Top BNB Meme Coins to Buy in 2024: Exploring Potential and Price Predictions
As we step into 2024, the Binance Smart Chain (BNB Chain) continues to be a robust ecosystem for the development of decentralized finance (DeFi), NFTs, and memecoins. While these coins may have started as internet jokes, many have grown to become significant players in the crypto world. Memecoins have a unique way of leveraging community-driven growth, which often results in massive market movements.
In this article, we’ll explore some of the top BNB chain memecoins to watch out for in 2024, evaluating their potential and offering realistic price predictions for the year.
SafeMoon exploded in popularity in 2021 due to its innovative tokenomics, designed to reward long-term holders through a reflection mechanism. Though the hype around SafeMoon has cooled in recent years, it remains a community-driven token on the BNB Chain with significant trading volume.
Price Prediction for 2024 SafeMoon’s strong community presence and upcoming developments such as the SafeMoon Exchange could keep it in the spotlight. Realistically, it might not achieve the astronomical highs of 2021, but if development progresses well, a price target of $0.000005 to $0.00001 could be feasible in 2024. 2. Simon Cat #CAT
Simon Cat (CAT) is a newer entry in the memecoin scene but has quickly gained traction thanks to its clever branding and partnerships with influencers. As a BNB Chain memecoin, it’s benefited from the low transaction fees and quick settlement times of the network.
Price Prediction for 2024 With the growing interest in meme-themed projects, CAT could see significant growth in 2024. A reasonable price expectation would be in the range of $0.00001 to $0.0005, especially if it capitalizes on its marketing and influencer backing.
No list of meme coins would be complete without Dogecoin, the original meme cryptocurrency. While Dogecoin doesn’t directly live on the BNB Chain, it has a wrapped version (wDOGE) that allows BNB Chain users to participate in the fun. Price Prediction for 2024 Dogecoin continues to be driven largely by hype, particularly from high-profile endorsements like Elon Musk. While its long-term price potential is debated, in 2024, we could realistically expect DOGE to trade between $0.9 and $.01 if market sentiment remains positive. 4. Baby DogeCoin #BABYDOGE
Baby DogeCoin is another memecoin with a strong community behind it. Born as a spin-off of Dogecoin, it has seen impressive gains in the past. With features like automatic burns and rewards for holders, Baby Doge has found a solid niche.
Price Prediction for 2024
The burn mechanism will continue to drive Baby Doge’s deflationary properties, and with a loyal community, the token could see incremental growth. A realistic price range could be $0.00000002 to $0.000000005 in 2024, especially if further utility or partnerships are developed.
Rich Quack (QUACK) has made a name for itself as a hyper-deflationary token with a dedicated community that believes in the project’s long-term value. It focuses on rewards for holders and has a lottery feature that adds an element of gamification to its tokenomics. Price Prediction for 2024: If Rich Quack continues to evolve and deliver on its promises, it could achieve steady growth. A potential price prediction for QUACK in 2024 could be $0.000000001 to $0.000000002, depending on overall market sentiment and ecosystem developments.
6. Floki Inu ( FLOKI INU )
Floki Inu was inspired by Elon Musk’s Shiba Inu dog named Floki. Like Baby Doge and other dog-themed coins, Floki Inu has a loyal following. What sets FLOKI apart is its efforts to create real utility through partnerships and the development of its own metaverse project, Valhalla. Price Prediction for 2024: FLOKI’s price could see an uptick in 2024, especially if Valhalla gains traction. A realistic price target could be $0.0009 to $0.00005, contingent on the success of their gaming and metaverse initiatives.
The Future of Memecoins on BNB Chain The memecoin market is highly volatile, driven by social media trends, influencer endorsements, and community hype. However, many BNB Chain memecoins are evolving beyond just jokes, incorporating real use cases like DeFi, NFTs, and play-to-earn ecosystems. This shift gives some projects a chance for longevity. It's essential to do your own research (DYOR) before investing, as memecoins remain highly speculative. Price predictions are guesses, not guaranteed. While 2024 could see growth for SafeMoon, DogeCoin, Simon Cat, Baby Doge, Rich Quack, Floki Inu, and others, it's important to approach memecoins cautiously and with a balanced portfolio.
Hamster combat withdrawal feature is live, but without allocation? We don't understand why you opened withdrawals without allocating tokens. The community doesn't seem to understand either. What's the logic behind this? Looking forward to hearing from the Hamster team.
What are Crypto Rug Pulls? How to Avoid Meme Coin Rug Pulls?
