As the crypto market marks an important correction from the months of uptrend in 2023, there are a number of meme coins that have shown a lot of promise during this time. As these meme coins enter a crucial buy zone, here is a list of 5 meme coins that could hold a lot of promise in 2024.
Pepe (PEPE) Leads List Of Promising Meme Coins
The Pepe (PEPE) craze was no doubt one of the most interesting things that happened during the bear market of 2023, and the meme coin has continued to show promise. The PEPE coin is still less than a year old and is currently down around 74% from its 2023 all-time highs. However, its promise lies in the fact that it was launched in a bear market.
Unlike a lot of other top meme coins, PEPE has yet to see a bull market. At a $460 million market cap, the PEPE coin holds a lot of promise for investors. During the last bull market, the market cap of Shiba Inu rose to over $30 billion, and if PEPE replicates this, it could mean a 50x return from its current levels.
ArbDoge AI (AIDOGE)
The ArbDoge AI (AIDOGE) is arguably the most prominent meme coin to come out of the Arbitrum ecosystem so far. Now, unlike Solana which has seen an explosion in meme coin trading, the meme coins on the Arbitrum blockchain are yet to gain mainstream acceptance like Dogecoin and BONK.
Given the value proposition of the Arbitrum network, expectations are that the network will see its own billion-dollar meme coin as the crypto market heads into another bull run. With AIDOGE being the leading meme coin in the space, this could be its time to shine.
Coq Inu (COQ)The Coq (COQ) meme coin took the Avalanche blockchain by storm, with its market cap going from a few million to over $100 million in a matter of weeks. However, like the rest of the market, the COQ token is seeing a retrace which could make this a good time to strike for investors.
Additionally, just like the value proposition of the AIDOGE meme coin on the Arbitrum blockchain, COQ could be one of the first meme coins on the Avalanche network to actually reach the billion-dollar market cap milestone.
Wojak (WOJAK) Ranks High Among Ethereum Meme CoinsJust as attention moved from the Ethereum blockchain to Solana meme coins, the likes of WOJAK have seen their value plummet rapidly. This price decline has put Ethereum meme coins in a good position for buying for maximum returns.
The Wojak meme also plays off the PEPE meme and as PEPE recovers, this coin is expected to follow. But with a market cap of just $16 million, the value proposition of this coin remains high with the possibility of higher returns.
Turbo (TURBO)The Turbo (TURBO) meme coin is significant in the fact that it was the first meme coin made entirely with AI to gain widespread acceptance in meme coin spaces. Turbo which had an incredible run in 2023 has since declined back to a $23 million market cap that could be a good entry point.
When attention turns back to Ethereum meme coins, investors will no doubt be looking for established projects with relatively low market caps for significant returns. In this case, Turbo holds a lot of promise for investors.