As Solana meme coin fever grips the entire crypto market, FOMO investors are wondering, “What is the next Shiba Inu?” Crypto portfolio for the 2024 bull market today.
The meme markets have seen explosive price movements so far in 2024 as crypto markets have become highly bullish on Solana meme coins as trading volumes shift away from Ethereum due to ever higher gas fees.
But with the crypto industry on edge this week awaiting the highly anticipated Dencun upgrade – which aims to reduce gas fees and congestion across the ERC-20 network – many are now predicting a return to the more traditional Ethereum could give meme markets.
But the surge in activity on Solana over the past two months remains a noticeable force in the market; This led to countless moonshots, with coins like DogWifHat (WIF), Bonk Coin (BONK), and Smog Token (SMOG) reaching multi-billion market caps – trading alongside giants like Dogecoin (DOGE) and Shiba Inu (SHIB).
The 7 Best Meme Coins You Can Buy Right Now
With so much activity in the high-risk, high-reward industry, let's take a look at 99Bitcoins' picks for the top 7 BEST meme coins to buy now, selected by crypto analyst and expert Jacob Bury.
1. Smog Token (SMOG) – Innovative Solana Meme Coins
A significant innovation in the Solana meme coin sector, the Smog token has become a rising star in the market as it promises to completely revitalize the meme coin holder experience.
At the heart of this project is an ambitious proposal for a long-running airdrop campaign that rewards and incentivizes long-term holders of the SMOG token with the opportunity to participate in large upcoming token drops.
The SMOG token is already enjoying great popularity and is nearing its goal of 10,000 so-called “Loyal Chosen,” who are dedicated community members and SMOG token holders who have completed a list of quests and challenges.
Even better? The token is experiencing an explosive price increase, with SMOG gaining +728% in the last month to reach a current market cap of $210,062,938.
2. Sponge V2 (SPONGE) – Revival of 2023’s breakout Spongebob token
Another project making a big splash in 2024 is the Sponge token, which far from being forgotten, is making a comeback that aims to replicate one of the biggest meme coin breakouts of 2023.
When SPONGE launched in May 2023, the nostalgia-filled meme coin exploded +1,450% upon listing, reaching a shocking $100 million market cap, but amid a bleak crypto winter, the gains were temporary.
But now, as crypto markets worldwide are in full swing and traders are preparing for a possible bull market in 2024, Sponge is making a comeback with a recent migration that successfully switched the token from Ethereum to Polygon in a fee-saving move.
Sponge V2 has already been well received, with thousands of token holders taking part in the migration event, and Sponge V2 has held strong above the 20-day moving average despite a broader decline in recent weeks – especially as the project quickly approaches a major listing Stock markets approaching.
Sponge V2 currently has a market cap of $1.8 million, enticing investors with the chance of up to 50x gains from current levels (if Sponge successfully returns to a $100 million market cap).
3. Scotty the AI (SCOTTY) – Winning set with double narrative for Major Skyrocket
In a clever play that's catching the attention of eagle-eyed investors, Scotty the AI is quickly approaching the $10 million mark raised in the crypto presale as buyers race to get in before SCOTTY arrives comes to the market.
The excitement has been fueled by the return to the high-octane AI narrative in 2024, which first appeared in the spring of 2023 and now represents one of the biggest opportunities in the current bull cycle.
Interest has been rekindled in recent weeks by the release of OpenAi's Sora video generation software 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 because as an AI-powered meme coin, it not only has the viral potential of a meme dog, but also offers traders access to a powerful AI-powered toolkit Trading tools and insights.
Furthermore, it is clear that the market has a lot of interest in this project as SCOTTY's tokenomics are designed to fund a monumental marketing campaign once the token is launched.
4. Snek Token (SNEK) – Cardano’s answer to the rise of Solana meme coins
While the Solana meme coin markets are booming, rival low-cost Layer 1 blockchain Cardano has also seen a surge in meme coin activity, with major breakouts led by Snek Token (SNEK).
SNEK quickly became the largest Cardano-based token (in terms of trading volume) and has become the face of the Cardano meme coin market – positioning it as a great beta play for well-known Solana-based tokens like WIF and BONK.
The meme coin markets are taking note, as SNEK is currently in a major second phase rally that has already produced new all-time highs, following a well-defended consolidation phase last week.
With a market cap of $173,935,326, it's not unlikely that SNEK could rise 5x to 8x from here shortly.
5. Shiba Inu (SHIB) – Second Biggest Meme Coin for Bull Run 2024
Blue-chip meme coin Shiba Inu continues to prepare for the 2024 bull market, with the SHIB token once again coming into the spotlight.
Over the last month, SHIB has posted impressive gains of +270% (a challenging move at a multi-billion market cap), placing the second-largest meme coin once again among the top 10 cryptocurrencies worldwide.
This is the result of a long building phase of the Shiba Inu community, with extensive efforts by the meme coin developers in the ecosystem (led by Shytoshi) to deploy and implement “Shibarium” – SHIB’s low-cost Layer 2 scaling solution.
Shibarium is expected to gain traction in the coming years as the SHIB developer community focuses on Shibarium integrations to increase activity on the network.
6. Pepecoin (PEPE) – Biggest meme coin of 2023 is preparing for its first bull market
Our penultimate pick for the best meme coin you can buy now is Pepecoin (PEPE), which launched in May 2023 as the biggest meme coin launch of the last year, taking the name of one of the most popular memes on the internet – Pepe the Frog.
With obvious meme value and a prominent market position as the third largest meme coin, PEPE has already begun to aggressively climb into its first bull market – with the token up an impressive +666.9% so far in 2024, reaching a new all-time high at $0.00001064.
However, despite a high market capitalization of $4,179,805,149, with Although the Pepecoin peak is just beginning to appear on the chart, it appears that PEPE will see major growth in the coming year.
Take Shiba Inu's market cap, for example, which is $19,251,469,359 – if Pepecoin grows to that level, that means a return of over 4.5x from here.
7. Meme AI (MEMEAI) – AI Meme Generator is rising in the chart
Another promising meme coin project gaining attention across the crypto community is Meme AI (MEMEAI), which combines AI-enabled tools with meme power for retail investors.
At the heart of the project is a unique, AI-powered meme generator; which interacts with an exclusive NFT marketplace – allowing meme makers on Web3 to gain real digital ownership of the work – and reap the benefits.
The importance of this offering to Web3 users has not been overlooked by investors, and in the last month MEMEAI has seen a 745% gain so far.
However, with a meager market cap of just $10,437,779, it seems possible that Meme AI could be able to achieve growth of up to 10x from current levels – making it a tempting 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 for informational purposes and does not constitute investment advice. You could lose all of your capital.
