In a bold prediction, former Goldman Sachs analyst Murad Mahmudov has forecasted that more than 25 meme coins will soon be among the top 100 largest cryptocurrencies by market capitalization. Currently, only seven meme coins hold a spot in this exclusive list, according to data from CoinGecko.Â
Dogecoin (DOGE) remains the leader among meme coins. Originally created as a Bitcoin parody in 2013, DOGE shot to fame in 2021, largely thanks to endorsements from high-profile figures like Tesla CEO Elon Musk. Despite trading far below its peak, Dogecoin still boasts a market cap of $14 billion, securing its place as a major player in the crypto market.Â
Shiba Inu (SHIB), the second-largest meme coin, follows with a market value of $7.9 billion. SHIB briefly outpaced DOGE in late 2021 during a dramatic rally, though its price has since stabilized. Still, SHIB remains a significant contender in the cryptocurrency world.Â
Pepe (PEPE), another meme coin gaining traction, currently holds the 27th spot. Meanwhile, dogwifhat (WIF), a Solana-based canine-themed meme coin, is ranked 51st after notable price increases earlier this year. Other meme coins in the top 100 include Bonk (BONK), Floki (FLOKI), and Brett (BRETT), though BRETT is the only one with a market cap under $1 billion.Â
Several other meme coins, such as Popcat (POPCAT), BOOK OF MEME (BOME), and Mog Coin (MOG), are also showing potential to break into the top 100. Mahmudov’s prediction reflects a growing interest in meme coins, signaling that these playful tokens could soon command even greater market capitalizations.Â
