The meme coins frenzy has made a great comeback with Shiba Inu (SHIB) and Dogwifhat (WIF) breaking records. Moreover, crypto analysts have provided a positive outlook for popular meme coins. Hence, here’s a list of top 5 meme coins that could offer 100x returns in 2024.
Shiba Inu ( $SHIB )
Although Dogecoin (DOGE) is the largest meme crypto, Shiba Inu tops the list owing to its unprecedented gains lately. The SHIB crypto surged nearly 264% in the last 30 days. Furthermore, it leaped forward to attain a spot in the top 10 cryptocurrencies by market. In addition, the gap between Dogecoin and Shiba Inu market cap has lessened, reaffirming SHIB’s potential as the “Dogecoin Killer.”
Shiba Inu 1-month Graph, Source: CoinMarketCap
Moreover, crypto analysts have even been eyeing a $1 target for Shiba Inu. However, at press time, the SHIB price registered a pullback of 11.51% and was valued at $0.00003215. Whilst, the meme coin boasted a market valuation of $18.86 billion.
Furthermore, Shytoshi Kusama, Shiba Inu’s lead developer, recently took to a post on X, drawing attention to the byproduct of the merger with D3 Inc., the SHIB name service. According to the post shared on March 7, the SHIB name service is all set to witness sales, with phenomenal discounts in its early stages, Kusama posted with a tint of sarcasm.
Dogecoin ( $DOGE )
Dogecoin is the largest meme crypto by market cap and displays a strong potential for growth in 2024. The DOGE crypto price soared 98% in a month as meme coins grabbed the spotlight again. On the contrary, Dogecoin mirrored Shiba Inu’s downtrend and dropped by 8.68% to $0.154 at the time of writing with a $22.06 billion market cap.
The recent slump aligns with Coingape’s latest Dogecoin price analysis, which indicated a possible pullback. As reported earlier, the Dogecoin price could encounter resistance levels at $0.2 and $0.22. Moreover, potential correction can be anticipated with support around $0.15 and $0.105 respectively.
Dogwifhat ( $WIF )
Dogwifhat, a Solana-based meme crypto, caught investors eyeballs with its gigantic surge lately. The WIF crypto price soared 113% in just seven days, giving tiff competition to DOGE and SHIB. Furthermore, the Dogwifhat price attained an all-time high of $2.23 after its listing on Binance, the leading crypto exchange. In addition, the WIF price skyrocketed by a whopping 887% in a month, making it one of the top meme coins with 100x potential.
Two notable Dogwifhat whale transactions have garnered attention within the cryptocurrency community, as reported by Lookonchain. In the first instance, a wallet address, 87Hnwj, acquired 1.82 million WIF tokens for 23,400 $SOL, totaling approximately $3.06 million, at a token price of $1.69. Subsequently, another whale, identified by the address GjRacG, purchased 1.15 million WIF tokens for 14,732 $SOL, equivalent to $1.93 million, at a rate of $1.67 per token.
These transactions, totaling $5 million for 2.97 million WIF tokens, signify robust investor confidence in WIF’s potential, utilizing the Solana blockchain for these significant investments. This activity underscores the strategic moves made by whales in the crypto market, reflecting their optimistic stance on WIF’s future performance.
Pepe Coin ( #PEPE )
Pepe Coin, a frog-faced meme token, has stirred the crypto market with its exceptional gains. Despite the various pullbacks, the PEPE crypto price managed to surge 622% in 30 days. Moreover, it recorded a fresh all-time high at $0.000008585 before slumping significantly.
Bonk ( #BONK )
Bonk, another Solana meme coin, is a fairly new entrant but managed to outpace other dog-faced cryptocurrencies. The Bonk price jumped 194% in value within a month with a market valuation of $1.91 billion. Furthermore, Bonk grabbed the Meme Coin of the Year Award in 2024 by CoinMarketCap, further emphasizing its robust potential.
