Meme coins have cemented themselves as a mainstay in the cryptocurrency landscape, riding on viral trends and online communities rather than concrete fundamentals. As we enter 2024, a new fleet of meme coins is catching investors’ eyes, leveraging buzzworthy themes ranging from dogs to food to carve out a share of the speculative market.
In this article, we explore five of the top meme coin contenders that are making waves early in 2024. From the rising Dogwifhat on Solana to classics like Dogecoin and Shiba Inu, these meme cryptos are being traded in high volumes, while their capped supplies and devoted fan bases position them for potential growth.
Also read: 5 Cryptocurrencies Under $0.10 That Can Rally Like Shiba Inu
Dogwifhat (WIF)
- Current Price: $0.3472
- Market Cap: $346,865,782
Dogwifhat, ranking at #137, is a meme coin that has gained popularity within the Solana ecosystem. With a circulating supply of nearly 999 million WIF coins, it has shown significant trading activity, reflecting its growing interest among traders.
Myro (MYRO)
- Current Price: $0.1862
- Market Cap: $175,831,935
Myro, another Solana-based meme coin, stands at #242 in the market cap rankings. With a circulating supply of 944 million MYRO coins, it has a total supply close to 1 billion. Myro’s price has seen fluctuations, indicating active trading and interest.
Bonk (BONK)
- Current Price: $0.00001074
- Market Cap: $680,122,983
Bonk is a unique addition to the meme coin market, positioned at #87. It’s the first dog-themed coin on Solana, with a massive circulating supply in the trillions. Bonk’s creation aimed to enhance liquidity in Solana-based DEXs, making it a coin of interest for both traders and Solana enthusiasts.
Also read: Shiba Inu: See What 10M, 100M SHIB Could Earn at $0.0009 or $0.009 Prices
Shiba Inu (SHIB)
- Current Price: $0.000008849
- Market Cap: $5,214,767,261
Shiba Inu, a well-known name in the meme coin sector, ranks #18. It’s an Ethereum-based token that gained fame for its community-driven approach and association with notable personalities. With a circulating supply in the hundreds of trillions, SHIB continues to be a favorite among meme coin investors.
Dogecoin (DOGE)
- Current Price: $0.07801
- Market Cap: $11,140,103,145
Dogecoin, the pioneer of meme coins, stands strong at #10. Originating from a popular internet meme, DOGE has seen widespread adoption and recognition, even from celebrities like Elon Musk. Its limitless supply and strong community support make it a staple in the meme coin market.
Also read: Dogecoin: How High Can DOGE Go After X Payment Integration?
Meme coins, while often viewed as more speculative investments, have shown that they can capture significant market attention and trading volume.
As we continue through 2024, these five coins with their unique characteristics and strong community backing, are definitely worth watching. Whether for trading or just for the fun of being part of a vibrant community, these coins represent the lighter side of the cryptocurrency world.