Anyone trading crypto for a while will have come across meme coins. And as bizarre as some may seem — considering the vast majority provide no utility — some investors can’t resist the urge to buy in. If you’re one of those curious traders who are on the hunt for a good memecoin deal, we have the scoop for you. Similarly, if you want altcoins to watch, stay with us. This article covers the top meme coins and altcoins trending for 2024.
What are meme coins?
A meme coin is a cryptocurrency that is inspired by an online meme. These types of coins are usually promoted on social media via influencers and celebrities. Many meme coins are produced as a joke, and most do not offer any utility or real-life value. In addition, they are highly speculative, meaning they come attached with plenty of risks.
When meme coins come to mind, most people likely think of Dogecoin or Shiba Inu. However, many more similar cryptos have appeared since the market witnessed extraordinary gains with some of these top meme coins.
How many meme coins are there?
There are currently more than 340 meme coins trading in the cryptocurrency market. The top meme coins, according to market capitalization, include Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and Floki Inu (FLOKI). With the exception of PEPE, these are all themed around the doge meme. Despite there being a tonne of memecoins on the market, only a few are worth trading.
Bitcoin (BTC) and Ethereum (ETH) continue to lead the cryptocurrency market, holding 52.3% and 16.6% of the market share respectively. Meanwhile, meme coins are emerging as significant players, representing both memes and symbols of community-led achievements within the crypto arena.
What are the meme coins and altcoins of 2024?
The following coins were chosen for various factors, including market capitalization, popularity, and overall project success. We have included both memecoins and altcoins (alternative cryptos) in this list.
1. Wall St. Memes (WSM)
This project intends to build a community around its native token, $WSM, by providing members with exclusive benefits to reach a $1 billion market cap.
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Some of these benefits include access to an upcoming merchandise store featuring caps, mugs, and clothing. This token was inspired by the infamous Gamestop short squeeze, in which the underdogs challenged Wall Street’s stronghold. It is part of a launch by that same movement, utilizing an already built-in and engaged community. The project’s creators describe its move to tokenization as a symbol of the retail movement’s resistance to Wall Street’s orchestrated monopoly on financial markets.
2. Chimpzee (CHMPZ)
The Chimpzee crypto sustainability project, notable for its meme coin format, recently announced the complete sell-out of its token sale. Chimpanzee ($CHMPZ), a platform operating in the web space focused on impact, declared an impressive token burn of 2 billion during its vesting period.
An altcoin as opposed to a meme coin, Chimpzee was born from its team’s desire to prevent animal extinction and ensure environmental progression. The project has already helped plant over 1,000 trees to restore a rainforest. Furthermore, the project has donated $15,000 to the WILD Foundation to help protect one of the last herds of desert-adapted elephants.
Chimpzee allows people to benefit while contributing to organizations that are helping fight climate change and save animals. Investors who want in on the activities are encouraged to follow the project’s Twitter/X official account to stay updated before the official launch. As for the future, roadmap plans include a Chimpzee store, DEX/CEX, NFT minting, more donations, and more.
3. Dogecoin (DOGE)
Doge notably rose to fame in 2021 following a price surge from $0.00268 to its all-time high of $0.7316. The project’s success was largely due to online hype, as celebrities like Elon Musk began promoting the coin. Dogecoin soon became known as “the people’s cryptocurrency.” Our DOGE price prediction suggested that in 2025, Dogecoin’s average price will range from $0.15 to $0.20. We anticipate Dogecoin maintaining its relevance in the cryptocurrency market for the foreseeable future.
4. Shiba Inu (SHIB)
Based on data from CoinGecko, Shiba Inu’s market capitalization currently stands at $5.52 billion as of January 2024. This substantial market cap indicates that the asset holds significant value in the eyes of the market.
Soon after, Shiba Inu was dubbed one of the few “dogecoin killers” for its ability to outperform the king of meme coins. More recently, the project has gained the market’s attention for announcing a layer-2 plan to expand its ecosystem. The project boasts an astounding resume that includes its decentralized exchange (DEX), an NFT collection, a Shiba Eternity game, a metaverse, and more.
5. Pepe (PEPE)
Launched in April 2023, pepe (PEPE) quickly rose to the dizzying heights of meme coin fame. The iconic Matt Furie’s “Pepe the frog” meme inspired the logo. Currently, Pepe Token (PEPE) holds the #2169 position on CoinGecko, with a market capitalization of $1,548,335. This market cap is calculated by multiplying the token’s price with its circulating supply, which stands at 900 million tradable PEPE tokens.The team describes it as the “most memeable meme coin in existence.
PEPE experienced a price surge of more than 4,000x back in 2023 that only showed testament to its enduring support. One investor notably purchased 5.9 trillion PEPE with $27, which eventually turned into a whopping $1 million after the price increase. The maximum supply of PEPE is just over 420 trillion. Is PEPE coin set to lead the meme coin market in 2024? While the year’s full story remains to be seen, current trends suggest that the coin is on a bullish path.
6. Floki (FLOKI)
According to CoinGecko as of Jan. 22, 2024 FLOKI is trading at $0.000032 (FLOKI/USD), witnessing a 10.87% increase in the last 24 hours. The real-time updated FLOKI to USD price comes with a market capitalization of $307.72 million USD and a 24-hour trading volume of $78.53 million USD. FLOKI’s circulating supply is at 9,554.85 billion. and functions as a multi-chain ERC-20 and BEP-20–compliant token. Contrary to the average meme coin, floki inu provides real-life use cases. Its main utilities include FlokiPlaces, FlokiFi, and Valhalla.
The Valhalla is a play-to-earn metaverse game, while FlokiPlaces is its corresponding marketplace. Users can purchase physical goods with its native token FLOKI. Moreover, FlokiFi is the project’s decentralized exchange where investors can swap digital assets for crypto or lock up crypto in the Flokifi Locker.
7. Tamadoge (TAMA)
The launch of Tamadoge has made a notable impact in the meme coin space, offering a unique combination of play-to-earn features, NFTs, and augmented reality. Its ecosystem revolves around Tamadoge Pet NFTs, which players can breed and compete for rewards. Currently available on OpenSea, these ultra-rare NFTs are poised to gain even more prominence with the Tamadoge AR App next year, enhancing their status as top digital collectibles in 2024.
In addition, tamadoge features its own NFT collection on OpenSea. The TAMA coin powers the metaverse-integrated gaming platform, which experienced a massive surge of 1,900% from its initial presale price. According to just daily trading volume, TAMA has managed to stay in the top 10 meme coins on the market.
Proceed with caution: The potential risks of meme coins and altcoins
It’s easy to get swayed by social media influencers when a new meme coin or altcoin is promoted. However, since many of these coins do not provide real-world value or utility usage, they should be traded cautiously. Although there have been success stories regarding these types of trades, most people end up losing money. This is because many of these coins derive value from social engineering. They also are the most prone to pump-and-dump schemes, which makes them extremely volatile.
However, this doesn’t mean there aren’t some solid projects and money-making opportunities, including the coins and tokens in this list. Always make sure you study a project well and practice good risk management.
Frequently asked questions
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Which coins are meme coins?
What are the key characteristics that define a cryptocurrency as a meme coin?
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