Top 5 Memecoins to Watch Out for in 2025

• Blockchain Council
• November 24, 2024

Meme coins are a quirky part of the cryptocurrency space, stemming from internet jokes and pop culture. Unlike traditional digital currencies like Bitcoin, which aim to address specific technological needs, meme coins thrive on their fun origins and the communities they foster. Their worth often comes from trends, viral content, and the strong bonds formed among their followers.

The idea started back in 2013 with Dogecoin, which drew inspiration from the popular Shiba Inu “Doge” meme. Although it started as a playful jab at the growing crypto industry, Dogecoin evolved into a widely recognized currency. Its journey encouraged others to join the meme-coin craze, leading to an influx of similarly styled coins that now hold substantial value thanks to the power of community backing.

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Top 5 Memecoins

Dogecoin (DOGE)

Dogecoin debuted in December 2013, thanks to developers Billy Markus and Jackson Palmer.. Initially, it was a humorous spin on the burgeoning digital currency landscape, driven by the viral Shiba Inu meme. Over the years, Dogecoin went from being a joke to becoming a key player in the crypto world.

Key Features

• Community Focus: A thriving, energetic community organizes charity campaigns and fundraisers regularly.
• Unlimited Supply: Unlike Bitcoin, which has a fixed cap, Dogecoin has an ever-growing supply, with over 145 billion coins currently.
• Quick Transactions: Its speedy processing makes it ideal for small-scale online transactions.

What’s New?

In late 2024, Dogecoin saw its value jump by nearly 20%. This came after President-elect Donald Trump announced the “Department of Government Efficiency” (DOGE), which was set to be co-led by Elon Musk and Vivek Ramaswamy.This department aims to enhance government processes and reduce waste. Following the announcement, Dogecoin climbed to 42 cents, with its market cap nearing $60 billion.

The year 2024 has been monumental for Dogecoin, boasting a 353% surge. Since Trump’s election, the currency’s value has spiked by 106%, partly due to his pro-crypto stance and plans to create a national bitcoin reserve. Musk’s role in this department added more buzz, as he’s widely known for his support of Dogecoin.

Shiba Inu (SHIB)

Created in August 2020 by an anonymous entity, “Ryoshi,” Shiba Inu brands itself as the “Dogecoin Killer.” Built on the Ethereum blockchain, SHIB has expanded into a full-fledged ecosystem with its decentralized platform, ShibaSwap.

Key Features

• ShibaSwap: A platform enabling users to trade and stake SHIB tokens.
• Tokenomics: Starting with a supply of one quadrillion, a notable portion was burned by Ethereum’s co-founder, shrinking the available pool.
• Engaged Community: The SHIB user base actively contributes to ongoing ecosystem projects.

What’s New?

Shiba Inu recently witnessed an 18.4% price spike in a day, driving the meme coin market’s valuation to $98 billion. The rise was fueled by renewed interest in crypto and the broader market rally. The community has been particularly active in advancing Shibarium, a solution aimed at faster, cheaper transactions. This dedication has solidified SHIB’s position in the market.

Pepe (PEPE)

Inspired by the “Pepe the Frog” meme, Pepe Coin launched in 2023 as a deflationary token on Ethereum. Its meme-centric identity has appealed to those looking for high-risk investments.

Key Features

• Burning Mechanism: To make the token scarcer over time, a portion of the supply is periodically removed.
• No Transaction Fees: Simplifies trading by eliminating extra charges.
• Community-Driven: The project relies on its user base without formal plans for future developments.

What’s New?

In 2024, Pepe’s price rose by 13.1% within a day, driven by speculative trading. Earlier in the year, it outpaced competitors with a 30% weekly increase, fueled by Coinbase’s introduction of futures trading for PEPE. This attracted more traders, boosting liquidity and pushing Pepe to third place among meme coins by market cap.

Bonk (BONK)

Launched in late 2023 on the Solana blockchain, Bonk gained traction as a fun, community-first token. Its rapid rise is partly due to its unique approach to engaging users.

Key Features

• Fast and Affordable Transactions: Solana’s platform ensures smooth, low-cost transactions.
• Community Airdrops: Many tokens were given away to Solana users, encouraging broader adoption.
• Deflationary Approach: Bonk uses token burns to control supply and boost value.

What’s New?

By December 2023, Bonk saw a 150% price hike, becoming the third-largest meme coin after Dogecoin and SHIB. In late 2024, it climbed further, achieving a market cap of $3.81 billion and an all-time high price of $0.00005626. Bonk’s growth has been aided by partnerships with Solana-based apps and its integration into decentralized finance tools and NFT platforms.

Dogwifhat (WIF)

Dogwifhat, a newer meme coin launched in 2023, runs on the Solana blockchain. Its distinct approach includes gamification and rewards for user interaction, setting it apart from competitors.

Key Features

• Community Involvement: People holding tokens can participate in deciding key aspects of the project.
• Rewards for Staking: Users earn additional tokens by locking their WIF holdings.
• NFT Integration: Plans are underway to incorporate NFTs, allowing users to trade collectibles.

What’s New?

Dogwifhat recently gained momentum, climbing 24% in one day. Collaborations with eco-focused organizations have added to its appeal. The project also plans to roll out an NFT marketplace featuring dog-themed assets, aiming to solidify its niche.

Things to Keep in Mind About Meme Coins

Meme coins can be thrilling but come with risks. Consider these points before diving in:

• Price Swings: Their value can change dramatically in short periods.
• Community Support: Much of their worth hinges on public interest and online trends.
• Use Cases: Some meme coins are evolving beyond their playful roots, so assess their practical applications.
• Research: Always investigate a coin’s background, goals, and transparency.
• Cautious Investment: Only put in what you can afford to lose, as these coins can be unpredictable.

Trading memecoins successfully often requires knowledge, and a Certified Cryptocurrency Trader™ (CCT) credential equips you with just that.

Closing Thoughts

Meme coins blend humor with the crypto world, proving that community and creativity can drive significant value. Top picks like Dogecoin, Shiba Inu, Pepe, Bonk, and Dogwifhat show that even playful ideas can achieve market success when paired with innovation and community backing. While their potential for growth is exciting, it’s wise to balance optimism with careful planning and research.

Knowing Bitcoin well, through the Certified Bitcoin Expert™ credential, helps in making informed choices about other coins, including memecoins.