The meme coin phenomenon that returned in 2023 is showing no sign of dying down in the early weeks of the new year, with Memeinator, Dogecoin, and Bonk all scrambling to be seen as the frontrunner to become one of the top meme coins of 2024.
Dogecoin may be the grandfather of all meme coins, having been established as the original meme coin on the market. Yet, the past few years have seen hundreds of meme coins launch, vying for their market share, which currently has a market cap of $21 billion.
Two new contenders, Memeinator and Bonk, joined the ranks of top meme coins in 2024, as mentioned in Bankless Times. Read on to determine which of these three meme coins will likely hit the jackpot this year.
What is Memeinator?
Among the dozens of new meme coins seemingly launching by the day, Memeinator has been quick out of the blocks, thanks to its unique value proposition that immediately distinguishes it from other meme coins, including Dogecoin and Bonk.
Only 172,413,793 tokens are available to purchase before Memeinator’s presale ends, and they’re selling out fast, currently in stage 13. The platform has already raised $3.7m, and experts predict it could gain parabolically when it hits exchanges, with plenty of long-term potential.
Memeinator combines gaming and humor while single-mindedly pursuing its aim of cleaning up the meme coin landscape for the better while achieving a billion-dollar market cap.
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It aims to achieve this goal by marketing itself as the Terminator of the meme coin sector, ruthlessly pursuing no-mark, subpar imitations of successful meme coins and consigning them to the crypto dustbin for good. Sent from the year 2077 to launch its noble aims, Memeinator will only end its rampage once all no-value meme coins have been eradicated from the market and it has achieved its billion-dollar valuation, making it one of the top meme coins by market cap.
How does Memeinator work?
Memeinator’s clever marketing allows it to take advantage of the boom in GameFi projects, even though it isn’t a GameFi project itself. Users can exchange their MMTR tokens to embody Memeinator in the platform’s exciting first-person shoot-em-up gaming experience, Meme Warfare, in which they seek and destroy characters based on current meme coins mined from the internet by the platform’s AI-powered Memescanner and dynamically fed into the game. With the GameFi sector expected to grow from around $12 billion to over $90 billion by 2031, according to Business Research Insights, its launch couldn’t be better timed.
In addition, Memeinator has a staking mechanism where users can stake their MMTR tokens in return for a highly attractive 45% APY. MMTR tokens can also be exchanged in return for first dibs at Memeinator’s highly anticipated new NFT project, which is currently in development and being kept closely under wraps to build excitement.
Memeinator’s development team asked its community what they would do to increase the value of MMTR tokens during the presale; they suggested token burns. So, in early December, over 129 million tokens were burned and the presale was decreased from 29 stages to 20. The resulting spike in token sales was a sign that the burn was a resounding success.
In the future, Memeinator’s team will manually trigger additional token burns on a quarterly basis to ensure the token retains its value over time.
If that’s not enough to get the community pumped, add an official merchandise store where investors can purchase Memeinator apparel to help spread the gospel about one of the top meme coins of 2024, and everything is pointing towards a very bright future for this upstart.
Memeinator price prediction 2024
Analysts are already busily looking at the likely price trajectory Memeinator will hit once the MMTR token presale concludes and the coin hits public exchanges. With the ICO already in stage 13 and coins available for just $0.0197, new investors have an enticing 48.22% in price increases to grab hold of before it takes off. With only 172,413,793 tokens remaining, interested parties must act fast to secure their holding before the ICO sells out.
Among the other incentives open to investors is a $100k MMTR token giveaway via a crypto airdrop in which ten lucky winners will gain $10k of tokens, and one fortunate presale investor will take the trip of a lifetime into outer space with an all-expenses-paid flight, worth $250k, courtesy of Virgin Galactic.
Expectations are that the MMTR price performance in 2024 will eclipse Dogecoin price predictions as this new token captures the imagination before the next expected bull market in 2025. Experts predict that the coin could increase by at least 50x this year from its ICO launch price of $0.01, meaning it will be halfway to achieving its aim of a $1 billion market cap by the end of 2024.
Dogecoin price prediction 2024
Dogecoin has been the standard by which all top meme coins are compared since it launched over a decade ago. However, recent price performance in the second half of 2023 suggests its primacy is threatened. The chart below shows Dogecoin’s price trajectory compared with Bitcoin (BTC), the barometer by which other coins are measured.
The trend suggests that Dogecoin’s price is lagging in contrast to general market movements, which could mean a struggling performance in 2024. Indeed, Dogecoin price predictions are much more moderate than Memeinator’s, relying on celebrity endorsements that are no longer guaranteed.
As a result, the dream of DOGE hitting the dollar mark is nothing more than a pipe dream in the early weeks of 2024, and analysts likely see slight improvement throughout the year.
In the past 30 days, Dogecoin’s market cap fell from a high of $13.81 billion to its current $11.54 billion.
Despite this recent downward trend, with the price of DOGE sitting at $0.08154 or down 15% in 30 days, Dogecoin could still rally in 2024. The upcoming Bitcoin ETF and Bitcoin halving will likely boost the market as a whole. Experts predict Dogecoin could rebound by 40-50%, hitting a price of $0.1276 by the year’s end.
Bonk price prediction 2024
Bonk (BONK) was launched in December 2022 on the Solana blockchain to revitalize Solana’s flagging fortunes and breathe new life into its tired community. Drawing its inspiration from Dogecoin and Shiba Inu, Bonk focused heavily on engaging its members with a promise to facilitate DeFi and NFT trading within the Solana network.
Bonk’s market cap quickly soared, hitting $1.49 billion on December 15th, with a token price of $0.0000001487. Its market cap right now is $8.87 million and its price is $0.00001401 – an over 12,000% increase since Bonk was airdropped.
While the price has recovered from its recent low of $0.000009702, recent partnerships with Solana dApps and new staking rewards have been announced, signaling that Solana is working hard to maintain the value of Bonk tokens for investors.
Indeed, analysts forecast similar sluggish price performance, more aligned with Dogecoin price predictions for 2024 than Memeinator. The recent improvement is not necessarily aligned with a sustained upward trajectory, with the token’s high volatility influencing the moderate forecasts for the year ahead more than any confidence that Bonk will deliver stable long-term growth.
Can Memeinator become one of the top meme coins in 2024?
As the meme coin sector continues to grow, investors are looking for the next potential million-dollar ROI. Bonk has already seen a more than 12,000% price increase and Dogecoin has made many a crypto millionaire during its heyday. While Bonk and Dogecoin have experienced massive gains in the past, given their large market caps and the fact that their big successes seem to have peaked over recent months/years, they might not have the same future potential as Memeinator.
Memeinator’s unique and single-minded vision could make it one of the top meme coins in 2024, especially if it enjoys the same gains seen by other meme coins – even those that have very little utility in comparison.
Investors wanting to enter the meme coin market should act now, as the MMTR ICO is selling out fast. With time running out to get hold of these upstart meme coin tokens, any delay could cost significant returns as Memeinator likely goes parabolic in 2024.
To buy Memeinator (MMTR), visit the official Memeinator website.
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Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.