.84 million.
Shiba Inu (SHIB)
Did you know, upon receiving half of the SHIB coin distribution, Vitalik Buterin destroyed a considerable amount of it and gave another large chunk to the India Covid Relief Fund. As of November 2023, SHIB's market cap sits at $4.51 million.
It's no secret that DOGE is one of Elon Musk's favorite memecoins. So much so, before Twitter rebranded as X, the DOGECOIN logo replaced Larry the Bird. As we mentioned earlier, DOGE's market cap stands at $9.38 billion at the time of writing.
MEME
As the latest meme token to make waves in the memecoin space, Memecoin has zipped up the market cap rankings to reach a total of $1.74 million. Thanks to its ties to Memeland, the Web3 venture studio of 9GAG fame, MEME has attracted both crypto beginners and veterans as they go down the Memeland ecosystem rabbit hole.
The dogwifhat project team admits unashamedly it's just a "dog wif hat." But when it comes to memecoins, dogs-themed projects do have a history of success. Like many others, dogwifhat is a part of the Solana memecoin ecosystem. It only launched in late 2023 but already sits fourth highest among all memecoins by market cap at the time of writing.
The project's website has teased about a hat generator, which could mean there's a chance for you to generate your favorite hat on the dog. $BTC $ETH $SOL
