Are Meme Coins on the Rise? Three Trends Defining the Market

Are Meme Coins on the Rise? Three Trends Defining the Market

Meme coins were all the rage just a few years ago. The hype has died down since then, but meme coins are still a huge part of the crypto world. In this article, you’ll learn everything about the meme coins’ current status, the best of them, and more.

What is the Future of Meme Coins

Guess what? Meme coins are ! Crypto fans, casual investors, and social media influencers are buying meme coins again. Here are the three reasons why:

 

1. Integration of utility and real-world applications

Cryptocurrency used to be something only very few people knew how to use. Now, you can use it almost anywhere. I use Bitcoin and other popular coins to shop online, play casino games, and to send money to my friends.

Those are just three ways you can use cryptocurrencies now. I could’ve listed hundreds more. Because cryptocurrency is so easy to use now, more places have started to accept meme coins. Since they are easier to use, more people are buying them.

Coin Rise Social Media

 

2. Community social media driven hype and influence

Ever since Dogecoin exploded, investors have been chasing the next viral meme coin. Coin founders are doing the same thing. They both know that the best way to grow a coin is by word of mouth. Meme coins have very active fan bases with huge social media presences. I can’t go a day without reading about new hot meme coins. This hype on social media leads to investment.

 

3. Increased risk appetite among investors

The Bitcoin billionaires of today got rich because they invested early. Getting in early is always riskier than coming in late. Investors in 2024 are looking to hit it big again. Meme coin markets are the ones with the biggest potential for growth. They are also the riskiest. This is a risk investors are willing to take because of the potential gains.

Why Meme Coins Stand a Chance in 2024 and Beyond

Like the rest of the crypto market, meme coins were heavily inflated in 2021. If you’re anything like us, your crypto assets took a hit when the market crashed just after. This shouldn’t scare you too much in 2024 though.

Outside influence on the market was one of the biggest reasons for the last crypto crash. This influence is far smaller now. The market is much more organic, so the chances of a crash are far smaller.

You’ll also benefit from:

Data encryptionTransactions on blockchain networks are secure with cryptography.
Transaction anonymityCryptocurrency transactions such as Bitcoin, don’t require bank permission.
DecentralizationBitcoin and other digital coins are decentralized currencies and these payments are faster, but they can’t be reversed.

Beyond a trend: looking to the future of cryptocurrency

Cryptocurrency is here to stay. It’s fairly obvious when you look at some of the best online casino sites that accept cryptocurrency that we have reviewed.

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Which Meme Coins are Trending in 2024?

The meme coin market changes every day. These are three coins that I have seen grow massively in 2024:

  • Milady Meme Coin (LADYS)
  • Book of Meme Coin (BOME)
  • LandWolf Coin (WOLF)

Milady Coin Rise Tweet

 

What is the hottest meme coin right now?

At time of writing, Mumu the Bull Coin (MUMU) is the hottest meme coin on the market. In the past seven days, its meme coin price has grown nearly 120%.

MUMU is in the top twenty for global meme coin market cap right now. If it continues its strong growth, I could see MUMU cracking the top ten very soon.

 

What makes a meme coin go up and down?

Like anything else on the market, meme coin price is affected by supply and demand. As more people buy meme coins, the meme coin price goes up. If people sell their coins, the price goes down.

Top Meme Coins to Buy (and Avoid) in 2024

We recommend We don’t recommend
Pepe Unchained (PEPU) Dogwifhat (WIF)
Mumu the Bull Coin (MUMU)MAGA Again (MAGAA)
Book of Meme Coin (BOME)Baby Doge Coin (BabyDoge)

Which Meme Coin is set to take off next?

Pepe Unchained (PEPU), Mumu the Bull Coin (MUMU), and Book of Meme Coin (BOME) are my three picks for the next meme coins to hit it big soon.

  • MUMU and BOME have already shown consistent growth and return through 2024. PEPU is an upcoming meme coin that should grow fast because of its relationship to other top meme coins.
  • Mi Lady meme coin (LADYS) narrowly missed the cut for me due to a recent dip in price. It might be worth backing if you’re looking to buy low on an established coin.

Which Meme Coins are gaining the most momentum?

Paw coin (PAW), Mumu the Bull coin (MUMU), and LandWolf (WOLF) are the fastest growing meme coins in the world right now. Mumu the Bull is the fastest growing of those three. Since launching in November 2023, the value of Mumu the Bull coin has grown over 800%.

Which Meme Coins are likely to surge?

When Pepe Unchained (PEPU) launches in August 2024, I think it will be the coin most likely to explode in 2024. The Meme Games (MGMES), WienerAI (WAI), and PAW Coin (PAW) are also worth watching.

New Meme Coins to Watch in 2024

Meme CoinLaunch Date
Pepe Unchained (PEPU)August 2024
The Meme Games (MGMES)July 2024
WienerAI (WAI)July 2024
Base Dawgz (DAWGZ)June 2024
PlayDoge (PLAY)May 2024

My Final Take on Meme Coins and Cryptocurrency

To me, meme coins are one of the most fun markets to invest in. However, the meme coin market is also very risky. If you decide to back any meme coin, make sure it’s an informed investment.

Don’t just buy into the hype surrounding a coin. If you do your research and back the right coin, you could make a lot of money investing in meme coins.

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