The price of Jeo Boden (BODEN) skyrocketed after former US President Donald Trump mocked the meme coin, in response to a fan about the token. Amid these developments, these humor-filled projects have quickly become staples of cryptocurrency portfolios.
Due to their ability to promote community engagement and the ability to address real-world problems, the demand for meme currencies has skyrocketed. Thanks to their impressive market performance, the following meme coins have the potential to offer massive future returns.
KangaMoon (KANG) joins the top meme coins of 2024
KangaMoon (KANG) is attracting attention in the broader cryptocurrency market thanks to its unique fusion of SocialFi and the play-for-profit model. In essence, the meme coin project will launch a gaming ecosystem where meme fans and gamers interact to participate in fun-filled challenges and tournaments. As a result, they get money while having fun.
The KANG token will actually be useful on the platform. Users will be able to use the original code to access exclusive games, create and upgrade their characters, and purchase in-game items in the Market. What’s more interesting is that KANG holders have a chance to earn more tokens when they join the community to promote meme coin online.
Remarkably, KangaMoon could potentially disrupt the meme coin market, mainly due to its current pre-sale market statistics. For context, KangaMoon has already raised more than $6.7 million in funding and is aiming to reach $9 million by the end of May. Furthermore, early backers of the KANG token recorded a 400% return on investment, with the potential for further gains.
Currently in the pre-sale reward phase, the price of the KANG token is $0.025. KangaMoon has an ambitious roadmap that could lead to further price hikes. For example, the meme project will benefit from the booming global play-for-profit NFT industry, which has a market size of $3,292.72 million in 2022 and is expected to increase in value at a CAGR of 17.93% to reach $8,856.95 million by 2028. .
Additionally, the meme project is scheduled to be listed on Tier-CEX, which is expected to push KANG’s value to $0.5. Hence, experts see KangaMoon as the next 100x meme coin of 2024.
Dogecoin is preparing for a bullish golden cross
Next on the list is the leading meme coin in terms of market cap; Dogecoin is poised for a repeat of its bullish golden cross. This is due to the recent bullish partnership with Tesla, which has enabled DOGE to become a means of payment for Tesla products. Although Tesla did not officially announce the news, Dogecoin fans quickly noticed the change, sending the price of DOGE soaring.
Furthermore, Elon Musk has secured payment licenses for his social media platform X. This move indicates Musk’s intention to introduce DOGE payments on the platform. So far, X has about 25 licenses, suggesting it is closer to Musk’s dream of DOGE payments on the social media platform.
Dogecoin price has shown great performance. Looking at the technical analysis, DOGE price is preparing for further price pumping, which increases its demand in the market. Hence, Dogecoin is among the best meme coins you can buy right now.
Shiba Inu burn rate rises by 200% — will this cause prices to rise again?
Another meme coin that has captured the broader market with its impressive performance is the Shiba Inu. The self-proclaimed Dogecoin killer is heating up the market once again after recording a 200% burn rate. The bullish news coincides with the volatile price action of SHIB in the same period.
The meme burn tracker identified a high burn rate of 210.27%, resulting in over 24 million tokens being burned from the ecosystem. The burn rate has fueled the usual rounds of optimism in the market. However, amid further investigation, the burn rate is said to have been caused by huge dead wallet transactions.
With the current momentum, the Shiba Inu is seeing increased activity in the market, sparking conversation regarding future price movements for SHIB. Many analysts are bullish on the Shiba Inu coin, suggesting that the meme coin is poised for further gains. Therefore, the Shiba Inu will likely become the best meme coin to invest in 2024.
Dogwifhat (WIF) extends the lead before Bonk
As the second largest meme on the Solana blockchain by market capitalization, Dogwifhat has been on a positive trajectory, and has made remarkable achievements. Recently, the price of Dojoyvat has risen significantly over the past few months, increasing its value ahead of Bonk, the largest memecoin based on the Solana blockchain in terms of market capitalization.
The recent increase can be attributed to various factors, including overall investor confidence. Large investors continued to mobilize more capital flows into financial derivatives markets. These traders are buying the Dojowave pullback, hoping that the meme coin will regain its upward momentum.
With new capital inflows, experts are hinting at Dojoevat price breaking out of the current downtrend. Hence, they have made bullish predictions regarding the meme coin, suggesting that it is among the best meme coins to buy in 2024.
Floki issues a big warning to his community
Self-proclaimed Shiba Inu and Dogecoin competitor Floki has made headlines due to its strong market performance and controversial developments. Recently, the official social media account of the meme X warned its users about unverified sources of information about Floki.
The post reiterated that all ideas, updates and discussions for Flokish come only from the team that developed the Floki cryptocurrency. This information can only be obtained through its official channels. Amidst all these developments, a whale investor purchased several Floki coins, sparking further speculation in the market.
Whale activity in the Floki ecosystem has caused prices to rise despite bearish market expectations. The unexpected rise has brought a glimmer of optimism, with traders anticipating further big gains. With this opinion, experts believe that Floki is among the best currencies to buy in 2024.
Conclusion
In the ever-evolving cryptocurrency market, meme coins are a staple for investors looking to diversify their portfolios. The above meme coins have the potential to be a game changer this year. However, KangaMoon provides an additional advantage to investors due to its utility token and play-for-profit concept, providing a different experience to the meme coin market.
While trying to find the best cryptocurrency investment, smart investors should do their research before purchasing any cryptocurrencies.
Discover exciting pre-sale opportunities for KangaMoon (KANG) today!
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