According to U.Today, former Goldman Sachs analyst Murad Mahmudov has predicted that over 25 meme coins will soon be among the top 100 largest cryptocurrencies by market capitalization. Currently, there are seven meme cryptocurrencies in the top 100, based on data from CoinGecko. Dogecoin (DOGE) remains the largest meme cryptocurrency by market cap. Originally a Bitcoin copy, DOGE gained significant attention in 2013 and saw a surge in popularity in 2021, partly due to endorsements from celebrities like Tesla CEO Elon Musk. Despite being far from its 2021 peak, DOGE is still valued at $14 billion, maintaining its position among the top players in the crypto market.
Shiba Inu (SHIB) is the second-largest meme coin, with a market value of $7.9 billion. This main rival to Dogecoin garnered significant media attention in late 2021 after briefly surpassing DOGE following a substantial rally. Although its price action has been relatively stagnant over the past two years, SHIB remains one of the largest cryptocurrencies. Pepe (PEPE), another meme coin aiming to challenge DOGE and SHIB, currently holds the 27th position. Solana-based canine meme coin dogwifhat (WIF) is in 51st place after experiencing significant price gains earlier this year. Other meme coins in the top 100 include Bonk (BONK), Floki (FLOKI), and Brett (BRETT), with BRETT being the only one among them with a market capitalization below $1 billion.
There are also other meme coins that could soon enter the top 100. These include Popcat (POPCAT), BOOK OF MEME (BOME), and Mog Coin (MOG). Mahmudov's prediction suggests a growing trend and interest in meme coins within the cryptocurrency market, indicating that more such coins could achieve significant market capitalizations in the near future.
