Former Goldman Sachs analyst Murad Mahmudov claimed that over 25 memecoins will enter the top 100 cryptocurrencies list in the near future. Currently, according to CoinGecko data, only seven memecoins are among the top 100 cryptocurrencies.
Memecoins in the Top 100 List
The largest representative of this category, Dogecoin (DOGE), was launched in 2013 and gained significant popularity in 2021, especially with support from famous figures like Tesla CEO Elon Musk. Although Dogecoin is far from its 2021 peak, it still maintains its position among the largest cryptocurrencies with a market value of $14 billion.
Dogecoin’s biggest rival, Shiba Inu (SHIB), currently ranks second in the memecoin category with a market value of $7.9 billion. SHIB briefly surpassed Dogecoin at the end of 2021 but is now in 15th place by market value. Despite stagnant price movement over the past two years, SHIB remains among the largest cryptocurrencies.
Pepe (PEPE) emerged to challenge DOGE and SHIB and currently ranks 27th. The Solana-based memecoin dogwifhat (WIF) caught attention with a significant price rise earlier this year and is now in 51st place.
Bonk (BONK), Floki (FLOKI), and Brett (BRETT) are other memecoins in the top 100 cryptocurrencies. BRETT is one of the few memecoins in this list with a market value below $1 billion.
Memecoins Closest to Entering the List
Other memecoins likely to enter this list soon include Popcat (POPCAT), BOOK OF MEME (BOME), and Mog Coin (MOG). These memecoins are seen as the closest candidates to enter the top 100 cryptocurrencies due to their growing popularity and market value.
Mahmudov’s prediction indicates that memecoins will increasingly occupy a larger space in the cryptocurrency world and enhance their market impact. As investors continue to witness the rise of memecoins, the longevity of this investor interest and hype will become clearer over time.
