Cryptocurrencies

Text

How does Gelato coin’s market capitalization compare to other meme coins?

Despite its whimsical nature, Gelato coin's market capitalization remains relatively low compared to established meme coins, placing it behind Dogecoin, Shiba Inu, Floki Inu, Dogelon Mars, Samoyedcoin, and Baby Doge Coin.

Dec 29, 2024 at 03:16 pm

Key Points:

Gelato coin's market capitalization is relatively low compared to other meme coins.
The top meme coins by market capitalization include Dogecoin, Shiba Inu, Floki Inu, Dogelon Mars, Samoyedcoin, and Baby Doge Coin.
Factors influencing market capitalization include coin supply, community size, and meme popularity.

How Does Gelato Coin's Market Capitalization Compare to Other Meme Coins?

Meme coins, known for their often whimsical or humorous themes, have gained significant popularity in the cryptocurrency market. Gelato coin (GEL) is one such meme coin that has attracted attention. However, its market capitalization remains relatively modest compared to established meme coins.

Market Capitalization Rankings of Top Meme Coins:

Dogecoin (DOGE): Over $10 billion
Shiba Inu (SHIB): Around $7 billion
Floki Inu (FLOKI): Over $400 million
Dogelon Mars (ELON): Over $100 million
Samoyedcoin (SAMO): Over $100 million
Baby Doge Coin (BABYDOGE): Over $100 million

Factors Influencing Market Capitalization:

The market capitalization of a cryptocurrency is calculated by multiplying the total number of coins in circulation by the current market price. Several factors contribute to the market capitalization of meme coins:

Coin Supply: A meme coin's supply influences its market capitalization. Coins with a limited supply tend to command higher valuations due to scarcity.
Community Size: The size and engagement of a meme coin's community can significantly impact its market capitalization. Larger and more active communities can create demand and drive up prices.
Meme Popularity: The popularity and virality of a meme coin's underlying meme influence its market capitalization. High-profile endorsements, social media buzz, and media coverage can boost demand.

Gelato Coin's Market Capitalization:

Gelato coin has a market capitalization of approximately $1 million. While this is relatively low compared to established meme coins, it is still notable for a coin with a less established following. Gelato coin's market capitalization provides insights into its potential for growth and adoption in the cryptocurrency market.

FAQs:

Q: Why is Gelato coin's market capitalization so low compared to other meme coins?
A: Gelato coin is a relatively new meme coin with a smaller community and less mainstream recognition. Its supply is also higher than some other meme coins, which can impact its market valuation.

Q: Can Gelato coin's market capitalization increase in the future?
A: The potential for Gelato coin's market capitalization to increase depends on various factors, including the growth of its community, the adoption of its underlying project, and overall market sentiment towards meme coins.

Q: How can I track Gelato coin's market capitalization?
A: You can track Gelato coin's market capitalization on cryptocurrency exchanges that list the coin or through market tracking websites and platforms.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

CGPT

$0.3233

50.73%

Trade Now
NCT

$0.0589

25.84%

Trade Now
ANON

$16.5964

24.86%

Trade Now
PIPPIN

$0.2390

24.76%

Trade Now
INSURANCE

$17.4881

23.28%

Trade Now
BSV

$59.7235

14.48%

Trade Now

Latest Crypto News

Could Shiba Inu (SHIB) Really Surge by 4,166,567% to Reach $1? CoinW Stirs Excitement in SHIB Community With Bold Prediction
2025-01-11 12:30:25
BeerBear: Your One-Way Ticket to Explosive Crypto Profits!
2025-01-11 12:40:25
XTB's CEO Eyes Super App as 80% of New Clients Pick Stocks, ETFs
2025-01-11 12:30:25
The Crypto Market Is Active, with Projects Both New and Old Reaching Important Goals
2025-01-11 12:30:25
CBK Pre-Qualifies Candidates for Multibillion-Shilling Coin Minting Tender
2025-01-11 12:30:25
CBK moves to prequalify candidates for coin minting tender
2025-01-11 12:30:25

Related knowledge

DIMO (DIMO) Coin Exchange Purchase Detailed Operation Tutorial

Jan 08,2025 at 11:18pm

Key PointsUnderstand the basics of cryptocurrency exchangesCreate an account on a reputable cryptocurrency exchangeFund your account with fiat currency or cryptocurrencyFind the DIMO (DIMO) trading pair and place an orderManage your DIMO (DIMO) holdingsStep-by-Step Guide to Purchasing DIMO (DIMO) on a Coin Exchange1. Choose a Cryptocurrency ExchangeSele...

Tectum (TET) Coin Purchase Tutorial Detailed

Jan 09,2025 at 04:04am

Tectum (TET) Coin Purchase Tutorial DetailedKey Points:Tectum (TET) is a cryptocurrency designed to provide a secure and private payment network.It combines blockchain technology with advanced cryptography to enhance user experience and address common cryptocurrency challenges.Interested individuals can purchase TET through various exchanges, including ...

What are the factors that are positive for GamerCoin (GHX)?

Jan 07,2025 at 11:43pm

Key Points:Surging popularity in blockchain gaming: GamerCoin's focus on blockchain gaming has positioned it well to capitalize on the rapidly growing industry.Strong community support: The project boasts a loyal and passionate community that actively engages with its development and promotion.Partnerships with key players: Collaborations with industry ...

Introduction to several methods to obtain GamerCoin (GHX) coins

Jan 06,2025 at 09:52pm

Key Points:Understand the nature and application of GamerCoin (GHX)Explore various methods to obtain GHX coins: DEXs, staking, airdrops, faucets, and play-to-earn gamesGain insights into the advantages and drawbacks of each methodDevelop a comprehensive strategy to maximize GHX acquisitionExplore potential risks associated with obtaining GHX coinsMethod...

What are the regulatory risks associated with GEODNET (GEOD) Coin?

Jan 08,2025 at 09:02am

Key Points:GEODNET (GEOD) Coin is a decentralized, proof-of-stake blockchain project that incentivizes data sharing and data aggregation.The project aims to create a global network of shared data for the benefit of all participants.GEOD Coin is the native currency of the GEODNET platform, used for incentivizing data sharing and rewarding network partici...

What security measures are in place to protect Tectum (TET) coin holders?

Jan 08,2025 at 09:05am

Key Points:Multi-sig wallet protectionSmart contract security auditsKYC/AML complianceHardware wallet supportBug bounty programCommunity engagement and transparencyArticle Body:Multi-sig Wallet ProtectionTectum (TET) holders' funds are stored in a multi-signature wallet, which requires multiple authorized parties to approve transactions. This adds an ex...