Meme coins are still circulating on various blockchains and have managed to become an integral part of cryptocurrency investing. With each chain and its followers, there have been different meme coins that have circulated, giving outstanding returns and generating a lot of money for investors. So here are the top meme coins on various blockchains on Christmas Day.
Meme Coins on ethereum
ethereum has been known as the king of meme coins and the most prominent meme coins come from here. Naturally, the chain has continued to receive a lot of support from investors who continue to support the likes of Shiba Inu, which remains the largest meme coin on the blockchain.
Shiba Inu still stands at a market capitalization of $6.3 billion, making it the second largest meme coin on the market and the largest meme coin on Solana. So even with thousands of meme coins coming to ethereum, SHIB remains a prominent player.
SHIB price maintains a hold on $0.00001 | Source: SHIBUSD on Tradingview.com
Solana welcomes the new found volume
The Solana ecosystem has recently become a hub for meme coins, but investors have already taken to it like a fish to water. In recent months, there has been incredible performance from some of these tokens, but the standout remains the Dog With Hat (WIF) meme coin.
The meme coin went from trading below a market capitalization of $100,000 to reaching over $300 million in the space of a month. It has also been listed on centralized exchanges like MEXC and crypto.com, showing the support the altcoin is receiving.
Arbitrum welcomes new Meme coins
On the Arbitrum blockchain, NOLA has become one of the most prominent meme coins. Receiving support from the Arbitrum team, the coin quickly recovered, peaking at nearly $20 million before falling again.
Since then, the price of NOLA has fallen more than 50% since reaching its all-time high. It now has a market capitalization of $5.8 million and an average daily volume of around $500, at the time of writing.
AVAX rally breathes new life into Avalanche
The Avalanche network has had one of the worst times this year, with the price of AXAX falling to as low as $9. However, the network has been able to overcome this poor performance and is back on investors' radar. In the same vein, meme coins have also become a prominent feature of Avalanche.
COQ Inu is currently the leading meme coin on the blockchain, which reached a market capitalization of $200 million. Despite a decline, its market capitalization remains high, around $180 million and an average volume of $4 million per day.
Optimism Meme Coins Are In Fashion
As investors look for other chains to try their luck with, optimism has naturally been present. The top performing meme coin on the blockchain currently is the TUX meme coin, which has struggled to achieve a rally like other chains.
However, the TUX meme coin was able to go from less than $1 million to around a $4 million market cap before pulling back. At the time of writing, TUX has a market capitalization of $1.7 million, with almost $300,000 in daily volume.
Featured image from BSC News, chart from Tradingview.com
