The meme coin industry has witnessed tremendous adoption this year. While popular meme coins such as Dogecoin and Shiba Inu dominated the market, 2024 has seen the emergence of meme coins such as Dogwifhat, Pepe, Floki and Bonk. The meme coin market cap has also grown to over $45B, which could reach $100B in the year.
Let’s find out more about different meme coins: KangaMoon’s (KANG) new partnership with RaidSharkBot gets members excited
KangaMoon (KANG) tops our list of meme coins to invest in. Although the project presale is ongoing, its unique use cases have excited meme lovers and investors. While other meme coins rely on hype to bull, KangaMoon has utilitarian value, which makes it more reliable—the native token KANG is used to reward gamers and spectators in the ecosystem.
In the KangaMoon ecosystem, users can engage in weekly, monthly and quarterly challenges and earn rewards and prizes. Also, users can connect with players worldwide and engage them in fights to test their skills. As a non-gamer, you can speculate on match outcomes and win prizes. These prices are in the form of KANG tokens. That means every challenge is a chance to win in the ecosystem.
Outside of these, users can also earn the KANG token when they promote the project on social media or join the referral programme. A few days ago, the team partnered with the Telegram bot RaidSharksbot to boost engagement, and users who join these thrilling raids can win the $1000 mapped out as a monthly reward.
Meanwhile, the token presale is about to end with listings across CEX exchanges coming soon. Some analysts project a 100x return in the coming weeks, while some believe that KANG’s price will reach $1 in 2024. All these positive predictions make now the time to buy KANG at just $0.0196. You stand a chance of getting a 10% bonus when you buy now. Ordi: The best memecoin artist for creating unique NFTs A BRC-20 token designed using the Ordinal protocol, Ordi is an interesting meme coin on the Bitcoin network. The Ordinal Protocol is an innovative technology that permits data and text to be written on Satoshi, a small unit of BTC. The Ordi token is useful in the digital art and collectibles industry. With it, users can inscribe their artworks and create original NFTs. Also, with ORDI, you can inscribe any information into digital assets. It is also good for XD transmissions without issues. The ability of the Ordi token to provide data inscriptions helps broaden Bitcoin’s scope.
Ordi is among the meme coins to watch in the coming weeks. The Ordi token’s attempt at breaking through the $100 resistance trendline on March 05 was thwarted, leading to a drop in the price. However, analysts have not ruled out the possibility of a retest. Having traded around $20 in November 2023, Ordi’s price rallied above $90 in March, more than a 4x surge within four months. As such, Ordi is one of the prime meme coins to buy now.
Bonk (BONK): A unique memecoin with amazing tokenomics and marketing strategy
Bonk (BONK) is one of the foremost dog-themed meme coins popular in the meme coin market. The project aims to bring liquidity to the Solana platform. Bonk uses the proof of stake and proof of history mechanisms to provide security for all transactions.
Bonk’s unique features include its marketing strategy and social media platforms. On TikTok, it is known as the ‘meme coin for intellectuals’. Additionally, its special burning feature has attracted many customers. Bonk uses the feature to protect the token’s value and make it more stable. It leverages the Solana ecosystem to make the token more accessible to everyone.
Bonk has been giving mixed signals in the market lately, although the sentiment remains bullish. Bonk trading volume and market cap are performing moderately in the market. Bonk set an ATH record of $0.000047 at the beginning of March and some analysts believe that Bonk will break the record in the coming weeks as Solana-based meme coins continue to experience more adoptions.
Floki (FLOKI): A popular meme coin with various reward systems
Floki Inu (FLOKI) is one of the trendy meme coins online. The meme coin project was created by developers seeking to unite meme lovers. Floki runs on the Binance smart chain network and the Ethereum network.
Floki boasts an incredible reward system where holders earn rewards. A minimum of 4% of rewards are given to holders who swap tokens, though the exact percentage may vary. Also, Floki is a hyper-deflationary coin that uses the burn mechanism. With this, the circulating supply of Floki reduces while stabilising the price over time.
The Floki price witnessed a massive rally in March, pushing the price to $0.00029. That’s almost closer to its all-time high price of $0.00034 in November 2021. The Floki market activity continues to be decent, especially in. With the massive adoption of meme coins, Floki might shed more zeros in the price chart in the coming weeks, making it one of the premier meme coins to watch out for in the coming months.
Book of Meme (BOME): The new memecoin platform for better storage solutions
Book of Meme (BOME) was launched in March 2024 to establish a permanent solution for memecoin storage. The meme coin project uses an interplanetary file system and inscriptions for data storage in its ecosystem.
The $BOME token is used within the BOME ecosystem for all transactions. Aside from the transactional feature, BOME is a utility token with governance features. Book of Meme token holders have staking rights and can participate in decision-making. The integration of NFT into the BOME platform has attracted many NFT lovers to the platform.
As one of the Solana-based meme coins, Book of Meme witnessed massive bullish momentum on launch, setting it among the top meme coins by market capitalisation within weeks of launch. While Book of Meme set a new ATH record of $0.02 in March, some analysts project the BOME price to reach $1 in the coming weeks. The surging whale’s interest in meme tokens could drive the price of meme coins such as BOME up in the coming weeks. As such, Book of Meme is one of the meme coins to invest in the year.
Final thoughts: Should you invest in meme coins?
With the meme coin market gaining traction and witnessing massive developments, investing in meme coins could potentially lead to massive returns in the coming months. The above are some of the most promising meme coins to buy and HODL for short and long-term rewards.
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