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Top Meme Coin to Keep an Eye on in Late 2024

While investing in top meme coins can be highly speculative and risky, they have gained considerable traction due to their potential for astronomical returns. Let’s explore some of the most notable meme coins in 2024 worth considering for investment.

1. How was the top meme coin price in 2024?

Since December 2023, the trading volume of top meme coins has been on a robust upward trend. On March 1, 2024, the trading volume of meme coins skyrocketed to 641 million USD, showcasing a dramatic increase in market optimism.

As we approach late 2024, the meme coin market is set for explosive growth. With Bitcoin halving and a strong bullish trend in the crypto realm, experts anticipate that top meme coins could lead the charge in the upcoming bull cycle.

2. 2024 top meme coin list

As one of the largest cryptocurrency exchanges in the US, PMCPAY hosts many potential meme coins for investors. Let’s dive into the top meme coins to keep an eye on in late 2024!

Bonk (BONK)

Bonk is the first meme coin launched on the Solana blockchain has skyrocketed to become one of 2024’s standout projects, reaching a $2.7 billion market cap by May 2024. After a staggering 7,300% gain in the past year, Bonk has swiftly joined the ranks of top meme coins like SHIB and DOGE.

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With a maximum supply of 93 trillion tokens  and 70% currently in circulation, BONK’s value is mostly speculative, fueled by community enthusiasm and online buzz.

Despite this, the BONK ecosystem has developed many products like Bonk Swap, Bonk Reward, and Bonk BOT. These projects expand the BONK ecosystem, giving it more meaning than a mere meme coin.

WIF (Dogwifhat)

Dogwifhat, a meme coin launched on Solana, was inspired by a meme featuring a Shiba dog in a pink knitted hat.

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Dogwifhat has a maximum supply of more than 998.9 million tokens, but they don’t have any plans to burn or offer any staking rewards. This top meme coin captures the essence of meme coins by relying on community enthusiasm rather than functional applications.

WIF debuted at approximately $0.001555 in December 2023, spiked to $0.30, then fell to $0.08 in January. By late February, its price skyrocketed from $0.30 to over $2 within two weeks, showcasing the volatile nature of meme coins.

FLOKI (Floki)

Floki is not just a meme coin but also a utility token within the Floki Inu ecosystem. Similar to SHIB, FLOKI adopts a deflationary model with automatic burns to decrease its supply.

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What distinguishes FLOKI is its multi-chain capability, enabling use across both BNB Chain and Ethereum. Unlike other top meme coins such as DOGE and SHIB, Floki is committed to practical utility through its key projects: FlokiPlaces, FlokiFi, University of Floki, and Valhalla.

This innovative approach boosts FLOKI’s demand as it continues to grow its ecosystem in 2024.

PEPE (Pepecoin)

Pepe Coin exploded into the crypto realm in 2023, revitalizing the meme coin market during a lull. Since its April 2023 launch, it swiftly gained traction, achieving a market cap of over $1 billion within three weeks.

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The core strength of Pepe Coin lies in its vibrant community, boasting over 530,000 followers on X and active presences on Discord, Telegram, and Reddit. Their upcoming plans include the launch of Pepe Academy and exclusive merchandise, aiming to broaden its ecosystem and reinforce its market position.

As of July 27, 2024, PEPE is trading at $0.00001206, roughly 70% of its ATH ($0.00001718).

SHIB (Shiba Inu)

Shiba Inu (SHIB) was launched in 2020 by an anonymous developer known as RYOSHI. Unlike many other top meme coins, SHIB’s creators did not reserve any tokens for themselves, ensuring a level playing field for all buyers.

Although SHIB had a modest start, it surged in popularity in March 2021 following a tweet from Elon Musk expressing interest in a Shiba puppy. This caused SHIB to climb into the top 20 cryptocurrencies by market capitalization, with its value skyrocketing 2,000% in just five days and over 27 million percent from January to October 2021.

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Shiba Inu made headlines in 2023 with unprecedented token burns, a strategy designed to reduce supply and increase the price of the remaining tokens. More than 76 billion SHIB tokens were burned during the year, with a significant increase in the burn rate occurring toward its conclusion.

The highlight of SHIB in 2024 in collaboration with Web3 startup D3 Global was the foundation of digital identity through their top-level domain names (.SHIB). This project aims to bridge Web3 and Web2, allowing its holders to use customizable domain names across different platforms (dApps, online stores, email clients…)

DOGE (Dogecoin)

Since its debut in 2013, Dogecoin has remained a leading player in the meme coin arena. Initially created as a joke, DOGE is characterized by its Shiba dog logo from a famous internet meme. 

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Unlike many top meme coins, Dogecoin is created with an abundant supply in mind, with 10,000 new coins added every minute and no cap on the total supply. This vast supply contributes to its low individual value but establishes a strong market presence. As of April 2024, more than 140 billion of DOGE are in circulation.

The coin gained further traction through endorsements from Elon Musk, whose tweets and public mentions sparked a 7,000 percent price increase in early 2021. Despite its origins as a joke and its historically low price, DOGE remains a favorite among investors.

Conclusion 

As we move toward the end of 2024, the top meme coin market continues to captivate with its blend of community-driven hype and speculative excitement. Stay tuned to FMCPAY for the latest crypto insights and updates!

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