Right now, over 300 meme coins are being traded on crypto platforms. Picking the right one might seem hard, but you don’t have to worry about choosing a coin that might not do well. This article is about the top meme coins that could become really profitable in 2024.
What Is A Meme Coin?
A meme coin is a type of cryptocurrency that is based on a meme, an animal, or a funny character. These representations are often backed by a community of followers who share a common interest. The excitement generated within the community can turn the meme into an actual cryptocurrency.
Although meme coins are entertaining, they come with a downside – they are extremely unstable and hard to predict. Investing in meme coins can be risky, as the value may not hold or could decrease, posing a potential danger for traders. Let’s take a top meme coins that could explode in 2024.
Top Meme Coins for 2024
Bonk (BONK)
As per the one-pager, BONK is introduced as the inaugural dog-themed cryptocurrency on Solana, designed “for the people, by the people.” Half of the total BONK cryptocurrency supply was airdropped to the Solana community. Similar to meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE), BONK made its debut on December 25, 2022, causing a 34% increase in the SOL token price within 48 hours. Trading officially commenced on December 30, 2022, generating significant interest from the crypto community.
The primary objective of the BONK team is to revive liquidity on Solana-based decentralized exchanges (DEXs). Developers aimed to establish a comprehensive community coin for use across all Solana-based decentralized applications (dApps), providing every user with the chance to be part of an ecosystem that ensures fairness.
BONK tokens were distributed randomly to Solana NFT collectors, developers, and artists through airdrops, while specific details about other airdrops remain undisclosed. Presently, the project has a limited online presence, with an active Twitter account being its primary digital footprint. In the last month, the BONK price has increased by more than 600%.
Milady Meme Coin (LADYS)
The LADYS is the trendy meme coin that’s part of the Milady NFT collection. It represents the famous white pill in a fun way. LADYS is unique because it’s a lively, self-organizing currency that lets users gain popularity, charm, and beauty. As the coolest currency around, LADYS is like a points system for karma and rewards, giving users exclusive access to the latest in meme culture and community trends. If you want to dive into the world of memes, be influential, and connect with stylish meme enthusiasts, choose LADYS – the top meme coin for the Milady community.
Milady Meme Coin is valued at $0.061440 today, with a trading volume of $32.24 million in the last 24 hours. It has a market cap of $105.75 million and a market dominance of 0.01%. Over the past day, the price of LADYS has gone up by 17.63%.
The highest price for Milady Meme Coin was on May 15, 2023, at an all-time high of $0.061690. The lowest price occurred on June 5, 2023, reaching an all-time low of $0.071887. Since its all-time high, the lowest price observed was $0.071887 (cycle low), and the highest LADYS price since the last cycle low was $0.061670 (cycle high). The current sentiment for Milady Meme Coin’s price prediction is optimistic, with a Fear & Greed Index showing 67 (Greed).
The circulating supply of Milady Meme Coin is currently 734.37 trillion LADYS out of a maximum supply of 888.00 trillion LADYS. It holds the #10 position in the Meme Coins sector based on market cap. In the last month, the LADYS price has increased by more than 300%.
Turbo
Turbo Token was born from an adventurous experiment in creating cryptocurrency. The project’s founder, inspired by the capabilities of artificial intelligence, threw a challenge to GPT-4: build the next big meme coin starting with just a $69 budget. Trusting the AI’s skills, the founder committed to following all instructions from GPT-4 and documenting the entire journey.
Guided by the innovative ideas from GPT-4 and fueled by the excitement of its community, Turbo Token has evolved significantly since its modest beginnings. Today, it stands as proof of the creative power that AI can provide, showcasing its potential to reshape the cryptocurrency world.
As of now, Turbo Token is valued at $0.000704, with a trading volume of $72.61 million in the last 24 hours. It has a market cap of $44.86 million and holds a market dominance of 0.00%. Over the past day, the price of TURBO has risen by 34.04%.
The highest price for Turbo Token was on May 6, 2023, reaching an all-time high of $0.003041. The lowest recorded price occurred at an unspecified date when it traded at its all-time low of $0.00. Since its all-time high, the lowest price observed was $0.00006520 (cycle low), and the highest TURBO price since the last cycle low was $0.000876 (cycle high). The current sentiment for Turbo Token’s price prediction is positive, with a Fear & Greed Index showing 67 (Greed).
The circulating supply of Turbo Token is currently 63.67 billion TURBO out of a maximum supply of 69.00 billion TURBO. In terms of market cap, Turbo is currently ranked #167 in the Ethereum (ERC20) Tokens sector and #16 in the Meme Coins sector. In the last month, the TURBO price has increased by more than 400%.
Shiba Inu (SHIB)
Shiba Inu is a decentralized cryptocurrency that came into existence in August 2020, introduced by an unidentified individual or group known as “Ryoshi.” Originally inspired by Dogecoin (DOGE), Shiba Inu has progressed beyond its meme coin origins. It now enables users to stake, swap, and deposit digital assets into liquidity pools on its native ShibaSwap decentralized exchange. In addition to decentralized finance (DeFi) features, the Shiba Inu team is actively developing its own metaverse and has recently unveiled a non-fungible token (NFT) collection called Shiboshis, featuring 10,000 unique digital creations.
The creators of SHIB locked 500 trillion tokens, half of the token’s supply, to Uniswap. The remaining half was sent as an unsolicited gift to Ethereum co-founder Vitalik Buterin. Buterin burned 90% of the SHIB he received and donated the remaining 10% to charity.
The Shiba Inu blockchain ecosystem revolves around its primary token, SHIB, an Ethereum-based ERC-20 token. Alongside the trading incentive-bearing SHIB token, the ecosystem includes two more digital assets. Bone ShibaSwap (BONE) facilitates governance participation, while Doge Killer (LEASH) serves as the network’s store of value with its artificially capped token supply.
As of now, the price of Shiba Inu is $0.000009836, with a 24-hour trading volume of $192.41 million. It has a market cap of $5.80 billion and holds a market dominance of 0.36%. Over the past 24 hours, the SHIB price has decreased by -0.53%.
Shiba Inu reached its highest price on October 28, 2021, at an all-time high of $0.00008819, while its lowest price was recorded on November 28, 2020, at an all-time low of $0.0000105637. Since its all-time high, the lowest price observed was $0.000055603 (cycle low), and the highest SHIB price since the last cycle low was $0.00001125 (cycle high). The current sentiment for Shiba Inu’s price prediction is positive, with a Fear & Greed Index showing 67 (Greed).
The circulating supply of Shiba Inu is currently 589.33 trillion SHIB out of a maximum supply of 589.74 trillion SHIB. The current yearly supply inflation rate is 7.33%, resulting in the creation of 40.26 trillion SHIB in the last year. In terms of market cap, Shiba Inu is currently ranked #5 in the Ethereum (ERC20) Tokens sector and #2 in the Meme Coins sector.
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