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The meme coin industry has expanded over the years since the emergence of the first meme coin, Dogecoin. Dogecoin set a milestone on which other new meme tokens were built.
As a result, new meme coins have evolved from a “joke currency” to include a more comprehensive platform that expands their use cases and acceptance.
This sponsored article will review five meme coins trackable in 2024. Additionally, we will evaluate whether these meme coins can outperform Solana.
Dogwifhat (WIF)
Dogwifhat (WIF) entered the crypto space in 2023, drawing inspiration from the beloved Dogecoin. Dogwifhat focuses on simplicity and humor, featuring a Shiba Inu wearing a hat in its logo.
Unlike other cryptocurrencies that have decided to embrace the utility-driven narrative, Dogwifhat’s appeal stems mainly from market speculation, its value being influenced by the collective mood of its community rather than practical applications.
Still, it managed to garner attention within the crypto community and surpassed the trading volumes of top meme coins like Shiba Inu.
At the peak of growth, Dogwifhat reached a peak of $0.4814 on January 18. Market experts are optimistic about further gains in the future as they expect more users to adopt the meme coin.
Memecoin (MEME)
Memecoin (MEME) is the native token of Memeland and one of the best new meme coins on the market. Meanwhile, Memeland is a web3 startup studio created by online meme hub 9GAG.
At its core, Memecoin combines entertainment and technology, capturing the essence of meme coin culture and encouraging developments in the web3 space. As the central utility token of Memeland, MEME allows users to express themselves in a vibrant community and across different web3 projects.
The project’s mission is to build connections between creators and communities using NFTs, tokens, and a host of other offerings.
Interestingly, Memecoin received a major listing on Bitfinex in the second week of January and received major support from Binance Labs. Binance Labs’ investment in the project makes Memecoin one of the meme coins to watch in the 2024 market.
Pepe (PEPE)
Pepe is a decentralized digital currency running on the Ethereum blockchain. It is like other meme coins in that it has no underlying value. Also, it has no real use.
Pepe is a frog-based coin, unlike dog-based coins like Dogecoin and Shiba Inu. It was launched in 2023 as a tribute to the popular Pepe the Frog meme. However, it has no connection to the meme.
Interestingly, Pepe was one of the best performing meme coins in the meme coin space. After its launch in April 2023, it experienced a bull rally of over 7,000% in May 2023, reaching a peak of $0.000004354.
Additionally, Pepe’s market cap shot up to $5 billion just a month after its release. Although Meme coin’s bullish momentum has cooled, Pepe still has the potential to make a major recovery.
Bonk (BONK)
Unlike Pepe, Bonk (BONK) is a dog-inspired meme coin developed on the Solana blockchain. The game features over 110 integrations covering DeFi development and exchanges.
What started as a unique show-off for Solana enthusiasts only has undergone a rapid transformation. It became a popular meme coin and the largest on the Solana network.
One of the main factors contributing to Bonk’s popularity is its relationship with the Solana ecosystem.
Solana is a fast, scalable, cost-effective blockchain infrastructure that competes with Ethereum’s slow transaction speed and high cost. It also hosts over 400 running smart contracts and decentralized applications on its network.
KangaMoon (KANG)
According to the sponsored content poster, KangaMoon (KANG) is in the pre-sale phase and is one of the new meme coins on the market. KangaMoon aims to combine Social-Fi and GameFi into one platform, creating a community where members can interact and earn free tokens. However, it is uncertain whether the project will be successful or not.
To receive rewards and incentives, users can participate in contests and tournaments. Users can also allegedly earn money indirectly on KangaMoon by betting on other players in competitions.
Interestingly, KANG token holders enjoy a number of benefits within the KangaMoon ecosystem. It is claimed that they may have management powers where they will have the power to influence platform decisions.
According to its team, the KangaMoon team plans to implement more projects following its launch. They plan to launch a metaverse platform, a play-to-earn game, and an NFT marketplace.
According to the sponsored content poster, KangaMoon is allegedly seen as a trackable project and is said to be on pre-sale for just $0.0075. Its future is uncertain.
Will These Meme Coins Outperform Solana?
With incredible growth last year, Solana reached an annual peak of $125 in December 2023. The question now is whether these five top meme coins can repeat SOL’s outstanding performance.
Although meme coins have a reputation for gaining value quickly, price fluctuations can be unpredictable. Therefore, we asked ChatGPT for help to check whether these five top meme coins can beat Solana.
According to ChatGPT, the meme coin market has evolved significantly over the years as these coins have added more benefits to increase their value.
In conclusion, ChatGPT has provided five variables that will determine the upward journey of meme coin in 2024. Among them:
- Regulatory Edition
- Areas of use and use cases
- Solana’s position
- Demand and acceptance level
- market dynamics
It is unclear whether meme coins will be successful in 2024, it is claimed that there is a possibility of profit if KANG succeeds. However, it should not be forgotten that cryptocurrency investments are high-risk investments.
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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!
