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DOGE phenomenon: Memecoins surpass traditional brands in market value
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Memecoins are often laughed at by many investors. However, what few realize is that together the memecoins move billions of dollars. A value that, in some cases, even surpasses that of secular brands, such as Mercedes-Benz and Paramount.
On Friday (29), CryptoRank, a platform specializing in research and analysis of the cryptocurrency industry, published a post comparing the most popular memecoins with big known brands.
The objective was to highlight that these memecoins have a significant value that cannot be ignored, even if their origin is humorous. We summarize the comparisons made by CryptoRank to show the data.
Dogecoin, created in 2013 as a joke inspired by an internet meme, has a market value of US$59.71 billion. Mercedes-Benz, founded in 1926 and one of the most respected automotive brands in the world, has a market value of $56.03 billion.
Memecoins or big brands, which is worth more?
Shiba Inu (SHIB) is also a famous memecoin and has emerged as an alternative to Dogecoin. Today, it has a market value of US$15.25 billion. By comparison, GameStop, a video game retailer, is valued at $13.79 billion.
Another prominent memecoin is Pepe (PEPE), inspired by the famous frog meme. Common market value of US$8.31 billionthe PEPE memecoin surpasses Paramount Pictures, producer of cinema hits such as The Godfather and Titanic, which is valued at $7.68 billion.
The Bonk (BONK) memecoin, launched at the end of 2021, became popular on Solana. The name “Bonk” is a reference to a meme that shows a dog hitting another with a hammer. Common market value of US$3.34 billionthe cryptocurrency surpasses Victoria’s Secret, a notorious luxury goods brand, which is valued at $2.98 billion.
The WIF coin, inspired by the meme of the dog wearing a beanie (Dog wife Hat), has a market value of US$3.15 billion. A higher value than Manchester United, one of the best-known teams in the world, which is valued at US$2.88 billion.
The Floki (FLOKI) cryptocurrency, inspired by Elon Musk’s dog, has a market value of US$2.17 billionwhile Tripadvisor, a travel review platform, is valued at US$1.97 billion.
Finally, the BRETT memecoin, with a market value of US$1.67 billionsurpasses Papa John’s, one of the largest pizza chains in the world, which is valued at US$1.62 billion.
DOGE phenomenon: Memecoins surpass traditional brands in market value
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DOGE phenomenon: Memecoins surpass traditional brands in market value
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DOGE phenomenon: Memecoins surpass traditional brands in market value
