Analyst Predicts Over 25 Memecoins Will Enter Top 100 Cryptocurrencies

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.