Meme coins have become an integral part of the cryptocurrency market and culture, starting with Dogecoin in 2013. PEPE coin was the latest craze, but its market cap has dropped 70% from its all-time high achieved 30 days ago. Despite this, meme coins are not dead, and there are still four meme coins worth following:
Four Meme Coins to Watch
The following meme coins have established liquidity across both centralized and decentralized exchanges.
Dogecoin (DOGE)
DOGE is the largest meme coin by market capitalization and has been around the longest with the most established market. It has sufficient liquidity and is traded across major cryptocurrency exchanges. Elon Musk and other celebrities have supported DOGE, and it continues to be a driving force in the meme coin market.
Shiba Inu (SHIB)
SHIB is the second-largest meme coin by market capitalization, and it gained tremendous popularity in 2021. However, it has since dropped 90% and has faced delays in upcoming protocol iterations. SHIB is known to be volatile and can catch investors off guard with its expansive moves.
Floki Inu (FLOKI)
FLOKI is another dog-inspired meme coin, named after Elon Musk’s dog Floki. Its team launched a widespread ad campaign in 2022, which was the first advertisement meme coin campaign of its kind. It is influenced by the movements of SHIB and DOGE, and its market movements are commonly a precursor to significant moves.
Dogelon Mars (ELON)
ELON is a space-themed meme coin that references Elon Musk’s quest to populate Mars. It has a market cap of over $110 million and is affected by Elon Musk’s tweets.
Conclusion
PEPE coin’s price madness seems to be winding down, and other meme coins may experience moves in the market. Monitoring established names in the meme coin market, such as DOGE, SHIB, FLOKI, and ELON, may be a good idea.
