The cryptocurrency market has hit several milestones in 2024. The SEC approved 11 spot Bitcoin (BTC) ETFs in January, triggering a stellar rally and taking the original crypto to a new all-time high. We also saw the launch of Ethereum ETFs over the summer. Although the general market has witnessed a fair share of growth, none have seen more movement than memecoins.
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Over the last year, we have witnessed several meme cryptocurrencies entering the crypto space and quickly climbing the top 100 charts by market cap. Many new meme projects have outperformed industry giants like Bitcoin (BTC) and Ethereum (ETH).
With that said, let’s look at three memecoins that could double your investment or rally more than 100%.
Top 3 Meme Cryptocurrencies That May Double Your Investment
1. Shiba Inu (SHIB)
Shiba Inu (SHIB) is one of the most popular cryptocurrencies in the market. While the asset is down by 79% from its all-time high of $0.00008616, it may rally over the next few days.
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According to CoinCodex, SHIB will hit $0.00003878 on Oct. 22, 2024. Hitting $0.00003878 from current price levels will translate to a rally of about 114.25%.
2. Pepe (PEPE)
PEPE is among the best-performing cryptocurrencies of the last year. The frog-themed memecoin has displayed an incredible performance since its launch in April 2023.
PEPE is down by about 40% from its all-time high of $0.00001717. According to CoinCodex researchers, the memecoin will hit a new all-time high of $0.00003569 on Nov. 14, 2024. Hitting $0.00003569 from current price levels will entail a rally of about 250.25%.
3. dogwifhat (WIF)
WIF is another meme cryptocurrency that has witnessed incredible growth this year. The asset has quickly climbed the charts and is currently the 40th largest crypto project by market cap.
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According to CoinCodex, WIF will hit a new all-time high of $8.84 on Nov. 14, 2024, a rise of about 248% from current price levels.
