PEPE coin, a new Ethereum-based Meme token introduced on Sunday. The coin was namedgot its name after a cartoon character turned memetic icon Pepe the Frog. According to CoinGecko, the meme coin reached a market capitalization of $86M since its launch on Sunday, ranking sixthat the sixth position in the list of top Memecoin by market cap.
Pepe Coin surged nearly 270% in the past 24 hours, and touched athe high of $0.000003809. Investors have beenare adding up their positions with the price rising so strongly in less than five sessions.
Notably, Coingecko posted a tweet mentioning a list of top performing memecoins, which are offering profitable opportunities
Meme coins are on the rise today, with $PEPE leading the charge with a 399% gain 🐸
— CoinGecko (@coingecko) April 19, 2023
View the full list: https://t.co/1sqf05lMCK pic.twitter.com/rcIPNrmlEA
Here are the list of top memecoins as listed by CoinGecko:
Dogecoin:
Launched in 2013 as a joke cryptocurrency, DOGE has gained immense popularity in recent years, the credit of which can be mostly attributed tocredits to the endorsements from high-profile individuals like Elon Musk. DOGE has a market cap of over $40 billion and is currently ranked among the top 10 cryptocurrencies by market capitalization.
Shiba Inu
Released in 2020, SHIB, released in 2020, is a decentralized token on the Ethereum blockchain that has gained popularity due to its resemblance to Dogecoin. SHIB has a market cap of over $5 billion and has recently gained attention for its community-driven initiatives, such as donating a portion of its supply to India’s COVID-19 relief efforts.
BabydogeCoin
Baby Doge is a cryptocurrency created as a spinoff of the popular Dogecoin. Launched in June 2021, it aims to offer faster transaction times and lower fees than its parent currency. It has gained popularity among crypto investors and social media influencers, but like all cryptocurrencies, it carries high risk and volatility.
Floki Inu
Floki Inu is a relatively new cryptocurrency that has gained popularity thanks to its name, which references Elon Musk’s pet dog. As of press time, its market capitalization was around $333 million. However, like all cryptocurrencies, its value is highly volatile and subject to market fluctuations, so investors should approach it cautiously with caution.
Dogelon Mars
Dogelon Mars is a relatively new cryptocurrency that was launched in May 2021. As of writing, its market capitalization was around $169 million. It is known for its high volatility and rapid price movements, making it an attractive investment for some traders but a risky one for others.
