As Solana meme coin fever takes hold across the crypto market, FOMO investors are asking “What is the next Shiba Inu?”, in this article, deep-dive expert analysis on the 7 best meme coins to buy now and discover how to supercharge your crypto portfolio for the 2024 bull run today.
Meme markets have witnessed explosive price action so far in 2024, as crypto markets have turned acutely bullish on Solana meme coins as trading volume shifts away from Ethereum due to increasingly high gas fees.
Yet, with the crypto industry on the edge of its seats this week, awaiting the highly anticipated Dencun upgrade – which aims to reduce gas fees and congestion across the ERC-20 network – many now predict that there could be a return to more traditional Ethereum meme markets.
But the surge of activity on Solana over the past two months remains a tangible force in the market; giving rise to countless moon-shots that have seen coins such as DogWifHat (WIF), Bonk Coin (BONK), and Smog Token (SMOG) pump to multi-billion market caps – trading alongside giants like Dogecoin (DOGE) and Shiba Inu (SHIB).
Top 7 Best Meme Coins To Buy Now
With so much activity in the high-risk, high-reward vertical, let’s dig in and take a look at 99Bitcoins’ picks for the top 7 BEST meme coins to buy now as chosen by crypto analyst and expert Jacob Bury.
1. Smog Token (SMOG) – Innovating Solana Meme Coins
In a major innovation in the Solana meme coin sector, Smog token has emerged as a rising star in the market due to its promise of completely reinvigorating the meme coin holder experience.
At the heart of this project is an ambitious proposal for a long-standing airdrop campaign, which rewards and incentivizes long-term holders of the SMOG token with the opportunity to participate in major upcoming token drops.
Already gaining major traction, the SMOG token is rocketing towards its goal of 10,000 so-called ‘loyal chosen’, which are committed community members and SMOG token holders that have completed a list of quests and challenges.
Better yet? The token is undertaking explosive price growth, with SMOG surging +728% over the past month, to hit a current market cap of $210,062,938.
2. Sponge V2 (SPONGE) – Reigniting 2023’s Breakout Spongebob Token
Another project making major waves in 2024 is Sponge token, which far from being forgotten, is amid a comeback aiming to replication one of the biggest meme coin breakouts of 2023.
When SPONGE launched back in May 2023, the nostalgia-fuelled meme coin exploded +1,450% on listing to hit a shocking $100M market cap, but amid a bleak crypto winter – gains were fleeting.
But now, with crypto markets globally supercharged as traders brace for a potential 2024 bull run, Sponge is making a comeback with a recent migration successfully transitioning the token from Ethereum to Polygon in a fee-saving move.
Sponge V2 has already been well-received, with thousands of token holders participating in the migration event, and Sponge V2 holding strong above the 20 DMA even despite a broader retrace over the past few weeks – especially as the project rapidly approaches major exchange listings.
Now standing at a $1.8m market cap, Sponge V2 entices investors with the opportunity for as much as a 50x gain from current levels (if Sponge successfully returns to a $100m market capitalization).
3. Scotty the AI (SCOTTY) – Dual Narrative Winner Set For Major Skyrocket
In a clever play catching the attention of eagle-eyed investors, Scotty the AI is rapidly approaching $10m raised at presale, as buyers race to get in before SCOTTY heads for launch.
The excitement has been fuelled by 2024’s return to the high-octane AI narrative, which first emerged in the market in Spring 2023, and now represents one of the biggest opportunities in the current bull run cycle.
Interest was reignited in recent weeks by the release of OpenAi’s video generation software Sora, and continues to grow in anticipation of the Nvidia AI Conference 2024 next week.
Scotty the AI is perfectly positioned to make it big amid these narratives, as an AI-based meme coin, it not only has the viral potential of a meme dog but also offers traders access to a powerful toolkit of AI-enabled trading tools and insights.
Furthermore, with SCOTTY’s tokenomics designed to fund a monumental marketing campaign once the token launches, it’s clear the market has a major appetite for this project.
4. Snek Token (SNEK) – Cardano’s Response to the Rise of Solana Meme Coins
As Solana meme coin markets pop off, rival low-cost layer-1 blockchain Cardano has also seen an uptick in meme coin activity, with major breakouts led by Snek Token (SNEK).
Rapidly emerging as the biggest Cardano-based token (by trading volume), SNEK has become the face of the Cardano meme coin market – positioning it as a great beta play to prominent Solana-based tokens such as WIF and BONK.
Meme coin markets are taking notice, with SNEK currently amid a major second-rally leg – that has already created new all-time highs – after a well-defended consolidation period last week.
Now stood at a market cap of $173,935,326, it’s not unlikely that SNEK could mount as much as 5-8x move from here shortly.
5. Shiba Inu (SHIB) – Second Largest Meme Coin Poised For 2024 Bull Run
Blue chip meme coin Shiba Inu remains poised ahead of the 2024 bull run, with the SHIB token once again climbing back into the spotlight.
Over the past month, SHIB has mounted impressive gains of +270% (a challenging move once at a multi-billion market cap), leaving the second-largest meme coin once again in the top 10 cryptocurrencies globally.
This comes following a long period of building by the Shiba Inu community, with wide-scale effort by meme coin developers in the ecosystem (under the leadership of Shytoshi) to deliver and implement ‘Shibarium’ – SHIB’s low-cost layer-2 scaling solution.
Shibarium is expected to see the ecosystem grow in prominence in coming years, as the SHIB development community shifts to a focus on Shibarium integrations to stimulate increased activity on the network.
6. Pepecoin (PEPE) – Biggest Meme Coin of 2023 Braced For First Bull Run Pump
Our penultimate choice for the best meme coin to buy now is Pepecoin (PEPE), which emerged in May 2023 as the biggest meme coin launch of last year, taking on the name of one of the internet’s most popular memes – Pepe the frog.
With obvious meme value and a prominent market position as the third largest meme coin, PEPE has already begun climbing aggressively into its first bull run market – with the token climbing an impressive +666.9% so far in 2024 to hit a new all-time high at $0.00001064.
Yet, despite a high market cap at $4,179,805,149, with the Pepecoin skyrocket only just emerging in the chart, it seems that PEPE is set for major growth in the year ahead.
Take for example Shiba Inu’s market cap which stands at $19,251,469,359 – if Pepecoin grows to this level it represents more than a 4.5x return from here.
7. Meme AI (MEMEAI) – AI Meme Generator Surges In The Chart
Another promising meme coin project garnering attention across the crypto community is Meme AI (MEMEAI) which works to combine AI-enabled tools with meme-power for retail investors.
At the heart of the project lays a unique AI-powered meme generator; which interacts with an exclusive NFT marketplace – enabling meme makers on Web3 to gain true digital ownership over the work – and reap the benefits.
The significance of this offering for Web3 users hasn’t been missed by investors, and so far over the past month, MEMEAI has pumped +745%.
Yet, with a meager market cap of just $10,437,779 – it seems possible that Meme AI could be poised to unlock as much as 10x growth from current levels – making an alluring proposition for meme coin investors.
EXPLORE: How to Buy Dogecoin (DOGE) – A Beginner’s Guide
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
