The cryptocurrency market has been flooded with meme coins this year, and these coins have become the unique investment options that many of the largest cryptocurrencies cannot offer. Experts have stated that the meme coin market, which reached $60 billion in the first half of the year, can grow to $100 billion in this bull cycle.
Since meme coins can potentially generate huge profits, investors are now looking for the best meme coins to invest in. If you are one such investor looking to capitalize on the meme coin market trend, here are the top 5 picks to consider: Angry Pepe Fork, dogwifhat, Super Trump, Turbo, and Shiba Inu.
Although memecoins are popularly known for being joke coins with next to no utility, market experts are very bullish about this asset class in 2024. According to many experts, 2024 would be the breakout year for the meme coin market.
One of the reasons for this prediction is the growing interest of institutional investors in memecoins. ByBit recently reported that on centralized exchanges, institutional investors increased their holding to a high of $300 million in April, from just $63 million in January.
In May, VanEck’s MarketVector launched a meme coin index, MEMECOIN, to track assets in this space, confirming the growing interest of these deep-pocketed investors. This, along with the growing global acceptance, has made many market experts predict a massive rally for the meme coin space.
As the meme coin space looks to expand this year, market experts have picked Angry Pepe Fork, dogwifhat, Super Trump, Turbo, and Shiba Inu as the most promising additions to the portfolio of every investor.
Angry Pepe Fork (APROK) is quickly gaining popularity in the market as a movement rather than just another addition to the list of meme coins. This new project has gained the attention of investors and top experts because it is going to change the narrative of the meme coin market. In just a few days of its presale, APORK has crossed the $135k mark in presale.
The aim of this project is to reshape the market, removing the zombie coins that lack any form of value and have caused investors heartache. Using “Conquer To Earn,” Angry Pepe Fork aims to collectively reward its users for defeating and removing zombie meme coins from the market.
Angry Pepe Fork will also unveil a staking feature in its second presale stage. APORK staking is revolutionary, as the APY increases as more zombie coins are defeated. Because of its novel combination of utility and incentivization, APORK has been rated as one of the top meme coins to invest in for maximum returns this year.
In the spirit of changing the narrative, Angry Pepe Fork has an advanced tokenomics system that issues only 1.9 billion APORK tokens. This relatively low supply compared to other meme coins, will cause APORK to experience a bigger rise in value. While it is currently priced at only $0.014 in its first presale stage, market experts have forecasted an increase of 50x in its presale.
While Super Trump (STRUMP) is not officially affiliated with Donald Trump, the meme token pays homage to his legacy and supports his presidential bid. A portion of the transaction fees of Super Trump goes directly to a wallet held by the Trump campaign team.
As Donald Trump, one of the top candidates in the 2024 elections, embraced crypto, the price of STRUMP rallied massively. In the last two months, the STRUMP has increased by 500%. With the elections coming, many experts believe STRUMP could jump by 10x and hit $0.15.
Despite being in the market for only about six months, dogwifhat (WIF) is one of the new meme tokens that has left an impact. WIF instantly gathered a vast followership because of its bullish price action and dedication to community.
Although the price of dogwifhat has cooled over the last three months, like the rest of the market, experts remain bullish about its future. As the leading memecoin on Solana, there are predictions that the dogwifhat coin is bound to rally above $8 before the end of this year.
The integration of artificial intelligence into the meme coin space has been growing, and Turbo (TURBO) is the biggest proof. Turbo is one the new meme tokens that have recorded the biggest gains in 2024 as it is the first memecoin that is created entirely by AI.
In the last month alone, the value of TURBO has risen by more than 400%, and even better, a 10x price pump year-to-date. This background puts TURBO in a great place to be one of the top meme coins in the next bull run and it could easily go up another 5-10x by the end of the year.
Though Shiba Inu (SHIB) may not be the best-performing memecoin for this year, analysts still expect the digital asset to perform well in the year. The major objective of this is the increase in the usage and popularity of Shiba Inu.
The platform’s layer two network, known as Shibarium has been launched and has been very much welcomed in the memecoin space. With the growth of the open-source ecosystem of decentralized applications (DApps) protocols on Shiba Inu, the price of Shiba Inu could rise by more than 5x to trade above $0.0001 before the year ends.
The list above shows the best meme coins to invest in, with each showing the potential of at least a 5x price increase. However, APORK stands out from the rest, looking to rally by more than 50x before the year ends.
Thus, Angry Pepe Fork is the best meme coin to buy as it is a unique project looking forward to changing the narrative of the meme coin market. In addition, it has a passive income generation tool that makes it a more attractive option than other memecoins.
Because of this, market experts are optimistic the project will attract a lot of attention in the coming months. This, and the smaller market cap of APORK gives it room to experience a bigger increase, making it the best memecoin to HODL.
The interest institutional investors have shown in memecoins suggests that the market will only continue growing in 2024 and beyond. The top meme coins for investors seeking to capitalize on this trend are Angry Pepe Fork, Super Trump, Shiba Inu, Turbo, and Dogwifhat.
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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.