Meme Coin to Invest in 2024: In the Q1 of 2024, crypto meme sectors are the ones that have gained the highest returns of over 1,312%. The meme coins that helped the crypto-meme industry to top the crypto narrative in 2024, are dogwifhat (WIF), Flocki (FLOKI), Shiba Inu (SHIB), Dogecoin (DOGE), Bonk (BONK), and Pepe (PEPE) as these token experienced massive upside momentum. However, crypto experts also expect a similar result from meme coin in Q2 of 2024.
In this article, we’ll learn more about meme coin to invest in 2024, which meme coins have the potential to soar 100%, the top 4 meme coin to invest in 2024, and many more things. So, read till the end for a deep understanding of meme coins.
Which meme coins have the potential to surge 100% in 2024?
In 2024, meme coins gained massive attention from crypto investors, venture capitalists, institutions, and retailers following their massive performance. Recently, Avalanche Foundation, BlackRock, Arthurs Hayes (Co-founder and ex-CEO of BitMEX), and many others have strongly believed in meme coins.
However, the meme coins that you will see here are based on the bets by these venture capitalists, institutional giants, and top personalists of this crypto world. The meme tokens that have the potential to surge 100% are DOGE, SHIB, SLERF, BONK, WIF, MEW, COQ, FLOKI, TECH, NOCHILL, KIMBO, DETF, and RICO.
All these mentioned meme coins are supported by top personalities and crypto giants of this rapidly evolving cryptocurrency landscape.
Arthur Hayes in his recent post on X (Previously Twitter) mentioned SLERF, WIF, MEW, and BONK, while adding these tokens is a new big thing in the realm of cryptocurrency. Additionally, all these meme coins have the potential to surge more than 100% in 2024.
Whereas, Hayes in his recent post praised MEW, and SLERF, and also forecasted that WIF will hit the $10 level, besides these newly listed tokens earlier Hayes’s big bet was on BONK.
Besides Arthurs Hayes’s bets on above cited meme coins, on March 15, 2024, Avalanche Foundation published a report that they are going to support a few meme coins including KIMBO, COQ, GEC, NOCHILL, TECH, and others.
However, Avalanche will invest in these meme coins through the Cultural Catalyst program to help in growth. As this foundation is making bets on these meme coins it also has the potential to surge more than 100% in 2024.
Top 4 meme coin to invest in 2024
The top 4 meme coins to invest in 2024 could be DOGE, WIF, SLERF, and BONK as these tokens have a market capitalization of nearly $27.77 billion, $3.5 billion, $208 million, $1.5 billion, and $ 455 million respectively.
Although these tokens are on the list just because they are backed by quality investors as well as institutions. Out of these top 4 meme coin to invest in 2024, SLERF and MEW were recently listed and have a very high probability that they can skyrocket soon after the Bitcoin Halving.
Dogecoin (DOGE)
It is one of the biggest meme coins in the realm of cryptocurrency and is also placed in the top 10 crypto-list as it has a massive market cap of $27.77 billion. Besides this massive market capitalization, it is also backed by business tycoon Elon Musk. Additionally, crypto giants and investors continuously say that DOGE has the potential to hit $1 in April 2024.
According to expert technical analysis, DOGE is bullish on a weekly time frame but due to the recent market sentiment currently it is going through a price correction phase. According to the historical data, every time after halving overall crypto markets experience massive bullish momentum.
However, this time it is expected after Bitcoin halving DOGE could hit, $0.28 first, and if it sustains at this level there is also a high possibility that it could also hit the $0.58 level. Additionally, Doge is one of the most trusted meme coins and it should be at the top of meme coin to invest in 2024 list.
Dogwifhat (WIF)
Dogwifhat (WIF) is a Solana-based token and Arthur Hayes co-founder and ex-CEO of BitMEX recently praised it. Since Hayes praised WIF it experienced a massive price surge from $0.38 to the current $4 level in just a few weeks.
The fucking hat stays on.
Who is $WIF me? pic.twitter.com/Cq0eNp6JTp
— Arthur Hayes (@CryptoHayes) March 1, 2024
Additionally, Hayes in his post on X, predicted that WIF could skyrocket to $10 level. Besides, all these praises, WIF recently outperformed lots of cryptocurrencies in the last few weeks.
According to expert technical analysis, WIF is looking bullish. After a massive price surge of over 100% in just 8 days, WIF currently going through a price correction in the last 4 days and during this period it experienced a downside momentum of nearly 30%.
But at the time of writing, it is looking bullish, because according to price action, WIF is forming a higher high and higher low, and at the current level it is at a higher low. There is a high possibility that it could break its all-time high and hit the $6 level.
This strong bullish price action pattern and its recent performance make WIF one of the top contenders top 4 meme coin to invest in 2024.
