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Memecoin is a kind of Cryptocurrency As the name suggests, it is motivated by memes, interesting images, videos, or other types of media.The most common and well-known examples are Shiba Inu and dogecoin.
Memetic cryptocurrencies surged in value during the 2021 bull market, driven by tokens like Dogecoin.However, as the market as a whole has fallen over the past year, the value of most memecoins has fallen precipitously. . according to coin market capitalizationthe top 5 meme coins to watch in the first week of January 2023.
Bonk, also known as Bonk, is the coin of the people’s dog. This is the first Solana Dog coin designed by people, for people. Bonk was distributed to Solana as an airdrop Non-fungible token (NFT) community and creators. Bonk is gaining momentum, but it will be interesting to see if the token follows in the footsteps of other memecoins.
Bonk is priced at $0.000004058 today and has a market cap of $410 million with a 3506% increase in 24-hour trading volume. Currently, it has reached $190 million. At the same time, the circulating supply is about 56,000,000,000,000 BONK.
Dogecoin (DOGE) is an open source peer-to-peer cryptocurrency. Introduced as an alternative virtual currency in December 2013, the logo is a Shiba Inu. The Dogecoin blockchain benefits from the underlying technology of Litecoin.
Dogecoin is priced at $0.07412 today, with a market cap of $9.8 billion and a 12.57% increase in 24-hour trading volume. Today, that amount is $384 million. At the same time, the circulating supply is about 132,670,764,300 DOGE.
Also read: What is real estate NFT? What impact will it have on the real estate sector?
Shiba Inu (SHIB) is an alternative currency based on Ethereum that includes Shiba Inu. The mascot is a Japanese hunting dog. A popular substitute for Dogecoin is the Shiba Inu. Shiba Inu supporters even call it the “Dogecoin killer.”
Shiba Inu price today is $0.000008595 with a market cap of $5 B and a 114% increase in 24-hour trading volume. It’s now $198.8 million. At the same time, the circulating supply is approximately 549,063,278,876,302 SHIB.
The success of Shiba Inu led to the development of FLOKI. The Floki community is currently focused on developing an NFT marketplace, a game with a metaverse, and an educational platform.
Floki Inu is priced at $0.00000786 today, with a market cap of $78.5 million and a 2.33% increase in 24-hour trading volume. Currently, it has reached $1.9 million. At the same time, the circulating supply is approximately 9,060,943,334,243 FLOKI.
Compared to the typical “dog coin” formula, Samoyedcoin (SAMO) makes some changes. The Samoyed Coin utilizes the Samoyed, one of 14 historical dog breeds that most closely resemble wolves. It is also the first meme token to be released on the Solana blockchain. One of its main goals is to act as an ambassador for Solana, giving new users access to the network.
Samoyed Coin price today is $0.003499 with a market cap of $16.5 million and a 28.20% increase in 24-hour trading volume. Currently, it has reached $2.1 million. At the same time, the circulating supply is approximately 3,657,134,467 SAMO.
Disclaimer: This is not investment advice. Exercise extreme caution before investing in any asset.
Also read: What is Music NFT? How are they changing the music industry?
The content presented may contain the author’s personal opinions and is subject to market conditions. Do market research before investing in cryptocurrencies. The author or publication accepts no responsibility for your personal financial loss.
