The world of cryptocurrency in 2024 continued to surprise, excite, and baffle. Among the diverse sectors within crypto, meme coin stood out as a source of humor and hefty returns for investors.
This year was defined by breakout performers, including new entrants and veteran projects that held their ground. Here’s a review of the biggest meme coin winners of 2024.
Memecoins will continue pumping in the 2024 crypto cycle
We will get the same that it was with:
2000x $DOGE
1000x $WIF
500x $FLOKIHere are the new leaders that will dominate the market in the next 2-3 months
pic.twitter.com/eM3aSmOUiA
— 𝗖𝗛𝗔𝗜𝗡 𝗠𝗜𝗡𝗗
(@0xChainMind) July 31, 2024
EXPLORE: Best Bitcoin Mining Pools in 2024
Dogecoin: The Veteran That Held Its Ground
In 2024, Dogecoin, the first meme coin, demonstrated its resilience. Despite fierce competition from newer players, Dogecoin maintained its market relevance and delighted investors with a 352% year-to-date rally.
The coin, which began the year at $0.09206, rose to $0.40381 by December, confirming its place as a favorite among cryptocurrency enthusiasts.
Elon Musk’s continued endorsements, coupled with Dogecoin’s role as a gateway to cryptocurrency for new investors, played a critical role in its success.
Dogecoin has shown to be more valuable than just a speculative asset, as evidenced by its growing usage in tipping and microtransactions.
Stability is guaranteed by its proof-of-work method, and a wider audience can access it thanks to its endless supply model.
Shiba Inu: Expanding Beyond Meme Coin Status
Shiba Inu (SHIB) continued to shed its identity as just another meme coin by expanding its ecosystem. Powered by Shibarium, a layer-2 blockchain launched to improve transaction efficiency and scalability, SHIB showcased its commitment to innovation.
The project also introduced new utilities, including a decentralized exchange and NFT integrations, to bolster adoption.
Shiba Inu saw a lot of market activity in 2024. Its supply was further restricted by the token burn mechanism, which increased demand and raised prices.
With a 130.2% gain in 2024 and a circulating supply of 589.25 trillion tokens, SHIB has shown quite an impressive development.
Community efforts, combined with strategic developments, positioned SHIB for sustained growth. According to analysts, SHIB may surpass Dogecoin in the upcoming year as a result of its recent breakout.
EXPLORE: 20 New Crypto Coins to Invest in 2024
Pepe Unchained: The Presale Sensation of the Year
A newcomer to the meme coin market, Pepe Unchained, made headlines with its extraordinary presale performance. Pepe Unchained, which took its inspiration from the popular “Pepe the Frog” meme, used a combination of humor and creativity to raise $11 million in presale 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 yield of 182%.
Backed by smart contract audits from SolidProof and Coinsult, as well as endorsements from prominent crypto influencers, the project has 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 start of Pepe Unchained’s growth story.
Floki Inu: Leveraging Community to Drive Growth
Floki Inu, inspired by Elon Musk’s Shiba Inu dog, carved its niche in the meme coin sector through a community-driven approach.
The “Floki Vikings,” as its supporters are called, 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 saw 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 heightened visibility and liquidity.
The project’s burn mechanism further reduced its circulating supply, enhancing its price stability. With predictions of a 92% surge from current levels, Floki Inu remains a favorite for investors seeking high returns.
Bonk 2024-2030: Will The Meme Coin Reach New Heights Soon?
With a nearly 100% price increase over the past 30 days, analysts have taken notice of BONK, a meme coin that operates on the Solana blockchain.
BONK has gained popularity among fans of meme coins because of its fun branding and affordable costs.
According to longer-term forecasts, BONK may trade between $0.00007161 and $0.000174 by 2030. Despite these hopeful predictions, the majority of analysts believe that given its slow growth, hitting $1 in the near future is unrealistic.
EXPLORE: Will Solana Price Hit $500 by End 2024?
Pudgy Penguins PENGU Token Debuts at $2.3B Market Cap
The launch of the PENGU token, tied to the popular Pudgy Penguins NFT collection, marked a major milestone in the NFT-meme coin crossover.
Within the first hour of its launch, PENGU witnessed $90 million in trading volume, with a market cap of $2.3 billion. Airdrops played a pivotal role in its launch, with 23.5% of the total supply allocated to Pudgy Penguin NFT holders.
Furthermore, 12.3% of the token’s supply was set aside for decentralized exchange liquidity, and 22% was set up for the Ethereum and Solana communities.
Dogwifhat Price Prediction: Another ATH on the Way?
Dogwifhat (WIF), a meme coin launched in November 2023, has been on an impressive upward trajectory, with its value increasing nearly 170x since inception.
Predictions for 2024 place Dogwifhat’s price between $2.59 and $12.28, depending on market mood and ongoing community support.
In 2025, analysts anticipate a bull run with possible prices between $4.42 to $10.45, solidifying its position as a leading meme coin.
However, Dogwifhat’s worth is still largely dependent on its viral appeal and community-driven marketing due to its lack of practical use.
REBELDOGS: Is This Meme Coin 2025’s Best Bet ?
One of the most innovative enterprises 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 crypto.
The movie, which is scheduled to release in 2025, will have animated canines that are spoken by well-known influencers and each symbolize a cryptocurrency.
Founder Dirk Oerlemans, inspired by his personal story of adopting a shelter dog, envisions keeping the community engaged while ensuring steady support for shelters.
REBELDOGS has already built a strong online community, with over 15,000 members on Telegram with users eagerly awaiting its release.
The post Biggest Meme Coin Of 2024! The Year’s Biggest Winners In Review appeared first on 99Bitcoins.
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