Top Meme Coins Every Investor Should Buy and HODL in 2024
With multiple prominent analysts predicting the possibility of a cryptocurrency bull run, 2024 seems to be a fantastic year for the crypto community.More than ever, top market experts and investors have been focusing on the meme coin market in anticipation of enormous profits in 2024 because of their explosive price rise.
Ten of the top meme coins available on the market are highlighted in this post, which investors may watch for enormous profits in 2024.They include Shiba Inu, Dogecoin, Pepe coin, Floki, Bonk, Dogwifhat, Memecoin, PepeFork, Bone ShibaSwap, and
KangaMoon.
The Meme Coin Dominance in the Crypto Space
Meme coins, which started as a small fraction of the crypto market, have grown over the years.They now cover 1.4% of the crypto market, thanks to the increase of meme coin-based projects that have flooded the market.
Even though Ethereum and Bitcoin still have the biggest market shares—52.3% and 16.6%, respectively—memes could gain ground in the upcoming months.
Market Share of Top Meme Coins
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Dogecoin: Dogecoin has the biggest market share (57.3%) in the meme coin market, due to its substantial market valuation.Over time, the meme coin has become more and more well-known thanks to backing from well-known figures such as Elon Musk and social media participation.
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Shiba Inu: With a market share of 26.9%, Shiba Inu is the next most dominant breed, having killed Dogecoin.In addition to being a meme coin, its compatibility with the Ethereum network allows it to handle smart contracts, something that Bitcoin cannot.
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BONK: Bonk has a small share of 3.4%, which is understandable given that it only began to gain huge relevance in 2023.
The expansion and growth of the Solana blockchain have contributed to its immense success in the past year.
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Others: These are the remaining meme coins in the market with lower market cap and popularity compared to the big three.They have a market share of 5.3%.
Top Meme Coins To Buy in 2024
1.Shiba Inu (SHIB) To Experience A Repeat of 2021?
Shiba Inu (SHIB), the second-largest meme coin by market cap, rose to prominence in 2021, riding on the success of Dogecoin.The Ethereum-based meme coin has expanded its ecosystem over the years, launching a layer-2 blockchain, Shibarium, a decentralized exchange, ShibaSwap, and a metaverse platform.
At the moment, the team is working to launch an auto-burn mechanism that will reduce its token supply, which is running into trillions.
2.
Dogecoin (DOGE) Remains the Pacesetter
Dogecoin (DOGE), the largest meme coin by market cap and one of the top 15 cryptos, rose to stardom in 2021 thanks to support from its vibrant community and support from Twitter billionaire Elon Musk.
While its price movement has been bearish in the past month, the community continues to remain bullish on a price resurgence.
3.Pepe coin (PEPE), The Frog-themed Meme Coin
Pepe coin (PEPE) is a frog-themed meme coin that mirrored the success of Dogecoin, soaring to a market cap of $1 billion in less than a month.
This was something that took Dogecoin 4 years to achieve.The surprising part is that Pepe depended on hype to hit this milestone with no actual utility.
As a result, investors are left wondering how the meme token would reach if the utility was added to its resume.Also, its X community continues to grow amid its notable price fluctuations.
4.Floki (FLOKI) Expands Into Multiple Markets
Floki (FLOKI), known as the people’s crypto, jumped from being just a meme coin depending on hype to building a comprehensive ecosystem.
The team is divided into various projects like DeFi, NFTs, and the metaverse, adding more utility to the platform.
While Floki Inu’s price movement has been in the past month, the community is still hoping for a major turnaround in the coming months.
5.Bonk (BONK) To Ride the Solana Rally
Bonk (BONK) is the largest Solana-based meme coin in the market right now and has opened the way for more Solana-based meme coins after its recent price surge.The meme coin’s price surge coincided with Solana’s bullish market recovery and saw its price hit a peak of $0.00003419 in December.
While the meme coin has seen losses, it is working on building a comprehensive ecosystem that will boost the adoption of the Bonk token.
6.Dogwifhat (WIF) Seeks Redemption As Solana Ralies
Dogwifhat (WIF) is another Solana-based meme coin that was released after the Bonk meme coin price surge in 2023.Many had expected the meme coin to see the same bullish price surge as Bonk, but its price ascent was cut short.
Nevertheless, the community continues to remain hopeful about the potential of the meme coin.Despite falling from its all-time high, Dogwifhat is still 514.95% above its all-time low of $0.0677.
7.Memecoin (MEME) Becomes New Investment Hub
Memecoin (MEME) is the native token of the Memeland ecosystem, which received a huge investment from Binance Labs at the beginning of 2024.The meme coin, part of the top 200 cryptos by market cap, is currently trading on the monthly chart at the $0.02104-$0.03055 price range.
Given its huge investment from Binance Labs, Memeland plans to develop its ecosystem so the MEME token could have more utility.
8.
PepeFork (PORK) Hopes To Recreate the Pepe Coin Magic
PepeFork (PORK) is a pink-themed meme coin that is a hard fork of the green-themed meme coin Pepe.PepeFork was created to soar on the shortcomings of the Pepe coin and rose to a market cap of over $200 million in less than 48 hours after its launch.
At its peak, PepeFork’s price skyrocketed to $0.0000009132 on February 2nd.Although the value of the meme coin has dropped, it remains bullish on the market, trading 431.55% above its all-time low of $0.0000000689.
9.Bone ShibaSwap (BONE) on a Recovery Mission
Bone ShibaSwap (BONE), an Ethereum-based meme coin, is the native tone of Shiba Inu’s decentralized exchange (DEX).Bone ShibaSwap benefited from the Shiba Inu ecosystem and rose to a peak of $41.67 in 2021 before falling to $0.525-$0.6674.
While the meme coin is far below its all-time high, the increased demand for decentralized exchanges could increase its adoption in 2024.Moreover, the Shiba Inu ecosystem is expanding and could see a large influx of users in the coming months.
10.
KangaMoon (KANG): Taking Over the Meme Coin Space With SocialFi
KangaMoon (KANG) is a new meme token that merges the benefits of play-to-earn and Social-Fi to build an engaging meme coin environment.This platform, which would be community-driven, will bring meme coin lovers together, allowing them to interact and engage in healthy competitions.
The platform has a native token called KANG, which has more utility than most top meme coins.Firstly, KANG holders can take part in various competitions where they can earn prizes and rewards.This makes KANG one of the best meme coins to buy right now for a price of only $0.0075.
They also have governance rights, which entitles them to participate in platform decision-making.KangaMoon intends to introduce a play-to-earn game, an NFT marketplace, and a metaverse project in the future in order to further develop this functionality.
In Summary
The top meme coins to buy for investors to make the most of the highly anticipated 2024 bull run include Shiba Inu, Dogecoin, Pepe coin, Floki, Bonk, Dogwifhat, Memecoin, PepeFork, Bone ShibaSwap, and KangaMoon.
In addition to being the best meme coins to buy right now, its ecosystem has exciting new features and advancements that will eventually pay off for investors.
Discover the Exciting Opportunities of the Kangamoon (KANG) Presale Today!
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