Meme coins are digital currencies inspired by pop culture and funny memes. While many meme coins were initially created as a joke, they have become a significant investment opportunity for investors. Dogecoin and Shiba Inu are two examples of meme coins that have gained utility and purpose and have become some of the world's most traded assets.

Dogecoin is the world's biggest meme coin in terms of market capitalization and popularity among investors. It was inspired by the “doge” meme and features the dog Shiba Inu as its logo. At the time of writing, DOGE is ranked as the 9th largest cryptocurrency with a market cap of over $10.4 billion. It was created by Jackson Palmer and Billy Markus and is an open-source currency that was originally associated with Litecoin.

Shiba Inu is the second biggest meme coin by market capitalization. The coin was inspired by the dog breed Shiba Inu and was created in 2020 by an anonymous individual under the pseudonym “Ryoshi”. The original goal of Shiba Inu is to be analogous to Ethereum for Dogecoin’s mining operation. As one of the most popular meme tokens, Shiba Inu was once able to outperform Bitcoin and yielded 30% returns for crypto investors.

Dogelon Mars is a meme coin that pays homage to Dogecoin and Elon Musk. The token's name was inspired by the famous mars theme and has garnered a lot of attention in very little time. The token represents Elon Musk as a dog who is traveling the galaxy looking for home. Little is known about the developers of the token.

BabyDoge is an offshoot of Dogecoin. It was created by the fans of the Doge online meme community. It was initially designed to improve the transaction speeds when Dogecoin is being transacted on the blockchain. BabyDoge is added to the user's wallet each time a DOGE transaction is made. BabyDoge was built on the Binance Smart chain by creators whose identity is still unknown. It was launched in June 2021 and is currently held by over 1.3 million investors.

Pitbull is a dog-themed meme coin that is hosted on the Binance Smart Chain. It is a BEP-20 token that the developers consider to be a unique social experiment that pushes the investors to focus on the development of the community. Pitbull has an auto-staking mechanism in place to reward investors when transactions are conducted using PIT.

Monacoin is a coin inspired by cat memes. However, it is now open-source, decentralized crypto platform and P2P payment network. It was launched in 2014 with no pre-mine process and was built on the Lyra2RE algorithm. Much like Dogecoin, the Monacoin was developed off Litecoin and can be mined.

Shiba Predator, or Shiba Doge Predator, is one of the latest additions to the meme coin ecosystem. Descending from Dogecoin and Shiba Inu, the project was launched in 2022 to compete with the most popular meme coins – Shiba Inu and Dogecoin. The goal of the project is to redefine and redistribute the finance in meme tokens, which has led to the coin building decent interest from investors since its release.

Hoge Finance is another ERC-20 token that has garnered lots of attention on social media since its launch in February 2021. Despite just a brief run, HOGE has managed to attract a large number of community members and investors who believe in the project’s vision.