These 9 Meme Coin Make the Top 100 Tokens Based on Crypto Market Cap
2024-07-22Bittime - In recent years, the meme coin trend has become an interesting phenomenon in the cryptocurrency world. Data from CoinGecko shows that 9 of the Top 100 Tokens by market capitalization are meme coins.
Meme Coins in Crypto Market Cap
Meme coins, which were initially seen as just a joke or experimental project, have managed to attract the attention of many investors. Here are 9 meme coins that are included in the top 100 cryptocurrencies based on crypto market capitalization.
- Dogecoin (DOGE): DOGE is a pioneer in the meme coin category and remains the leader with the largest market capitalization among other meme coins. Currently, DOGE is trading at $0.1394 with an increase of 19.9% in the last 7 days.
- Shiba Inu (SHIB): SHIB, often referred to as the “Dogecoin Killer”, also showed impressive performance. Currently, SHIB is trading at $0.00001806 with an increase of 1.1% in the last 7 days.
- Pepper (PEPPER): PEPE, inspired by the internet meme Pepe the Frog, has increased by 27.3% in the last 7 days and is trading at $0.0000124.
- dogwifhat (WIF): The WIF token recorded a significant increase of 58.2% in the last 7 days, making it one of the fastest growing meme coins.
- Bonk (BONK): BONK has increased by 28.6% in the last 7 days and is currently trading at $0.00003166.
- Floki Inu (FLOKI): FLOKI, inspired by Elon Musk's dog Floki, saw an increase of 30.7% in the last 7 days.
- Brett (BRETT): The BRETT token has seen an increase of 19.8% in the last 7 days, and is currently trading at $0.1437.
- Popcat (POPCAT): POPCAT recorded an increase of 46.4% in the last 7 days, making it one of the best performing meme coins.
- Mog Coin (MOG): MOG experienced an increase of 17.8% in the last 7 days and managed to enter the top 100 cryptocurrencies by market capitalization.
Why is Meme Coin Popular?
The popularity of meme coins can be caused by these factors.
- Strong Community Support: Meme coins are often supported by very active and loyal communities. This support plays an important role in increasing the adoption and value of the token.
- Influence of Social Media: Social media platforms like Twitter and Reddit have played a big role in popularizing meme coins. Viral campaigns and endorsements from well-known figures can also quickly increase interest in these tokens.
- Innovation and Development: Several meme coin projects continue to develop the ecosystem by introducing new and interesting features, which can increase the appeal and utility of the token.
- Investor Speculation: Many investors are attracted to meme coins because of their high profit potential. High price volatility offers investors the opportunity to make huge profits in a short period of time.
Meme Coin: High Potential for Profits and Losses
Meme coins have succeeded in attracting huge attention and investment in the cryptocurrency market. With 9 meme coins in the top 100 cryptocurrencies by market capitalization, these tokens have successfully demonstrated that meme coins have strong appeal among investors.
However, although it offers high profit potential, investing in meme coins also carries significant risks. So, you should always do in-depth research and consider the risks before deciding to invest in meme coins.
How to Buy Crypto with Bittime
You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
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