3 Meme Currencies That Will Surpass Shib in the Year 2024

In the past few months, prominent cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) have been in the spotlight due to various developments in the crypto market, regulations, and technology. However, meme coins continue to maintain their significance.

Indeed, as investors become increasingly positive and pour additional funds into the cryptocurrency market, meme coins are expected to experience a boost in both their significance and value.

At last, with the Bitcoin halving anticipated to boost the worth of numerous coins and tokens, and April 1 expected to support some meme coins in reaching new all-time peaks, Finbold opted to explore a selection of the top internet-joke-inspired cryptocurrencies aside from the renowned Shiba Inu (SHIB).

Dogecoin (DOGE)

When discussing meme coins that have potential in a particular year, it would be difficult to avoid mentioning Dogecoin (DOGE), the pioneering digital currency with a dog-themed design. Dogecoin is the largest in its category, with a market capitalization that exceeds $12 billion.

By virtue of the fact that it has been present in the cryptocurrency market for a decade, Dogecoin has proven its durability. Additionally, the fact that it surpassed one million daily transactions in February further substantiated its ongoing significance.

DOGE has an additional rare advantage in its corner: it is supported by the billionaire Elon Musk. In fact, it received a significant boost from him in April when he briefly changed the logo of his social media platform, X, to an image of a Shiba Inu dog. This was a significant boost for DOGE.

There’s no certainty that Musk will repeat a similar prank in April. Still, there’s a good possibility that the anticipation of it will further boost the already significant interest in the cryptocurrency.

Regarding the most recent results, Dogecoin has primarily experienced a downward trend in 2024. However, the latest pattern has been fluctuating yet optimistic, with the meme coin showing an 8.72% increase in the past 30 days and a 6.76% rise in the last week.

Bonk (BONK)

Bonk (BONK), the first meme coin on the Solana blockchain – with its native token SOL being a strong candidate for one of the top performers in 2024 – is poised for substantial growth in the coming months.

The humble dog-inspired token gained popularity among cryptocurrency fans when it was revealed that each Solana Saga device held around $10 worth of the token. Combined with BONK’s sudden increase in 2023, an uncommon chance for arbitrage emerged when the digital currency on the device surpassed its market price.

As a result, BONK’s value surged, remaining significantly higher than its initial price, and this boost contributed to the quick sell-out of Saga smartphones.

The price of Bonk has stabilized a bit, although it did show a positive performance in the past month, increasing by 8.98% during that period. Moreover, it has increased by 0.75% over the past week, yet it has dropped by as much as 4.34% in the last day. The current cost is $0.00001254 per unit.

Pepecoin (PEPE)

Upon its release in the spring of 2023, Pepecoin (PEPE) – a cryptocurrency inspired by frogs – caused a sensation in the digital currency community and resulted in the emergence of numerous wealthy individuals, including one who reportedly transformed a modest $26 investment into more than $1 million.

Although PEPE’s brief spike was fleeting yet striking, it maintained its significance for fans of meme coins, indicating that it still has the potential to emerge as a critical gainer in the anticipated cryptocurrency bull run in 2024.

Pepecoin experienced a substantial boost in 2024 when Robinhood (NASDAQ: HOOD) made it available to its EU customers in February, expanding its potential trader base.

PEPE has shown satisfactory performance in the initial months of the year, with a 5.32% increase in the last 30 days, even after experiencing a notable drop in early February.

The past week of trading has been exceptionally robust, and the meme cryptocurrency has gained 10.67% in value – mainly attributed to being listed on Robinhood. Over the past day of trading, the value decreased by 2.50% to $0.000001177.