Meme coins are still making the rounds across various blockchains and have managed to become an integral part of crypto investing. With each chain and its supporters, there have been different meme coins that have made the rounds, giving outstanding performances, and making investors a lot of money. So here are the top meme coins across various blockchains on Christmas Day.
Meme Coins On Ethereum
Ethereum has been known as the king of meme coins with the most prominent meme coins having come out of here. Naturally, the chain has continued to see 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 is still holding up at a market cap of $6.3 billion, making it the second-largest meme coin in the market, and the largest meme coin on Solana. So even with thousands of meme coins making their way to Ethereum, SHIB remains a prominent player.
SHIB price maintains a hold on $0.00001 | Source: SHIBUSD on Tradingview.com
Solana Welcomes New Found Volume
The Solana ecosystem has only recently become a hub for meme coins but investors have already taken to it like fish to water. In the last few months, there have been insane outperformance from some of these tokens but the most prominent remains the Dog With Hat (WIF) meme coin.
The meme coin went from trading under a $100,000 market cap to running to more than $300 million in the space of a month. It has also been listed on centralized exchanges such as MEXC and Crypto.com, showing the support that the altcoin is getting.
Arbitrum Welcomes New Meme Coins
On the Arbitrum blockchain, NOLA has emerged as one of the most prominent meme coins. Receiving support from the Arbitrum team, the coin quickly rallied, reaching almost a $20 million cap before eventually falling back downward.
NOLA’s price has since fallen more than 50% since reaching its all-time high. It is now sitting at a $5.8 million market cap and averaging around $500 in daily volume, at the time of writing.
AVAX Rally Breathes New Life Into Avalanche
The Avalanche network has had one of the worst go of it this year, with the AXAX price dropping to as low as $9. However, the network has been able to shake off this underperformance and is back on the radar of investors. In the same vein, meme coins have also become a prominent feature on Avalanche.
COQ Inu is currently the leading meme coin on the blockchain which went as high as a $200 million market cap. Despite a retrace, its market cap is still high at around $180 million and averaging $4 million in volume daily.
Optimism Meme Coins Are In
As investors seek other chains to try their luck out on, Optimism has naturally been in the picture. The top-performing meme coin on the blockchain currently is the TUX meme coin which has struggled to put on a rally like those on other chains.
Nevertheless, the TUX meme coin was able to go from under $1 million to around a $4 million market cap before retracing. At the time of writing, TUX is sitting at a $1.7 million market cap, with almost $300,000 in daily volume.
