Which meme coin will do better this year

TL; DR

Dogecoin and Shiba Inu are the top meme coin contenders for 2024, with DOGE benefiting from support and a strong community, while SHIB has shown high annual gains. ChatGPT lists Pepe (PEPE), dogwifhat (WIF) and Bonk Inu (BONK) as prospects due to their recent price rallies and strong support base.

DOGE and SHIB are among the contenders.

The Memcoin sector has attracted the attention of industry participants over the past several months, with several assets experiencing significant price increases. They have witnessed some of the developments that have started recently. Tokens that have been part of the industry for years and the success of others.

Considering Huge Interested in the topic, we decided to ask ChatGPT which meme coin will do better in 2024. The AI-powered chatbot started its speculation with the leads. in terms of Market Capitalization – Dogecoin and Shiba Inu.

In the year Despite being created as a joke in 2013, DOGE has seen an impressive rally over the past few years, reaching an all-time high of $0.70 in 2021. Currently, it is hovering around the $0.15 mark, which represents a sharp decline from its peak but a 100% increase compared to the figures seen in May 2023.

The property has an independent community, with endorsements from high-profile figures such as Tesla CEO Elon Musk instrumental in its performance. Soon after, The EV giant officially Integrated DOGE as a payment option on the website.

Shiba Inu (SHIB) – known as the Dogecoin killer – has also made great progress. The price has increased by more than 180% per year, but a recent study in 2015 Very strong A fan base in the meme coin realm.

Its future success depends on several factors, such as the further development of the layer-2 blockchain solution – Shibarium, the burning method, adoption levels and the general interest of investors.

It is important to note that L2 network soon It was done two Main Improvements aimed at improving user experience and enabling compatibility with popular wallets including MetaMask, Coinbase Wallet and Trust Wallet. For those interested in learning more about Shibarium, feel free to watch our curated video below.

Opportunities of competitors

ChatGPT continues its forecast on PEPE, citing its strong community and recent price rally. as a Cryptopotato reportedthe frog-themed meme coin reached a new all-time high on May 15, with a market cap of nearly $5 billion.

Next, the chatbot said that Dogwhiphat (YF) and Bonk Inu (BONK) have the best chance of finishing 2024 as the niche's top performers. Both properties are built on the Solana blockchain Feelings in the past months.

WIF has received the support of prominent industry participants Arthur Hayeswhile Soon the fans of the token It's up. $650,000 to put the logo on the Sphere – a popular entertainment venue in Las Vegas, Nevada.

“WIF has gained a strong community following and significant attention on social media, which are critical to the success of Meme Coins. Its current market value and trading volume indicate strong interest from investors,” ChatGPT said.

At one point this year, WFF's market capitalization grew to nearly $5 billion, making it the third largest among the group. Currently, he It is sitting Fourth, behind PEPE.

BONK's success is just as impressive. It started making headlines after a price rally in late 2023 that started in December 2022. He was elevated. It has been ignited Significant incentives from investors and support from leading cryptocurrency exchanges. BinanceBybit and Coinbase. between Leaders who allow business services with BONK.

According to chatgpt, MemCoin could advance even further before the end of 2024 as long as it benefits from the potential growth of the Solana ecosystem.