The crypto world is filled with more than 300 Meme Coins that are widely discussed. Confused about which one to invest in? Don't worry, this article will discuss the top 6 Meme Coins which are predicted to make big profits in 2024, after the Bitcoin halving event!
What Are Meme Coins?
Meme Coin is a cryptocurrency inspired by memes, animals or funny characters on the internet. Meme Coin's popularity is usually driven by a strong and enthusiastic community. This community spirit is able to turn memes into legitimate cryptocurrency .
However, it should be noted that although Meme Coin offers an element of entertainment, there are high risks attached to it. Meme Coin is very volatile and difficult to predict. Investing in Meme Coin can be risky because its value can change drastically or even plummet. Nonetheless, let's take a look at some of the top Meme Coins that may see a rapid rise in 2024.
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Advantages of Meme Coin
MemeCoin, as the name suggests, is often a favorite among investors for certain reasons. Below are some of the advantages or features that are often associated with MemeCoin.
1. Strong Community Presence
MemeCoin is often supported by a large and passionate community on social media and other online platforms. These communities are often active in promoting, supporting, and sharing information about the coin, which can provide a significant boost to its price and popularity.
2. Rapid Growth Potential
Some MemeCoins can experience dramatic price increases in a relatively short period of time. This is especially the case when the coin gets attention from celebrities, influencers, or goes viral on social media. This potential for rapid growth could attract the interest of investors trying to take advantage of the trend.
3. The Attraction of Entertainment and Pleasure
MemeCoins often have an element of entertainment or humor associated with them, either through their name, logo, or general theme. This could make MemeCoin attractive to investors who want to engage in something more casual or entertainment in nature, rather than just focusing on the financial aspects.
4. Volatile Market
The volatility characteristic of MemeCoin can be attractive to traders interested in taking risks and trying to profit from rapid price fluctuations. In some cases, this volatility can result in large profits, although it also increases the risk of loss.
5. Popularity on Social Media
MemeCoin's presence on social media, especially on platforms like Reddit, Twitter, and TikTok, often provides an additional boost to its popularity. When the coin becomes a topic of conversation on these platforms, interest and demand can spike, which has a positive impact on the price of the coin.
Also Read: Interesting Facts About WEN, the Meme Coin from Solana
6 Meme Coins with 300x Potential
Here is a list of 6 Meme Coins that have the potential to grow up to 300 times by 2024.
1. Pepper (PEPE)
- Market Cap : $1.78 Billion
- Monthly Profit : 355.96%
Appearing in April 2023, Pepe, inspired by the iconic "Feels Good Man" frog meme, immediately soared. The price has skyrocketed by 355% in just the last 30 days. With a total supply of 420 trillion tokens, Pepe attracts attention as more than 90% of tokens are locked in liquidity pools.
2. Dogwifhat (WIF)
- Market Cap : $1.67 Billion
- Monthly Profit : 648%
Think of Dogwifhat as a cheerful digital token on the Solana system. Dogwifhat is included in the Meme Coin group which is famous for its lighthearted nature and sometimes full of jokes. This Meme Coin exploded in December 2023 and immediately stole attention. The price skyrocketed to $0.53. Support from large platforms such as Binance and BitMEX also drove this increase.
Apart from that, there is interesting news from Lookonchain, an on-chain data provider. They reported a large investor (鲸鱼 - jingyu in Chinese) who bought 673,394 WIF tokens for $1.36. These investors appear to believe strongly in WIF's potential, as seen by the purchase of another 2.82 million WIF tokens at an average price of $0.71 per token.
3. Bonk (BONK)
- Market Cap : $1.6 Billion
- Monthly Profit : 132%
Bonk appeared on the Solana blockchain in December 2022 and quickly attracted attention thanks to its association with Solana meme culture and its fun marketing. Despite facing challenges, Bonk managed to grow more than 2233% in the last year.
Bonk's success is closely tied to the performance of Solana and the various projects developing on the blockchain. As Solana's native token, Bonk's fate depends on Solana's performance. And there's a lot of optimism around Solana-based projects like Pyth, Jupiter aggregator, JITO MEV infrastructure, NFT project MadLads and Tensorians, all of which adds to the excitement around Bonk's future potential.
4. Corgi AI (CORJIAI)
- Market Cap : $1.16 Billion
- Monthly Profit : 91%
CorgiAI is a unique Meme Coin that combines the fun of memes with cutting-edge artificial intelligence (AI) technology. CorgiAI has big dreams, namely supporting various AI projects, from creating and trading AI-made artwork and NFTs to opening job opportunities in the AI field.
5. Memecoins (MEME)
- Market Cap : $444 Million
- Monthly Profit : 53%
Memecoin (MEME) is the native ecosystem token of Memeland, a digital universe created by global meme platform, 9GAG. Memecoin does not focus on utility or grandiose promises. Memecoin is purely about memes. No complicated financial roadmaps or forecasts here, just pure, unfiltered meme power.
6. Shiba Inu (SHIB)
- Market Cap : $12.92 Billion
- Monthly Profit : 128%
Appearing in August 2020, Shiba Inu surged in popularity throughout 2021 and is expected to continue shining in 2024. SHIB, known for its cute Shiba theme and decentralized structure, has become a prominent meme coin.
In addition to its popularity as a meme, SHIB's integration with the Ethereum network allows it to manage smart contracts. Currently, there are efforts to introduce an auto-burn mechanism to reduce the huge token supply, which is currently in the trillions.
Shibarium, a transaction network created specifically for Shiba Inu, is close to 400 million transactions. This is not just a mere numerical achievement, but evidence of substantial use of Shibarium. Furthermore, the network will soon lock in nearly $1 million, indicating significant capital inflow into the system.
Also read How to Buy Crypto:
Conclusion
The six Meme Coins above have the potential to soar in the future. However, it is important to note that investing in Meme Coin carries high risks. Always do your own research before deciding to invest in any Meme Coin.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH ), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
What is Coq Inu (COQ)? Meme Coin with a Big Mission
What is Liza (LIZA)? Meme Coin with an AI Twist
What is Castello Coin (CAST)? Innovative Solutions in Cryptography
DISCLAIMER : This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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