Dogecoin Top Dog in Meme Coin Market Cap

If you think meme coins are going to the dogs, you might be right.

Four of the five most popular meme coins based on market capitalization sport some kind of canine image.

Dogecoin, which features the image of the Shiba Inu dog as its logo and namesake, racked up a market cap of $22.19 billion, at the time of printing, according to CoinMarketCap, making it the most popular.

The crypto is considered the first of the so-called “meme coins,” which are inspired by a meme or has some humorous characteristic.

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