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The crypto space is enjoying one of its best-ever bullish phases despite a recent pullback, which analysts say is normal for the market to grow. This explosive growth can be seen when Bitcoin (BTC) hit an all-time high. Interestingly, it is more relevant to the meme coin market than most users might notice. In most cases, what is good for Bitcoin proves to be great for altcoins, especially meme coins.
The reason for this market dynamics is profit-taking. The trend happens when Bitcoin pumps. Investors take some of their profits and invest it elsewhere in the market. This time, it seems like the meme coin space will be where most of that money is going.
2024 could be the year of these meme coins. The meme market exploded in March, notably gaining 30% in a day only at the start of the month. The market fundamentals show lots of potential, mostly now that most investors are rushing to trade and invest in the sector.
If you want to invest in the meme market, here is a list of 8 best meme coins to buy now.
1. Dogecoin20 (DOGE20)
2. Sponge V2 ($SPONGEV2)
3. PEEN ($PEEN)
4. DogWifCat (DWIFC)
5. Frog Wif Hat ($FWIF
6. Shiba Inu (SHIB)
7. Pepe Coin (PEPE)
8. Floki Inu (FLOKI)
Dogecoin20 (DOGE20): The Eco-Friendly DOGE Successor with High Staking Rewards
Dogecoin20 (DOGE20) is not another DOGE successor. Despite belonging to the same lineage, Dogecoin20 focuses on offering investors utility. The project is eco-friendly and highly adaptable compared to the original DOGE. Dogecoin20 is supported on the Ethereum blockchain and works on a Proof-of-Stake network.
Additionally, this project is designed with a fixed supply, which enables unlimited upward pressure on the token’s price. Hence, there is no fear of inflation when users invest in DOGE20. Additionally, the staking mechanism allows the holders to participate actively in the network as they earn various rewards. The holders contribute significantly to the project’s security, stability, and growth via on-chain staking. The current rewards through staking are 226%.
Dogecoin20 is on presale and has raised over $3.9 million in funding. This project is near the next presale stage and has a significant price increase. If you want to invest, now is a great time to buy the meme coin before its price explodes and becomes excessively expensive.
Sponge V2: Staking Success and Potential 100X Growth with Play-to-Earn Game and CEX Listings
Since it was introduced to the market, Sponge V2 has already staked over 9,138,851,394 tokens. The total value of staked tokens is more than $27.8 million. In case you lock your SPONGEV2 coins, you earn up to 172% rewards rate on Ethereum and 409% on Polygon.
Analysts say Sponge V2 can follow BONK’s success path and gain over 100% once it features on multiple CEX listings. Another factor that will impact SPONGEV2’s price is the release of its play-to-earn (P2E) game. Its blockchain-based game will enable gamers to purchase credits and access the paid gameplay models.
Sponge V2 price forecasts say the meme coin is poised for 100X growth and might hit $0.0075 by 2025 and $0.011 by 2030. If you missed gains from SpongeBob Token, Sponge V2 could be your chance for massive ROI. For those who missed the gains offered by SpongeBob Token, Sponge V2 might provide an opportunity for massive ROI.
Peen Token (PEEN): The Adult-Themed Meme Coin Surging with Explosive Potential
Meme coin investors always prefer a crude joke regarding their projects. In that context, Peen Token (PEEN) is a meme coin powered by such fundamentals. Whenever users visit the Peen Token website, they say it resembles most high school students’ copybooks.
According to developers, the project will not need any pumping to thrive. The core mission of this project is to hit a $100 million market cap and offer its investors a massive return on their investment. Each investor is reminded of their inner teenager, which means this coin is destined to explode.
PEEN, a new meme coin, made headlines by surging by at least 300% within minutes of its launch on March 5, 2024, helping attract increased investor attention. Famous for its adult-themed humor, Peen coin can be purchased on Uniswap DEX. With a supply of 919 million PEEN, the project offers a high-reward investment opportunity in the coming months. PEEN tokens are available at $0.0001137, and users can purchase them now to enjoy massive gains in the coming weeks.
