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Over time, the meme coin market has grown from being a joke to one of the largest sectors of the cryptocurrency industry. The potential of meme coins for community engagement and building an investor’s portfolio is now known to almost everyone.
Although there are many meme coins, there are few that offer greater value to their owners. Therefore, investors are wondering which meme coin to buy as we enter the 2024 bull market. However, it is important to remember that the future of meme coins is not certain.
Meme coins that can be tracked in 2024 include Bonk, Floki, Pepe coin, Dogwifhat, Memecoin and Meme Moguls. Let’s take a look at what these have to offer.
Traceable Meme Coins for 2024
Bonk (BONK)
Bonk (BONK), the first meme coin created on the Solana blockchain, has a different tokenomics model and token burning mechanism. The project was created to increase the liquidity of Solana-based DEXs, which contributes to its growing adoption.
The purpose of this token burn is to reduce the supply of the token, creating scarcity and ultimately increasing its price. Bonk is special thanks to its integration with the Solana blockchain.
Bonk benefits from the strong infrastructure and broad adoption of the Solana blockchain. This provides greater accessibility to the meme coin and opens more chances for integration into different platforms and applications.
Floki (FLOKI)
Floki (FLOKI) started as a meme coin inspired by Elon Musk’s dog but has since grown into a comprehensive Web3 initiative spanning NFTs, DeFi, and the Metaverse. Called “The People’s Crypto”, the Floki project team has made the meme coin, which was previously seen as just an innovation, more important and functional.
The project’s native token, FLOKI, is one of the most versatile memecoins that functions on multiple blockchain networks. It is compatible with both Ethereum and Binance Smart Chain (BSC).
Meanwhile, the Floki ecosystem is working on products like the FlokiPlaces marketplace, FlokiFi, and Valhalla, which could add potential value for memecoin in 2024.
Pepe Coin (PEPE)
Pepe Coin (PEPE) has quickly become one of the top favorites in the meme coin category after its launch in April 2023. The Ethereum-based token reached a market cap of over $1 billion in just three weeks.
It took Dogecoin nearly four years to achieve this feat, making Pepe coins one of the top meme coins to watch. Pepe Coin, whose total supply is limited to 420,690,000,000 tokens, offers a deflationary model in which some tokens are burned with each transaction.
This strategy aims to reduce the overall supply, creating scarcity and potentially increasing the value of the token over time.
Dogwifhat (WIF)
Dogwifhat (WIF), a notable meme coin launched on the Solana blockchain, quickly gained popularity with its launch in mid-2023. It was characterized by the symbol of the Shiba Inu wearing a hat.
Dogwifhat (WIF) has become Solana’s second-largest meme token, riding on the success of legacy meme coin Bonk, with its market cap rising to over $400 million. Interestingly, Binance and BitMEX have launched perpetual contracts for WIF/USDT, supporting the meme coin.
Meanwhile, Dogwifhat is focused on gaming and DeFi, which could open promising avenues for expansion in 2024. Additionally, the emphasis on a community-focused model encourages active participation and inclusion.
Memecoin (MEME)
Memecoin (MEME) is positioned as the native token of the Memeland ecosystem, a Web3 initiative and widely adopted meme platform. Memecoin’s introduction and subsequent listing on Binance, the largest centralized exchange, created significant excitement.
With the surge in popularity of Memeland, Memecoin stands out from other meme coins. Experts predict that Memecoin will reach a new all-time high (ATH) in 2024.
Additionally, in early 2024, Binance Labs made a significant investment in Meme Coin to support Memecoin’s native ecosystem token and promote the development of Memeland.
Meme Moguls (MGLS)
Meme Moguls, whose new project is the meme coin with an uncertain future, is developing a play-to-earn (P2E) game that teaches you everything you need to know about investing and creating wealth. When you play Meme Moguls’ stock market games, you’ll move up the Wealth Leaderboard. The project is new and its future is uncertain, there is a risk of investment loss.
They claim that once you make it to the top 20, you will receive rewards from a prize pool based on how much Meme Moguls earn each day. While this game is the main attraction, the Meme Moguls ecosystem will also include staking and a virtual venue called Moguls World. It is not certain.
According to the content submitter, the $MGLS coin serves various purposes within the Meme Moguls ecosystem. $MGLS token holders can manage Meme Moguls. Voting can be done on protocol upgrades, price agreements, and community projects.
There are advantages to holding $MGLS tokens. Incentives may include in-game assets, $MGLS tokens, and other Meme Moguls perks. However, it is not known whether the project will be successful, so do your detailed research before taking any action.
Special Meme Coins with Use Cases and Benefits
These are meme coins where the narrative changes as tokens without any real use.
- Bonk: Bonk is used to tip and reward creators online and increase liquidity on Solana-based DEXs.
- Floki: The team wants to integrate Floki tokens for use in the NFT marketplace, education platform, and metaverse platform.
- Meme Moguls: MGLS gives users access to P2E gaming, a virtual investment platform, and a reward token. It is also claimed that it may also grant management rights that give owners the right to decide the future of the project.
Conclusion
The meme coin space is expanding and many investors continue to benefit from meteoric price movements. Investors who want to join the meme coin community, you can review the meme coins listed above and trade according to your own decisions. However, it is important to remember that trading without detailed information is risky.
Click to review the Meme Moguls token.
*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high risk investments, do your detailed research before investing!
