The memecoins mania has experienced a significant resurgence with Shiba Inu (SHIB), BONK, DOGE, and Dogwifhat (WIF) smashing records. Furthermore, the VR Soldier analysts have issued an optimistic forecast for popular memecoins including the new Memeinator. Here’s a compilation of the top memecoins that might deliver 100x potential returns.
Memeinator: A Fresh memecoin with genuine utility
In their latest report, analysts have pointed to the “convergence of Artificial Intelligence (AI) and crypto assets” as a hot trend that is capturing significant interest from investors.
AI tokens and memecoins are, therefore, likely to witness strong performance as the market rallies, the analysts wrote in the report. Indeed, AI tokens like Render (RNDR) and Fetch.ai (FET) have outperformed in recent weeks, and memecoins like FLOKI and dogwifhat have stormed to new highs. Looking to penetrate the market and dominate the memecoin space is Memeinator.
As one of the fresh memecoins in the market, Memeinator aims to carve a path to sector dominance through its superior utility offering. Most meme tokens offer no value and merely rely on hype and speculation for price gains. Memeinator takes a different approach as it brings genuine utility via a gaming ecosystem, staking program, and NFTs. With 1 billion MMTR tokens, the aim is to surpass weak meme tokens and challenge Dogecoin for the title of king of memecoins.
Dogwifhat (WIF)
Dogwifhat, a Solana-based memecoin, grabbed investors’ attention with its substantial surge recently. The WIF crypto price skyrocketed 113% in just seven days, posing stiff competition to DOGE and SHIB. Additionally, the Dogwifhat price hit an all-time high of $2.23 after its listing on Binance, the premier crypto exchange. Moreover, the WIF price surged by an astonishing 887% in a month, making it one of the leading memecoins with 100x potential.
Two notable Dogwifhat whale transactions have garnered attention within the cryptocurrency community, as reported by Lookonchain. In the initial 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.
Shiba Inu (SHIB)
Despite Dogecoin (DOGE) being the largest memecrypto, Shiba Inu leads the pack due to its unprecedented gains of late. The SHIB crypto surged nearly 264% in the last 30 days. Additionally, it surged forward to secure a spot in the top 10 cryptocurrencies by market cap. Moreover, the gap between Dogecoin and Shiba Inu market cap has narrowed, reaffirming SHIB’s potential as the “Dogecoin Killer.”
Furthermore, crypto analysts have even set a $1 target for Shiba Inu. However, at writing time, the SHIB price experienced a pullback of 11.51% and was valued at $0.00003215. Meanwhile, the memecoin boasted a market valuation of $18.86 billion.
Furthermore, Shytoshi Kusama, Shiba Inu’s lead developer, recently posted on X, drawing attention to the result 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.
Pepe Coin (PEPE)
Pepe Coin, a frog-faced meme token, has shaken up the crypto market with its exceptional gains. Despite the various setbacks, the PEPE crypto price managed to surge 622% in 30 days. Additionally, it achieved a fresh all-time high at $0.000008585 before plummeting significantly.
Dogecoin (DOGE)
Dogecoin holds the title of the largest memecrypto by market cap and displays strong potential for growth in 2024. The DOGE crypto price surged 98% in a month as memecoins once again stole the spotlight. Conversely, Dogecoin mirrored Shiba Inu’s downtrend and plummeted by 8.68% to $0.154 at the time of writing with a $22.06 billion market cap.
The recent decline aligns with the VR Soldier’s latest Dogecoin price analysis, which indicated a potential pullback. As reported earlier, the Dogecoin price could encounter resistance levels at $0.2 and $0.22. Additionally, potential correction can be expected with support around $0.15 and $0.105 respectively.
Bonk (BONK)
Bonk, another Solana memecoin, is a relatively new entrant but managed to surpass other dog-faced cryptocurrencies. The Bonk price surged 194% in value within a month with a market valuation of $1.91 billion. Furthermore, Bonk secured the memecoin of the Year Award in 2024, further highlighting its robust potential.
About Memecoins
Whether memecoins will stay with us for a long time cannot be predicted – perhaps they will become mainstream, or perhaps they will be forgotten at the moment when something else attracts everyone’s attention.
Volatility is a major problem with all cryptocurrencies, and these coins are even more volatile than others. They are 99% community oriented and the growth of the course is largely dependent on the hype created by influencers and support on social networks. Some memecoins strive to break stereotypes, for example, Shiba Inu created a decentralized crypto exchange and NFT incubator. This may have contributed to the fact that SHIB is the second most popular memecoin.
