Meme coins have been a constant and exciting part of the cryptocurrency industry for a long while. It all started with Dogecoin , but quickly escalated to an abundant ecosystem centered around memes, jokes, and community-building.
In the following, we take a look at the most exciting meme coins to watch in 2024, and we also seek an answer to the question of whether or not they can outperform Bitcoin.Think of Dogecoin as the godfather of meme coins. It was the first widely-recognized meme coin, created as a joke and nothing else. It’s been around since 2013, developed by Billy Marcus and Jackson Palmer.
DOGE has always been a precursor to volatility in the market. Whenever it starts moving, that’s when traders know to expect action. 2024 is believed by many to be the year when a large bull run will begin, as the Bitcoin halving will take place in April. Unlike the majority of the other meme coins that come to prominence only to descend into quick oblivion, SHIB stuck around. After numerous changes of leadership and a lot of back-and-forth, the team behind it is currently building a complete ecosystem that consists of Shibarium – its layer-two blockchain solution, as well as a number of other applications.
WIF is known for its volatility, charting new highs and declines upwards of 30-40% every other week. This doesn’t discourage its community, which is constantly on the lookout for new members to put the hat on. Even Arthur Hayes – the former CEO and one of BitMEX’s co-founders – tweeted about it some time ago.
The interesting fact about BONK is that it was found within Solana Saga phones released a while ago. Back then, the team included $10 worth of BONK in those phones as a playful gift to SAGA phone users and perhaps as a way in the ecosystem.
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