The Top 5 RWA Tokens to Watch in 2024
May 1, 2024 120 Views
RWA stands for Real-World Assets, which is part of blockchain technology that converts physical and…
Top 5 Meme Coins to Watch in 2024
Do you want to add a bit of humour and enjoyment to your portfolio investment? Then, it’s time to consider meme-themed coins! Viral Internet memes inspired these digital assets and have taken the crypto market to the forefront. By 2024, meme currencies are predicted to continue their popularity, which makes them an excellent investment choice for risk-averse investors.
With the number of meme-related coins available, deciding which one to invest in could be challenging. However, don’t worry—we’ve got you covered. In this piece, we’ll look at the 5 most famous meme coins expected to create waves by 2024.
Top 5 Meme Coins in 2024
Doge Coin ($DOGE)
| DOGE Price | $ 0.462111 |
| Current rank | 7 |
| Market cap | $ 67,894,209,674 |
| Chain | BSC |
Recent Performance: Dogecoin has seen a significant rally, with prices soaring over 100%.
Overview:
In 2013, Dogecoin was first introduced as a digital currency, honouring the famous online meme that featured the Shiba Inu Dog. In contrast to Bitcoin’s limited supply, Dogecoin doesn’t have a limit to the number of coins created. It is based on a consensus based on a proof of work algorithm that allows miners to use computing power to tackle complex mathematical issues, which allows for the validation of transactions and earning rewards in Dogecoin. It was popular in the early 2021s due to endorsements by celebrities such as Elon Musk, but its worth has shown high volatility. It is mainly used for microtransactions on the internet, tipping online, and microtransactions. Dogecoin is also traded for different cryptos and traditional fiat currencies.
Shiba Inu ($SHIB)
| Shiba Inu Price | $ 0.000032 |
| Current rank | 13 |
| Market cap | $ 18,933,577,912 |
| Chain | Ethereum |
Recent Performance: Shiba Inu has rallied over 150%, showcasing its growing popularity.
Overview: Shiba Inu (SHIB) was launched as an Ethereum blockchain cryptocurrency in August 2020 as an immediate rival to Dogecoin. It operates using a proof-of-stake consensus algorithm that selects validators based on how many SHIB tokens they own rather than computing power. A person or group known as “Ryoshi” anonymously created this asset to create a decentralized community of SHIB holders capable of exchanging tokens and participating in governance decisions.
Pepe Coin ($PEPE)
| Pepe coin Price | $ 0.000025 |
| Current rank | 25 |
| Market cap | $ 10,551,903,478 |
| Chain | Ethereum |
Recent Performance: Pepe Coin has experienced an upswing of over 300%.
Overview: Pepe Coin, a recently unveiled cryptocurrency inspired by the famed “Pepe the Frog” meme, boasts a total circulating supply of 420 trillion tokens that have been more than 90% secured within liquidity pools since launch. Since then, market cap growth has witnessed notable spikes to nearly reach $4.3 Billion! While investing in meme coins entails considerable risk, Pepe Coin stands out as an exceptional token that has gained significant traction since its launch.
FLOKI ($FLOKI)
| Floki Price | $ 0.000256 |
| Current rank | 70 |
| Market cap | $ 2,477,807,996 |
| Chain | BSC, Ethereum |
Recent Performance: Floki’s price has jumped over 400%.
Overview: Floki Inu is an animal-inspired meme coin and self-proclaims itself a “movement.” Drawing inspiration from Elon Musk’s Shiba Inu dog, its founder draws a community known as the ‘Floki Vikings.’ Within its ecosystem, there are various fascinating elements available through its ecosystem; “Valhalla,” an immersive metaverse game where participants can generate FLOKI tokens by creating avatars, stands out, as does FlokiFi, its native DEX for trading activities like staking swapping, yield farming activities among many more features that standout within its ecosystem.
BONK ($BONK)
| Bonk Price | $ 0.000046 |
| Current rank | 60 |
| Market cap | $ 3,437,464,749 |
| Chain | Solana |
Recent Performance: Bonk has seen an incredible surge, with prices exceeding 5,400%.
Overview: The Bonk token was developed as the inaugural canine-themed token on the Solana blockchain and first debuted on 25 December 2022, prompting a 34% spike in SOL token prices within 48 hours of launch. After beginning trading on 30 December and receiving widespread interest among crypto traders and enthusiasts, this meme coin began trading officially on 30 December to bring liquidity back to Solana-based decentralized exchanges (DEXs). Bonk was designed with community coin trading functionality in mind to be traded across all Solana DAPPs built upon Solana blockchain platforms and apps built upon the Solana platform.
Conclusion
Meme Coins has dominated the cryptocurrency market and has established a climate that has attracted investors because of the club and the features it offers. If you’re an investor in meme coins, think about the market with a wide-open mind and be aware that it is a source of benefits and risks.
While meme coins could deliver exciting opportunities for potential gain, it is crucial to keep in mind that they can be subject to fluctuation. The value of meme coins may fluctuate greatly as the influence of social media and market trends influences them. Therefore, you should be cautious with your portfolio of investments to protect yourself from this kind of risk.
Cristiano has worked as a freelance writer for several forex and crypto magazines in England.
Also, he's a forex trader since 2010, and a crypto investor.
Currently, he's based in Malta and work as crypto journalist.
