Popular Meme Coin HODLers to Watch Out in 2024
Release: 2023/12/11 19:39 Reading: 217
Meme coins are popular for their meme nature and for speculative trading purposes. But, some popular meme coins like DOGE and SHIB are focusing on beyond just being meme coins. While most of the traders use meme coins for short-term trading, proponents, who believe in the future potential of meme coins, hold onto meme coins and store a large number of tokens.
We will discuss 5 popular meme coins and their hodlers, to help you make informed trading decisions when it comes to meme coins, in the present article.
1. Dogecoin (DOGE)
Software engineers Billy Markus and Jackson Palmer created Dogecoin to mock the extreme volatile nature of cryptocurrencies like Bitcoin. Being the first cryptocurrency of its kind, Dogecoin became popular within no time and Doge price increased by a whopping 300% within the first few weeks of its launch in December, 2013.
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Dogecoin price has increased by 18,244.71% in 2023 and is trading at around $0.1 as of December 2023. Even though it was started as a memecoin, the team behind Dogecoin is working relentlessly to make it a viable option for transaction processing at low fees.
2. Shiba Inu (SHIB)
Shiba Inu is the next top meme coin after Dogecoin that was launched in August 2020 as a rival dog-based meme coin to Dogecoin. Shiba Inu founders, who are anonymous with names “Ryoshi” and “Shytoshi Kusama”, launched it on Ethereum based on the ERC-20 token standard.
Shiba Inu developer team is committed to create an entire ecosystem with projects like Shibarium layer2 network, ShibaSwap decentralized exchange, and Shib metaverse. Additionally, the project also has a Shiba Inu Burn Portal to reduce its inflated token supply and increase its value. So, Shiba Inu is the next best meme coin to buy and hodl to benefit when the project becomes successful with its new projects.
3. Bone Shibaswap (BONE)
While Shiba Inu is expanding with new blockchain projects, it has developed additional tokens for various use cases on these projects. Bone Shibaswap or BONE is another native utility token of the Shiba Inu ecosystem that was launched as a governance token.
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While it was initially a governance token, BONE has major use cases in Shibarium and Shibswap projects. BONE is primarily used for rewarding validators and delegators on the Shibarium layer2 network. Users can also stake BONE tokens on the Shibaswap exchange to earn rewards and participate in its decision-making process as well.
As the Shiba Inu ecosystem grows and its user adoption increases, we can estimate to see an increase in BONE token price also. Thus, BONE token is also one of the top meme coins to buy and hodl in 2024, estimating a price surge.
4. Pepe Coin (PEPE)
In contrast to the dog-based meme coins, Pepe Coin is a frog-based meme coin, inspired from the popular “Pepe the Frog” internet meme. It was founded by an anonymous person or a group, claiming itself the most memeable meme coin in the industry.
Pepe Coin created history in the meme coin industry, reaching a $1 billion market cap within just a few weeks after its launch. It even entered the top 100 cryptocurrencies list while the Google trend score raised from 3 to 100 in the first month of its launch in April 2023.
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The deflationary mechanism of the coin combined with its redistribution system are attractive features to invest in this coin. Additionally, PEPE has a zero tax policy. With a huge fan base and a token burning system, Pepe Coin is a best suitable coin to buy and hodl in 2024.
5. Floki Inu (FLOKI)
Floki Inu is compliant with both ERC-20 and BEP-20 token standards on Ethereum and Binance Smart Chain (BSC). The project is expanding with its Valhalla NFT metaverse game, FlokiFi decentralized platform, and its NFT & merchandise marketplace.
Floki Inu is not just limited to being a meme coin but has three main purposes: to maintain its meme status, provide utility to its projects, and charity. While the meme nature gave birth to the Floki Inu project, its utility and charitability are its highlighted features.
Floki Inu price is up by more than 300% in 2023 and is estimated to increase once the project becomes successful and gains mass adoption. Thus, it is also a noteworthy meme coin to watch out to buy and hodl in 2024.
Conclusion
Even though meme coins are popular for their meme nature, some meme coins are aspiring to be more than meme coins with the project development and expansion like Shiba Inu and Floki Inu. We hope this article helped you find out the most popular meme coin hodlers in 2024.
Cryptocurrencies are volatile in nature and follow unpredictable price patterns. You need to do your own research and do not invest more than you can afford to lose, especially when it comes to meme coins.
FAQs
What is the best meme coin to hold?
Dogecoin and Shiba Inu are the best meme coins to buy and hold, estimating an upward price movement in the long run.
Which meme coin will reach $1?
Meme coins racing $1 is highly unlikely in the near future. However, there is a slight possibility for Dogecoin, being the top meme coin, to reach $1 of the adoption and its use cases improve over the time.
The post Popular Meme Coin HODLers to Watch Out in 2024 appeared first on CoinGape.
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