by BSC News
August 26, 2022
A look at five top dog-themed memecoin projects across several blockchain networks: Dogecoin, Shiba Inu, Dogelon Mars, Baby Doge Coin and Samoyedcoin.
Like Bitcoin and Ethereum, memecoins are cryptocurrencies. As the name implies, they portray memes in the form of funny images, videos, and any other kind of exciting media.
While they may seem like a joke, their popularity in the space has increased rapidly. Some have even broken the “meme” tag by introducing core utilities to their ecosystems. These utilities include Non-Fungible Tokens (NFTs), Decentralized Exchanges (DEX), GameFi, etc.
This story will look at five top memecoins by market capitalization across all chains and explore some of their features in the Decentralized Finance (DeFi) space.
Dogecoin is a popular memecoin based on the dog meme. The token, $DOGE, gained popularity in early 2021 when Elon Musk began tweeting about it. $DOGE currently has a market cap of $9.2 billion according to CoinMarketCap. The circulating supply is over 132 billion.
Shiba Inu is another memecoin inspired by the dog theme. Nicknamed the “DOGECOIN KILLER,” the token also gained popularity from tweets by Musk and Ethereum Co-Founder Vitalik Buterin. Its success created numerous copycats, including SHIBA2K22, Shibalana, King Shiba, and SpookyShiba. $SHIB has a current market cap of $7.5 billion with a circulating supply of over 549 trillion tokens.
As you can tell by its name, Dogelon Mars combines the dog theme and Elon Musk. The current market cap is $171 million with a circulating supply of over 548 trillion $ELON.
Baby Doge Coin was launched in 2021 with an ambitious roadmap comprising NFTs, GameFi, Pet Charity, and more. The token has a market cap of $166 million and its circulating supply is 115 quadrillion $BabyDoge.
Samoyedcoin was launched in 2021 amidst the rise of the dog-theme memecoin trend. $SAMO has a current market cap of $43 million and a circulating supply of more than 3 billion.
BSC News recommends you do proper research before investing in any of the preceding projects.
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