Meme Coins Taking Over — Top 5 Dog Coins Dominating the Market
LUCKNOW (CoinChapter.com) – Dog-themed cryptocurrencies or Dog coins originated as internet jokes. The first ever Dog coin, “Dogecoin”, came into existence in 2013. Initially intended as a satire, Dogecoin quickly developed a large community. After Dogecoin, several Dog themed meme coin emerged in crypto space that now hold substantial market value. Today, market cap of Dog coins stands at $30.2 billion, with 3.4% change in the last 24 hours. Here are top 5 most popular DOG coins that are currently dominating the market:
Most popular dog-themed meme coins by market cap. Source: CoinMarketCap Most Popular Dog Meme Coins: 1. Dogecoin (DOGE)
Dogecoin remains the most popular dog-themed meme coin with a market cap of approximately $14.75 billion. It ranks first among Dog themed cryptocurrencies by market cap. Endorsements from notable figures like Elon Musk have also contributed to Dogecoin’s popularity. Over the years, it has been widely used for tipping, charitable donations, and even as a payment option for some businesses.
DOGE/USD Daily Price Chart. Source: CoinMarketCap
As of today, Dogecoin is trading at approximately $0.10, with a 24-hour trading volume of around $541.83 million. Over the last 24 hours, Dogecoin has seen a price increase of 1.07%, although it has dipped by 3.22% over the past week.
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2. Shiba Inu (SHIB)
Another popular dog coin is Shiba Inu, often referred to as the “Dogecoin Killer.” Shiba Inu made its first appearance in August 2020. Unlike Dogecoin, which was initially created as a joke, Shiba Inu entered the market with a clear plan to build an ecosystem, including DeFi applications and NFTs.
SHIB/USD Daily Price Chart. Source: CoinMarketCap
Currently, Shiba Inu is priced at $0.000007, with a 24-hour trading volume of $344.68 million and a market cap of $8.42 billion. It has risen by 2.3% in the last 24 hours and has shown a slight gain of 0.7% over the past week, reflecting its volatile nature in the market.
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3. Dogwifhat (WIF)
Dogwifhat ranks third among top 5 dog-themed meme coins. It doesn’t have the same level of mainstream recognition like its counterparts. However, Dogwifhat managed to maintain a market cap of about $1.61 billion.
WIF/USD Daily Price Chart. Source: CoinMarketCap
Dogwifhat is currently valued at $1.61 per token, with a 24-hour trading volume of $515.72 million. It has increased by 0.9% in the last 24 hours but has experienced a slight decline of 0.8% over the last seven days.
4. Floki Inu (FLOKI)
Floki, another meme coin, takes its name from Elon Musk’s Shiba Inu dog. The token has built a strong presence in the market with a market cap of around $1.49 billion.
FLOKI/USD Daily Price Chart. Source: CoinMarketCap
Floki is currently trading at $0.000154, with a 24-hour trading volume of $649.65 million. However, it has faced a recent price drop of 2.8% in the last 24 hours and has declined by 9.0% over the past week.
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5. DOGS
DOGS Token is the latest addition to the dog-themed coins which launched recently in August. It recorded a $2 billion trading volume on its first day. Now, the token ranks among top 10 dog-themed meme coins. What differenciates DOGS from other dog-themed crypto is its origin. The token is part of a tap to earn game on the TON blockchain.
DOGS/USD Daily Price Chart. Source: CoinMarketCap
Currently, DOGS Token is priced at $0.001416, with a 24-hour trading volume of approximately $1.29 billion and a market cap of $731 million.
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