Slerf (SLERF)
Slerf (SLERF) is another Solana-based meme token that recently got attention from crypto enthusiasts after it was launched and praised by Arthur Hayes. However, following its launch this sloth-themed meme token SLERF gained massive interest from investors as 130,000 individual traders together create a massive volume of over $2.7 billion in just 24 hours of its listing.
Fuck you JAYPOW. I got $SLERF and this weekend ‘bout to be $SOL-id.
Yachtzee bitches!!!
😘😘😘😘😘 pic.twitter.com/d1GQKuqiPC
— Arthur Hayes (@CryptoHayes) March 20, 2024
Additionally following its listing overall crypto market is going through a price correction phase and SLERF is also experiencing a price drop in its value. Besides the price correction, investors’ interest is also falling, as the 24-trading volume dropped by nearly 10% and it currently stands at $141 million.
According to the expert technical analysis, SLERF on a daily time frame struggling to gain momentum. Since March 27, 2024, the SLERF meme coin has continuously fallen and its value has dropped from $0.91 to $0.43 level.
It is also expected that after the completion of Bitcoin Halving, the overall market sentiment change and there is the possibility that SLERF will also surge. In this category of investing Solana’s SLERF is a also top choice.
Bonk (BONK)
Bonk (BONK) is another Solana-based meme dog-themed meme coin that got massive attention in late 2023 following Solana’s SAGA mobile phone launch. As Solana SAGA offers a massive airdrop of over 30 trillion BONK tokens to SAGA owners across the world.
Since then BONK meme token gained a massive price surge in value and was also spotted by investors as well as institutions. However, on December 18, 2023, Arthur Hayes showed his interest and backed BONK meme token over Shiba Inu when it was experiencing a massive price surge.
Let’s do the damn thang.$BONK > $SHIB
🫡🫡🫡🫡🫡🫡 pic.twitter.com/ZQB1WecBEl
— Arthur Hayes (@CryptoHayes) December 17, 2023
According to the expert technical analysis, BONK is looking bullish on a daily time frame as of writing on April 7, 2024. The reason behind this bullishness is the formation of a bullish double-bottom price action pattern and the formation of a bullish descending triangle pattern.
However, it is backed by Crypto giants and it is also one of the top meme coins, there is a high potential that BONK could surge 100% in the coming days. Additionally, BONK is also one of the best contenders in the top 4 meme coin to invest in 2024.
How to buy meme coins?
Buying meme coins is very simple either you have an account on DEXs (Decentralized Exchanges) like Binance, KuCoin, Kraken, Bybit, Coinbase, CoinDCX, and WazirX or you have an account on Centralized exchanges like Uniswap, Jupiter, or others.
Option 1: If you have an account on Binance you can easily add meme coins to your crypto wallet using the crypto swap feature. However, to use this feature initially you need to have cryptocurrency in your exchange wallet.
To swap crypto for meme coins you need to follow these simple steps:
Step 1: Open your Binance account.
Step 2: Go to the top left-hand side above “Total Balance” and click on the Binance icon.
Step 3: You’ll see two options, 1 – Short cut, and 2nd – Recommend, in the 2nd option click on more services.
Step 4: In the search bar type covert and click on that.
Step 5: Now you’ll see the option to convert your existing holding or USDT or USDC to meme coins.
Step 6: Once you insert the amount of tokens you want to get click on the convert and you will receive the meme coins into your wallet.
However, this is only the feature that Binance users can use to add meme coins to their wallets.
Option 2: If you’re new to cryptocurrency and want to add meme coins to your wallet you can follow these simple steps: Just follow the same steps to create an account and buy meme coins.
Conclusion
There is a prediction that in 2024 overall cryptocurrency market will experience massive upside momentum. However, as crypto enthusiasts are interested in top meme coin to invest in 2024, these tokens could be dogwifhat (WIF), Flocki (FLOKI), Shiba Inu (SHIB), Dogecoin (DOGE), Bonk (BONK), and Pepe (PEPE). Additionally, all of these tokens have also potential to surge more than 100% in 2024. Moreover, investing in cryptocurrency or in meme tokens could be risky so before buying make sure to do your research.
Frequently Asked Questions (FAQs)
Why invest in meme coins in 2024?
Meme coins are very risky but they have the potential to soar more than 100%, to gain those returns investors need to invest in top meme coins that are backed by some famous personalities. However, here we already discussed top meme coin to invest in 2024.
Top Solana-based meme coin
Since 2023 Solana-based cryptocurrencies or meme tokens have gained massive attention from crypto enthusiasts and they gained massive upside momentum in their price.
Top Solana-based meme coins are:
- dogwifhat (WIF)
- Bonk (BONK)
- Slerf (SLERF)
- Cat in a dogs world (MEW)
