Over 25 Memecoins Predicted to Enter Top 100 Cryptocurrencies
Former Goldman Sachs analyst Murad Mahmudov forecasts that the near future holds potential for over 25 memecoins to secure a spot within the top 100 cryptocurrencies. Presently, according to CoinGecko, only seven memecoins have achieved this milestone.
Current Memecoins in the Top 100
- Dogecoin (DOGE): The first notable memecoin, launched in 2013 with significant adoption in 2021, notably boosted by endorsements from Elon Musk.
- Shiba Inu (SHIB): Dogecoin's main rival, currently ranked second among memecoins with a market value of $7.9 billion.
- Pepe (PEPE): A Solana-based contender holding the 27th position.
- dogwifhat (WIF): A memecoin centered around a dog wearing a hat, now ranked 51st.
- Bonk (BONK), Floki (FLOKI), and Brett (BRETT): Additional memecoins in the top 100, with BRETT having a market value below $1 billion.
Likely Candidates for Top 100 Entry
- Popcat (POPCAT), BOOK OF MEME (BOME), and Mog Coin (MOG) are poised to join the top 100 due to their growing popularity and market value.
Mahmudov's analysis suggests a growing presence and impact of memecoins in the cryptocurrency realm. As investors observe their rise, the longevity of this interest and hype remains to be seen.