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Meme coins can explode by the highest percentage margin – in this article, we highlight a range of meme tokens currently making waves on CMC and other exchanges.
With recent happenings in the crypto market, the global market has surged by 0.5%, increasing to 1.847 trillion in the last 24 hours. Meanwhile, the meme coin market rose to $22.5 billion, a 1.1% increase in the previous 24 hours, thanks to the SEC’s approval of the Bitcoin ETF.
Best Meme Coins Now and New Meme Tokens ICO Calendar
Furthermore, amidst the growing investor demand for lesser-known tokens, Sponge V2 (SPONGEV2) is capturing attention in anticipation of its upcoming exchange listing. Moreover, the past 24 hours have seen substantial gains across most meme coins, driven by the approval of a spot Bitcoin ETF.
A standout performer, Shiba Inu, has surged nearly 12% since yesterday, reaching $0.0000104. In tandem with Shiba Inu, Dogecoin is on an upward trajectory, registering an 11% increase in the same time frame. SHIB and DOGE have significantly bolstered their market caps, collectively amassing over $1.1 billion in spot trading volume.
1. Shiba Inu (SHIB)
Shiba Inu (SHIB) has achieved a significant milestone by reducing another zero from its trading value, which is currently at $0.00001014. This reflects a 24-hour trading volume of $256,462,456.73, with a circulating supply of 590 trillion SHIB.
During the massive 2021 bull run, erasing a zero concept in the Shiba Inu community became a symbolic celebration. Furthermore, this phrase signifies SHIB’s price dropping a decimal place while increasing in value. It also indicates growth in market value and investor interest.
In addition, Shiba Inu has evolved into a mainstream meme coin. The token gained attention from developers who have built a decentralized ecosystem, including the Shibarium L2 chain. Despite starting at $0.000000000056, SHIB reached an all-time high of $0.000084, showcasing a remarkable 150,000 times increase within eight months.
In response to this surge, Vitalik Buterin donated 10% of his SHIB holdings to a COVID-19 relief effort in India, with the remaining 40% permanently burnt. Meanwhile, this donation, valued at approximately $1 billion at the time, stands as one of the largest in the world.
🔥 Is it getting hot in here? Oh wait, it's just us burning some $Shib In just about a month, we've incinerated nearly 200 ETH worth.
TX details in the first comment below. pic.twitter.com/YVEzb7SEPJ
— Shib (@Shibtoken) January 9, 2024
In addition, the Shiba Inu team actively participates in token burns, with the latest burning of 9.35 billion SHIB worth $92,953.36. This contributed to a substantial 28,659% spike in the daily burn rate, the highest in 2024, indicating a bullish start for the token.
2. Dogecoin (DOGE)
Currently priced around $0.08, Dogecoin shows promising potential to surpass the $0.1 mark in the next leg-up, especially following the approval of Spot Bitcoin. Moreover, the approval could propel Dogecoin to new heights, possibly erasing a zero from its value. Furthermore, Dogecoin remains a top choice for investors seeking robust growth in the upcoming months.
However, in derivatives operations, DOGE witnessed a 32% volume loss of $1.33 billion, with recently opened short positions totaling $703.37 million (51.18%). The community’s optimism is fueled by the announcement of a peer-to-peer payment system on the X platform. This raises hopes for integrating Dogecoin payments.
Furthermore, Dogecoin influencer @TOPDOGE007, who shared news about X launching its P2P payments service, expressed the expectation of Dogecoin payments being incorporated.
In addition, Elon Musk’s support for Dogecoin and his previous mentions of incorporating DOGE payments on X align with the community’s anticipation. This development is poised to drive a surge in DOGE price, attracting more investors to the token.
