Gone are the days when people only invested in Bitcoin and Ethereum — thanks to the presence of meme coins, which have become solid choices in the altcoin market. These coins are renowned for their astronomical price growths, which make them rewarding investments for traders and investors.
However, there are numerous meme cryptocurrencies out there, and finding the one to invest in may be tricky. That’s why we’ve shortlisted the best meme tokens to consider in 2024.
What Are Meme Coins?
Meme coins are a unique kind of cryptocurrency with humorous features or backgrounds. Unlike regular cryptocurrencies, meme coins often have no real-world use cases.
In most cases, their values are determined by how much hype they get on social media and how many people are willing to invest in them.
That is why meme coins can experience significant price increases within a short period or fail to attract investors if they don’t get enough traction from social media.
Best Meme Tokens to Buy in 2024
Since the advent of Dogecoin as the first meme cryptocurrency, hundreds of altcoins have been created. Here are some established ones with the potential to thrive in 2024.
Dogecoin (Doge)
Having pioneered the meme coin ecosystem in 2013, Dogecoin stands tall as the largest meme cryptocurrency by market capitalization.
Dogecoin was started as a joke, with a humorous dog logo. However, it is now one of the most popular cryptocurrency payment options and the most traded coins.
Doegecoin’s success is partly due to its support by Elon Musk, one of the world’s most famous people. After his tweet promoting the DOGE token, its price shot up. As of the time of writing, Dogecoin’s market cap is about $20.5 billion.
The coin has also had an impressive run in 2024, with over 120% price increase compared to the past year. As the market prepares for another bull run, DOGE is tipped to shine in the competitive meme coins market.
Shiba Inu (SHIB)
Shiba Inu is another meme coin project that has been attracting investors since it started trading. Considering that it was created before Dogecoin, Shiba Inu is called the “Dogecoin Killer.” However, the coin also works primarily as a payment solution for businesses that want to accept crypto payments.
Another reason SHIB is preferred by many is its low fees and scalability. Developers can build dApps as other applications using the platform.
Shiba is one of the best meme coins to buy right now. That’s because of its faster adoption as a payment solution among retail businesses. The anticipated adoption has caused a bullish trend among investors.
For context, the SHIB price has experienced over 150% profit in the past year, making it one of the best-performing coins to watch out for this year. With future upgrades and continuous developments, the meme coin looks promising for both short and long-term investors.
Pepe (PEPE)
Following its 1,000% gains a few days after it launched in 2023, Pepe became famous in the meme coin industry. Like its predecessors, Pepe was created as a joke. Till now, the PEPE coin is primarily for entertainment, so users will not find real-world use cases for it.
Nonetheless, Pepe has built its solid community and created a solid brand for itself. Unlike Dogecoin and Shiba Inu, it is more than a payment solution. It is also one of the most traded coins, with a market cap of over $4.2 billion.
Pepe’s market performance is also worth a mention. The meme token has seen its price increase by over 1,200% in the past year.
Dogwifhat (WIF)
WIF, as it is popularly called, is a relatively new meme coin. The crypto project launched its platform in late 2023 as one of the projects in the growing Solana meme space.
It’s not a mistake that Dogwifhat has a similar name to its predecessors. As a matter of fact, it’s also about fun and social media hype.
The WIF project has no utility besides being a meme token. So, its investments and price predictions are more speculative.
Nonetheless, WIF is one of the top-performing meme cryptocurrencies on the market. In the last 12 months, the coin’s price has gone up by over 1,300%, rewarding early investors with significant gains.
Bonk (BONK)
Tagged the “Dog Coin of the People,” Bonk is a Solana meme coin that was launched in 2022. The Bonk project started as an airdrop to Solana wallet address holders in December of that year, but it has become the largest dog meme project on Solana.
With a price increase of nearly 10,000% in the last 12 months, BONK is a worthy contender among the top-performing meme coins of 2024.
Floki (FLOKI)
Floki is another meme crypto whose popularity and success can be tied to Elon Musk. The tech billionaire announced that his family adopted a new dog called Floki. The news saw the FLOKI price shoot up, with strong buying pressure among players.
Since then, FLOKI has maintained its position as one of the largest meme tokens by market cap. Besides, its price increase of around 4,000% within the past year is not something many coins can boast of.
Popcat (POPCAT)
POPCAT is a solana meme coin that shined through the crypto market in 2024. The cat meme coin is the utility token for the Popcat ecosystem, which has captured the hearts of the growing meme community.
The POPCAT price has increased by nearly 9,000% in the past year, making it one of the best performing coins of 2024.
Conclusion
Meme coins have already recorded significant growth in the market so far this year, with tokens like Floki, Bonk, Dogecoin, and Shiba Inu showing signs of better things to come.
If you’re looking for an exciting way to invest in crypto for potentially big returns or a way to diversify your portfolio, these meme coins can be worth investing in.
Find the Perfect Wallet for Your Meme Coins
Investing in meme coins is straightforward. However, you need a secure wallet to manage and safeguard your tokens. That’s where the Zypto DeFi Wallet comes in.
The crypto wallet supports thousands of crypto coins, making it a great option for beginners and experienced traders. Find out all about Zypto App here.
Which meme coins are you looking to invest in before 2024 ends? Let’s have your top picks in the comment section below.
Which meme coin is the best?
Many solid meme coins exist out there. The best options include Dogecoin, Pepe, Floki, and Bonk.
Are meme coins legal?
Meme tokens and other cryptocurrencies may be legal in one state and prohibited in another. Know what your state law says.
What is the best meme coin wallet?
The Zypto Wallet is a great choice for meme coin investors looking to manage their assets securely.
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