As Solana meme coin fever takes hold in the crypto market, FOMO investors are wondering “What is the next Shiba Inu?” ”, in this article, an in-depth expert analysis on the 7 best meme coins to buy now and find out how to supercharge your crypto portfolio for the 2024 bull run today.
Meme markets have seen explosive price action so far in 2024 as crypto markets have become extremely bullish on Solana meme coins as trading volume shifts away from Ethereum due to fees increasingly high gas levels.
Yet while the crypto industry is on edge this week, awaiting the highly anticipated Dencun upgrade – which aims to reduce gas fees and congestion on the ERC-20 network – many who are now predicting that there could be a return to a more traditional Ethereum. meme markets.
But the surge in activity on Solana over the past two months remains a tangible force in the market; giving rise to countless moonshots that saw coins such as DogWifHat (WIF), Bonk Coin (BONK), and Smog Token (SMOG) pump towards market capitalizations of several billions – trading alongside giants like Dogecoin (DOGE) and Shiba Inu (SHIB).
Top 7 Best Meme Coins to Buy Now
With so much activity in the high-risk, high-reward vertical, let's dig deeper and take a look at 99Bitcoins' picks for the 7 BEST meme coins to buy now, as chosen by crypto analyst and expert Jacob Bury .
1. Smog Token (SMOG) – Innovative Solana Meme Coins
In a major innovation in the Solana coin industry, Smog The token has become a rising star in the market due to its promise to completely reinvigorate the meme coin holder experience.
At the heart of this project is an ambitious long-standing airdrop campaign proposal, which rewards and incentivizes long-term holders of the SMOG token with the opportunity to participate in upcoming major token airdrops.
Already gaining traction, the SMOG token is nearing its goal of 10,000 so-called “loyal elect,” who are engaged community members and SMOG token holders who have completed a list of quests and challenges.
Even better? The token is experiencing explosive price growth, with SMOG surging +728% over the past month, reaching a current market cap of $210,062,938.
2. Sponge V2 (SPONGE) – Revitalizing the SpongeBob Token of 2023
Another project that will make waves in 2024 is Sponge the token, which far from being forgotten, is in the midst of a comeback aimed at replicating one of the biggest meme coin breakouts of 2023.
When SPONGE launched in May 2023, the nostalgia-fueled meme coin exploded +1,450% upon listing to reach a shocking $100 million market cap, but in the midst of a dark crypto winter, gains were fleeting.
But now, with crypto markets supercharged globally as traders prepare for a potential 2024 bull run, Sponge is making a comeback with a recent migration successfully transitioning the token from Ethereum to Polygon in as part of cost savings.
Sponge V2 has already been well received, with thousands of token holders participating in the migration event, and Sponge V2 is holding above the 20 DMA even despite a wider retracement over the past few weeks – all the more so that the project is rapidly approaching major exchange listings.
Now standing at a market cap of $1.8 million, Sponge V2 attracts investors with the possibility of a gain of up to 50 times from current levels (if Sponge successfully returns to a market cap of 100 millions of dollars).
3. Scotty the AI (SCOTTY) – A double narrative winner for a major surge
In a smart play attracting the attention of eagle-eyed investors, Scotty the AI is quickly approaching $10 million raised in pre-sales, as buyers rush to get in before SCOTTY heads to launch.
Excitement has been fueled by the 2024 return of the high-octane AI narrative, which hit the market in spring 2023 and now represents one of the biggest opportunities in the current bull cycle.
Interest has been reignited in recent weeks by the release of OpenAi's Sora video generation software, and continues to grow ahead of the Nvidia AI Conference 2024 next week.
Scotty the AI is perfectly positioned to succeed amidst these narratives, as an AI-powered coin it not only has the viral potential of a dog meme, but also offers traders access to a powerful toolbox of AI-enabled trading tools and insights. .
Additionally, with SCOTTY tokenomics designed to fund a monumental marketing campaign once the token launches, it is clear that the market has a major appetite for this project.
4. Snek Token (SNEK) – Cardano’s Response to the Rise of Coins Solana Meme
As Solana meme coin markets erupt, rival low-cost layer 1 blockchain Cardano has also seen an uptick in meme coin activity, with major breakthroughs led by Snek token (SNEK).
Quickly emerging as the largest Cardano-based token (in terms of trading volume), SNEK has become the face of the Cardano coin market, positioning it as an excellent beta play for major Solana-based tokens such as WIF and BONK.
Coin markets are taking note, with SNEK currently in the midst of a second major rally – which has already created new all-time highs – following a well-defended period of consolidation last week.
Now reaching a market cap of $173,935,326, it is not unlikely that SNEK could increase up to 5-8x its move from here shortly.
5. Shiba Inu (SHIB) – The Second Largest Meme Coin Ready for the 2024 Bull Run
The blue chip Shiba Inu coin remains poised ahead of the 2024 bull run, with the SHIB token once again, she returns to the spotlight.
Over the past month, SHIB has seen impressive gains of +270% (a difficult move once the market cap is in the billions), leaving the second largest coin in the top 10 global cryptocurrencies.
This follows a long period of construction by the Shiba Inu community, with large-scale efforts by coin developers in the ecosystem (led by Shytoshi) to supply and implement “Shibarium” – SHIB’s low-cost Layer 2 scaling solution. .
Shibarium is expected to see the ecosystem grow in importance in the coming years, as the SHIB development community focuses on Shibarium integrations to drive increased activity on the network.
6. Pepecoin (PEPE) – Biggest Coin of 2023 Prepares for First Pump Bull Run
Our penultimate pick for the best coin to buy now is Pepecoin (PEPE), which emerged in May 2023 as the biggest meme coin launch of last year, taking the name from one of the Internet's most popular memes: Pepe the Frog.
With obvious meme value and a prominent market position as the third largest meme coin, PEPE has already started to move up aggressively in its first bull market – with the token having climbed an impressive +666.9 % so far in 2024 to reach a new all-time high. at $0.00001064.
Yet, despite a high market capitalization at $4,179,805,149, with Pepecoin's surge has only just appeared in the chart, it appears that PEPE is poised for significant growth in the coming year.
Take for example Shiba Inu's market cap of $19,251,469,359 – if Pepecoin hits that level, that's over 4.5 times the return from here.
7. Meme AI (MEMEAI) – AI Meme Generator Increases in Chart
Another promising coin project attracting attention from the crypto community is Meme AI (MEMEAI), which aims to combine AI-based tools with the power of memes for retail investors.
At the heart of the project is a unique AI-powered meme generator; which interacts with an exclusive NFT marketplace – allowing meme creators on Web3 to gain true digital ownership over the work – and reap the benefits.
The importance of this offering for Web3 users has not been lost on investors, and so far in the past month, MEMEAI has generated +745%.
Still, with a meager market cap of just $10,437,779 – it seems possible that Meme AI is poised to unlock growth of up to 10x current levels – making for an enticing proposition for coin investors. cash.
EXPLORE: How to Buy Dogecoin (DOGE) – Beginner’s Guide
Warning: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose your entire capital.