Top 3 Crypto Meme Coins Making Waves in 2024
Dogecoin
In 2013 Dogecoin emerged as a crypto, playfully paying homage to the renowned internet meme featuring a Shiba Inu dog. Differing from Bitcoin’s finite supply, Dogecoin does not have a limit on the number of coins that can be generated. It employs a proof-of-work consensus algorithm where miners utilise computational power to solve intricate mathematical problems, validating transactions and earning Dogecoin rewards. While Dogecoin gained popularity in early 2021 due to endorsements from celebrities like Elon Musk, its value has exhibited high volatility. Primarily utilised for online tipping and microtransactions, Dogecoin can also be exchanged for other cryptos or traditional fiat currency. Currently, Dogecoin is trading at $0.14, with a total market value amounting to $21 Billion
Shiba Inu
Introduced in August 2020 as a direct rival to Dogecoin, Shiba Inu (SHIB) is a crypto operating on the Ethereum blockchain. Utilising a proof-of-stake consensus algorithm, SHIB selects validators based on the quantity of SHIB tokens they possess, rather than computing power. An individual or group known as “Ryoshi” anonymously created this asset, aiming to establish a decentralised community of SHIB holders capable of exchanging tokens and participating in governance decisions. Its value has displayed remarkable volatility, with the primary usage revolving around speculative trading rather than acting as a payment method. Presently, SHIB is trading at $0.00002275, boasting a market capitalisation of nearly $13 Billion
Pepe Coin
Pepe Coin is a recently introduced crypto that derives inspiration from the well-known “Pepe the Frog” meme. This project boasts a circulating supply of 420 trillion tokens, with more than 90% securely locked in liquidity pools. Since its inception, Pepe Coin has witnessed a noteworthy upsurge in market capitalization, nearly reaching $3.3 Billion and it is currently trading at $0.000008424. While investing in meme coins entails considerable risk
