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The popularity of meme coins has increased exponentially recently, driven by the broad rise in the crypto market. The entire industry is on an uptrend as the market capitalization has surpassed $2.8 trillion and may soon reach even higher records. Meme coins are a major attraction as they are taken much less seriously and are extremely affordable due to their low cost.
However, influenced by various factors, they are also extremely volatile and have increased in value significantly.
A large number of top crypto experts are currently looking for meme coins that can provide them with high returns on investment, and according to the measurements on the chart, there is a lot of variety available for those looking for this opportunity. That’s why investors and traders are diversifying with meme coins.
5 Meme Coins to Follow in March 2024
There are hundreds of meme coins available and new ones are being released all the time. However, based on measurements on the chart and numerous studies, we compiled the list of trackable meme coins for the 2024 bull run by sponsored content poster:
- KangaMoon (KANG): An upcoming community-focused meme coin with Social-Fi elements and community-focused approach.
- Shiba Inu (SHIB): “Dogecoin killer” creating a vast ecosystem that includes the Shibarium Layer-2 scaling solution
- Dogecoin (DOGE): The original meme coin that sparked this subcategory of cryptocurrencies and has the highest market value increase
- Pepe (PEPE): A meme coin based on Pepe the Frog that has rapidly increased in value
- FLOKI (FLOKI): Another Doge-inspired meme coin that has attracted great attention from traders
KangaMoon (KANG)
According to the sponsored content poster, KangaMoon (KANG) is an upcoming meme coin ecosystem that will focus on a community-driven approach and will even include Social-Fi elements. Built on top of the Ethereum network and its native crypto, KANG also follows the ERC20 token standard. The project is new, its future is uncertain, and the investment carries the risk of loss.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction.
The catalyst for its growth is its ability to revolutionize the meme coin space. It will ensure that everyone wins the same way, as users can comment or retweet X and participate in various game elements. Those who do not want to fight directly can also watch the battles, place bets and win this way. Whether it will be successful or not is uncertain; the investment carries the risk of loss.
The project has raised $1.6 million so far, and analysts predict it will reach $2 million by the end of March.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is one of the top meme coins that made waves last year with the release of the Shibarium Layer-2 scaling solution for Ethereum. Since then, the crypto is up 236%, as evident from the year-to-date (YTD) chart. Its main rival is called the “Dogecoin Killer” and is up 264% in the past month.
Moreover, in the past week alone Shiba Inu rose from a low of $0.0000264 to a maximum of $0.000044. According to analyst projections, the Shiba Inu price prediction is set at $0.000059 by the end of 2024.
Dogecoin (DOGE)
Dogecoin (DOGE) is one of the largest cryptocurrencies by market cap and the 10th largest crypto in the entire industry. This has made it a meme coin for many people looking to diversify into this category.
However, in the past year Dogecoin has risen by 171% and has more than doubled with a 116% gain in the past month. Over the last seven days, Dogecoin crypto has also increased from $0.1387 to a maximum value of $0.1984. As a result, many traders believe that the meme coin space may rise and Dogecoin crypto could reach $0.2538 by the end of 2024.
Pepe (PEPE)
Pepe (PEPE) is a new meme coin that initially exploded in value upon its launch. It stands out by offering a deflationary mechanism that burns a small percentage of tokens in each transaction. Moreover, it is a meme coin with no real value or any expectation of financial return.
Yet in the last 30 days alone, the price of Pepe has increased by 796%. What’s more, its value is up 22% in the past week alone, and its average trading volume is $1.6 billion. The growth experienced by this meme coin cannot be underestimated and according to the latest predictions of analysts, it could rise as high as $0.000013 by the end of 2024.
FLOKI (FLOKI)
FLOKI (FLOKI) is a meme coin based on Elon Musk’s Shiba Inu dog. But at the same time, Metaverse is a full-fledged Web3 project that expands into Non-fungible tokens (NFTs) and even Decentralized Finance (DeFi).
Over the past year, the cryptocurrency’s value has increased by 800% and over the past month alone, it has risen by 790%. It is clear that there is a positive market sentiment and according to FLOKI price forecast, it could end 2024 at $0.000351.
What is Meme Coin?
Meme coins are cryptocurrencies that usually pay homage to a specific meme; This is a funny idea shared over the internet in the form of a specific media file, such as an image or video. They are designed as a means to go viral and be shared, rather than with any specific benefit in mind, and they often have no real value.
Can Meme Coins Generate Returns?
The main reasons why meme coins are a major attraction are that they are affordable and have historically appreciated significantly. They are influenced by news, social media engagement, and community focus.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction.
Summary
All of these meme coins could rise significantly in 2024 according to the latest on-chart metrics and analytical projections. Still, DOGE, SHIB, PEPE and FLOKI are among the coins that perform solidly. It is wondered whether the future of KANG coin can be successful.
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*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high-risk investments and there is a risk of investment loss. Do your detailed research before investing!