DogWifCat (DWIFC): The Explosive New Meme Coin on Solana with Over $13.5 Million Market Cap
As the Solana network becomes a host for many meme coins, we have seen the massive success of many animal-themed projects. A new highly explosive meme coin, DogWifCat (DWIFC), entered the scene and enjoyed a great start less than 24 hours after launch. Unlike the other Solana meme coins, it swapped the “Wif-hat” riff for a rhyming word, “Wif-cat,” which includes a unique allure to its appeal.
This token has a market cap of over $13.5 million and boasts a trading volume of over $7 million since its launch. Furthermore, the project has at least 1,650 DWIFC token holders, attracting investors and whales on DEX (Decentralized Exchange) platforms like Raydium and Jupiter.
This Solana-based meme project launched on DEXs and is already thriving. Since the launch of DogWifCat, it has grown by at least 2900%, reaching $0.0135. This project has a supply of 1 billion, and the fun and memorable branding appears promising.
Its early performance suggests this project has great potential and is one of the best meme coins to buy now. Ensure that you invest early to enjoy DogWifCat’s massive success.
FrogWifHat (FWIF): A Meme Coin with Pepe-Inspired Twist and Potential for Massive Gains
FrogWifHat (FWIF) is the purest form of meme coin because no fancy attachments are involved in this project. A meme coin exists primarily for gains. Interestingly, it is a throwback coin similar to Pepe (PEPE). It makes sense since there are rumors that the people who made Pepe successful are involved with FrogWifHat.
That is not where the similarities with Pepe stop. FrogWifHat also features a frog meme coin but is designed with a big twist. Accompanied by a beret, a glass of wine, and a baguette, the frog is as French as they can be. On that note, investors will love the meme coin as much as the frog dislikes American tourists.
In that context, the project is following DogWifHat’s lead, another highly successful meme coin from Solana’s network. FrogWifHat might also enjoy massive gains as its guarantee to surge is unmatchable.
Shiba Inu (SHIB) Shows Bullish Sentiment Despite Price Drop: Meme Count Set to Explode in 2024
Despite the recent drop in its price, Shiba Inu’s (SHIB) sentiment is still bullish. The meme count is set to explode to 100X in 2024, showing considerable activity with 73% green days in the past 30 days. Technical market indicators are high, reaching 96.35 and showing some bullish outlook. The analytics indicate that it might be a great time for users to invest in SHIB, considering its massive growth potential.
Pepe Coin (PEPE) is a Top Meme Project: Can Gain 62% by March End
Pepe Coin (PEPE) is the top meme project on the Ethereum blockchain. This project resulted in the recent meme coin rush, rising 15% in the past 24 hours. In the first week of March 2024, Pepe Coin gained nearly 350%, giving millions to investors who invested $3000 in the project several weeks before.
Analysts predict that PEPE will rise by up to 62% by the end of March 2024. If that happens, Pepe might surge to $0.00001077.
Floki Inu (FLOKI) Surges with Bullish Sentiment: Fear & Greed Index Hits 80+
Floki Inu’s (FLOKI) market statistics indicate a bullish sentiment, with the Fear & Greed Index above 80. This project gained over 530% in March, reaching an all-time high of $0.31. It means that investors are currently buying this meme coin extensively. Interestingly, the project’s price increased by 32.79% to $0.0002439. Experts say that FLOKI will reach $0.00026 by March 25.
The Takeaway
The eight meme coins listed are great buys now, with guaranteed massive gains in the coming bull cycle. Their active trading and positive sentiments make them great investments in 2024. In case you want to select the best projects, this list is the perfect starting point. These projects offer utility and huge rewards while trading at lower prices.
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Serena James has worked as a writer for different media houses in the past. Currently, she is working as a fundamental writer for thecoinrepublic, covering decentralized finance. When she isn’t writing, she can be found skimming and scanning Twitter and other websites to produce mind blowing breaking stories.
