The Avalanche C-Chain’s least innovative, least remarkable, and least understandable meme coin is Koava. The entire supply is limited to an arbitrary amount, alluding to the mayhem that results from combining conventional reasoning with the erratic world of Avalanche meme coins. The purpose of token distribution is to confuse investors and make them doubt their basic understanding of finance. The crypto team aims to create an entertaining ecosystem to attract interest. According to records, there are 21,000,000,000 coins in circulation overall, and The most significant amount ever paid on March 03, 2024, for Koava (KOAVA) was $0.01326.
Launched in December 2023, Kimbo is one of the top Avalanche meme coins with a dog theme. The coin started at $0.00005719. By the end of 2023, the price of the Avalanche meme coin had sharply increased, peaking at $0.0003265.
The Avalanche Foundation’s announcement that it will acknowledge and support meme coins marked the beginning of this enormous price increase. Today, we’re seeing a similar price spike as the Avalanche Foundation published fresh information about the requirements for choosing meme coins.
With its chicken theme, Coq Inu is a breath of fresh air in the top Avalanche meme coins business amidst the plethora of dog-based meme coins. The Avalanche Foundation’s declaration that meme coins will be chosen according to specific eligibility requirements has also increased its value.
After that, at the end of 2023, the price of COQ had drastically decreased before rising again on January 1, 2024. The cost of the COQ coin has increased significantly since the start of 2024.
Another adorable dig-based meme coin on the Avalanche blockchain is called Husky AVAX. HUSKY tokens can be used for more than just Avalanche meme coins; they can also be used to buy online goods, Music NFTs, and other NFT collections. Like other Avalanche meme coins, the price of HUSKY is constantly rising. The Avalanche Foundation’s most recent pronouncements significantly influence the cost of HUSKY tokens, particularly the current price increase.
In September 2023, a brand-new cryptocurrency called Blob was introduced as one of the top Avalanche meme coins. Since it is an Avalanche meme coin, it is predicated on an online meme. The meme, in this instance, is a cartoon slime blob. Supporters of Blob are becoming more numerous. This is encouraging since it shows a market for the coin, and that development will probably continue. Currently, NFTs and other digital items can be bought using Blob. This is encouraging since it lends the coin more use than just being a speculative investment. The team members of Blob are not identified. This is concerning since evaluating their qualifications and experience makes it challenging.
The decentralized Osaka Protocol project began with an airdrop of 30% of the supply to everyone who sold SHIB before its lunar landing. Osaka Phase 1 aims to create a distributed community that collaborates to spread the ecosystem. The most significant amount ever paid on March 07, 2024, for Osaka Protocol (OSAK) was $0.064376. Osaka Protocol’s (OSAK) market capitalization is 201,498,775 dollars. Token price multiplied by the number of OSAK tokens in circulation is how market capitalization is calculated. Osaka Protocol (OSAK) has a fully diluted valuation (FDV) of 201,498,775 dollars. Assuming that one quadrillion OSAK tokens are currently in circulation, this is a statistical depiction of the maximum market cap.
ShibaVax (SHIBX) is one of the top Avalanche meme coins inspired by the Shiba Inu. It presents a special edition of DeFi and acts as a demonstration of Avalanche’s capabilities. This novel feature allows passive incentive accumulation without requiring token deposits on a DeFi network. Furthermore, Shibx presents a novel DeFi product that offers holders rewards and a deflationary element through a 2% burn with a 10% transaction distribution.
Shortly, Bingo hopes to become the leading Avalanche meme coin. Bingo had a market capitalization of more than $1 million when it hit its peak of approximately $0.07. Right now, Pharaoh Exchange and Trader Joe’s are selling bingo. The most significant amount ever spent on Bingo (BINGO) was $0.07017 as of January 4, 2024. Bingo’s (BINGO) fully diluted valuation (FDV) is $435,173. This statistical depiction of the maximum market capitalization presumes that the 100 million BINGO tokens are circulating. The realization of FDV may take several years, contingent upon the design of the BINGO token emission schedule.
Exploring The Avalanche Meme Coin Ecosystem
A Brief of Recent Growth: Avalanche saw two significant upticks in on-chain activity in the fourth quarter of 2023, which the report claims “catalyzed sustained growth.” The introduction of the ASC-20 token standard, intended to encourage the growth of the Avalanche blockchain and boost transaction volume on the network around the time of launch, caused the first spike on November 22, 2023. It turned top Avalanche meme coins into attractive investment options.
Several well-known protocols and decentralized exchanges (DEXs), including Benqi Finance, Aave, Struct, and Delta Prime, are responsible for the spike in Avalanche’s TVL. You can read about TVL metrics to understand What TVL Is. Specifically, at the peak of Avalanche, Benqi accounted for more than 40% of the company’s TVL. Furthermore, by the end of 2023, Trader Joe’s trade volume had grown by over 570%. At its peak on December 21, it accounted for over 80% of Avalanche’s decentralized finance (DeFi) swap volume.
In Q4 of 2023, the Avalanche network witnessed several developing trends, a rise in on-chain activity, and a TVL surge. These trends included increased daily market capitalization of real-world assets (RWAs) and the deployment of several gaming and metaverse projects.
The Future of Avalanche Ecosystem: The general outlook for the Avalanche network is positive due to the network’s natural growth in user base. Notwithstanding changes in on-chain transactions and fees, over 12,000 deployers have produced over a quarter of a million contracts since October 2023, demonstrating robust smart contract creation on Avalanche. As with all cryptocurrencies, it is impossible to forecast AVAX’s future. Nonetheless, the mood right now is optimistic.
The chain’s “Web3 efforts” may have contributed to Avalanche’s latest achievements. First, its NFT Dokyoworld twice rose to the top of the NFT trading list on all chains. Second, after TSM’s Blitz App Subnet went live and started handling payments for its premium service, its gaming industry took off. Third, with strong Asian support, its inscriptions market is doing reasonably well. Their price is rising in part due to the rise in activities.