With the constant changes in the crypto market, meme coins have taken over, and people are starting to understand why. Not only do they make things more exciting, but they can also bring investors massive gains. If you're looking for a new money maker in 2024, you need to keep a close eye on the top 10 meme coins that'll dominate this space.
We've poked and prodded dozens of meme coin projects to deliver a list of the best meme coins for crypto investors to remember in 2024. Work your way through our selection:
KangaMoon (KANG): Combining Social-Fi and play-to-earn elements, KangaMoon sets itself apart in the meme coin space by introducing utility to an essentially useless market.
Dogecoin (DOGE): As the pioneer of meme coins, Dogecoin continues to capture attention and maintain a strong community following, solidifying its position as a crypto mainstay.
Shiba Inu (SHIB): Taking inspiration from Dogecoin's success, Shiba Inu has carved its niche within the meme coin market. Its Shiba mascot and expanding ecosystem continue to attract investors.
Pepe (PEPE): Playful and engaging, Pepe is known for being memeable. Through events driven by the community, this meme coin always draws attention.
Sora (SORA): With advanced video capabilities, Sora sits at the intersection of memes and AI. Its web3 project aims to be all-encompassing.
Wen (WEN): A meme coin that also serves as a governance token for the WEN DAO.
Myro (MYRO): Investors are closely watching this Solana-based meme coin. Many believe this could be one of those "next big things."
Bonk (BONK): This Solana-based meme coin was given away through an airdrop featuring a Shiba Inu mascot. The giveaway helped Bonk gain early attention from investors.
Dogwifhat (WIF): Embracing its playful concept, complete with a Shiba Inu wearing a hat, Dogwifhat focuses on charity work.
PepeFork (PORK): A fork of Pepe (PEPE), PepeFork is an Ethereum-based meme coin.
Now, let's analyze the ten most promising meme coins to consider for investment in 2024.
KangaMoon (KANG) is uniquely progressive in the nonsensical meme coin market. While most other cryptos in this space have no use, KangaMoon has emerged as an exception by integrating Social-Fi and play-to-earn (P2E) elements into its ecosystem. Soon, this P2E game will allow gamers to spend their KANG on character upgrades and various in-game items.
This innovative utility positions KangaMoon at the top of the meme coin space. Owning these coins will give you access to spectate matches and place bets on fight outcomes. KANG holders also participate in weekly/monthly/quarterly challenges, which reward more tokens and in-game items. These items can also be offered for sale on the KangaMoon marketplace.
KANG is in its second stage presale, which has raised close to $150K so far. The KANG token is currently worth only $0.0075 – a 50% rise from its starting price. With such high demand, market analysts predict a further 1,000% surge when it hits exchanges in Q2 of 2024.
Due to all these reasons, many market analysts have pegged this newcomer as a future meme coin titan that could replicate the success of Dogecoin and Shiba Inu.
Dogecoin (DOGE) marks the first time meme coins became a thing. DOGE was launched in 2013 as a fun and lighthearted digital token, with the iconic Shiba Inu dog from the "Doge" internet meme as its mascot. The coin is often called "joke currency," but joke or not, it has seen severe success over time.
The Dogecoin price jumped from $0.079 to $0.084 in the past 30 days alone. Its market cap increased from $11B to $12B in that period. In addition, the price of Dogecoin is currently above its 21 and 50-day EMAs. Therefore, experts predict this meme coin will trade at $0.13 within Q2 of 2024.
Another member of the meme coin family, Shiba Inu (SHIB) has taken advantage of the trend started by Dogecoin. The cryptocurrency was created in 2020, and like its predecessor, it drew inspiration from the Shiba Inu dog breed. Shiba Inu didn't take long to gain popularity in the crypto community.
As a matter of fact, the Shiba Inu price jumped from $0.0000090 to $0.000009529 over the last month. The Shiba inu market cap jumped from $5.33B to $5.61B during that time. This meme coin is trading above its 50- and 100-day EMAs. Thus, market analysts foresee a surge to $0.000016 within Q2 of 2024.
Pepe (PEPE) is a meme coin that operates on the Ethereum blockchain. It's a deflationary currency. The project pays homage to Pepe the Frog, which has been known for being an Internet meme since the early 2000s. Pepe stands out by being the most memeable crypto in the crowded meme coin market.
Regarding the Pepe price movement, it has increased from $0.000001088 to $0.000001394 in the last 30 days alone. Its market cap jumped from $457M to $587M in that period. Sentiment for this meme coin is bullish, as 20 technical indicators are green. Therefore, experts predict Pepe will trade at $0.000002 within Q2 of 2024.
Sora (SORA) is a meme coin that will help the text-to-video model. Merging the world of memes with advanced video creation, Sora sets out to redefine what meme coins can accomplish in crypto.
The Sora price has recently fluctuated between $0.014 and $0.010 in the past month alone. Additionally, its technical analysis shows a bullish picture. Due to all these reasons, market analysts foresee that this meme coin will reach a value of $0.050 within Q2 of 2024.
Wen (WEN) is a meme coin that is more than what it looks like. It's also the governance token for WEN DAO. WenMint created this decentralized organization to integrate the NFT launchpad on the Ethereum network with WEN Token's governance features. As a result, using this token adds depth to how it operates within the bigger crypto ecosystem.
