The market is excited again, leading to the growth of many new trends and meme coin is no exception. Let's find out what meme coin is and the list of meme coins that are likely to explode in 2024!
So what is meme coin?
Memes are a type of cryptocurrency that often derive their value and appeal from internet culture, humor, and social media virality rather than technical advancements or underlying utility.
List of Meme coins that are likely to explode in 2024
1. Dogecoin (DOGE): Initially created as a joke, Dogecoin has attracted a significant following and been embraced by celebrities, significantly affecting its value.
2. Shiba Inu (SHIB): Dubbed the "Dogecoin killer", Shiba Inu has established a fervent community. Its ecosystem has expanded to include DeFi applications, adding layers to its original meme coin status.
3. Pepe (Pepe): Pepe (PEPE) is a meme coin built on the Ethereum network. This project uses a green frog as its logo, which is already very famous on the internet
4. Bonk (BONK): Bonk is the first "dog and cat system" memecoin project on the Solana blockchain, specializing in community support and focusing on attracting users back to the platform. Bonk was born at the end of 2022
With every day new meme coins entering the market and traders hoping to replicate the returns of DOGE and SHIB, it is important to do your own research (DYOR) before committing to any coin. Which meme? Remember that meme coins are more volatile than other digital currencies.
