Whether we like to admit it or not, memes play an important role in the crypto space, and meme coins prove it.
Not once was the crypto industry surprised by the meme coins explosion, from which we can learn one thing: while the utility is valuable in crypto, a strong community can be the real driver of success.
Given that the market is showing signs of slight recovery and Bitcoin halving is approaching, which meme coins will explode in 2024? In this article, we will present 5 meme coins that will explode in 2024.
Disclaimer: Remember, this is not financial advice. Consider this exploration an informed opinion based on our research, but always conduct your own due diligence before making any investment decisions
Meme Coins Explained Shortly
Alright, firstly, let’s cut to the chase and talk meme coins.
Meme coins are basically digital tokens born out of internet humor and pop culture references.
While many cryptocurrencies focus on utility, meme coins don’t have much value on their own, and that’s because meme coins primarily leverage the explosive nature of memes to gain viral traction. In other words, they are built to succeed on community hype. For that, social media platforms play a crucial role.
Even so, meme coins, despite their humorous origins, are just as legitimate as any other cryptocurrency. They are typically built on popular layer-1 networks such as Ethereum, Solana, and Polygon, or some have dedicated networks tailored to their specific needs.
Before further ado, if you’re thinking of throwing cash at meme coins, do your homework first and exercise caution. That’s because pump-and-dump schemes and rug pulls are lurking around every corner when it comes to meme coins, and trust us when we say that scammers are ready to leave you empty-handed.
The Halving, the Bull Run and the Meme Coins Explosion
While a generalized crypto bull run (which slowly but surely seems to be gaining momentum anyway) can undoubtedly boost the entire market, the meme coin sector is a beast of its own.
Unlike established cryptos with real-world use cases, meme coins succeed in trendjacking, community hype, and viral fame. So, how does the impending halving and a potential bull run fit into this equation?
Firstly, the Bitcoin halving, scheduled for April 2024, is an event that historically correlates with price surges across the crypto market. This scarcity event, coupled with increased institutional adoption and positive global economic indicators, could fuel a broader bull run that lifts all boats, including meme coins. So, from this point of view, there is every chance that meme coins will explode.
Secondly, beyond the broader market sentiment, some meme coins (not many, but there are still a few) are actively building utility and unique features. While many started as pure jokes, some projects implement real-world use cases like payments and tipping, and others, for example, are developing decentralized exchanges and gaming platforms. These efforts, if successful, could decouple meme coins from pure trend-driven speculation and provide intrinsic value, potentially leading to more sustainable growth even outside of a bull run.
The key takeaway? The 2024 bull run, combined with Bitcoin halving and the emergence of development with some utility features, might present an opportunity for meme coins to explode.
However, remember again that meme coins are notoriously volatile. Both positive and negative market movements amplify their reactions. While this volatility can lead to explosive gains, it also exposes you to steeper losses if the trend reverses.
But if you’re cautious about that and want to invest in meme coins anyway, let’s explore 5 meme coins that will explode in 2024 together, based on our research and analyses, and which are not as dangerous (or potentially scams) as others.
5 Meme Coins That Will Explode in the Bull Run
In a nutshell, based on our research and understanding of the crypto industry, we identify 5 meme coins that we anticipate will explode in the next bull run:
- Dogecoin;
- Shiba Inu;
- Pepe Coin;
- Flok Inui;
- Bonk.
For more details on why we believe this, please read further below.
Dogecoin
Dogecoin (DOGE) is a cryptocurrency initially designed for entertainment within the crypto community, emerging from a Litecoin hard fork while maintaining Bitcoin’s foundational principles.
Despite its playful origins, Dogecoin has gained substantial traction, partly due to endorsements from prominent figures like Elon Musk, who frequently mentions it as his favorite crypto.
For the next bull run, Dogecoin may be an interesting option.
Firstly, its community remains remarkably strong and deeply entrenched in the meme culture. This passionate “DogeArmy” has demonstrated its power to create social media buzz and drive demand, as seen in the 2021 surge fueled by Elon Musk’s tweets. In a bull run, this fervent online support could translate into substantial buying pressure, potentially pushing the price upwards.
Secondly, Dogecoin is actively evolving beyond its meme-coin origins. Developers are working diligently to improve scalability and transaction speeds, making it more practical for everyday payments.
These ongoing advancements could attract new users and investors, potentially contributing to further price appreciation.
