DOGE, PEPE, SHIB, WIF, these meme coins will explode 20 times in June this year. Which one will perform best?

Dogecoin and Shiba Inu are the top contenders for memecoin in 2024, with DOGE benefiting from endorsements and a strong community, while SHIB is showing significant yearly gains.
ChatGPT also outlines opportunities in Pepe (PEPE), dogwifhat (WIF), and Bonk Inu (BONK) due to their recent price gains and solid support bases.
DOGE and SHIB are competitorsThe memecoin industry has attracted attention from industry players over the past few months, with numerous assets experiencing significant price increases. This niche has seen the advancement of some recently launched tokens as well as the success of others that have been a part of the industry over the years.
Given the huge interest in this topic, we decided to ask ChatGPT which meme coin will perform best in 2024. The AI-powered chatbot began by assessing the market cap leaders — Dogecoin and Shiba Inu.
Despite being created as a joke in 2013, DOGE has seen a phenomenal rise over the past few years and reached an all-time high of over $0.70 in 2021. Currently, it is hovering around the $0.15 mark, which means a significant drop from the peak but also a 100% increase compared to the figures observed in May 2023.
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DOGE Price
The asset has a loyal community, and endorsements from big names like Tesla CEO Elon Musk are also good for its performance. Not long ago, the electric car giant officially included DOGE as a payment option on its website.
Shiba Inu (SHIB), known as the Dogecoin killer, has also made great strides. Its price has risen by more than 180% year-on-year, and a recent study estimated that it has the strongest supporter base in the memecoin space.
SHIB Price
Its future success depends on a variety of factors, such as further development of its second-layer blockchain solution Shibarium, its burn mechanism, adoption levels and overall investor interest.
Notably, the L2 network recently underwent two major upgrades aimed at improving user experience and compatibility with popular wallets including MetaMask, Coinbase Wallet, and Trust Wallet.
Opportunities for competitorsChatGPT continues its prediction for Pepe (PEPE), pointing to its stable community and recent price gains. As reported by CryptoPotato, the frog-themed meme token hit an all-time high on May 15, approaching the $5 billion market cap milestone.
The chatbot then claims that dogwifhat (WIF) and Bonk Inu (BONK) also have a chance to be top performers in the niche by the end of 2024. Both assets are built on the Solana blockchain and have made a splash in the past few months.
WIF has received support from prominent industry players such as Arthur Hayes, while fans of the token recently raised $650,000 to place its logo on the Sphere, a famous entertainment venue in Las Vegas, Nevada.
"WIF has gained a strong community following and high social media attention, which is critical to the success of a memecoin. Its current market capitalization and trading volume indicate strong investor interest," said ChatGPT.
This year, WIF’s market value soared to nearly $5 billion, making it the third-largest company of its kind. It currently ranks fourth, behind PEPE.
WIF Market Cap
BONK’s success is equally impressive. Launched in December 2022, it started making headlines by the end of 2023 after an exponential rise in price. Its rise was fueled by heavy investor hype and support from leading cryptocurrency exchanges. Binance, Bybit, and Coinbase are among the leaders that allow trading services using BONK.
According to ChatGPT, the meme coin could see further gains before the end of 2024, as long as it benefits from the potential growth of the Solana ecosystem.