While recent months have seen major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) take the spotlight – and with good reason, given the string of recent developments on the crypto market, but also in terms of regulations and technology – the so-called meme coins have yet to lose their prominence.
In fact, with investors getting more optimistic and driving more money into the crypto market and drawing more attention to it, meme coins are likely to see their relevance – and prices – surge.
Finally, with the Bitcoin halving – likely to drive the value of many coins and tokens up – and April 1 – likely to help at least some meme coins find new all-time highs – happening almost back-to-back, Finbold decided to look at some of the best internet-joke-based cryptocurrencies other than the famous Shiba Inu (SHIB).
Dogecoin (DOGE)
Having a conversation about meme coins likely to perform in any given year would be difficult without mentioning the original dog-themed cryptocurrency and the biggest one of its class with a market cap of more than $12 billion – Dogecoin (DOGE).
The decade it spent on the crypto market already proved Dogecoin’s staying power, and given that it surpassed 1 million daily transactions this February, it also proved its continued relevance.
DOGE has another uncommon boon watching its back – it is favored by the billionaire Elon Musk and, indeed, it received a major boost from him last April when he temporarily changed the logo of his social media platform, X, into a picture of a shiba inu dog.
While it isn’t guaranteed Musk will pull off a similar joke this April, there is a decent chance that hopes that he will prove enough to drive the already high interest in the cryptocurrency even higher.
Dogecoin price chart
In terms of recent performance, Dogecoin has mostly been on a decline so far in 2024. Despite this, the most recent trend has been volatile but positive, and the meme coin is 8.72% in the green in the last 30 days and 6.76% in the last week.
The last 24 hours of trading saw DOGE price rise 0.05% to $0.09.
Pepecoin (PEPE)
When it came out in the spring of 2023, Pepecoin (PEPE) – a frog-themed meme coin – took the crypto community by storm and led to the creation of several millionaires, with one allegedly managing to turn a mere $26 into well over $1 million.
While PEPE’s initial surge was as short-lived as it was dramatic, it retained its relevance for meme coin enthusiasts, meaning it still boasts a chance to be a major beneficiary of the expected crypto bull market in 2024.
In fact, Pepecoin already received a significant boon in 2024 as its audience of potential traders was greatly expanded after Robinhood (NASDAQ: HOOD) released it for its EU customers earlier in February.
Pepecoin price chart
PEPE has also been performing decently in the first months of the year and is up 5.32% over the previous 30 days – despite taking a significant plunge early in February.
The most recent 7 days of trading have been particularly strong, and the meme coin is 10.67% in the green – largely due to the Robinhood listing. The last 24 hours of trading, however, saw it drop 2.50% to $0.000001177.
Bonk (BONK)
Bonk (BONK), the original meme coin of the Solana blockchain – whose native token SOL is a major contender for the title of one of the best performers of 2024 – is another cryptocurrency likely to surge significantly this year.
The unassuming dog-themed token won its spot in the minds of crypto enthusiasts after it was discovered that each Solana Saga phone contained approximately $10 worth of it. This, paired with BONK’s 2023 surge, created an unusual arbitrage opportunity as the cryptocurrency found on the phone exceeded its retail value.
This, in turn, drove BONK’s price up – and it is, indeed, still 11,383.35% above its launch price – and helped the Saga smartphones sell out.
BONK price chart
More recently, Bonk’s price calmed down somewhat, though it did record positive performance in the last 30 days, having surged 8.98% in the timeframe. Additionally, it is 0.75% in the green in the last 7 days, but as much as 4.34% in the red in the last 24 hours. Its press time price stands at $0.00001254.
Finally, BONK is likely to receive another major boost in the coming months as the Solana mobile team recently announced it is working on a new smartphone.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