Over the last week, the Wen price has moved between $0.000091 and $0.000068. Its market cap fluctuated between $57M and $42M during that period. Furthermore, the Wen coin is now trading above its 21-day EMA. Because of this, experts predict that this meme coin will surge to $0.000126 within Q2 of 2024.
Myro (MYRO) is a Solana-based meme coin that was named after the dog of one of its creators Raj Gokal. The meme coin has a lot of uses, such as staking, trading, and automated purchasing. People in its ecosystem also love it for being so valuable to them.
In terms of the Myro price movement, it soared from $0.00413 to $0.066 in the past year alone. The Myro market cap grew from $16M to $62M during that time. Additionally, the technical analysis for this meme coin shows bullish signs, as 15 indicators are green. Thus, market analysts foresee Myro hitting $0.080 within Q2 of 2024.
Bonk (BONK) is the first dog meme coin on the Solana blockchain, and it takes a "for the people, by the people" distribution model. 50% of its total supply was airdropped to Solana community members. The project hopes to restore some liquidity into DEXs running on Solana.
The Bonk price has recently surged from $0.00001155 to $0.00001179 over the past 30 days. Its market cap increased from $731M to $763M in that period. Moreover, Bonk is now trading above its 21-day EMA. Therefore, experts forecast this meme coin will trade at $0.000019 within Q2 of 2024.
Dogwifhat (HAT) is a meme coin on the Solana blockchain that features a Shiba Inu wearing a hat. Following in the footsteps of Dogecoin, this meme coin strives to create an active community, encouraging users to participate in fun meme competitions and charitable events instead of focusing on just making money.
The Dogwifhat price has pumped from $0.31 to $0.37 in the past 30 days. Not only that, the Dogwifhat market cap surged from $313M to $372M during that period. Currently, over ten technical indicators are flashing green for this meme coin. Because of this, market analysts predict that Dogwifhat will reach a price of $0.50 within Q2 of 2024.
PepeFork (PORK) is the proud meme coin established on Ethereum's blockchain. This coin was set by forking off of the popular Pepe meme coin. What makes this such a stand-out digital currency is just how fast it's been able to grow.
The PepeFork price has jumped from $0.0000000075 to $0.0000003488 in the past month alone. Its market cap fluctuated between $189M and $118M in that time. Experts in the crypto field forecast that PepeFork will trade at $0.00000064 within Q2 of 2024.
Meme coins are a strange combination of humor, online pop culture, and cryptocurrency. Unlike traditional cryptocurrencies, which focus on technology and utility, meme coins use internet jokes to create communities that engage with one another. Their lighthearted and community-driven nature has pulled new investors to the crypto space in droves.
While many lack utility, few (like KangaMoon) stand out. Additionally, most meme coins are now developed as ERC-20 tokens that can be used within the Ethereum blockchain for transactions.
Meme coins are incredibly risky and volatile. While some have seen extraordinary growth, others have left investors with substantial losses. Meme coins don't follow the traditional rules. It's not about fundamental factors like market sentiment, social media trends, and speculative behavior.
Let's go over some benefits of buying meme coins:
During their initial stages, meme coins can rapidly grow in value. If the coin gains traction, early investors could see huge returns. Though it is impossible to guarantee that any meme cryptocurrency will blow up after launching, this pattern has been seen repeatedly across meme coins.
Meme coins can create devoted and vibrant followings. Talking to other investors who are as passionate about the project as you are gives you a sense of belonging and shared eagerness. Bonds like this are hard to come by in investment circles, which makes them a huge draw for investors.
Changes in social media and the internet primarily determine the market for meme coins. By investing in them, a person can both participate in and enhance these trends.
While meme coins can offer the possibility of fast gains and a sense of belonging, they come with drawbacks. Let's discover some of these drawbacks.
Traditional financial markets are quite different from the meme coin space. Meme coins are far less regulated, which puts investors at risk of scams, fraudulent schemes, and market manipulation.
Meme coins are notorious for being highly unpredictable in price, which means they can change at any moment. This could have disastrous results for investors who didn't see that coming and might have a lot to lose as the value randomly drops.
Meme coins don't typically have total fundamental value or utility. These currencies rely more on social media trends and market sentiment, which is a little too whimsical for my liking. The speculative nature of these investments often drives interest in the hype rather than its actual value.
Spotting meme coins with tremendous prospects before breaking out remains challenging for investors. The ones to reap the highest returns from investments made on meme coins usually are the people who can recognize promising projects early on, long before the rest of the investor community.
Recognizing these potentially high-growth meme coins can come in numerous ways:
Keep your eyes peeled on social media. Platforms like Twitter, Reddit, and cryptocurrency forums are often where new meme coins start. Give them enough time to gain a little traction before you decide to invest.
A whole bunch of meme coins do presales. This is where investors can get a new meme token before it becomes available for exchange trading. The most common thing that happens during these presales is that early birds will be given a discount when compared to the listing price that comes along with the coin's public debut.
Key to any meme coin project is making a big splash right out of the gate. And that's where crypto analysts and influencers come in. With their army of followers, whether on Twitter or YouTube, they reach millions in just a few clicks, offering insights into new tokens and showcasing projects.
Early investors who seized opportunities with popular projects made loads of money with meme coins. The successes are not uniform for every meme coin, but we've pinpointed ten projects poised for significant returns in 2024.
KangaMoon (KANG) leads the pack, a rapidly gaining meme coin that could be the next crypto to 100x this year. If you're interested, you can join the presale of this meme coin by signing up below and getting a 15% bonus on each purchase.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.