- Memecoins are a major aspect and key feature within the cryptocurrency sector.
- Many meme coins begin as memes or internet jokes, but others become meaningful projects with substantial market capitalization.
As of 2024, several meme coins have impacted investors and enthusiasts within the cryptocurrency market. This article ranks the top meme coins to watch this year and examines their market capitalization and price, as well as their potential future growth.
1. Slerf (SLERF)
Slerf is a meme coin on Solana that recorded a trading volume of over US$2.7B on its first day of trading. The developer accidentally burnt both LP tokens and the presale tokens, making the project one of the most decentralized ones in the blockchain memes space.
The community came together to raise funds and help the developer refund the presalers.
- Market Cap: $419.3 million.
- Price: $0.8386; Increased 100x in the past two weeks.
- Growth Potential: Rumored Binance listing and P2E utility & staking rewards.
2. Smog (SMOG)
Marketing itself as the one meme coin to rule them all, Smog is a Solana-based dragon-themed meme coin that was launched about two months ago. The name SMOG is a play on words and is intended to refer to ‘Smaug’ the dragon from the fantasy adventure movie series, Lord of the Rings.
SMOG developers intended to piggyback ride on the hype of 2024 being the Chinese Year of the Dragon, and the incoming bull market to score high prices and market cap growth.
- Market Cap: $275.7 million
- Price: $0.1969, Gained over 50X in the past 1.5 months
- Growth Potential: Airdrop points generation and 35% of supply reserved for future airdrop rewards.
3. Book of Meme (BOME)
Created by an anonymous developer, Book of Meme (BOME) managed to make history as the first meme coin to hit a $1 billion market cap in 48 hours. The project which is built on Solana witnessed massive buys and rapidly increasing volume, which prompted top centralized exchanges like Binance to list it.
The success of this mem may continue to replicate even when the bull market fully kicks in.
- Market Cap: $778.8 million
- Price: $0.01411
- Growth Potential: Rapid growth within hours of launch on the Solana blockchain.
4. Wiki Cat (WKC)
Wiki Cat is a token on the BNB Smart Chain for teaching people about cryptocurrencies. Created by Sir Mapy 2 years ago, WKC has witnessed immense growth. With over 55,000 holders, early investors are currently up over 1000X and the project is still in its early stages.
Wiki Cat is part of a decentralized autonomous organization called SMCDAO. The developers are building various other products like the Peniwallet which will greatly benefit WKC in terms of awareness and price increase.
- Market Cap: $6.1 million
- Price: $0.0000000109
- Growth Potential: Building Peniwallet and partnering with businesses to enable payment with WKC.
5. Doge Eat Doge (OMNOM)
Doge Eat Doge is one of the few daring projects that promises to be a big name in the memecoin world. As a first mover, OMNOM is the first meme coin to be built on Dogechain, a blockchain dedicated to bringing DeFi to Dogecoin.
Omnom has seen immense growth, pumping over 6800% in the span of two days last week. Despite these big leaps, OMNOM is still very early as it has not yet breached the $100 million market cap level.
- Market Cap: $61.1 million
- Price: $0.0000001972
- Growth Potential: The first meme coin on Dogechain
6. Aviator (AVI)
Disguised as a fox meme, Aviator is a behemoth project with grand ambitions to build the future of Web3 gaming. Pushing the fox memecoin theme, Aviator is building a bridge called the SkyBridge to connect the EVM chains.
Aside from the bridge, this eight-month-old project is keeping holders entertained with the Aviator Arcade game. AVI is currently on Ethereum mainnet, but it is being built to operate on Coinbase’s Layer 2 network, Base.
- Market Cap: $46.2 million
- Price: $0.006887
- Growth Potential: Building a cheap and fast EVM bridge to the Base blockchain.
7. Coq Inu (COQ)
Coq Inu is the leading memecoin o the Avalanche blockchain with over 69,000 holders on the C-Chain. The COQ thesis is simple: Coq jokes are universal, the Cock is the national bird of France, and the meme is suitable and relatable for everyone.
Coq Inu has burned over $7 million in liquidity and has also received a listing from some of the top centralized exchanges like Kucoin and ByBit.
- Market Cap: $0.000004672
- Price: $324.2 million
- Growth Potential: The first meme coin on Avalanche Blockchain
8. Dogecoin20 (DOGE20)
DOGE20 isn’t a typical Shiba Inu-inspired token. Upholding Dogecoin’s “Do Only Good Everyday” ethos, it offers passive rewards through on-chain staking. It utilizes Ethereum-powered smart contracts, DOGE20 brings added flexibility, seamlessly integrating with your ERC-20 tokens in their newly created DOGE20 Wallet. DOGE20 presale sold out with over $10 million raised.
- Market Cap: Not Launched Yet
- Price: Not Launched Yet
- Growth Potential: Offers over 300% staking rewards and aims to provide more stability and flexibility by utilizing the Ethereum blockchain.
Final Thoughts
Since the meme coin market is highly volatile and speculative, most meme coins may lose value rapidly. As an investor, you should carefully conduct due diligence and assess all possibilities and risks before investing in any meme coin or cryptocurrency.