<p>Dogecoin, Shiba Inu, Floki, Bone ShibaSwap, and Dogelon Mars are some of the current top meme coins in terms of market capitalization.</p><p>Pepe has been the biggest meme coin this year. But because it’s based on the Ethereum blockchain, its popularity caused major on-chain congestion. This gave rise to BRC-20 tokens, which have taken over the Bitcoin network recently. There are approximately 14,079 BRC-20 tokens in total, and this includes many meme coins.</p><p>Meme coins have exploded again in 2023, and these new coins are being minted using the BRC-20 standard. BRC-20 is a new token standard that allows for the minting and transferring of fungible tokens via the Ordinals protocol on the Bitcoin blockchain.Meme coins are particularly volatile and despite proving very popular this year, the BRC-20 token standard is still early in its use and quite experimental, so traders should invest with caution and always practise strict risk management.</p><h2 id="header-0">The biggest meme coins by market cap</h2><h3 id="dogecoin">Dogecoin</h3><p>Created in 2013 as a joke, <a href="https://cryptology.com/trading/DOGE_BTC" rel="noopener noreferrer nofollow">Dogecoin</a> has become the most valuable meme coin and started the trend for meme-inspired cryptocurrencies. It is based on the Shiba Inu dog meme, and thanks to support from Elon Musk, Dogecoin has gone on to build a respected place in the crypto community.</p><ul><li>Market cap: $10.06 billion</li><li>Circulating supply: 139 billion DOGE coins</li></ul><h3 id="floki">Floki</h3><p>Named after Elon Musk&#39;s dog, Floki differentiates itself from other meme coins by offering real-world utility through a range of DeFi and NFT-based products including a marketplace. gaming metaverse and prepaid cards.</p><ul><li>Market cap: $520.9 million</li><li>Circulating supply: 9.7 trillion FLOKI coins</li></ul><h3 id="shiba-inu">Shiba Inu</h3><p>Following in Dogecoin&#39;s footsteps, Shiba Inu is another dog-themed meme coin that has gained a supportive community and interest from crypto traders. After initially launching in 2020 it made serious gains, but soon fell before getting a second wave and hitting its all time high (ATH) of $0.000075 at the end of October 2021.</p><ul><li>Market cap: $5.8 billion</li><li>Circulating supply: 589 trillion SHIB coins</li></ul><h3 id="dogelon-mars">Dogelon Mars</h3><p><a href="https://blog.cryptology.com/buy-sell-and-trade-elon-token/" rel="noopener noreferrer nofollow">Dogelon Mars</a> combines the themes of dogs and Elon Musk, making it a top meme coin by market cap. With a charitable launch and the project’s strategy revolving around decentralization and fairness, the dev team didn’t hold a presale or keep any ELON tokens for themselves, they just focused on building an honest, universal currency for everyone.</p><ul><li>Market cap: $140.1 million</li><li>Circulating supply: 549.7 trillion ELON coins</li></ul><h3 id="bone-shibaswap">Bone ShibaSwap</h3><p>A decentralized exchange and governance token associated with the Shiba Inu ecosystem, allowing holders to vote and propose protocol changes.</p><ul><li>Market cap: $196.3 million</li><li>Circulating supply: 229.9 million BONE coins</li></ul><h2 id="header-1"><strong>The most popular meme coins this year</strong></h2><p>April 2023 marked the rise of meme coin season, led by Pepe, a meme coin based on the character Pepe the Frog. Investing in meme coins carries high risk, requiring careful research and risk management.</p><h3 id="pepe">Pepe</h3><p>While not the top meme coin by market cap, Pepe experienced significant price growth since its launch in April 2023, and single handedly kicked off meme coin season. At its peak the PEPE token reached a market capitalization of $1.5 billion.</p><ul><li>Market cap: $969.1 million</li><li>Circulating supply: 420.7 trillion PEPE coins</li></ul><h3 id="ai-doge">AI Doge</h3><p>AIDOGE combines the popularity of dog-themed meme coins with artificial intelligence, riding both the meme coin and AI trends in Spring 2023.</p><ul><li>Market cap: $119.5 million</li><li>Circulating supply: 199.5 quadrillion AIDOGE coins</li></ul><h3 id="miladys">MiLadys</h3><p>The MiLadys meme coin was created to capitalize on the meme coin craze this year. Off the back of Pepe’s success, and thanks to a tweet by Elon Musk, the $LADYS token saw its value skyrocket by over 7000% over seven days.</p><ul><li>Market cap: $88.3 million</li><li>Circulating supply: 734.366 traillion</li></ul><h3 id="wojak">Wojak</h3><p>WOJAK aims to build a decentralized network that connects users through the power of memes, with the WOJAK coin serving as the network&#39;s native currency.</p><ul><li>Market cap: $60 million</li><li>Circulating supply: 69.4 billion WOJAK coins</li></ul><p>Remember, investing in meme coins, including the most popular ones, carries risks. Traders should exercise caution, conduct thorough research, and manage their risks appropriately. Volatility is a common characteristic of meme coins, so it&#39;s crucial not to invest more than one can afford to lose.</p>

This year’s top meme coins by market capitalization and popularity

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