Dogecoin (#DOGE )

Dogecoin ($DOGE ), the top memecoin by market cap, exploded in recent weeks to become the 7th largest crypto with a market cap exceeding $57.3 billion.

Dogecoin (DOGE) is undoubtedly following BTC’s trajectory, surging over 180% in the past month and trading at $0.3901.DOGE quickly rose through the ranks to become a household name in the crypto industry, owing its success to a strong community and endless potential. DOGE began its journey in the industry as a joke but has transitioned into a legitimate investment opportunity with excellent profit potential. The memecoin skyrocketed with the involvement and endorsement of Elon Musk.

Musk, the world’s richest man with a net worth exceeding $300 billion, is the CEO of Tesla, owner of social media platform X (formerly Twitter), and one of the president-elect’s most prominent supporters. The tech wizard joined the Trump campaign and was integral to Trump’s victory, and his involvement with the republican party could see DOGE run to new highs in the coming months. DOGE’s surge stepped into overdrive after Donald Trump released a statement revealing that Elon Musk and Vivek Ramaswamy will lead the Department of Government Efficiency, or DOGE. According to Trump, DOGE will pave the way for his administration to “dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditure, and restructure Federal Agencies – Essential to the “Save America” Movement.”

Shiba Inu ($SHIB )

Shiba Inu (#SHIB ) is one of the top-selling memecoins with a market cap exceeding $11 billion. The decentralized community-led token and its reputation as the “Dogecoin Killer” has yielded impressive rewards in the past year, gaining over 128%. SHIB is also a proud member of the Solana network and is Husky Inu’s best friend. The memecoin quickly rose to fame in the crypto industry and has since become a household name. SHIB, launched in 2020, is currently the 11th largest crypto by market cap and the second biggest memecoin after Dogecoin (DOGE). This decentralized, community-led project and its native token, SHIB, quickly gained the attention of its dedicated community of investors thanks to its charm and support from industry giants such as Ethereum co-founder Vitalik Buterin and Tesla CEO Elon Musk. SHIB gained over 33% over the month and appears ready to explode in the next bull cycle.

Pepe (#PEPE )

Pepe ($PEPE ) is a fan favourite among crypto investors, gaining a whopping 1,659% in the past year. The project is currently the third largest memecoin by market cap and quickly gained infamy for being a tribute to the 2000s internet meme sensation Pepe the Frog. Pepe’s likeability and continued reward streak should be enough to add to your portfolio. Pepe (PEPE) has developed a robust community and is gaining traction in the meme coin arena. Its rapid ascent has drawn parallels with other popular meme tokens, and future projections remain highly optimistic. Expectations are set for PEPE to potentially increase by over 2100% by 2030, making it an attractive option for those interested in meme coins' speculative aspects.

Pepe has also handsomely gained since the Trump victory, gaining over 54% in the past week.

#MemeWatch2024 #mememcoinseason2024