Last year was actually quite difficult for many meme cryptocurrency projects. This market-based series of currencies fluctuates greatly and consolidates greatly.
However, there are signs that some of the top meme tokens could revive and experience impressive growth in 2024 as cryptocurrency adoption continues to grow across the globe. Especially after the first Bitcoin ETFs were approved.
At the same time, Musk has recently started to crazily call for memecoin on x, so let us take a look at what other memecoins have great potential besides trolls and $e/acc.
SPONGE’s most promising meme coin in 2024
SPONGE is a meme token that took the meme cryptocurrency market by storm in May 2023 with its fun branding and social media buzz. SPONGE generated nearly 100x gains for its earliest investors after listing on the Uniswap cryptocurrency exchange.
However, we must acknowledge the fact that sponge coins lack real-world practicality. Project developers are trying to address this flaw with the upcoming version Sponge V2 (SPONGEV2).
This improved Sponge chip will bring much-needed use cases, including integration into racing games currently in development (P2E, Play to Earn).
What’s more, those who already own original SPONGE chips can stake their chips to purchase SPONGEV2 – currently yielding a yield of 493% per year.
Investors who did not initially hold SPONGE can purchase the chips through the official website of Sponge. The site will automatically stake your purchased coins to earn SPONGEV2.
The upcoming launch of SPONGEV2 has brought new hype to the Sponge ecosystem, causing raw SPONGE chips to record a staggering increase of over 51% in the past month.
Popular YouTube crypto analyst ClayBro even mentioned that “huge rewards” could be offered to people participating in the Sponge meme cryptocurrency ecosystem.
If these momentum can be sustained, members of the Sponge Telegram community believe that SPONGE chips may return to an all-time high of $0.0023 within the next year.
Some SPONGE holders also believe that the meme currency SPONGEV2 can generate higher returns once it is listed on the exchange. That’s why Meme coin enthusiasts are rushing to buy Sponge chips before they are officially launched for the mass market.
Speaking of projects that have been in operation for a long time, Dogecoin (DOGE) is a name that cannot be ignored when talking about meme coin projects with explosive growth potential in 2024.
As the first meme cryptocurrency, DOGE has experienced a huge boom in 2021, proving that meme digital currency projects can fully maintain their value and growth momentum in the long term.
While still well below its all-time high of $0.73, DOGE’s value has stabilized in recent months and is currently hovering around $0.092 per chip.
It has the largest community in the Meme coin space, with more than 2,500 traders worldwide accepting it as a safe, reliable and extremely high-quality payment method. DOGE faces extremely strong growth opportunities in 2024.
Myles G on YouTube even predicted that if crypto market conditions improve, DOGE coin is likely to reach $1 this year.
Although DOGE would need to rise approximately 10x from its current price in this scenario, the coin has demonstrated such impressive growth capabilities in the past. Therefore, investors should strongly consider adding $MK to their portfolios.
Bonk (BONK) has taken the meme coin market by storm over the past two months, growing over 3,100%. Bonk also surpassed Shiba Inu in the Japanese currency trading volume rankings.
BONK’s success is largely due to the hype around the Solana blockchain, which has seen exponential growth in the final months of 2023.
BONK is a dog-themed meme currency built on the Solana blockchain as a faster and cheaper alternative to projects built on Ethereum.
The token has also benefited greatly from viral trends on social media platforms like Twitter, helping to promote BONK to new audiences through memes and partnerships with leading influencers in the crypto industry.
Bill King, a well-known cryptocurrency influencer on Twitter, also speculated that BONK could reach $0.015 in the coming weeks, which would represent an explosive increase in the price of BONK chips from the current price.
While it may not be feasible to reach a price of $0.015 in such a short period of time, King’s prediction once again clicks with the community’s great optimism for BONK’s future.
The last project of note is Memecoin (MEME). This is a meme coin based on Ethereum, produced by 9GAG and first launched in June 2023.
The Meme token was officially launched through Binance Launchpool in October and provides a promotional chip pool for existing community members, helping to promote large-scale publicity on the social media platform.
After the MEME exchange went online, chips rose due to a significant increase in liquidity, helping it reach a record high of $0.047 on December 6.
Although the chips currently have no real practical use case, this has not stopped investors, and of course speculators, from purchasing Meme tokens in hopes of achieving market-beating gains.
Twitter analyst Crypto GVR, who has over 110,000 followers, recently predicted that the price of the MEME coin could rise by $0.20 “soon.”
With MEME’s daily trading volume expected to regularly reach over $60 million, it’s clear that the chip has attracted significant attention from the meme coin market, which is likely to grow strongly in 2024.
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