Meme Coin Market Cap Explained: A Beginner's Guide

Meme coins have become increasingly popular, but understanding their market cap can be overwhelming. Market capitalization, or market cap, is the total value of all outstanding coins in circulation.

Market cap is a crucial metric for investors and traders, as it helps them gauge a coin's size and potential for growth. A higher market cap often indicates a more established and liquid market.

A market cap of $10 million might seem small, but it's still a significant milestone for a new meme coin. This is because it shows that the coin has already gained traction and has a dedicated community of supporters.

For example, Shiba Inu's market cap surpassed $10 billion, making it one of the largest meme coins in the market. This rapid growth is a testament to the coin's popularity and widespread adoption.

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A meme coin is a type of cryptocurrency that doesn't take itself too seriously, unlike more established coins like Bitcoin and Ethereum.

Dogecoin, often regarded as the first meme cryptocurrency, was created in 2013 by software engineers Billy Markus and Jackson Palmer, and its name comes from a popular meme featuring a Shiba Inu dog named Kabosu.

Meme coins can range from cute to vulgar, with examples like Mini Baby Doge and DiarrheaCoin showcasing the diversity of this category.

A meme coin is a type of cryptocurrency that doesn't take itself too seriously. It's often created as a joke or a parody of more serious digital currencies like Bitcoin and Ethereum.

Dogecoin, widely regarded as the first meme cryptocurrency, was created in 2013 by software engineers Billy Markus and Jackson Palmer. The Doge name comes from a popular meme featuring a Shiba Inu dog named Kabosu.

Meme coins can range from the very cute to the very vulgar, with examples including Mini Baby Doge and DiarrheaCoin. Sometimes, the only purpose behind meme cryptocurrencies seems to be giving someone a laugh.

There are various types of tokens and coins in the cryptosphere, but meme cryptocurrencies often follow a get-rich-quick purpose.

For your interest: What Drives the Price of Cryptocurrencies

Elon Musk's involvement in the crypto space is a significant factor in the rise of meme coins. He has been involved with Bitcoin and crypto since around 2019 and 2020.

Musk has even spearheaded Tesla accepting Bitcoin payments, albeit for a short period. This move has had a lasting impact on the crypto community.

Musk's tweets about cryptocurrencies like Dogecoin have drastically increased or decreased their value, earning him both love and hate from the community.

Memecoin, also known as MEME, is a native ecosystem token of Memeland, a web3 venture pioneered by the popular meme platform 9GAG.

Memecoin exists purely for the realization of 100% memes, carrying the label of a meme coin with no utility, no promises, and evoking no expectations of financial returns.

The team behind 9GAG and Memeland has been pioneering community-based products for over 15 years, collaborating with hundreds of brands, thousands of creators, and reaching millions of fans.

Memecoin has a total supply of 69,000,000,000, with an approximate circulating supply of 8,797,500,000, roughly 12.75% of the total token supply.

Memeland has managed to raise 15.80MM USD from two rounds of presales, where 12.00% and 11.00% of the token supply were sold at 0.001 USD / MEME to private investors and the Memeland community, respectively.

Memeland is continually evolving, with several upcoming features and projects on its roadmap, including GMGM.com to facilitate SocialFi, Proof of Fandom, and the Creator Economy.

Dogecoin, a meme coin that rose to fame in 2021, was launched in 2013 with an abundant supply of 10,000 new coins mined every minute. Its value surged, driven by social media influence and support from figures like Elon Musk, making it one of the top cryptocurrencies by market capitalization.

Dogecoin's strong community support and widespread recognition make it an attractive option for investors in the current market cycle. Its potential lies in its ability to showcase the power of community and social media in shaping financial markets.

Here are some notable meme coins, ranked by their current market weight:

The Shiba Inu, another popular meme coin, has a significant market presence, with a weight of 28.53%.

To invest in meme coins, you'll often need to have a cryptocurrency to trade for them.

