As the Solana meme coin craze takes over the cryptocurrency market, FOMO investors are asking, “What’s the next Shiba Inu?” In this article, we’ll cover an expert’s in-depth analysis of the 7 best meme coins to buy now and learn how to supercharge your assets. Cryptocurrency portfolio for the 2024 bull market today.
The Meme market has witnessed explosive price fluctuations so far in 2024. Cryptocurrency markets have seen a sharp surge in the Solana meme coin as trading volumes shift away from Ethereum due to increasingly high gas fees.
But with the cryptocurrency industry in crisis this week, awaiting the Dencun upgrade that aims to reduce gas fees and congestion on the ERC-20 network, many predict it could now return to the more traditional Ethereum. Meme market.
However, the surge in activity in Solana over the past two months remains a visible force in the market. There have been countless monthly events that have seen coins like DogWifHat (WIF), Bonk Coin (BONK), and Smog Token (SMOG) jump to multi-billion market caps. Dogecoin (DOGE) and Shiba Inu (SHIB).
7 Best Meme Coins You Can Buy Now
With a lot of activity in the high-risk, high-reward space, let’s take a look at 99Bitcoins’ picks for the seven best meme coins to buy right now, as ranked by cryptocurrency analyst and expert Jacob Bury.
1. Smog Token (SMOG) – the innovative Solana Meme Coin
Solana In a major innovation in the meme coin sector, the Smog token has emerged as a rising star in the market due to its promise to completely reinvigorate the meme coin holder experience.
At the heart of the project is an ambitious proposal for a long-term airdrop campaign that will reward long-term holders of SMOG tokens with the opportunity to participate in future major token drops.
Already gaining significant traction, the SMOG token is rapidly growing towards its goal of 10,000 so-called ‘Loyal Choices’, made up of dedicated community members and SMOG token holders who have completed a list of quests and challenges.
Is it better yet? The token has been seeing explosive price growth over the past month, with SMOG surging +728% to its current market cap of $210,062,938.
2. Sponge V2 (SPONGE) – Reigniting the groundbreaking Spongebob token in 2023
Another project that will make waves in 2024 is the Sponge token. It will never be forgotten and is making a comeback as it aims to replicate one of the biggest meme coins of 2023.
When SPONGE launched in May 2023, the nostalgic meme coin exploded +1,450% upon listing, reaching a shocking $100 million market capitalization, but the gains were temporary amidst the bleak cryptocurrency winter.
But now, with cryptocurrency markets supercharging globally as traders prepare for a potential 2024 bull market, Sponge is making a comeback with its latest migration successfully converting its token from Ethereum to Polygon in a fee-saving move.
Sponge V2 has already been well-received, with thousands of token holders participating in the migration event, and despite widespread retracements over the past few weeks, Sponge V2 has remained strong above 20 DMA, especially as the project quickly approaches major exchange listings. .
Sponge V2, which has now reached a market cap of $1.8 million, entices investors with the opportunity to profit up to 50x from current levels (if Sponge successfully returns to a $100 million market cap).
3. AI SCOTTY – Dual narrative winner set for major surge
In a clever play that has caught the attention of eagle-eyed investors, AI Scotty is quickly approaching the $10 million raised in a cryptocurrency pre-sale, with buyers competing before SCOTTY launches.
2024 first hit the market in the spring of 2023, and excitement is fueled by its return to the high-octane AI narrative, which represents one of the biggest opportunities in the current bull cycle.
Interest has been reignited in recent weeks with the launch of OpenAi’s video creation software Sora, and continues to grow in anticipation of next week’s Nvidia AI Conference 2024.
AI Scotty is perfectly positioned to grow significantly amidst these stories as an AI-powered meme coin, not only has the viral potential of a meme puppy, but also provides traders with access to a powerful toolkit of AI-enabled trading tools and insights. .
Additionally, it is clear that there is great market interest in the project, with SCOTTY’s token economics designed to fund a monumental marketing campaign once the token is launched.
4. Snek Token (SNEK) – Cardano’s Response to the Rise of the Solana Meme Coin
As the Solana meme coin market has surged, rival low-cost layer 1 blockchain Cardano has also seen a significant increase in meme coin activity, led by Snek Token (SNEK).
Quickly emerging as the largest Cardano-based token (by trading volume), SNEK has become the face of the Cardano meme coin market and has established itself as a great beta play for popular Solana-based tokens like WIF and BONK.
The Meme coin market is in the spotlight with SNEK in the midst of a major secondary rally that has already hit all-time highs after a well-defended consolidation period last week.
The current market cap is $173,935,326, and it is highly unlikely that SNEK will rise 5-8x from here any time soon.
5. Shiba Inu (SHIB) – Second Largest Meme Coin Ahead of Bull Market in 2024
Shiba Inu, a blue-chip meme coin, is gearing up for a bull market in 2024 and its SHIB token is once again in the spotlight.
Over the past month, SHIB has achieved an impressive +270% gain (a challenging move for a multi-billion market capitalization), making it once again the second largest meme coin among the top 10 cryptocurrencies globally.
This follows a long period of building by the Shiba Inu community through extensive efforts by meme coin developers in the ecosystem (under Shytoshi’s leadership) to deliver and implement ‘Shibarium’, SHIB’s low-cost layer 2 scaling solution. .
Shibarium is expected to see significant ecosystem growth over the next few years as the SHIB development community focuses on integrating Shibarium to drive increased network activity.
6. PEPE – Biggest Meme Coin of 2023 Ready for First Bull Market Pump
Our second pick for the best meme coins to buy right now is Pepecoin (PEPE), named after one of the most popular memes on the internet, Pepe the Frog, which emerged in May 2023 as the biggest meme coin launch of the past year.
With a solid meme value and a prominent market position as the third largest meme coin, PEPE has already started to aggressively enter the first bull market. The token has risen an impressive +666.9% so far in 2024, hitting a new all-time high. It is $0.00001064.
However, despite the high market capitalization of $With 4,179,805,149 Pepecoin’s surge has only just hit the charts, so it looks like PEPE will see major growth over the next year.
For example, Shiba Inu has a market capitalization of $19,251,469,359. If Pepecoin grows to this level, it would mean a return of over 4.5x from here.
7. Meme AI (MEMEAI) – AI Meme Generator Soars on the Charts
Another promising meme coin project gaining attention throughout the cryptocurrency community is Meme AI (MEMEAI), which combines meme power with AI-enabled tools for retail investors.
At the heart of the project is a unique AI-based meme generator. Interact with our exclusive NFT marketplace, allowing Web3’s meme creators to gain and benefit from true digital ownership of their work.
The importance of this offer for Web3 users has not been overlooked by investors, and over the past month MEMEAI has gained +745%.
However, with a market capitalization of just $10,437,779, it seems likely that Meme AI could achieve up to 10x growth from current levels, making it an attractive proposition for Meme Coin investors.
Explore: How to Buy Dogecoin (DOGE) – Beginner’s Guide
Disclaimer: Cryptocurrencies are a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You may lose all your capital.