Meme coins have gained notable attention in the cryptocurrency market. In June 2024, several meme coins are leading in popularity and performance. In this blog, we will check out the top meme coins of the month, exploring their origins, market trends, and potential future prospects. Discover which meme coins are making waves in the crypto world.
| # | Coin Name | Ticker | Price | Market Cap | Circulating Supply |
| 1 | Dogecoin | DOGE | $0.1106 | $16,037,916,439 | 144,975,346,384 DOGE |
| 2 | Shiba Inu | SHIB | $0.00001526 | $8,993,359,428 | 589,270,884,654,942 SHIB |
| 3 | Pepe | PEPE | $0.000009555 | $4,019,498,156 | 420,689,899,999,995 PEPE |
| 4 | Dogwifhat | WIF | $1.78 | $1,775,734,491 | 998,845,815 WIF |
| 5 | Bonk | BONK | $0.00002222 | $1,523,881,654 | 68,584,534,645,185 BONK |
| 6 | Floki | FLOKI | $0.0001513 | $1,447,575,452 | 9,565,188,284,725 FLOKI |
| 7 | Brett (Based) | BRETT | $0.1346 | $1,334,265,891 | 9,910,236,395 BRETT |
| 8 | Book of Meme | BOME | $0.008448 | $582,607,244 | 68,966,327,627 BOME |
| 9 | Dog (Runes) | DOG | $0.005135 | $513,494,783 | 100,000,000,000 DOG |
| 10 | Mog Coin | MOG | $0.000001416 | $510,333,318 | 360,447,686,344,656 MOG |
1. Dogecoin(DOGE)
Software engineers Markus and Palmer created Dogecoin as a “meme currency” on December 6, 2013. They were also among the first individuals to adopt Bitcoin. Dogecoin has grown in popularity and has a large fan base, even though it began as a joke.
It has received much support from prominent personalities like Elon Musk and Snoop Dogg. “Doge barking at the moon,” Musk said in April, expressing his involvement in Dogecoin. After Elon Musk’s tweet, many people bought big amounts of Dogecoin (DOGE), leading the price to surge 20% from its 24-hour low of 0.062 dollars to 0.078 dollars.
2. Shiba Inu(SHIB)
Shiba Inu (SHIB) is an Ethereum-based altcoin developed by an unknown individual or group known as Ryoshi in August 2020. Its symbol is a Shiba Inu, a Japanese hunting dog breed. While the coin is commonly regarded as a Dogecoin alternative, it is also referred to as “the Dogecoin killer.”
In October 2021, Shiba Inu’s value grew more than tenfold, making its market valuation higher than that of its main competitor, Dogecoin. In addition, the Shiba Inu Token environment supports projects like an NFT art incubator and the creation of Shibaswap, a decentralized exchange.
3. Pepe(PEPE)
The Pepe Crypto Coin (MEME) project aims to capitalize on the fame of the “Pepe” frog. The company also intends to develop a Pepe-focused marketplace as the NFT market grows. Pepe has become one of the most recognizable memes on the web in recent years, and it has been around for half a decade.
As a result, Pepe meme fans worldwide have started creating their own collections. In addition, thanks to the opening of the Pepe Swap Exchange, token holders can now receive BNB by trading other BSC tokens.
4. Dogwifhat (WIF)
Dogwifhat (WIF) is a meme coin launched on the Ethereum blockchain. It has gained rapid popularity for its whimsical name and quirky dog-themed branding.
The coin’s origin is shrouded in mystery, adding to its allure within the crypto community. While it started as a purely speculative asset, Dogwifhat has since evolved to foster a vibrant community with charitable initiatives and partnerships.
The project aims to differentiate itself by building real-world utility through various projects and collaborations, expanding beyond its meme coin roots.
5. Bonk (BONK)
Bonk (BONK) is a Solana-based meme coin launched as an airdrop to Solana NFT communities. It rapidly gained traction due to its community-driven approach and association with the famous “Bonk” dog meme.
Bonk aims to differentiate itself from other meme coins by fostering a vibrant ecosystem with various projects and partnerships. It has attracted attention for its deflationary tokenomics and emphasis on community engagement.
6. Floki Inu (FLOKI)
Floki Inu (FLOKI) is a meme coin inspired by Elon Musk’s Shiba Inu dog. It emerged as a community-driven project with ambitious goals, including developing a metaverse, an NFT marketplace, and a decentralized finance (DeFi) platform.
While primarily a speculative asset, Floki Inu has gained a significant following due to its active community and its focus on creating utility beyond its meme status.
7. Brett (BRETT)
Based (BASED) is a meme coin launched on the Base blockchain, a layer 2 scaling solution for Ethereum created by Coinbase. It leverages the popularity of the “based” slang term, often used online to describe someone with solid and unwavering opinions.
The project’s core value is to promote free speech and individuality in the digital space. While it functions primarily as a speculative asset, Based also aims to create a decentralized community platform where users can freely express themselves.
8. Book of Meme(BOME)
Book of Meme (MEME) is an Ethereum-based token that functions as the governance token for the Meme protocol. The protocol is a decentralized finance (DeFi) platform allowing users to create and trade synthetic assets representing value of meme coins.
The Meme protocol aims to create a unique and engaging DeFi experience by leveraging the popularity and volatility of meme coins. The $MEME token is used to vote on protocol proposals and manage the ecosystem.
9. Dog (Runes)
Runes (RUNES) is a Binance Smart Chain-based meme coin inspired by Norse mythology and ancient runes. It gained attention for its unique branding and community-driven approach.
While primarily a speculative asset, Runes aims to develop its ecosystem with various projects, including a decentralized exchange and an NFT marketplace. It has attracted a loyal following due to its mysterious lore and emphasis on community engagement.
10. Mog Coin(MOG)
Mog Coin (MOG) is a community-driven meme coin that emerged on the Ethereum blockchain. It draws inspiration from the popular online character “Mog,” known for its humorous and relatable depictions of everyday struggles and triumphs.
Mog Coin aims to create a fun and inclusive community space for individuals to connect and express themselves. While primarily a speculative asset, Mog Coin intends to develop various projects within its ecosystem, including charitable initiatives and community-driven events.
What Are Meme Coins?
Meme coins are cryptocurrencies created over the internet by taking inspiration from social media memes or jokes. Dogecoin was the very first meme coin to be developed (DOGE). It was created as a spoof in 2013 and was prompted by the popular doge meme.
While meme coins are popular, they are considered low-quality investments as they offer no real value to the user. Therefore, they are incredibly volatile and are primarily community-driven. Meme coins often gain popularity due to an active online community and celebrity involvement and are quite popular among Gen-Z and millennials. As we write this, there are over 250 meme coins on the market, and by the time you will read this, there might be even more.
Conclusion
As the trend continues, we expect to see more meme coins develop and garner attention. Because the emphasis on real-world use is stronger than ever, investing in the popular meme coins mentioned above might be a good idea for the short term. The best part is that the circulating quantity of these coins can go to billions and trillions, making them more feasible for daily payments. In contrast, other popular crypto coins, such as BTC, only have a capped supply of 21 million coins.
If you are looking for long-term market-linked returns, then instead of investing in single tokens, you can invest in idea-based crypto baskets. With Coin Sets, you get expert-curated and managed baskets that are built for long-term returns.
Krishnan is a Bangalore-based crypto writer dedicated to simplifying complex crypto concepts. He covers blockchain, DeFi, and NFTs, with a focus on real-world asset tokenization and digital trust. Previously he has written on Real Estate related assets for NoBroker. Krishnan holds a B.Tech degree from the College of Engineering Trivandrum.
