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In April, the meme coin market thrives with a total market cap surpassing $63 billion, motivating us to explore the top meme coins for your portfolio this month.
Meme coins are currently some of the hottest tokens in the crypto market. Known for their wild price swings, many top meme coins have surged over 10,000% in recent months, leading investors to huge profits when they choose the right coin at the right moment.
However, not every meme coin is a winner, so investors must be smart in identifying high-potential tokens before they take off. In this guide, we’ll list the top 5 meme coins to purchase in 2024 and provide all the essential information investors need to know about investing in meme coins.
Dogecoin20 (DOGE20)
At the forefront is the renowned Dogecoin, set to launch in just 12 days with a twist. This upgraded version has already amassed over $10 million in market value and offers more than mere meme appeal. For comprehensive instructions on how to buy $DOGE20, please refer to our detailed guide.
Dogecoin20 upholds the “Do Only Good Every Day” ethos like its predecessor, aiming to support charitable initiatives and community projects.
Moreover, the team showcases expertise by introducing a staking mechanism, allowing users to passively grow their investment with a 54% Annual Percentage Yield (APY), which will decrease with more tokens staked.
Dogecoin20 also implements a capped supply, unlike the infinite supply of Dogecoin, to combat inflation and price dilution. Additionally, Dogecoin20’s eco-friendliness sets it apart from the original version, operating on Ethereum’s environmentally friendly Proof-of-Stake mechanism.
🐕#DOGE20 is greener and more versatile than the original #DOGE because it runs on Ethereum’s Proof-of-Stake network.🌱
Which is easily accessible and does not require a Proof-of-Work mining setup.💻
As an ERC-20 token it is easy to store in any popular self-custody wallet. 📲 pic.twitter.com/hghmBYNSIw
— Dogecoin20 (@DOGE_COIN20) March 16, 2024
These advantages, coupled with an impending Doge Day Initial Exchange Offering (IEO), indicate a promising future. Traders can still acquire Dogecoin20 at its fixed presale price, but with only 12 days remaining until Doge Day, they must act swiftly. Check out our $DOGE20 price prediction for insights on its future value.
dogwifhat (WIF)
Dogwifhat, a Solana-based meme coin, has garnered attention with a market cap nearing $4 billion, surpassing Pepe to become the third-largest meme token. Its price exceeded $4 on March 28, marking a significant increase since launch.
The “dogwifhat” meme originated from a photo of a Shiba Inu wearing a beanie, gaining popularity on Twitter in late December 2019. WIF entered the market in December 2023 at $0.001555, reaching $0.30 by month-end before dropping to $0.08 in January, highlighting the speculative nature of meme coins.
Inspired by Dogecoin, dogwifhat’s value is solely speculative. Despite hitting an all-time high of $4.64 on March 30, it dropped by over 20% last week to trade at $3.6. Despite the decline, WIF ranks 36th in market capitalization at $3.64 billion, favored by retail investors for its volatility, indicating continued significant price fluctuations.
BOOK OF MEME (BOME)
BOOK OF MEME (BOME), a new addition to the Solana network, quickly grabbed attention by listing on Binance within 48 hours of launch and reaching a billion-dollar market cap in the same timeframe.
As anticipation grows for the Bitcoin halving event on April 20, BOME experiences significant growth, with its price rising by 4.10% in the last 24 hours and 2% over the past week. Investors are watching meme coins like BOME closely, speculating that it could hit $0.05 post-halving.
Currently trading at $0.014 with a market cap of $7.8 million and a trading volume of $366 million, BOME maintains bullish momentum and strong investor interest. Some analysts predict BOME to reach $0.06 by April’s end.
The upcoming Bitcoin halving, known for sparking bullish market sentiments and price surges, could benefit BOME and other meme coins. To achieve the $0.05 target, BOME must sustain its momentum, attract new investors, utilize its branding and community support, and seize potential viral marketing opportunities.
Pepe (PEPE)
Around this time last year, a new cryptocurrency named PEPE emerged, drawing inspiration from the popular internet frog meme Pepe. Unlike other meme cryptocurrencies, PEPE fully embraces its meme status.
It adopts a no-tax policy and openly acknowledges its lack of practical use, making it appealing to investors interested in the meme trend. PEPE experienced a remarkable surge before facing a downturn along with the broader market decline.
Despite being among the top meme coins, it proved susceptible to bearish pressure as market sentiment shifted and prices dropped significantly.
Several factors contributed to its decline, including profit-taking by investors and the overall market downturn, affecting not only PEPE but also other Solana meme coins and potential high-growth assets.
Despite its recent downturn, PEPE has seen a substantial 415% price increase since the beginning of the year. However, it is not considered a pump-and-dump coin, and a recovery is anticipated, particularly as it remains favored by influential investors in the cryptocurrency market.
Shiba Inu (SHIB)
Concluding our list is the well-established meme coin, Shiba Inu. Initially seen as a copy of Dogecoin, Shiba Inu has developed into a complex ecosystem. It has recently seen a significant surge in its token burn rate, burning over 24.2 million SHIB tokens in the last 24 hours, indicating a 61.02% increase in burn rate.
The current circulating supply stands at a substantial 589.29 trillion tokens, emphasizing the importance of token burning events to maintain scarcity and ensure a robust ecosystem.
Despite a 19.75% drop in the last 30 days, SHIB’s price has experienced a notable uptick, currently trading at $0.000028, up 4.29% in the last 24 hours. Alongside this, trading activity has risen by 39.35%, with a 24-hour trading volume of $537.37 million, reflecting increasing interest from bullish investors.
While SHIB may continue consolidating amidst anticipation of the Bitcoin halving event, its market cap nearing $17 billion and flourishing ecosystem position it for further expansion, cementing its significance in any meme coin portfolio.
Related
- Shiba Inu Price Prediction: SHIB Burn Rate Goes Center Stage As Traders Rush To Buy Dogecoin20 Before Its Too Late
- Top 5 Solana Meme Coins Set to Surge – $BONK, $BOME, $SLERF, $WIF, and $SLOTH
- Pepe Price Prediction: PEPE Plunges 7% As Traders Migrate To This Solana Meme Coin With CEX Listing Imminent
- dogwifhat Price Prediction – Could $WIF Reach New Highs, or Should You Consider Dogecoin20 Presale for Early Gains?
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