A new trend in the cryptocurrency industry is gaining more and more strength. Hundreds, if not thousands, of tokens inspired by iconic memes or famous personalities appear on the market daily. Thanks to their fun nature, these tokens are rapidly building communities. The bullish sentiment at the beginning of the year led to the rise of memecoins, and some of them grew tremendously in a short time. The summer of 2024 will not be an exception.
Here is a list of the most promising memecoins
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Expert Note
This article is for informational purposes. We don’t encourage investment in any specific currency. The decisions are left to you. Remember the importance of doing independent research
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Shiba Inu (SHIB)
Shiba Inu, often compared to Dogecoin for the Shiba Inu dog theme, was launched in 2020 and has gained popularity not only for the image of the friendly dog, but also for the interesting features it offers to its owners. Shiba Inu has its own decentralized exchange, ShibaSwap, which allows users to exchange and stake tokens. This adds utility and earning opportunities for holders. In addition, Shiba Inu has its own layer 2 network, called Shibarium. Shiba Inu has grown 172 percent since the start of the year and reached an all-time high near $0.000036
in March.
Dogwifhat (WIFI)
An initiative started by a South Korean couple has created Dogwifhat, a memecoin inspired by their little dog Achi, whose image has gone viral. In just one year, Dogwifhat gained 1,690% of its value. The community is very active in supporting this memecoin, which reached an all-time high of $4.7 in March
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Pepe (PEPPER)
Pepe the Frog is a historic meme with a large fan base. Not surprisingly, Pepe’s memecoin quickly gained popularity. Pepe’s developers declared the token useless from the start, but this attracted a new generation of fans. Recently, Pepe hit an all-time high of $0.0000112 and is now the third memecoin by market capitalization, after Dogecoin and Shiba Inu, growing
by 530% since the beginning of the year.
Bonk (BONK)
Bonk was born when users of the Solana Saga smartphone received Bonk coins for free. This event shook the community, making Bonk the best memecoin in the Solana ecosystem. Bonk has also created its own decentralized exchange, BonkSwap, which adds additional utility to the token. The coin grew by 5.288% in
one year.
MAGA (TRUMP)
The memecoin MAGA (TRUMP), which exploits the political image of Donald Trump, has gained a large following among its supporters and fans of political memes. With the US presidential elections taking place in November 2024, the currency has a good chance of performing well this summer. MAGA (TRUMP) gained 50,800% in
one year.
Smog (SMOG)
Smog (SMOG) has involved the crypto community on issues of air pollution through the distribution of tokens for actions aimed at combating environmental problems. The project involves regular airdrops and burning campaigns, which could increase the value of the token
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Slothana (SLOTH)
Slothana (SLOTH) grew 175% in just two weeks after its official launch. While not promising immediate benefits, the community continues to monitor the project closely. In May, the coin hit an all-time high of $0.055
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WienerAI
WienerAI is a new memecoin that combines artificial intelligence and meme themes. Still in the pre-sale phase, the project has already garnered a large community attracted by the idea of staking and rewards. WienerAI promises to be an interesting addition to the market
this summer.
Sealana (SEAL)
Sealna (SEAL) is based on a famous person from the TV show South Park. Memecoin has attracted attention thanks to its fixed price and ease of use. Although the listing date is not yet known, the community expects the coin to be launched this summer
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Memecoins are showing phenomenal growth, despite their volatile nature and lack of utility. However, this state of affairs may change suddenly. It’s important to remember to always do your own research and to only invest money that you are willing to lose.
Cryptocurrencies are financial assets with high risk and volatility. Therefore, it is crucial that you conduct your research on financial instruments and make independent decisions. Before taking any action related to cryptocurrencies, you must study, understand, and comply with the laws applicable in your region and country.