A rug pull is a type of scam where a cryptocurrency developer hypes a project to attract investor money, only to suddenly withdraw all the money from liquidity pools, leaving investor with worthless tokens or what is called peanuts. Imaging you as an investor buying a token with a market cap of $4k which seems legit and promising then suddenly the developers takes out the liquidity from the token, this will make your holding useless. Liquidity refers refers to how easily holders can trade their tokens for another on an exchange. Rug pulls are, unfortunately, too prevalent in the meme coin world. Meme coins are tokens or coins created or that relies on a particular trend or a popular activity. Example: Hawk Tuah token which was originated from an interview with a girl where she made the statement “Hawk Tuah”, This statement went viral quickly which prompted many developers to create tokens around the hype at that moment. Most meme coins developers have try to exploit the hype around memes and scam unsuspecting investors. According to a pump.fun statistic every 24 hours 16,357 tokens are launched, 175 tokens make it to Raydium and only 19 tokens survive more than 24 hours in Raydium. This is a very bad statistic considering the amount of tokens minted daily. How Rug Pulls Happens and Rug Pull Identifiers We now know what Rug pulls are, now let’s analyze how most developers pull this off successfully and how to detect them. 1. Token creation: The developers first of all find a trending meme or phrase to create their coin around, so that they can exploit the hype to scam or rug pull on unsuspecting investors. Let’s use this token $CORBY as a case study
2. Aggressive Marketing: Developers will do everything possible to attract people to buy their tokens. These includes, paying influencers, shillers and also making sponsored ads. When many people buy a token, the market cap appreciates which in turn increases the value of the token and the dev holding. Watching the tactics employed by the $CORBY devs, one can deduce that it sounds desperate and bogus. Examples: 3. Fake Post Engagements : When the devs makes posts, they pay for bots to like and comment on the posts. Making it look like a lot of people are buying or interested in the token.
4. Liquidity Locking: In Rug pull, devs temporarily lock the liquidity of the token or leave it unlocked or even lock a little amount in the liquidity pool. Even if the liquidity pool is permanently locked, Rug pulling is still a high possibility. You can determine if the liquidity is locked permanently or for how long it’s locked using sites like Unicrypt. $CORBY had a locked liquidity
5. Price Manipulation: Developers deploy a trick to get volume to a coin. They do this by making little transactions continuously to trick the system into thinking it is a legit buy, because every time a transaction is made, the coin pops up on the top page of the listing site like Dexscrenner. This also attracts investors. $CORBY
6. Rug Pull: When the token price pumps after the dev tactics, they sell a large percentage of their holding which drastically reduces the price and liquidity of the token. If I purchased a $CORBY token at $21k market cap, The token hit an ATH at $123k market cap which is a 6x. If I held the token till the rug pull which reduced the token to $5.7k Market cap, I will loose up to 80% to 85% of my investment. $CORBY
Even though rugs are rampant and some smart devs try their best to cover their tracks, making it very hard to detect, here are some ways to prevent yourself from getting rugged. • Make sure the devs of the token are not anonymous and that the devs are trusted. If the dev team are transparent they should have a public profile. • Make sure the liquidity of a token is locked before making an investment. You can do this by using the Unicrypt. • Make use of third party site like Rugcheck.xyz to check the properties of the token to make sure it’s not a honeypot token. • Study the Tokenomics of the coin. A bad tokenomics equals a bad coin. Do not buy. • Check to marketing strategies employed by the devs. If they make bogus claims like, promising a 10x return or some dubious claims, then it’s probably a rug waiting to happen. Do not buy. • Make sure the coin has a natural and normal chart. If too many wallets hold the same percentage of tokens, then it’s a scam coin. • Check the percentage holding on different wallets. If the top holder have up to 7-10% of the total supply. Do not buy. It can be rugged easily. • Check their social handles for fake engagement and followers. • Lastly use Dex tools to screen every token before you make a purchase. These measures can help you avoid rug pulls. But before buying any token make sure to Dyor and also don’t be greedy while trading. When a decent profit is made, take out your initial investment then gamble with your profits. The memes market is very volatile and can go from 100-0 in seconds. Be vigilant.
Even at $12, Solana had more daily on chain volume.
What happened?
pumpdotfun! that’s what happen … they made 100M + while everyone else lost all there money … there’s no more money left to gamble on a random scam tickers.
It’s a shame , money has left back to $Eth and $Tron .
𝐓𝐎𝐍 𝐄𝐂𝐎𝐒𝐘𝐒𝐓𝐄𝐌 𝐈𝐒 𝐇𝐄𝐀𝐓𝐈𝐍𝐆 𝐔𝐏! Catizen, a popular TON-based game with over 34M+ users, is preparing to airdrop $CATI tokens to its community ahead of listing. $CATI Airdrop & Listing: Here’s what you need to know 👇
▫️Xai: $6.6M on 9th September ▫️Mocaverse: $17.6M on 11th September ▫️Starknet: $26.8M on 15th September ▫️Arbitrum: $47.7M on 16th September ▫️Aptos: $69.5M on 11th September ▫️Additional unlocks: Conflux, Dfinity.
💥 Binance on Fire! @binance recorded a net inflow of $1.2 billion in the last 24 hours! 🚀 This is one of the highest capital inflows of 2024! Yesterday, #Binance also saw one of the highest trading volumes of the year. 📈
🔔 July Token Unlocks Totaling $350 Million ▫️WLD: $13.3M daily unlocks from July 24 ▫️Xai: $70M on July 9 ▫️ImmutableX: $43M on July 12 ▫️Aptos: $68M on July 12 ▫️StarkNet: $36.7M on July 15 ▫️Arbitrum: $64M on July 16 ▫️Additional unlocks: Axie Infinity, Apecoin, Pixels