Investors’ interest in memecoin projects continues to increase day by day. This interest has recently reached its peak, with the total market value of memecoin projects exceeding $100 billion.
The total market value of memecoin projects has reached $117.4 billion and continues to grow. This is the highest market value of all time. Investors are expected to continue to show interest in memecoin in the future. As such, fierce competition has begun among memecoin projects.
The memecoin with the highest market value is DOGE!
Elon Musk's interest in DOGE and his promotion of DOGE at every opportunity has had a huge impact. Trump's victory in the US elections and Elon Musk's major role in this victory brought DOGE even more to the forefront.
Trump appointed Elon Musk as the head of the Department of Government Efficiency, and the abbreviation D.O.G.E further increased the interest in the DOGE coin.
DOGE reached a market cap of $58 billion, making it the 6th largest cryptocurrency.
These statistics of DOGE, a memecoin, are tremendous and inspiring. DOGE's success has become a source of motivation for all memecoin projects. This interest in memecoins has also started the memecoin wars.
If we list the top 10 memecoin projects;
DOGE
Shiba
BABY
WIF
BONK
FLOKI
PNUT
POPCAT
BRETT
NEURO
DOGE is at the top of the list. Shiba comes right after. #Shiba It became the 11th largest cryptocurrency with a market value exceeding $15 billion. It had recently found a place in the top 10.
Memecoins were represented by 2 projects in the top 10 of the top cryptocurrencies. (After Shiba, it fell to 11th place)
Investors’ interest in memecoins continues to increase. There are various reasons for this situation. Memecoin projects can provide huge profits to their investors. The unpredictability of their potential attracts investors.
There were investors who made big profits in DOGE, Shiba and finally #PEPE . The social media usage of memecoin projects that stand out with their interesting names and logos is also very important. All these reasons attract investors.
At this point, it is necessary to open a parenthesis for #PNUT . PNUT, which entered the memecoin market like a storm, quickly became the 7th largest memecoin project. You can see PNUT's storm-like rise in the chart above. It is clearly seen in the charts that it is positively differentiated from other memecoin projects. The recent Binance listing was also very effective in this.
There is a huge competition between memecoins. DOGE is at the top of this competition and it seems to have a very solid place. Who can dethrone DOGE?
As long as Elon Musk continues to support it, it will be difficult to dethrone DOGE, but competition for other rankings will intensify. Memecoin projects that excite their community and increase their awareness will continue to stand out.
The memecoins we mentioned are now known by everyone and their potential has become understandable. Investors want to find new treasures. At this point, the most important thing you need is luck. There are some points that can help you besides luck.
Promotion is very important for a memecoin project. Memecoins that are unknown to investors and do not create excitement have a hard time standing out. For this reason, you can focus on memecoin projects that have strong social media usage and communication with investors.
At this point, we find the #BabyBonkCoin example very valuable. The BabyBonk team continues its work without losing motivation. They attach great importance to promotional activities and community events. In addition to major stock exchange listings, they stand behind their projects with promotional and burn events.
The ultimate goal for every project is to be listed on Binance. The BabyBonk team continues to work towards this goal and is trying to create its own community.
There are thousands of memecoin projects. It is not easy to attract attention and stand out among these projects. For this reason, sustainability is the most important point. We see that many memecoin project teams lose their motivation over time or have small goals.
Investors' interest in memecoins is obvious. It is impossible for teams that work properly and honestly not to find support. At this point, finding the right teams and the right memecoins is very valuable.
You should research. You should do your own research. You should feel it. We have listed the issues that can make a memecoin project stand out for you. In this context, I would be happy if you write your own comments to our article.