Some meme coins are available on popular exchanges like Kraken, Robinhood, or Coinbase, but most aren't accepted due to safety and value standards.

You can find meme coins like SpacePenguin (PNGN) or Tendies (TEND) on decentralized exchanges (DEXs) like PancakeSwap.

To buy meme coins, you'll often need to have a cryptocurrency to trade for them, like SpacePenguin (PNGN) or Tendies (TEND).

Some meme coins are available on popular centralized exchanges like Kraken, Robinhood, or Coinbase, but they don't always meet safety and value standards.

Most meme coins are only available for trading or swapping on decentralized exchanges (DEXs) like PancakeSwap.

You can learn more about buying cryptocurrencies with a guide that's available online.

Investing in digital assets can be a complex process, but understanding the top components can help you make informed decisions.

Dogecoin is the largest component, making up 31.75% of the market.

The second-largest component is Shiba Inu, accounting for 28.53% of the market.

Pepe, specifically the variant pepe.vip, is the third-largest component, taking up 22.57% of the market.

Here are the top components at a glance:

The price of MEME today is a key metric to consider when thinking about investing in this cryptocurrency. The current price of MEME is $-0.000258, which represents a -2.26% change from yesterday.

This decline is part of a larger trend, as the price of MEME has decreased by $-0.00639 over the past 30 days, a drop of -36.38%.

However, it's worth noting that the price of MEME has shown some volatility, increasing by $0.000236 over the past 60 days, a gain of +2.16%.

If you're considering investing in MEME, it's essential to keep an eye on these fluctuations and adjust your strategy accordingly.

Here's a summary of the price changes for MEME over the past few months:

Meme coins are a unique breed of cryptocurrency that doesn't need a specific purpose to hold value. They often have the sole goal of "going to the moon", a phrase popularized by Dogecoin's skyrocketing price in early 2021.

The total supply of Memecoin (MEME) is 69,000,000,000, with approximately 8,797,500,000 circulating, which is roughly 12.75% of the total token supply. This is a stark contrast to traditional cryptocurrencies like Bitcoin and Ethereum, which have a more defined purpose and underlying value.

Memecoin, like other meme coins, often uses tools like reflection and coin burning to reward early investors and boost value.

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Meme cryptocurrencies don't need a specific purpose tied to their value like Bitcoin and Ethereum.

Bitcoin was the first decentralized cryptocurrency that allowed private peer-to-peer transactions without government intervention.

Meme coins often have the sole purpose of "going to the moon", a phrase popularized by Dogecoin's price surge in early 2021.

Many meme coins reward early investors with tools like reflection and coin burning to boost value.

These tools award holders with additional coins and decrease the coin supply to increase the value of the remaining coins.

Dogecoin's price surge in early 2021 is an example of a meme coin's potential for rapid price increases.

A fresh viewpoint: Difference between Market Cap and Enterprise Value

If you've missed out on the WIF, Popcat, or Ponke rise, don't worry, there's still time to catch up on the Solana memetoken scene.

DOGEN is a new contender on the block, and it's already making waves with its potential for 1000% growth.

Currently, DOGEN is undervalued and poised to take the crypto narrative to the next level.

This bull run could be the perfect time for DOGEN to break records and make a name for itself.

As we've seen with WIF and Popcat, these types of memetokens can shoot up in value incredibly fast.

DOGEN is following in the footsteps of BONK, WIF, and Popcat, and it's definitely worth keeping an eye on.

Related reading: Time in the Market vs Timing the Market Graph

The Rise of Memes is building on the success of other meme coins that have proven explosive growth is possible.

Meme coins like Pepe Coin, Dogecoin, and Shiba Inu have shown that meme-based cryptos can capture attention and engage communities.

These meme coins have a strong internet culture following, which is exactly what $RISE is tapping into.

Investors who missed out on the earlier meme coins may find The Rise of Memes an attractive opportunity, as it offers a clear roadmap for growth and long-term value.