It’s an unreal timeline, one in which fundamentals and all that can make sense doesn’t seem to play any role in asset’s valuation. The most heretical and unique idea works, often without any explanation as to why. But have no fear, unlike fiction, it doesn’t have to make sense in reality. Meme coins derive their value in the most simplest manner possible, how much the people value them. They don’t claim to do anything much and admit that they are there for the meme value. You can continue arguing all day against the meme coins or you can embrace the dark side and make money. Let’s see the top 5 meme coins by market capitalization list and we were this close to adding Bitcoin to the list.
5. Baby Doge Coin (BABYDOGE) – Marketcap 517 Million Dólares
You thought that the father Doge was trouble? Wait until you meet the baby Doge. Again created as an experiment in memefication and community ownership, the baby Doge exists on the Binance Smart Chain (BSC). BABYDOGE features a burn mechanism and also redistributes some percentage amongst it’s holders via taxing, when somebody trades it on-chain, allowing holders to earn yield in an automatic manner. It’s number 5 on our meme coin and 171 in all asset’s list, which is incredible.
4. Samoyedcoin (SAMO) – Marketcap 534 Million Dólares
The number 4 on our top 5 meme coins list is Samoyedcoin, existing on the Solana blockchain. According to the website, samoyed or самоед is a breed of dog originating from Eastern Europe. A region from where Solana’s co founder Anatoly Yakavenko came from, it’s claimed to be Solana’s mascot and ambassador. But that’s not it, it also carries the name of FTX CEO – “Sam” Bankman-Fried. Solana Doge now, that be. With a market cap of $534 million, it’s also ranked 167 in all asset’s ranking by market cap!
3. YooShi (YOOSHI) – Marketcap 566 Million Dólares
We have another contender for the top 5 meme coins list from Binance Smart Chain (BSC) list. YooShi is ranked 3 on our list and features more than just a token. The weird looking frog / lizard hybrid features a game pad – where game developers can raise funds, a Yooshi Lab to incubate games and Play To Earn Guild Alliance to offer users the opportunity to earn via gaming. With a market cap of $566 million, it’s ranked 160 in all asset’s list.
2. Shiba Inu (SHIB) – Marketcap 39 Billion Dólares
The number 2 on our top 5 meme coins list and self-declared DOGE killer, Shiba is another meme and community based dog themed token. According to the official description “SHIB is an experiment in decentralized spontaneous community building”. SHIB has a total supply of 1,000,000,000,000,000 (or 1 quadrillion) tokens. The project is named after the breed of hunting dogs in Japan. It exists on the Ethereum blockchain, has a market cap higher than many (very serious) projects at a whopping $39 billion and is number 9 on the all asset’s list. It briefly took over Dogecoin as the leading meme-coin, but is now back at being the second (probably for a short while only!).
Number 1 In The Top 5 Meme Coin Dogecoin (DOGE) – Marketcap 40 Billion Dólares
The original meme coin (after Bitcoin of course), Dogecoin was launched on it’s own blockchain somewhere around 2013. Since then, it’s been an uphill battle for the dog themed token, until the year of the clown 2021, when it started to shoot upwards seeing a meteoric rise of over 20,000% in one year!
It has been heavily promoted by the world’s richest man Elon Musk, who seems to have taken an obsession with the cute dog and even funded a SpaceX project using the DOGE token. With a market cap of $40 billion, Doge is ranked 9 on the all asset’s list and ranks number 1 in the current top 5 meme coins list! It has a practically unlimited supply, but let’s not worry about that.
