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A new class of meme coins including Culture coins is expected to rock the meme world, surpassing the animal tokens including Dogecoin and Shiba Inu.
In a world where a meme coin is introduced every week, it is predicted that the culture coins can defeat the animal tokens soon. According to the co-founder of Mechanism Capital, Andrew Kang, meme coins related to politics, religion, and successful consumer brands have chances to go viral when compared to animal-based tokens. Jeo Boden (BODEN) and Doland Tremp (TREMP) are two potential players on the list.
Culture Meme Coins To Surpass Animal Tokens
On April 7, a post on X by Andrew Kang indicated a new class of “cultural coins” that are centered around cultural values including brands, politics, religion, and lifestyle.
Culture Coins: A new class of Memecoins
— Andrew Kang (@Rewkang) April 7, 2024
You could consider all memecoins as coins of culture. Memes themselves are defined as elements of culture that are spread by individuals throughout the world. The first big memecoin, Doge was based on a famous internet meme itself and the… pic.twitter.com/8ZANSXIdIQ
According to Kang, cultural coins including BODEN and TREMP hold the potential to become viral in the meme space. In the upcoming cycle, these coins will defeat the popular meme coins like Dogecoin (DOGE) or Shiba Inu (SHIB).
BODEN and TREMP, the Solana-based culture coins expanded their roots in the meme world and grew rapidly out of communities harboring “anti-Bidden, anti-woke, and right-wing views”.
“Compared to animal coins, coins that represent consumer brands can have the additional advantage of leveraging the associated lifestyle of that brand for added virality,” Kang added.
According to Kang, investors and the crypto community believe in assets that pump the hardest including stocks, real estate, metals, coins, etc.
BODEN coin was launched on March 9 and showcased an outstanding performance with a positive gain of 700,000% since inception. At the time of publishing, the price of BODEN coin was $0.8443, after a spike of 12.73% in one day. The culture coin has a market cap of $588,396,924 and $27,053,161 in 24-hour volume. The meme token has a total and circulating supply of 690,325,516 BODEN.
TREMP, on the other hand, also showcased a jaw-dropping performance since the very first day of launch. The meme token was launched on February 27. The coin recorded an all-time high of $1.05 on March 30 and an all-time low of $0.07521 on March 9.
At the time of publishing, the coin is trading at $0.7903 after an upsurge of 1.46% in one day with a market cap of $79,256,877. TREMP has a maximum supply of 100 Million and a self-reported circulating supply of 99,999,138 tokens.
As per the data of CoinGecko, an average gain of over 1,312.6% was observed in the first quarter of 2024 and is generated by the 10 largest meme coins.
DOGE vs SHIB
According to CoinMarketCap, Dogecoin (DOGE) is trading at $0.2068 after an upsurge of 4.27% in a day and has a market cap of $29,733,446,180. The 24-hour volume of the meme coin is $2,486,082,310. Additionally, the coin has a total and circulating supply of 143,799,676,384 DOGE.
Shiba Inu (SHIB), on the other hand, has a current price of $0.00002903, after a hike of 2.31% in one day. The meme coin has a market cap of $17,116,946,418 and a 24-hour volume of $739,043,465. SHIB has a total and circulating supply of 589,534,086,491,242 tokens.
Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.
