The world of cryptocurrencies in 2024 has continued to surprise, excite, and bewilder. Among the different sectors within cryptocurrencies, meme coin has stood out as a source of humor and consistent returns for investors.
This year featured successful artists, including newcomers and veteran projects that held their ground. Here is a review of the biggest meme coin winners of 2024.
Memecoins will continue to pump into the 2024 crypto cycle
We will get the same result with:
2000x $DOGE
1000x $WIF
500x $FLOKIHere are the new leaders who will dominate the market in the next 2-3 months
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— 𝗖𝗛𝗔𝗜𝗡 𝗠𝗜𝗡𝗗
(@0xChainMind) July 31, 2024
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Dogecoin: The veteran who stood his ground
In 2024, Dogecoin, the first meme coin, demonstrated its resilience. Despite stiff competition from new entrants, Dogecoin has maintained its relevance in the market and has delighted investors with a 352% year-to-date rally.
The coin, which was at $0.09206 at the beginning of the year, rose to $0.40381 by December, confirming its place among the favorites among cryptocurrency enthusiasts.
Elon Musk’s continued endorsements, along with Dogecoin’s role as a gateway to cryptocurrency for new investors, have played a critical role in its success.
Dogecoin has proven to be more valuable than just a speculative asset, as evidenced by its growing use in tipping and microtransactions.
Stability is guaranteed by its proof-of-work method and a wider audience can access it thanks to its infinite supply model.
Shiba Inu: Expanding Beyond Meme Coin Status
Shiba Inu (SHIB) has continued to shed its identity as a simple meme coin as it expands its ecosystem. Powered by Shibarium, a layer 2 blockchain launched to improve transaction efficiency and scalability, SHIB has shown its commitment to innovation.
The project also introduced new utilities, including a decentralized exchange and NFT integrations, to strengthen its adoption.
Shiba Inu saw a lot of market activity in 2024. Its supply was further limited by the token burn mechanism, which increased demand and increased prices.
With a gain of 130.2% in 2024 and a circulating supply of 589.25 trillion tokens, SHIB has shown quite impressive development.
Community efforts, combined with strategic developments, have positioned SHIB for sustained growth. According to analysts, SHIB could overtake Dogecoin in the next year due to its recent breakout.
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Pepe Unchained: the presale sensation of the year
A newcomer to the meme coin market, Pepe Unchained, has made headlines with its impressive pre-sale performance. Pepe Unchained, which took inspiration from the popular “Pepe the Frog” meme, used a combination of humor and creativity to raise $11 million in pre-sale funding in just three months.
This layer 2 blockchain project addresses Ethereum’s persistent issues, including high gas fees and slow transaction speeds, with its proprietary “Pepe Chain.”
According to its developers, Pepe Chain is designed to be 100 times faster than Ethereum while maintaining compatibility with the existing Ethereum ecosystem.
The project also offers substantial staking rewards, with early investors locking up over 879 million tokens to earn an estimated annual return of 182%.
Supported by smart contract audits from SolidProof and Coinsult, as well as endorsements from major cryptocurrency influencers, the project quickly built a community of over 6,300 Telegram members and 12,000 Twitter followers.
With plans for a DEX listing and further ecosystem expansion, this could just be the beginning of Pepe Unchained’s growth story.
Floki Inu: Leveraging community to drive growth
Floki Inu, inspired by Elon Musk’s Shiba Inu dog, has carved out a niche in the meme coin industry through a community-driven approach.
The “Floki Vikings,” as its supporters are called, have fueled its growth with innovative initiatives. The ecosystem includes “Valhalla,” a metaverse game where players earn FLOKI tokens, and FlokiFi, a decentralized exchange that supports staking and yield farming.
Floki Inu has seen a meteoric rise in value this year, with the token reaching $0.00028, a 172% increase from its August lows. A key catalyst was its listing on Coinbase, which brought greater visibility and liquidity.
The project’s combustion mechanism further reduced circulating supply, improving price stability. With forecasts of a 92% increase from current levels, Floki Inu remains a favorite for investors seeking high returns.
Bonk 2024-2030: Will Meme Coin Reach New Heights Soon?
With a price increase of almost 100% in the last 30 days, analysts have noticed BONK, a meme coin that operates on the Solana blockchain.
BONK has gained popularity among meme coin enthusiasts due to its fun branding and affordable costs.
According to long-term forecasts, BONK could trade between $0.00007161 and $0.000174 by 2030. Despite these promising forecasts, most analysts believe that given its slow growth, it will reach $1 in the near future is not realistic.
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Pudgy Penguins PENGU token debuts with a market cap of $2.3 billion
The launch of the PENGU token, tied to the popular Pudgy Penguins NFT collection, marked an important milestone in the NFT-meme coin crossover.
Within the first hour of its launch, PENGU recorded a trading volume of $90 million, with a market capitalization of $2.3 billion. Airdrops played a critical role in its launch, with 23.5% of the total supply allocated to Pudgy Penguin NFT holders.
Additionally, 12.3% of the token supply was set aside for decentralized exchange liquidity, and 22% was allocated to the Ethereum and Solana communities.
Dogwifhat Price Prediction: Another ATH on the way?
Dogwifhat (WIF), a meme coin launched in November 2023, has followed an impressive upward trajectory, with its value increasing nearly 170 times since its launch.
Predictions for 2024 place Dogwifhat’s price between $2.59 and $12.28, depending on market mood and continued community support.
In 2025, analysts predict a bull run with possible prices between $4.42 and $10.45, solidifying its position as the leading meme coin.
However, Dogwifhat’s value still largely depends on its viral appeal and community-driven marketing due to its lack of practical use.
REBELDOGS: Is This Meme Coin Your Best Bet for 2025?
One of the most innovative ventures of 2024 was REBELDOGS, which combined philanthropy, entertainment and blockchain.
Based in Hollywood, this initiative is the first to integrate meme coins into a feature film, creating a unique synergy between cinema and cryptocurrencies.
The film, scheduled for release in 2025, will have animated canines spoken by well-known influencers and each symbolizing a cryptocurrency.
Founder Dirk Oerlemans, inspired by his personal story of adopting a shelter dog, envisions keeping the community engaged while ensuring ongoing support for shelters.
REBELDOGS has already built a strong online community, with over 15,000 members on Telegram and users eagerly awaiting its release.
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