TLDR; 

• Lunarcrush tracks over 2,000 cryptocurrencies and measures their social and market data in real time.

• Dogecoin, Shiba Inu, SafeMoon, Baby Doge Coin, Pepe Coin, Hoge Finance, and Floki are among the top memecoins with huge potential to record the next big pump.

• Dogecoin has the highest social volume and engagement score, while Pepe Coin has outperformed other memecoins, with a market cap increase from $91 million to over $500 million in the last seven days.

• It is essential to do your own research and due diligence before investing in any cryptocurrency as memecoins can be very volatile and can fluctuate rapidly.

The Memecoins Set to Record the Next Big Pump

Memecoins are a new breed of digital assets that have taken the crypto space by storm. Popular memes inspire these tokens and have quickly gained popularity among the crypto community due to their unique branding and marketing strategies. But what makes a memecoin successful, and which ones have the potential to record the next big pump? In this article, we will explore the top memecoins with huge potential based on Lunarcrush data.

Before we dive into the list, it is important to understand the metrics that contribute to the bullish price of a token. Lunarcrush is a social analytics platform that tracks over 2,000 cryptocurrencies and measures their social and market data in real time. Some metrics contributing to a token's bullish price include social volume, engagement, market cap, trading volume, and price performance.

Now, let's look at the top memecoins with huge potential to record the next big pump based on Lunarcrush data:

1. Dogecoin (DOGE)

Dogecoin is arguably the most popular memecoin in the market today. It was created in 2013 as a joke but has gained a massive following thanks to its unique branding and marketing campaigns. According to Lunarcrush data, Dogecoin has a social volume of 1,244,231 and a social engagement score of 22,030. In the last seven days, Dogecoin has recorded a market cap of $47.6 billion, a trading volume of $30.7 billion, and a price performance of 38.6%.

2. Shiba Inu (SHIB)

Shiba Inu is another popular memecoin in the blockchain industry. It was created as a competitor to Dogecoin and has gained many enthusiasts. The protocol boasts of its own Decentralized Exchange (DEX), Non-Fungible Token (NFT) collection, Metaverse, and more. Lunarcrush data shows that Shiba Inu has a social volume of 1,027,707 and a social engagement score of 28,125. In the last seven days, Shiba Inu has recorded a market cap of $7.6 billion, a trading volume of $11.9 billion, and a price performance of 23.8%.

3. SafeMoon (SAFEMOON)

SafeMoon, launched in 2021, is a memecoin that gained significant popularity quickly, thanks to its unique tokenomics and marketing campaigns. As per Lunarcrush, SafeMoon has a social volume of 661,283 and a social engagement score of 24,800. In the past week, SafeMoon has recorded a market cap of $2.3 billion, a trading volume of $57.5 million, and a price performance of -5.5%.

4. Baby Doge Coin (BABYDOGE)

Baby Doge Coin was launched in June 2021. It has gained significant popularity in recent months, thanks to its unique branding and elaborate ecosystem, comprising DEX, NFT, and more. Baby Doge Coin has a social volume of 342,382 and a social engagement score of 13,567. In the last seven days, Baby Doge Coin has recorded a market cap of $1.3 billion, a trading volume of $256.3 million, and a price performance of 12.6%.

5. Pepe Coin (PEPE) 

Pepe is a new memecoin launched in 2023. The token has outperformed several memecoins, including Dogecoin and Shiba Inu, and is tipped to continue its bullish movement in the crypto space. According to Lunarcrush data, the protocol’s market cap increased from $91 million to over $500 million in the last seven days. It has a trading volume of $225.9 million and a price performance of 380.6% within that period. 

6. Hoge Finance (HOGE)

Hoge Finance is a memecoin that was launched in 2021. It has gained significant popularity in the last few months, thanks to its unique tokenomics and community-driven initiatives. Hoge Finance has a social volume of 115,891 and a social engagement score of 5,528. Hoge Finance has recorded a market cap of $89.2 million, a trading volume of $5.5 million, and a price performance of -14.3% in the last seven days. 

7. Floki (FLOKI)

Floki was launched in August 2021. Since then, it has quickly gained popularity among the crypto community, thanks to its DeFi utilities. Floki Inu has a social volume of 73,479 and a social engagement score of 9,448. In the last seven days, Floki Inu has recorded a market cap of $127.6 million, a trading volume of $10.4 million, and a price performance of -24.2%. The token was recently listed on Binance.US and is pushing to be on Binance’s flagship exchange soon. 

While Dogecoin and Shiba Inu continue to dominate the market, other tokens such as SafeMoon, Baby Doge Coin, Pope Coin, Hoge Finance, and Floki have gained significant popularity in recent months. However, it is crucial to do your own research and due diligence before investing in any cryptocurrency, as memecoins can be very volatile and can fluctuate rapidly. 

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