The market value of meme coins, which emerged purely for humorous purposes, now rivals that of our large companies. Let’s take a look at the dramatic impact these meme coins, which once existed only in the dark corners of the internet, are having in today’s financial world.
As we know, meme coins are cryptocurrencies created and supported by communities, often based on popular internet humor. However, recently, these humorous digital assets market values It started to increase rapidly and attract a lot of attention.
Market values at Borsa Istanbul These digital assets, competing with the market values of giant companies, signal an astonishing change in the investment world.
Investor Efe Bulduk recently drew attention to this issue.
For example, the market value of Turkish Airlines operating in Borsa Istanbul $12.39 billion. Koç Holding’s is 15.23 billion dollars. The market value of DOGE, a type of meme coin, is $24.55 billion. In other words, it is considerably more than the market value of our largest and most valuable companies…
From this perspective, the market value of this coin, which serves no purpose and has no project, is giant companies exceeding their market value It reveals a very interesting picture.
Now let’s look at this more holistically by examining the 10 meme coins with the highest market cap.
Sequence No. | Meme Coin | Market value |
one | DOGE | $24.55 billion |
2 | SHIB | $16.31 billion |
3 | PEPE | $3.16 billion |
4 | WIF | $2.85 billion |
5 | FLOKI | $2.19 billion |
6 | BONK | $1.51 billion |
7 | BOME | $747.22 million |
8 | BREAST | $443.07 million |
9 | BabyDoge | $352.75 million |
10 | MOG | $338.01 million |
Total: | $52.45 billion |
As can be seen from the table, the meme coin with the highest market value is DOGE with $24.55 billion.
If the total market cap of TOP10 meme coin is $52.45 billion.
What about our companies? Let’s also examine the market values of Turkish companies.
Sequence No. | Company | Share Name | Market value |
one | Koç Holding | KCHOL | $15.23 billion |
2 | Turkish Airlines AO | THYAO | $12.39 billion |
3 | Ford Automotive Industry Inc. | FROTO | $12.37 billion |
4 | Turkish Petroleum Refineries Inc. | TUPRS | $10.21 billion |
5 | Türkiye İş Bankası A.Ş. | ISCTR | $9.53 billion |
6 | Türkiye Garanti Bankası A.Ş. | GARAN | $8.90 billion |
7 | Aselsan Elektronik Sanayi ve Ticaret A.Ş. | ASELS | $7.92 billion |
8 | Akbank TAŞ. | AKBNK | $7.34 billion |
9 | Yapı ve Kredi Bankası A.Ş. | YKBNK | $6.93 billion |
10 | BİM United Stores Inc. | BIMAS | $6.87 billion |
Total: | 97.69 |
As summarized in the table above, according to the data published by Trading View, the market value of Koç Holding, which is in the BIST 30 index and ranks 1st among the companies with the highest market value, is $15.23 billion.
When we look at the market value of Turkish companies, We see that their total market value is 97.69 billion dollars.
In other words, the market value of these companies, which have been serving their customers for years as well as having a purpose, is among the meme coins that do not even have a purpose. There is a difference of $45.24 billion.
So, what is the reason behind this meme coin craze?
First, many investors invest in traditional stocks instead. higher risk but higher return looking for a way. So, after all, what was one of the basic rules of finance? Risk and return are directly proportional! Meme coins seem to meet this demand from investors.
Also, because meme coins are heavily promoted and talked about on social media platforms among young investors is also gaining popularity.
Since the increase in prices as a result of the increasing demand for meme coins triggers the motivation of other investors who are open to innovation to make money, investors turn to these coins where they see earning potential, and this literally increases the value of meme coins. swelling like a balloon results.
The risks brought by this madness should not be ignored.
The cryptocurrency market is already a very risky market by nature. Especially decentralized structure It is quite risky compared to the stock market due to many factors, especially To learn the difference between cryptocurrencies and the stock market in more detail, we have discussed it in our content below.
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Meme coins have a special place among cryptocurrencies, which are generally a high-risk market. These types of coins durable Because there is no project It carries much more risk than other crypto money instruments.
Because their value is based entirely on the rumors in the market, not on the soundness of the project. This results in the value of meme coins being determined solely by rumors.
“Well, isn’t that speculation anyway?” If you say, you are right, but it doesn’t work exactly like that. It is possible that meme coins do not have a project and the value is based only on investors’ expectations. in a weak position against negative discourse leaving.
For this reason, the value of meme coins is generally lower than other crypto assets, especially the stock market. more sudden and unpredictable shows fluctuations.
As a result, the market value of meme coins is approaching the market value of giant companies in Borsa Istanbul, traditional norms in financial markets are being questioned and it shows that the trend is changing.
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