Dogecoin Top Dog in Meme Coin Market Cap

If you thought meme coins were going to dogs, you might be right.

Four out of the five most popular meme coins based on market capitalization have some sort of dog image.

Dogecoin, which features the Shiba Inu dog as its logo and namesake, has a market capitalization of $22.19 billion at press time, according to CoinMarketCap, making it the most popular.

Crypto is the first of the so-called “meme coins” that are inspired by meme or have some humorous characteristics.