Meme coins are a type of cryptocurrency that, as their name suggests, are motivated by memes, interesting images, videos, or other types of media. The most common and well-known examples are Shiba Inu and Dogecoin.
Meme cryptocurrencies saw a meteoric rise in value during the 2021 bull market, driven by tokens like Dogecoin. However, as the overall market experienced a sell-off over the past year, the value of the majority of meme coins fell precipitously. Notably, some meme coins continue to be in the spotlight thanks to developments in the network and use cases. According to Coinmarketcap, top five meme coins to watch in the first week of January 2023.
5 Top Meme Coins To Add In Your Portfolio This Week
Bonk (BONK)
The Bonk, also known as BONK, is the people’s dog coin. It is the first Solana Dog Coin designed by and for the people. Bonk was distributed as an airdrop to Solana non-fungible token (NFT) communities and creators. Although Bonk is gaining traction, it will be interesting to see if the token follows in the footsteps of other meme coins.
Bonk’s price today is $0.000004058, with a market capitalization of $410 million and a 24-hour trading volume up by 3506%. Now it stands at $190 million. At the same time, the circulating supply is approximately 56,000,000,000,000 BONK.
Dogecoin (DOGE)
Dogecoin (DOGE) is an open-source, peer-to-peer cryptocurrency. It was introduced in December 2013 as an alternative cryptocurrency, and its logo is a Shiba Inu dog. The blockchain of Dogecoin has merit because it uses Litecoin’s underlying technology.
Dogecoin’s price today is $0.07412, with a market capitalization of $ 9.8 B and a 24-hour trading volume up by 12.57%. Now it stands at $384 million. At the same time, the circulating supply is approximately 132,670,764,300 DOGE.
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Shiba Inu (SHIB)
Shiba Inu (SHIB) is an alternative currency based on Ethereum that includes Shiba Inu. Its mascot is a hunting dog of Japanese origin. A popular Dogecoin substitute is Shiba Inu. Shiba Inu advocates even refer to it as “the Dogecoin killer.”
Shiba Inu’s price today is $0.000008595, with a market capitalization of $ 5 B and a 24-hour trading volume up by 114%. Now it stands at $198.8 million. At the same time, the circulating supply is approximately 549,063,278,876,302 SHIB.
Floki Inu (FLOKI)
Shiba Inu’s success led to the development of Floki Inu (FLOKI). The Floki community is currently concentrating on developing NFT marketplaces, games with a metaverse, and educational platforms.
Floki Inu’s price today is $0.00000786, with a market capitalization of $ 78.5 million and a 24-hour trading volume up by 2.33%. Now it stands at $1.9 million. At the same time, the circulating supply is approximately 9,060,943,334,243 FLOKI.
Samoyedcoin (SAMO)
Compared to the typical “dog coin” formula, Samoyedcoin (SAMO) makes a few modifications. Samoyedcoin makes use of the Samoyed, one of the 14 historic dog breeds that most closely resemble wolves. It is also the first meme token to be released on the Solana blockchain. One of its primary goals is to act as Solana’s ambassador and to provide new users with access to the network.
Samoyedcoin’s price today is $0.003499, with a market capitalization of $ 16.5 million and a 24-hour trading volume up by 28.20%. Now it stands at $2.1 million. At the same time, the circulating supply is approximately 3,657,134,467 SAMO.
Disclaimer: This is not investment advice. Please do your due diligence before investing in any asset.
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
