Of the 5 largest memecoins – Dogecoin, Shiba Inu, Baby Doge Coin, Floki and Dogelon Mars – only one failed to beat Bitcoin and Ethereum in January.
Top Memecoins on Fire in January
The crypto sector is heading for potentially turbulent waters in February, but whatever the outcome, the month of January will remain a pleasant memory for investors — particularly those backing major memecoins like Floki, Baby Doge Coin, and Shiba Inu to have.
These three tokens outperformed both Bitcoin and Ethereum in January 2023. Meanwhile, the other two memecoins in the top 5 by market cap (MC) — Dogecoin and Dogelon Mars — also saw significant gains.
According to CoinGecko, from January 1st to February 1st, the price of $BTC increased by 40%, while $ETH increased by 33%.
Let’s see how the top five memecoins compare:
1. Dogecoin
- symbol: $DOGE
- Current MC: $12.7 billion
- change january: +37%
- bottom line: $DOGE outperformed $ETH but underperformed $BTC.
2.Shiba Inu
- symbol: $SHIB
- Current MC: $6.9 billion
- change january: +46%
- bottom line: $DOGE outperformed both $BTC and $ETH.
3. Baby Doge Coin
- symbol: $BABYDOGE
- Current MC: $247.0 million
- change january: +70%
- bottom line: $BABYDOGE outperformed both $BTC and $ETH.
4. Floki
- symbol: $FLOKI
- Current MC: $221.0 million
- change january: +204%
- bottom line: $FLOKI outperformed both $BTC and $ETH to be the biggest gainer among top memecoins in January.
5. Dogelon Mars
- symbol: $ELON
- Current MC: $197.3 million
- change january: +24%
- bottom line: $ELON has outperformed both $BTC and $ETH.
What is Dogecoin:
Dogecoin pretends to be the random crypto movement that makes people smile! Dogecoin has the Shiba Inu, a Japanese dog breed, as its logo. It is an open-source peer-to-peer cryptocurrency that uses blockchain technology. Dogecoin’s underlying blockchain technology is derived from Litecoin. Notable features of Dogecoin included its use of the Scrypt algorithm, its low price, and its unlimited supply. Dogecoin is very popular, ranking at the top in market cap, enjoying tremendous popularity and maintaining one of the strongest followings in crypto.
Where can I find Dogecoin:
Website | Twitter | Reddit | discord |
What is Shiba Inu:
Shiba Inu is an Ethereum-based altcoin that has the Shiba Inu – a Japanese breed of hunting dog – as its mascot. The SHIB token aspires to be an Ethereum-based alternative to Dogecoin (DOGE). Unlike Bitcoin, which is designed to be scarce, SHIB was created to be intentionally plentiful — with a total supply of a trillion. The Shiba Inu token ecosystem supports projects such as an NFT arts incubator and the development of a decentralized exchange called Shibaswap.
Where to find Shiba Inu:
Website | Twitter | Telegram | discord
What is Baby Doge Swap:
Baby Doge Swap is the celebrated “son” of popular meme token DOGE. Baby Doge Swap started as Baby Doge Coin and is a hyper-deflationary system that gradually increases its scarcity and liquidity. The project is now a fully decentralized exchange with swaps, liquidity pools, yield farming and more. Baby Doge sees its main use as creating a fun meme community to raise awareness about animal adoption.
Where to find the Baby Doge coin:
Website | Twitter | Telegram | Reddit | Swap |
What is Floki:
Floki Inu started with a tweet from Elon Musk. When the billionaire announced he would be naming his Shiba Inu pup Floki, a flood of “Floki” dogcoins ensued. The most successful of these is Floki Inu. Floki Inu is currently the third most popular meme token on the market, behind Dogecoin and Shiba Inu. It is backed by a community of dedicated enthusiasts and a strong marketing campaign.
Where to find Floki:
Website | Twitter | Telegram | discord
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