Top 5 Meme Coins to Watch in 2024: Will These Be Bigger than Bitcoin?

Meme coins have been a constant and exciting part of the cryptocurrency industry for a long time. It all started with Dogecoin (DOGE), but quickly grew into a thriving ecosystem centered around memories, jokes, and community building.

Some meme coin projects have taken it to another level, creating blockchain solutions that can be used as layer-two networks, wallets, decentralized exchanges and whatnot.

Others are more into jokes and jokes and are mainly focused on building communities.

In the following, we will look at the most interesting meme coins that will appear in 2024, and we will also find answers to the question of whether or not they can surpass Bitcoin.

Dogecoin (DOGE)

Think of Dogecoin as the father of meme coins. It was the first widely recognized meme coin created as a joke. Built by Billy Marcus and Jackson Palmer since 2013.

Dogecoin has one of the largest communities in the industry and has attracted celebrities such as Tesla, SpaceX and X (Twitter) billionaire owner – Elon Musk.

Musk has stated on several occasions that he is a supporter of the cryptocurrency and is actively helping its development.

DOGE is always a prerequisite for volatility in the market. Whenever it starts to move, it's time for traders to know to expect action. 2024 is believed by many to be the year of a major bull run as the Bitcoin halving will take place in April.

If that turns out to be true, the DOGE could be one of the commemorative coins to watch. Will it reach the desired goal of $1? Only time will tell.

You can find a complete guide on Dogecoin here.

Shiba Inu (SHIB)

Dogecoin's hegemony has resulted in the appearance of several meme coins that aim to claim some (or all) of its supremacy. The first person to do it successfully was a Shiba Inu (SHIB).

As SHIB reached a total capitalization in the tens of billions, it made several millionaires in the previous bull market. Small investments of a few hundred dollars turned into hundreds of thousands, if not millions.

Unlike other meme coins that rise to prominence only to fade into instant oblivion, SHIB stuck around. After several leadership changes and back-and-forths, the team behind it is currently building a complete ecosystem that includes Shibarium – a layer-two blockchain solution – and many other applications.

SHIB is unpredictable like any other meme coin, but with its built-in burn mechanism, an angry bull market in 2024 could cause a lot of volatility in its price. You can learn more about Shibarium here.

Dogwift (WIF)

We're making Dogwifhat (WIF) the number three hottest meme coin to watch in 2024 because it's the newbie on the block.

WIF started because most meme coins centered around a funny meme of a dog in a hat – hence the name. Meme Coin is built on Solana and is currently one of the largest on the network, growing tens of thousands of owners.

WIF is known for its volatility, charting new highs and falling 30-40% every two weeks. This does not discourage the community, which is constantly waiting for new members to wear this hat. Even Arthur Hayes – the former CEO and one of the co-founders of BitMEX – tweeted about it some time ago.

Dogwhiphat is a meme coin in the truest spirit of the word – the developer has supposedly sold all its tokens and the supply is currently in the hands of its fans. WIF has nothing built around it but an abundance of memories and jokes.

With Solana's ecosystem thriving over the past few months, meme coins built on top of it are definitely worth a look in 2024.

BONK

BONK is the OG meme coin on Solana. In the year It took the world by storm in 2023, exploding to a market capitalization of nearly $2 billion.

An interesting fact about BONK is that it was featured in Solana Saga phones that were released a while ago. Back then, the team included $10 worth of BONK in those phones as a player gift to SAGA phone users and possibly a way into the ecosystem.

Fast forward to 2023, and that $10 gift was worth a few hundred dollars — more than the phone's retail value. This led to a flurry of demand, driving the price of the Saga phone to nearly $5000 on eBay.

Whether BONK will be able to regain its 2023 all-time high remains to be seen, but the cryptocurrency has certainly proven to be one to watch in an angry bull market scenario.

PEPE Coin (PEPE)

If you've paid attention to the previous four meme coins – you'll notice they all share a common theme – they're dog-centric.

Well, PEPE breaks the trend by introducing the first high performance frog themed meme coin.

In the year It was launched in mid-April 2023 and reached a market cap of over $420 million in less than three weeks.

As you might have guessed, there is an obvious reference to the Pepe the Frog meme, although the official website clearly makes no claims about PEPE's association with Pepe the Frog.

You can find detailed information about meme coins in our video:

Are these better than Bitcoin?

Meme coins are incredibly volatile and their performance is different from other cryptocurrencies like Bitcoin. We decided to check with chatgpt on the matter and asked if the above will perform better than BTC in 2024.

ChatGPT says the meme coin market has high speculation and uncertainty in the coming year, citing five things:

Market sentiment and adoption Bitcoin position Utility and use cases Regulatory environment Market dynamics

The chatbot concluded.

While meme coins can experience sudden and dramatic price increases, they also carry higher risks and are more susceptible to fluctuations in market sentiment. Bitcoin's more established status may present a different risk-reward profile.