3 meme coins to outperform SHIB in 2024
Whereas current months have seen main cryptocurrencies corresponding to Bitcoin (BTC) and Ethereum (ETH) take the highlight – and with good cause, given the string of current developments on the crypto market, but additionally by way of laws and know-how – the so-called meme cash have but to lose their prominence.
The truth is, with traders getting extra optimistic and driving more cash into the crypto market and drawing extra consideration to it, meme cash are prone to see their relevance – and costs – surge.
Lastly, with the Bitcoin halving – prone to drive the worth of many cash and tokens up – and April 1 – probably to assist at the least some meme cash discover new all-time highs – taking place nearly back-to-back, Finbold determined to take a look at a number of the finest internet-joke-based cryptocurrencies aside from the well-known Shiba Inu (SHIB).
Dogecoin (DOGE)
Having a dialog about meme cash prone to carry out in any given yr can be tough with out mentioning the unique dog-themed cryptocurrency and the largest considered one of its class with a market cap of greater than $12 billion – Dogecoin (DOGE).
The last decade it spent on the crypto market already proved Dogecoin’s endurance, and on condition that it surpassed 1 million day by day transactions this February, it additionally proved its continued relevance.
DOGE has one other unusual boon watching its again – it’s favored by the billionaire Elon Musk and, certainly, it obtained a significant enhance from him final April when he quickly modified the brand of his social media platform, X, into an image of a shiba inu canine.
Whereas it isn’t assured Musk will pull off an identical joke this April, there’s a first rate likelihood that hopes that he’ll show sufficient to drive the already excessive curiosity within the cryptocurrency even increased.
Dogecoin value chart
By way of current efficiency, Dogecoin has largely been on a decline up to now in 2024. Regardless of this, the latest pattern has been risky however constructive, and the meme coin is 8.72% within the inexperienced within the final 30 days and 6.76% within the final week.
The final 24 hours of buying and selling noticed DOGE value rise 0.05% to $0.09.
Pepecoin (PEPE)
When it got here out within the spring of 2023, Pepecoin (PEPE) – a frog-themed meme coin – took the crypto neighborhood by storm and led to the creation of a number of millionaires, with one allegedly managing to show a mere $26 into properly over $1 million.
Whereas PEPE’s preliminary surge was as short-lived because it was dramatic, it retained its relevance for meme coin fans, that means it nonetheless boasts an opportunity to be a significant beneficiary of the anticipated crypto bull market in 2024.
The truth is, Pepecoin already obtained a big boon in 2024 as its viewers of potential merchants was significantly expanded after Robinhood (NASDAQ: HOOD) launched it for its EU clients earlier in February.
Pepecoin value chart
PEPE has additionally been performing decently within the first months of the yr and is up 5.32% over the earlier 30 days – regardless of taking a big plunge early in February.
The newest 7 days of buying and selling have been notably sturdy, and the meme coin is 10.67% within the inexperienced – largely because of the Robinhood itemizing. The final 24 hours of buying and selling, nonetheless, noticed it drop 2.50% to $0.000001177.
Bonk (BONK)
Bonk (BONK), the unique meme coin of the Solana blockchain – whose native token SOL is a significant contender for the title of probably the greatest performers of 2024 – is one other cryptocurrency prone to surge considerably this yr.
The unassuming dog-themed token received its spot within the minds of crypto fans after it was found that every Solana Saga cellphone contained roughly $10 value of it. This, paired with BONK’s 2023 surge, created an uncommon arbitrage alternative because the cryptocurrency discovered on the cellphone exceeded its retail worth.
This, in flip, drove BONK’s value up – and it’s, certainly, nonetheless 11,383.35% above its launch value – and helped the Saga smartphones promote out.
BONK value chart
Extra just lately, Bonk’s value calmed down considerably, although it did report constructive efficiency within the final 30 days, having surged 8.98% within the timeframe. Moreover, it’s 0.75% within the inexperienced within the final 7 days, however as a lot as 4.34% within the crimson within the final 24 hours. Its press time value stands at $0.00001254.
Lastly, BONK is prone to obtain one other main enhance within the coming months because the Solana cellular crew just lately introduced it’s engaged on a brand new smartphone.
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