Which Meme Coin Will Perform Best This Year

TL;DR

• Dogecoin
  and
  Shiba
  Inu
  are
  top
  meme
  coin
  contenders
  for
  2024,
  with
  DOGE
  benefiting
  from
  endorsements
  and
  a
  strong
  community,
  while
  SHIB
  has
  shown
  significant
  yearly
  gains.
• ChatGPT
  also
  outlined
  the
  chances
  of
  Pepe
  (PEPE),
  dogwifhat
  (WIF),
  and
  Bonk
  Inu
  (BONK)
  due
  to
  their
  recent
  price
  rallies
  and
  solid
  support
  base.

DOGE
and
SHIB
Are
Among
the
Contenders

The
meme
coin
sector
has
captured
the
attention
of
industry
participants
in
the
past
several
months,
with
numerous
assets
experiencing
substantial
price
surges.
The
niche
witnessed
the
progress
of
some
recently
launched tokens
and
the
success
of
others
that
have
been
part
of
the
industry
for
years.

Considering
the huge interest
in
the
topic,
we
decided
to
ask
ChatGPT
which
meme
coin
will
perform
the
best
in
2024.
The
AI-powered
chatbot
started
its
estimation
with
the
leaders in
terms
of market
capitalization
–
Dogecoin
and
Shiba
Inu.

Despite
being
created
as
a
joke
in
2013,
DOGE
saw
a
remarkable
rally
in
the
past
few
years,
reaching
an
all-time
high
of
over
$0.70
in
2021.
Currently,
it
hovers
around
the
$0.15
mark,
which
represents
a
substantial
plunge
from
the
peak
but
also
a
100%
increase
compared
to
the
figures
observed
in
May
2023.

The
asset
has
a
devoted
community,
while
endorsements
from
high-profile
figures
like
Tesla’s
CEO
Elon
Musk
are
beneficial
for
its
performance. Not
long
ago, the
EV
giant
officially integrated DOGE
as
a
payment
option
on
its
website.

Shiba
Inu
(SHIB)
–
known
as
the
Dogecoin
killer
–
has
also
made
great
strides.
Its
price
is
up
over
180%
yearly,
while
a
recent
study
estimated
that
it
has
the strongest

supporter
base
in
the
meme
coin
realm.

Its
future
success
relies
on
multiple
factors,
such
as
the
further
development
of
its
layer-2
blockchain
solution
–
Shibarium,
its
burning
mechanism,
adoption
levels,
and
overall
investor
interest. 

It
is
worth
noting
that the
L2
network
recently underwent two major upgrades
aimed
at
improving
user
experience
and
enabling
compatibility
with
popular
wallets,
including
MetaMask,
Coinbase
Wallet,
and
Trust
Wallet. Those
interested
in
learning
more
about
Shibarium,
feel
free
to
take
a
look
at
our
dedicated
video
below:

The
Chances
of
the
Rivals

ChatGPT
continued
its
prediction
with
Pepe
(PEPE),
noting
its
solid
community
and
recent
price
rally.
As


CryptoPotato reported,
the
frog-themed
meme
coin
hit
a
new
all-time
high
on
May
15,
with
its
market
cap
nearing
the
$5
billion
milestone.

Subsequently,
the
chatbot
claimed
that
dogwifhat
(WIF)
and
Bonk
Inu
(BONK)
also
have
chances
to
finish
2024
as
the
niche’s
top
performers.
Both
assets
are
built
on
the
Solana
blockchain
and
have
become sensations
in
the
past
months. 

WIF
gained
support
from
prominent
industry
participants
such
as

Arthur
Hayes,
while

fans
of
the
token
recently

raised $650,000
to
put
its
logo
on
the
Sphere
–
a
famous
entertainment
arena
in
Las
Vegas,
Nevada.

ADVERTISEMENT

“WIF
has
garnered
a
strong
community
following
and
significant
attention
on
social
media,
which
are
crucial
for
the
success
of
meme
coins.
Its
current
market
cap
and
trading
volume
indicate
a
solid
interest
from
investors,”
ChatGPT
stated. 

At
one
point
this
year,
WIF’s
market
cap
spiked
to
almost
$5
billion,
becoming
the
third-biggest
in
the
cohort.
Currently,
it is
placed fourth,
trailing
behind
PEPE.

BONK’s
success
has
been
just
as
impressive.
Launched
in
December
2022,
it
started
making
the
headlines
towards
the
end
of
2023
after
an
exponential
price
rally.
Its
uptick was
fueled by
significant
hype
from
investors
and
support
from
leading
cryptocurrency
exchanges. Binance,
Bybit,
and
Coinbase
are among the
leaders
allowing
trading
services
with
BONK. 

According
to
ChatGPT,
the
meme
coin
may
advance
even
more
before
the
end
of
2024
as
long
as
it
benefits
from
the
potential
growth
of
the
Solana
ecosystem.