When it comes to crypto investments, the circulating supply of a coin plays a significant role in influencing market behavior. Cryptocurrencies with high circulating supplies often attract investors because they are widely available.
While some prefer low-supply coins for their scarcity, high-supply assets are ideal for strategies that capitalize on widespread distribution. Below, we explore some of the top cryptocurrencies with high circulating supplies that are worth considering.
Milady Meme Coin ($LADYS)
Milady Meme Coin ($LADYS) is a unique cryptocurrency inspired by internet culture. Unlike traditional cryptos, $LADYS merges digital currency with online trends, creating a strong blend of finance and entertainment. With a circulating supply of 734.4 trillion, this coin thrives on community engagement, primarily through social media. However, its volatility and dependence on internet culture make it a risky investment, as its value is often tied to trending memes.
Shiba Inu (SHIB)
Shiba Inu ($SHIB) is a decentralized, community-driven cryptocurrency that has gained global recognition since its launch in 2020. With a circulating supply of 589.3 trillion, $SHIB is commonly accepted as a form of payment and powers its decentralized exchange, ShibaSwap. Its governance model, built on the Ethereum blockchain, allows users to actively participate in decision-making. Despite its popularity, the vast supply and reliance on community sentiment make it vulnerable to market fluctuations, which could affect its long-term value.
Pepe ($PEPE)
Pepe ($PEPE) is a deflationary meme coin that pays tribute to the meme character Pepe the Frog. Running on the Ethereum blockchain, $PEPE incorporates a redistribution system that rewards long-term holders. With no transaction taxes and a burn mechanism to reduce its supply, $PEPE aims to create scarcity while maintaining strong community engagement. Although popular in the meme coin space, its lack of practical utility and susceptibility to regulatory scrutiny may limit its future potential.
