Memes have been around for a long time, but as cryptocurrencies gain momentum and become more widespread, these memes are now collected in the form of cryptos. We’re looking at the top 5 meme coins with market cap on November 2021.
The “new meme coins list” is a list of the top 5 memes coins leading by market cap in November 2021. The coins are ranked according to their current market capitalization.
This year, meme currencies have seen significant growth. While the majority, if not all, of these currencies derive their value on hype, they have managed to maintain their ground and become some of the market’s most valuable and popular coins.
However, since meme coins are sometimes connected with rug pulls, not all investors choose to invest in them. Investors searching for technical support should avoid these currencies since they only appreciate in value when there is a surge in market demand. As a result, investors interested in joining the meme coin community should begin by purchasing those with the biggest market capitalization.
The top five meme currencies in terms of market capitalization are shown below.
Dogecoin is a cryptocurrency (DOGE)
By market capitalization, Dogecoin is the most valuable meme currency. It’s also the oldest meme coin on the market. In fact, Dogecoin was the first meme coin. Dogecoin was established with the goal of mocking Bitcoin. It has now matured into a true cryptocurrency, and it presently ranks ninth in terms of market capitalization.
Dogecoin sprang to prominence early this year. Elon Musk, the CEO of Tesla, an electric vehicle manufacturer, welcomed it. Musk is a well-known cryptocurrency supporter and promoter. The meme currency achieved an all-time high of $0.73 in May 2021 because to his efforts and regular tweets.
Dogecoin is now ranked ninth in terms of market capitalization in the cryptocurrency market. The cryptocurrency is the biggest meme coin, with a market valuation of approximately $37 billion. Its trading volumes have also grown to $3 billion in the last 24 hours, indicating greater buyer interest in the currency.
Dogecoin hasn’t risen as much as other cryptocurrencies and meme coins in the last month, and it hasn’t earned as many gains. However, considering Bitcoin’s enormous gains, it remains a top option for November. Dogecoin normally follows Bitcoin’s trajectory, and with Bitcoin reaching $66K this week, Dogecoin might be on its way to new highs as well.
Visit our Investing in Dogecoin guide or our Dogecoin versus Bitcoin page to learn more.
2) Shiba Inu Shiba Inu Shiba Inu Shiba (SHIB)
Shiba Inu is the other significant meme cryptocurrency by market capitalization to consider investing in this November. Following significant growth in October, Shiba Inu is now the most popular meme cryptocurrency. Shiba Inu once eclipsed Dogecoin in market capitalization, but it was unable to maintain such levels, resulting in its current ranking of tenth.
Shiba Inu’s market capitalization is now about $31 billion. Shiba Inu hit an all-time high of $0.000086 in October before falling to lower levels. Following Shiba Inu’s advances in October, several individuals got affluent from their SHIB holdings, leading to conjecture that these people are selling now, causing the present drops.
Despite making significant gains in recent months, Shiba Inu remains popular, as seen by the $4 billion in trade volumes over the last 24 hours. Furthermore, the number of wallet addresses continues to rise as more new traders hunt for methods to join the Shiba Inu holdings movement that is generating massive profits.
SHIB, like other meme currencies, derives value from hype, but it is one of the few that has fundamentals, thanks to the ShibaSwap DeFi platform, which enables users to invest their tokens and earn interest. As a result, it’s not just a coin for November, but also for hodlers.
Visit our Investing in Shiba Inu guide for more information.
3) Safemoon is a term that refers to a period of time (SAFEMOON)
Safemoon is another meme currency that is one of the most valuable in terms of market capitalization. Safemoon is one of the newest cryptocurrencies on the market, but that hasn’t stopped it from gaining significant traction and becoming one of the most popular.
Safemoon is the 76th most valuable meme currency in terms of market capitalization. It has a market worth of over $2 billion and strong trading volumes, indicating that it has piqued the curiosity of crypto market participants.
Safemoon has grown by over 9000 percent since its introduction, making it one of the year’s most successful currencies. It’s also one of the meme currencies supported by big exchanges like BitMart and Gate.io, boosting its relevancy, legitimacy, and confidence.
Another feature of safemoon is that it is one of the few meme currencies with a use case outside of traditional digital asset speculation. Safemoon just announced the introduction of the Safemoon wallet, which will support these coins. The wallet has sparked a lot of curiosity and adoption, even causing a significant Safemoon rally when it was launched.
Safemoon may also be able to alleviate the tremendous selling pressure that meme currencies often face as a result of its structure, which discourages early investors from selling owing to hefty fees.
Visit our How to Buy Safemoon guide to learn how to get this token.
4) Mars Dogelon (ELON)
Dogelon Mars is another meme currency that is a fantastic investment in November. Dogelon Mars is one of the newest meme currencies on the market, but it has quickly grown to become one of the most valuable.
Dogelon Mars is the 101st most valuable meme currency, having a market capitalization of almost $1 billion. It has seen significant increases in recent weeks as a consequence of growing buyer interest from traders looking to invest in meme currencies for both short and long term benefits.
Dogelon Mars, like many joke currencies, has no use cases, making it a dangerous investment. Dogelon Mars, on the other hand, may make a lot of money for a short-term trader planning to buy in meme currencies in November 2021.
Dogelon Mars is one of several Dogecoin clones. The currency aims to capitalize on Dogecoin’s popularity, as well as Elon Musk’s status as a Dogecoin backer. However, since the currency is relatively new to the market, it is still a long way from making significant progress. However, it has the potential to rise to the level of DOGE and SHIB in the future, providing significant returns to investors.
Visit our How to Buy Dogelon Mars tutorial to learn how to get this token.
5) DoggyDoge (BABYDOGE)
BabyDoge is another popular meme currency that is worth investigating in November. BabyDoge is a joke currency that is thought to be a rip-off of Dogecoin. The inventors write in the coin’s whitepaper that it was created to address the restrictions that its “parent,” Dogecoin, has.
BabyDoge is a meme currency that is relatively fresh to the market. It was just five months old when it was introduced, but in that time it has grown to become one of the most popular currencies, with a market worth of $529 million. The meme currency has risen by over 200 percent in the last month, indicating that it has the potential to rise much higher.
Although BabyDoge does not have a use case, its inventors have said that it aims to deliver reduced transaction costs and a better network than Dogecoin. However, since the coin’s inventors have made it deflationary, it has certain benefits. As a result, the currency has the potential to become one of the meme currencies with a limited quantity in the long term.
Visit our How to Buy Babydoge tutorial to get this token.
Conclusion
Investing in meme currencies has both perks and downsides. The upside is that these currencies are relatively inexpensive, and they may make tremendous increases in such a short period of time, resulting in significant returns for early investors.
However, owing of their extreme volatility, these coins have drawbacks as well. Because meme coins have weak foundations, their value might rapidly drop. As a result, they’re great for day traders. If you wish to invest in meme coins in November, the five listed above are the most valuable meme currencies by market capitalization. However, risk management measures should still be used by a trader.
The “meme coin price prediction” is a meme-coin that has the potential to be one of the best coins in the market. The coin is leading by market cap and will continue to grow.
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