Shiba Inu
Shiba Inu (SHIB), the self-proclaimed “Dogecoin Killer,” sits at a crossroads. Fueled by the meme coin fever and a dedicated online community, it stands poised for potential growth in the upcoming crypto bull run.
One of the reasons why we consider that is because SHIB rides the meme wave with cleverness. Its association with the adorable Shiba Inu breed and a vibrant online community create a powerful narrative. But it’s not just memes – the ShibaSwap DEX allows users to stake, swap, and earn rewards with SHIB tokens, enabling a growing ecosystem that goes beyond pure speculation. This utility could attract users and investors seeking more than just a meme bet.
Moreover, Shibarium, a layer-2 blockchain designed explicitly for SHIB transactions, promises to address a major limitation: scalability. Faster and cheaper transactions could open doors to wider adoption and partnerships, potentially fueling a price surge. However, its success remains to be seen.
Pepe Coin
PepeCoin (PEPE) is the blockchain embodiment of the internet’s iconic frog meme, and most crypto enthusiasts consider it the most successful meme coin after Dogecoin and Shiba Inu (even though Bonk has overtaken PEPE as market cap). And it’s poised to succeed also in the upcoming bull run, based on diverse reasons.
Maybe the most established reason is related to the fact that PepeCoin draws huge strength from its community. The “Pepeverse” succeeds in a vibrant online presence, buoyed by the meme’s cultural recognition and association with internet history. This passionate base has previously demonstrated its ability to drive social media buzz and influence demand, as seen in the coin’s recent rallies.
Further, PepeCoin is actively evolving beyond its meme-centric origins. Recent efforts focus on increasing utility and expanding the Pepe ecosystem. Developers are improving scalability and transaction speeds to make the coin more practical for everyday use.
Also, PepeCoin’s connection to the well-established and controversial Pepe the Frog meme raises its own unique considerations. While the meme’s cultural significance is undeniable, its history is meshed with complex and nuanced online communities.
Considering that PEPE entered like a boom in the crypto world and has shaken the meme coin world totally by surprise by surpassing its $1 billion market capitalization in a concise span of just 20 days, it has all the changes to surge in value further in the upcoming bull run.
Floki Inu
Floki Inu (FLOKI) is a meme coin inspired by Elon Musk’s dog, which is named after a Norse god, and in the upcoming bull run, Floki can have an interesting course.
Floki boasts a passionate and meme-savvy community, often credited with driving significant price surges in the past. Their social media clout, combined with Elon Musk’s occasional tweets, create a potent cocktail that could reignite investor interest during a bullish fever.
Also, Floki’s multi-chain presence on Ethereum and Binance Smart Chain also allows for wider reach and flexibility. The FlokiFi ecosystem offers various functionalities, including a DEX, NFT marketplace, and P2P payments. While still in its early stages, this evolving utility could attract users and investors seeking practical applications beyond speculation.
Bonk
Last but not least is Bonk, the most newly emerged coin meme of those mentioned.
Bonk (BONK) is the most established meme coin within the Solana ecosystem and has already experienced visible growth between November 2023 and February 2024, and by the looks of things, growth won’t stop at just that.
One reason for that is that Bonk capitalized on the surging popularity of the Solana blockchain, leveraging its reputation for speed and innovation. This association could prove advantageous in a renewed bull run with broader Solana enthusiasm.
Beyond its meme status, Bonk is actively establishing its own presence within the Solana ecosystem. The Bonk DAO empowers community governance, fostering a sense of ownership and engagement. Additionally, projects like BONK NFTs contribute to the burgeoning Solana NFT scene, demonstrating a commitment to utility beyond mere speculation. This focus on practical applications could attract investors seeking more than a fleeting price pump.
If Bonk continues the same trend as before (and it has every chance of doing so), Bonk may explode in the next bull run if the community doesn’t drop it into the shitcoin hell.
Conclusion
So, meme coins present a fascinating intersection of humor, community engagement, and speculative potential within the crypto space. While their origins may be rooted in internet memes and cultural references, meme coins have evolved to garner substantial attention and investment interest, particularly during bull runs.
As we anticipate the next surge in the crypto market, fueled by factors such as the Bitcoin halving and broader market sentiment, meme coins stand poised for explosive growth.
That’s why we hope that our article helps you. As always, this exploration serves as informed speculation rather than financial advice, and we highlight again the importance of making prudent investment decisions in the ever-evolving crypto landscape.
