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Meme coins, born from internet jokes and viral memes, have carved out a unique space within the cryptocurrency landscape.

These digital assets, often driven by strong community support and perceived decentralization, are no longer just a laughing matter; they’ve become a force to be reckoned with.

As we approach 2025, it’s time to take a closer look at some of the top meme coins by market capitalization that are capturing attention, and possibly, investment.

What sets meme coins apart is their fervent community backing.

In many cases, these projects are more influenced by community decisions than other crypto ventures, adding to their perceived decentralization.

While the actual level of decentralization is debatable, the fact remains that these coins enjoy massive participation and enthusiasm from their holders.

So, with the end of 2024 in sight, let’s explore three meme coins that should be on every crypto-enthusiast’s radar in January 2025.

First up is Dogecoin, the undisputed OG of the meme coin world. Conceived as a lighthearted joke in 2013 by Jackson Palmer, a product manager at Adobe, and Billy Markus, a software developer at IBM, Dogecoin, with its Shiba Inu dog mascot, has become a cultural phenomenon.

This open-source, peer-to-peer cryptocurrency, inspired by Litecoin, experienced a massive surge during the 2017 bull run, before declining with the 2018 crash.

However, thanks to a very strong community, especially one fronted by Elon Musk, Dogecoin has made a huge comeback.

Musk, a vocal proponent of Dogecoin, champions its utility as a low-fee, blockchain-based payment mechanism.

The current price of Dogecoin stands at $0.31, with a market cap of $47.2 billion, and it has seen a YTD change of +258%.

Dogecoin’s price has surged over 200% since November 2024, making it a top-performing memecoin.

While the price has undergone a slight correction, trading near the $0.3 level, a breakout above $0.4 is critical for Dogecoin to regain its bullish momentum.

On the downside, the $0.35 level provides significant support, aligned with its 50-day EMA.

Next is Shiba Inu, arguably the second most recognizable meme-inspired crypto asset. Launched anonymously by “Ryoshi” in August 2020, Shiba Inu aims to be the “Dogecoin Killer.”

Unlike Dogecoin, Shiba Inu is an Ethereum-based altcoin, but it also features a Shiba Inu as its mascot.

After a tough 2022, Shiba Inu has shown moderate recovery, following the wider market recovery led by heavyweights like Bitcoin and Ethereum.

The coin has a current price of $0.000022, with a market cap of $13.13 billion, and has seen a YTD change of +115.5%.

Despite facing a 40% retracement from its December 2024 highs, Shiba Inu’s strong community has remained steadfast, actively supporting the token.

The Shiba Inu ecosystem is evolving, with a metaverse where players can interact, earn rewards, and enjoy a decentralized experience.

SHIB price needs to surpass the $0.00003 level to spark renewed bullish momentum.

Immediate support lies near the 200-day EMA.

Finally, there’s Pepe, a relatively new Ethereum-based meme coin that has quickly surged in popularity.

Based on the popular internet meme of a green cartoon frog, Pepe arrived with the promise of overthrowing dog-based meme coins.

The project has seen explosive growth since launch, with a current price of $0.000018, a market cap of $7.68 billion, and an impressive YTD change of +1309%.

According to its website, Pepe is designed to be the “most memorable memecoin,” with the caveat that it has no intrinsic value or expectation of financial return.

Despite this, PEPE has demonstrated a remarkable 400% rally since its launch, even breaking into the top 100 coins for a brief period.

Pepe coin’s price has recently corrected, along with other market heavyweights.

Currently trading below its 50-day EMA, a breakout above this level and the R1 Fibonacci pivot near $0.000025 is needed to regain momentum.

The support zone between the 200-day EMA and the S1 Fibonacci pivot is crucial to prevent further losses.

The post Meme coins to watch in 2025: Doge, Shiba Inu, and Pepe lead the pack appeared first on Invezz

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