Top 10 Memecoins of 2024: Exploring the Meme Madness
In Brief
Delve into the phenomenon of meme-driven cryptocurrencies, exploring their unique features and rising popularity within the crypto market.
It’s true that when it comes to utility, meme coins can’t match the Bitcoins of the crypto world, but that still doesn’t stop people from buying into their pure “meme value,” making them popular tokens with massive market caps. These ten meme coins shine particularly bright in 2024.
Dogecoin (DOGE)
Dogecoin, born out of the Doge meme featuring the Shiba Inu dog, was introduced in 2013 as a light-hearted parody of cryptocurrencies. DOGE transactions are quick and cheap, which makes them useful for everyday use and small transfers.
Thanks to Reddit and other social media sites, it has a huge and engaged community that is always there to support. With a set annual rise, DOGE’s inflationary supply system promotes stability and certainty, which helps it remain strong in the market.
What makes DOGE unique
- It’s the original meme coin;
- Massive community support;
- Celebrity endorsements like Elon Musk;
- Inflationary supply, preventing hoarding;
- More accessible and usable than other meme coins.
Shiba Inu (SHIB)
Taking a cue from Dogecoin’s skyrocketing success, the anonymous “Ryoshi” introduced Shiba in August 2020 to capture the same charm as its canine counterpart. This Ethereum-operated coin plays well with smart contracts and easily integrates with an assortment of DeFi services. It’s also easy to get SHIB on numerous exchanges and trading sites, which makes it a common way to enter the crypto world.
What makes SHIB unique
- Branded as the “Dogecoin Killer”;
- The founder team has no share in the allocated;
- A large community geared towards philanthropy;
- One quadrillion SHIB tokens in total supply.
FLOKI (FLOKI)
Floki Inu, named after Elon Musk’s cherished pet and inspired by Dogecoin’s triumph, has swiftly gained widespread recognition. What distinguishes FLOKI is its commitment to meme-powered marketing and community involvement. The project’s ethos revolves around three key principles: meme status, utility, and charitability, setting it apart in the sea of meme coins flooding the market.
The utility aspect drives the development of innovative projects like Valhalla and Floki Places, while the charitability factor focuses on humanitarian efforts in different continents, such as building schools.
What sets FLOKI apart from the rest
- Known as “The People’s Crypto”;
- Multi-chain protocol, supporting both ETH and BSC;
- Three pillars of status, utility, and charitability;
- Usable in the platform’s NFT gaming metaverse, Valhalla, and the FlokiPlaces market;
- Hyper-deflationary in nature.
Pepe (PEPE)
On April 19, 2023, the new PEPE was launched in homage to Pepe the Frog. The project stands out from other cryptocurrencies and gains more support from the crypto community due to its commitment to upholding its character.
In such a short time, it has become popular with features like zero-fee transactions. One of PEPE’s main goals is to build a decentralised marketplace where meme fans can buy and sell digital memorabilia and trade NFTs.
PEPE’s distinguishing points
- A unique burning mechanism with a zero-tax policy;
- No transaction fees;
- Unique redistribution structure, encouraging long-term staking and token holding;
- Meme-based governance structure;
- Seamless NFT integration.
Bonk (BONK)
Bonk is the Solana meme coin that’s been turning heads since its December 25, 2022 launch. Timed perfectly with Solana’s resurgence in 2023, BONK’s launch at the end of 2022 was almost like a Christmas surprise for the crypto sphere.
In less than two years, Bonk has gained traction on major exchanges like Binance and Coinbase while leveraging Solana’s efficient blockchain with Proof-of-History (PoH) and Proof-of-Stake (PoS) consensus mechanisms. That leads to rapid, large-scale transactions with BONK.
What makes BONK unique
- Complete decentralisation with no central authority over the coin’s supply;
- Bank DAO only holds 15% of the total supply;
- Acting as a governance token;
- Seamlessly integrated into the BonkSwap DEX and the BonkFi lending solution.
Smog (SMOG)
Number four on the list is the dragon-themed SMOG on the Solana blockchain. While being completely brand-new, it has generated a lot of buzz since the February 7, 2024 launch. Besides the innovative tokenomics and incentives crafted to broaden its user base, the token is primarily famous for its massive airdrop campaign in partnership with Zealy.
On top of that, the platform’s staking mechanism rewards long-term SMOG holders with regular payouts, preventing quick flips and encouraging longer plays with the token. Plus, SMOG has just expanded to Ethereum, enhancing its multi-chain utility.
What sets SMOG apart from the rest
- An innovative airdrop system, letting people purchase and hold SMOG to rack up their points;
- 35% of the total supply is dedicated to airdrop campaigns;
- Zealy’s partnership campaign gives an additional chance to earn more points.
Myrothedog (MYRO)
Launched on November 30, 2023, Myrothedog pays homage to the beloved “my rotted” meme, which has garnered buzz for its meme-centric branding and community-centric approach.
Operating on Solana, MYRO has become quite popular with massive community involvement and zero-fee transparent transactions. There are also talks of a new staking system and a boost in social media presence, with MYRO at the centre of it all.
What makes MYRO unique
- Zero transaction fees;
- VIP benefits like limited-edition goods and exclusive events;
- Burning the LP tokens to guard the token against possible rug pulls and build trust;
- Ultimate transparency in token development.
Memecoin (MEME)
Launched just in October 2023 with a fixed supply of 69 billion, MEME runs on a deflationary framework, where every trade sets off a burn mechanism, gradually lowering the token supply and boosting the remaining pool’s value.
MEME sits at the core of the Memeland ecosystem, a thriving Web3 platform where people can share memes and express their creativity. The marketplace, NFT system, and governance structure are all powered by MEME, the central nervous system of Memeland.
MEME and its distinctive features
- Multi-faceted token;
- Deflationary in nature;
- Unique integration with the Memeland Web3 platform.
Dogwhifhat (WIF)
An all-time low of $0.001 was the starting point for the WIF token when it was first introduced on December 13, 2023. It only took a few weeks for this Solana-based token to become the first big meme token to hit $1.
The project’s dedication to community development and consistent updates has maintained its momentum, giving WIF a new reputation in the crypto sphere. With events and charity drives, DWFH is a popular token for sharing moments of happiness while helping people do some real good in the world.
What makes WIF unique
- Cheap, fast transactions, thanks to the Solana blockchain;
- Massive community engagement, particularly with user-generated content;
- A pure meme coin with no utility functions.
Brett (BRETT)
A tribute to the iconic “Boy’s Club” comic book character Brett, BRETT debuted on May 1, 2023. Operating on the Base chain, it is an easy token to acquire through Solana’s native token, SOL, helping lower the entry barrier to the platform.
No team members or insiders were given a fixed number of BRETT tokens before the launch; all tokens are distributed fairly. The smart contract also promotes confidence and transparency since its code cannot be changed after deployment (i.e., it is immutable).
What makes BRETT unique
- No mint function, offering complete decentralisation and preventing manipulation;
- Growing community;
- No insider dibs on token allocation;
- Easy to acquire through SOL;
- Part of the future “GambleFi” platform.
Disclaimer
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About The Author
Viktoriia is a writer on a variety of technology topics including Web3.0, AI and cryptocurrencies. Her extensive experience allows her to write insightful articles for the wider audience.
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Viktoriia is a writer on a variety of technology topics including Web3.0, AI and cryptocurrencies. Her extensive experience allows her to write insightful articles for the wider audience.
