The world of cryptocurrencies has never been inseparable from the existence of meme coins, which have always attracted people's attention. Starting with Dogecoin, it has now grown into a huge ecosystem with a variety of memes, jokes, and a solid community.
Some meme coin projects even go a step further and create useful blockchain solutions such as layer 2 networks, wallets, decentralized exchanges, and more.
On the other hand, there are also meme coins that still focus on jokes and memes and have the main goal of building a community. In this article, we will discuss the most noteworthy meme coins in 2024 and whether they can surpass Bitcoin. Check out the full analysis below!
Source**: Focaster News
Dogecoin was the beginning of it all and was created as a joke by Billy Marcus and Jackson Palmer in 2013. However, DOGE has managed to attract the attention of a huge community, even with the support of popular figures such as Tesla, SpaceX, and Twitter owner Elon Musk.
Musk's support for DOGE has added to market volatility. When DOGE starts moving, traders are ready to make a big move. Due to the Bitcoin halving in April, many believe that 2024 will be the year of the big bull market. If this happens, DOGE is likely to be one of the meme coins to watch. Will it hit the coveted $1 target?
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Dogecoin's success has sparked the emergence of various other meme coins that want to take some or all of its dominance. Shiba Inu (shib) was the first to do this successfully. SHIB has created many millionaires in previous bull markets, with a total market capitalization of tens of billions of dollars.
A small investment of a few hundred dollars can bring hundreds of thousands or even millions of dollars in profits. Unlike most other meme coins that appear quickly and then disappear, SHIB survived.
After several leadership changes and ups and downs, the team behind SHIB is now building a complete ecosystem that includes Shibarium, Layer 2 blockchain solutions, and many other applications. SHIB is just as non-existent as other meme coins, but with a built-in burn mechanism, a strong bull market could lead to big swings in 2024.
**: Decryption
Dogwifhat (WIF) is included in the list of the most noteworthy meme coins in 2024 because it is a phenomenal newcomer. WIF started as a hilarious meme about a dog wearing a hat, hence the name. The meme coin is built on the Solana network and is currently one of the largest coins with a community of tens of thousands of holders.
WIF is known for its high volatility, with new gains and losses of up to 30-40% every week. This has not dampened the motivation of the community, which continues to look for new members. Even Arthur Hayes, the former CEO and co-founder of BitMEX, tweeted about WIF some time ago. Dogwifhat is a real meme coin – its developers have sold all the tokens, and its* is currently in the hands of its fans.
WIF doesn't have anything, just tons of memes and jokes. With the rapid development of the Solana ecosystem in recent months, the MEME coins built on it are undoubtedly worth paying attention to in 2024.
**: U today
Bonk Inu (BONK) is the original meme coin on Solana. Bonk took the world by storm in 2023, with its market capitalization soaring to nearly $2 billion. An interesting fact about Bonk is that it was found in the Solana Saga phone that was released not so long ago. At the time, the team added $10 worth of bonk to the phone as a gift to Saga phone users and perhaps as a way to enter the ecosystem.
Fast forward to 2023, and a $10 bonus is worth hundreds of dollars – more than the retail price of the phone itself. This led to an increase in demand, pushing the Saga phone** to $5,000 on eBay. It remains to be seen if Bonk will hit another all-time high in 2023, but the cryptocurrency has proven to be worth keeping an eye on in a strong bull market.
**：coincu
If you pay attention to the previous four coin memes, you'll see that they all have the same theme – the dog theme. PEPE has bucked this trend with the launch of the first high-performance frog-themed meme coin.
PEPE was launched in mid-April 2023 and its market cap soared to more than 4$200 million. As you may have guessed, there is an explicit mention of Pepe the Frog Meme, despite the fact that the official ** explicitly states that Pepe claims to have no relationship with Pepe The Frog.
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