Throughout March, the digital asset market has seen a large number of tokens enjoy massive gains. However, some of the biggest increases came from a large number of meme coins across the industry. Although there has been a correction at the beginning of the week, the cryptocurrency market has 5 meme coins that could rise 10 times in 2024.
He solana network has seen most of the newcomers disrupt the market, with a slew of pre-sales generating tens of millions in recent days. Additionally, the positive sentiment the asset class has seen from Bitcoin's success this year will certainly work in its favor.
So, let's explore the 5 strongest cryptocurrency meme coins that could see 10x gains throughout 2024.
Meme Book ($BOME)
Also read: BOME: Meme Book Surges 300%, Mint Millionaires in Latest Price Surge
One of the most impressive performances by a newcomer meme coin has been Book of Meme (BOME). One of the Solana meme coin sensations of the year, the asset increased in value just a week after its existence. In fact, it had grown over 1000% in that time and is already the 7th largest meme coin by market cap.
In the last 24 hours, BOME has experienced a notable correction, falling more than 34%, according to CoinMarketCap. However, it is still up over 1084% in the last seven days and has the potential to continue rising for the rest of the year.
Volatility is always a concern for the market, but Book of Meme has high expectations from many. His position in the newly formed top 7 could be a sign of things to come. However, he will face a tough finish on some of the top players just ahead, which could also have a big hit in 2024.
Bonk ($BONK)
Also read: Bonk and Pepe See Bullish Growth as New Meme Coin Explosion Backed
Joining Book of Meme as a Solana-based entry on this list is Bonk ($BONK). Although its performance has not been as meteoric as that of an asset like Dogwifhat (WIF), it performed very well in March and should have room for a 10x increase by the end of the year.
BONK is the sixth largest meme coin by market capitalization, with a figure of $1.5 billion. However, the asset has been dealing with a much larger price correction over the past week. In that time period, the asset is down more than 22%, with a 14% drop in the last day alone.
Meme coin volume is down 8%, but its connection to the SOL craze increases its chances of continuing to do well this year. Many of the Solana tokens should be able to benefit from their huge increase in value throughout March. If he continues, he will undoubtedly be a big winner at the end of the year.
Shiba Inu ($SHIB)
Also read: Can Shiba Inu (SHIB) Reach $0.00005 This Week?
Although Solana meme coins have dominated the headlines this month, there is always a benefit to be found in a classic. In Shiba Inu (SHIB), there is certainly a chance for the asset to rise tremendously throughout this year. Unlike other meme coins, the SHIB ecosystem has tangible utility and development going for it.
The second largest meme coin by market cap, Shiba Inu, has been volatile over the past day but has shown gains over the past hour. However, its value is closely related to the work being done in the ecosystem as a whole.
Earlier today, the SHIB burn rate increased by a remarkable 2,300%, which caused a brief 10% price increase. However, continued efforts and implementation of Shibarium will see it grow even more by the end of 2024.
Pepper ($PEPPER)
Also read: Pepe recovers 826% and reaches a new all-time high: $0.0001 Next?
Another of the most promising offerings in the meme coin market is Pepe (PEPE). Although not as new as many of the Solana-based offerings, the token saw a meteoric rise shortly after its arrival in April of last year.
In 2024, Pepe has the opportunity to continue increasing its value. It has already catapulted to be the third-highest meme coin by market cap, at over $2.8 billion. The token has faced the same declines in the last 24 hours, falling more than 22% in that time.
Although the meme scam is relatively new, it has shown that investors are willing to stand their ground. Therefore, it is a likely candidate to be among the top 5 memecoins that will record 10x increases by the time 2024 is in the rearview mirror.
Dogecoin ($DOGE)
Also read: Dogecoin (DOGE): Elon Musk could lead a 50% surge
Last but not least, one of the meme coins that will likely grow 10x in value by 2024 is Dogecoin (DOGE). The token that started it all, DOGE, remains the top meme coin by market cap, with a pretty significant lead over the rest of the pack.
The asset is still priced at $0.14, second only to WIF among the top 10 meme coins. Additionally, its connection to Elon Musk and its inherent volatility always ensure that it is a candidate to rise in any given year.
Over time, the meme coin market has come to move in tandem with DOGE movements. In many ways, it sets that standard and, despite the new meme coins, that should still be the case by the end of 2024. If Dogefather continues to stir up the passionate community, his profits could be magnificent.