Community celebration of 10 years of Dogecoin, on Spaces today at 6PM CST with @djdoge69 – join in and share your best memories from 10yrs of Do Only Good Everyday and remembering where it all began. https://t.co/nSgkoB262d pic.twitter.com/8Jkp9u2dZg
— Dogecoin (@dogecoin) December 6, 2023
Moreover, Bitunix stands out as a popular centralized crypto exchange for those interested in trading DOGE. The most active trading pair, DOGE/USDT, boasts a trading volume of $6,769,431 in the last 24 hours.
3. Coq Inu (COQ)
Coq Inu (COQ) swiftly grabbed attention within its first week, reaching an all-time high of $0.000001477. Notably, the token experienced the most significant 24-hour price movement in USD on Thursday, surging by $0.000000216064 (16.0%).
Furthermore, the project’s ecosystem developments have fueled increased demand for Coq Inu, with some individuals reportedly making substantial profits from betting on this memecoin. Some of these developments set up by the project’s team include:
- Introduction of Telegram Sniping Bot.
- Merger between COQ and Gambl.Computer
- Addition of mints
While the potential for profits may attract users, it’s crucial to note that the creators of COQ themselves deem the project as shitcoin. Explicitly stating that Coq Inu has no intrinsic value and serves purely for entertainment, the token’s creators issued a disclaimer on their website.
Furthermore, the price of Coq Inu (COQ) stands at $0.051535, reflecting a 24-hour trading volume of $11,646,431.97. This indicates a price decline of -7.31% in the last 24 hours and a -1.93% decline in the past seven days. Moreover, with a circulating supply of 69 trillion COQ, Coq Inu holds a market cap of $106,698,922.
Thanks to the generosity of an anonymous whale benefactor, the COQ Hackathon prize pool is now 20b $COQ.
Submission date 01/15/24 4:20pm EST
Hackathon Judges: @gribbly_fire @CluckNorrisAVAX @luigidemeo @JohnNahas84
Let's Build! #0x420 #AVAX 🐓🔺https://t.co/UAFO7lh0kf pic.twitter.com/ca537e94Cv
— Coq Inu 🐓 (@CoqInuAvax) January 4, 2024
In addition, centralized and decentralized exchanges provide options for those interested in trading COQ. KuCoin stands out as a popular centralized exchange, hosting the most active trading pair COQ/USDT with a volume of $2,056,028 in the last 24 hours. Other notable choices include Dexalot and Trader Joe.
4. Sponge V2 ($SPONGE V2)
Following Sponge V1’s remarkable surge from a $1 million market cap to over $100 million last year, the team is now set to replicate this success with its launch of Sponge V2 and revamped tokenomics. In a departure from merely paying homage to SpongeBob SquarePants, Sponge V2 introduces a play-to-earn racing game to enhance utility.
Furthermore, anticipation for the V2 launch is rapidly growing, evidenced by the $4.3 million already staked in the token’s smart contract. Investors have two avenues for obtaining Sponge V2 tokens: direct purchase and staking SPONGE in the staking contract on the project’s website.
📢 Daily Staking Update!
Today, a staggering 4,705,172,778 $SPONGE tokens are staked, with a total value of $3,944,150.86! 🤯
Plus, our holders are enjoying an impressive 343% APY.
Don't miss out on these remarkable rewards! 🧽🧽🧽#AltSeason #SpongeV2 #Crypto pic.twitter.com/b4i7vD0uTY
— $SPONGE (@spongeoneth) January 12, 2024
In addition, staking previously held Sponge V1 tokens results in higher V2 rewards, fostering a staking frenzy. However, all Sponge V1 sent to the smart contract becomes permanently locked, seamlessly facilitating the transition to V2.
With established brand recognition, staking fervor, and tangible gaming utility, Sponge V2 possesses the essential elements for a potential meme coin breakout. Moreover, as exchange listings are on the horizon, they hold the potential to emulate the parabolic rise witnessed by BONK last year.
Sponge V2’s unique combination of features positions it as a contender to fuel the subsequent retail frenzy. However, as BONK fades from its highs, the stage is now set for a new meme token to seize the spotlight, and Sponge V2 appears poised to take center stage.
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