Top 3 meme coins by market cap

Be the First to Comment Read

Top 3 meme coins by market cap

 Top 3 meme coins by market cap
Image source:


  • Cryptos are divided into different categories for a proper understanding of how each project works
  • Under the meme category, CoinMarketCap has listed over 300 crypto assets, topped by Dogecoin
  • Meme cryptocurrencies have lost substantial value this year, with Shiba Inu down more than 70%

Which is the best asset in the cryptoverse? The answer to this question is debatable. First, not all cryptocurrencies fall under the same category. Bitcoin was only the beginning, which served as a precursor for the launch of altcoins.

Altcoins can be either blockchain network tokens like ETH or metaverse cryptos like MANA or meme coins like DOGE and so on. An asset in any of these sub-categories can gain or lose value in a manner that does not mirror the wider cryptoverse trend. Even large-cap cryptos like Bitcoin and ETH can manifest price volatility and so can mid and small caps. By this measure, no single cryptocurrency can be termed as the ‘best’.

One way to weigh the dominance of any asset can be its market cap. Even though Bitcoin rules overall in this respect, the ranking differs in every sub-category. Below are the top three meme cryptos by market cap.

1. Dogecoin (DOGE)

Dogecoin is best known as the cryptocurrency that seemingly has the backing of the world’s wealthiest person. Elon Musk has talked about Dogecoin in a number of tweets. Dogecoin was also declared by Tesla as an asset that can be used to buy the company’s merchandise.

In the meme category, Dogecoin leads by a sizeable margin. It has a market cap of nearly US$9 billion, as of writing. Dogecoin also leads in terms of the trading volume. Musk recently favoured DOGE as the token to be used within Twitter’s rewards ecosystem. According to some, meme tokens might one day be used to reward users for their content on platforms like Reddit, and Twitter.

On a year-to-date (YTD) basis, Dogecoin is down almost 60%.

Also read: Top 3 metaverse cryptos by market cap: AXS no longer on list

2. Shiba Inu (SHIB)

Similar to how Bitcoin gave birth to altcoins, Dogecoin served as an inspiration for new meme tokens. Shiba Inu is by far the most popular meme crypto to have rivalled Dogecoin.

Shiba Inu’s market cap is nearly US$5.5 billion, as of writing. SHIB’s trading volume is often compared with that of DOGE. But in terms of price, SHIB has a very low price per token. It is one of the cheapest cryptos in the top 100 list of cryptocurrencies across all categories.

According to some reports, SHIB was the most popular cryptocurrency last year. It is also being reported that the ecosystem can soon include a metaverse and a stablecoin. The former can help it compete with tokens like MANA, while the latter can pit it against stablecoins like Tether.

Market Cap

Data provided by

3. Dogelon Mars (ELON)

Meme cryptos usually start with a joke with no focus on their wider utility. Dogelon Mars is largely based on the same concept.

Dogelon Mars is also the newest meme crypto among the three. A major bull rally was noticed in the price of the crypto in October last year. In terms of name, the project borrows from Dogecoin, and Elon Musk. The segment Mars refers to the journey to the Mars, also suggesting that the price of Dogelon Mars can one day rise in the same manner.

As of writing, the token with ticker ELON has a market cap of nearly US$200 million.

Bottom line

Only two cryptos, DOGE and SHIB, can be said to be ruling the meme coin space. This year has been very dull for cryptos across all categories. This might be why DOGE and SHIB have held onto their leading positions with no major competition from new launches.

Also read: NFT corner: What makes Funko Digital Pop! and Phanta Bear NFTs unique?

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.


Speak your Mind

Featured Articles

kalkine logo


Top Penny Picks under 20 Cents to Fit Your Pocket! Get Exclusive Report on Penny Stocks For FREE Now.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK