Wall Street Memes

Bone ShibaSwap

Shiba Inu

Elon Musk

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With the cryptocurrency market in the midst of a full-fledged bull run, all eyes are on meme coins, with investors searching for the next token that will display a blistering 1000% rally.&nbsp;
During the last bull market, meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) were two of the top-performing cryptocurrencies, both widely outperforming the rest of the market. At their all-time highs, Dogecoin hit a market capitalization of $84 billion, while Shiba Inu garnered a valuation of $40 billion.&nbsp;
However, despite their roaring bull rallies, neither meme coin ever reached the $1 milestone, even as Dogecoin - with its all-time high of $0.73 - came extremely close. Due to its low starting price, Shiba Inu only reached a high of $0.00008616 at its peak.&nbsp;
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Nevertheless, meme coin enthusiasts believe that this coveted milestone will be achieved this time around. With the upcoming Bitcoin halving, the almost certain approval of spot Bitcoin ETFs and the Federal Reserve adopting a dovish monetary policy, 2024 could indeed prove to be a golden year for cryptocurrencies, leading multiple meme coins to hit the $1 mark.&nbsp;
<h2 dir="ltr" id="span-which-meme-coins-will-hit-1-span-span-span">Which Meme Coins Will Hit $1?&nbsp;</h2>
As previously mentioned, whether or not a meme coin reaches the $1 mark is not just dependent upon its utility or price potential, but also on its starting listing price. There is little doubt that the likes of Shiba Inu, Pepe and Bonk will be some of the best-performing cryptocurrencies in 2024. However, due to their penny price, it is unlikely that they will reach the $1 milestone this time around.&nbsp;
For instance, Shiba Inu will have to display a 12,500x rally from its previous all-time high to reach $1.&nbsp;
However, other meme coins such as Dogecoin, Meme Kombat, Wall Street Memes and others appear primed for this benchmark price point. In total, we will list 6 meme tokens that could potentially reach $1 in 2024.&nbsp;
<h3 dir="ltr" id="span-dogecoin-doge-span">Dogecoin ($DOGE)</h3>
<a href="https://dogecoin.com/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin</a> is the largest meme token and the 10th largest cryptocurrency, with a market capitalization of $13.2 billion. Doge was launched in December 2013 by engineers Jackson Palmer and Billy Marcus.&nbsp;
However, the dog-themed token reached global acclaim when Tesla and Twitter owner Elon Musk revealed it to be his favorite cryptocurrency in 2019. Musk proclaimed himself as the “Dogefather”, calling Doge the people’s cryptocurrency. The world’s richest man did not miss any opportunity to promote Dogecoin, even if it landed him on the wrong side of a $258 billion lawsuit.&nbsp;
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Back in April of this year, Musk replaced Twitter's iconic Blue Bird logo with Dogecoin’s symbol, which led to an explosive price rally in the top meme coin.&nbsp;
Dogecoin’s inclusion into this list of meme coins that will reach $1 is no surprise, considering its previous all-time high of $0.73, which it achieved during the last crypto bull run.&nbsp;
Most large-cap cryptocurrencies are expected to hit a higher all-time high this time around and Dogecoin is no different. Doge would only need a 35% appreciation from its previous all-time high to trade at $1, which is certainly achievable.&nbsp;
Dogecoin is currently trading at $0.093, after rallying 22% over the past month. In the short term, Dogecoin will need to flip the resistance level at $0.106 to kickstart a bullish continuation.&nbsp;
<h3 dir="ltr" id="span-meme-kombat-mk-span">Meme Kombat ($MK)</h3>
<a href="https://memekombat.io/" target="_blank" rel="noopener noreferrer nofollow">Meme Kombat</a> is one of the new meme coins on this list, considering that it is still in its presale stage - however, this also means that $MK could potentially offer the highest returns.&nbsp;
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Unlike tokens such as Pepe, Meme Kombat is not a utility-less coin. Rather than depending only upon hype, $MK capitalizes on several in-demand trends such as Web3 gaming, AI and staking, each of which is attracting an increasingly higher number of investors.&nbsp;
The demand for Meme Kombat is evident in its presale itself, considering that it has raised over $4.3 million in just over two months. Several crypto whales and smart-money traders including Crypto Tony and Matthew Perry have already made a sizable investment into $MK, highlighting its excellent price potential.&nbsp;
Meme Kombat’s Play-to-Earn game is a big reason for the high demand. The game will act as a virtual battle arena which will conduct a “battle between meme coins”. It will have 11 fictional characters - each representing a popular meme coin such as Doge, Shiba, Pepe, Floki, etc.&nbsp;
The characters will battle each other in unpredictable, AI-simulated battles, the outcome of which will be decided on-chain. Players of the game will be able to bet on their favorite character in various gaming modes such as player vs player or player vs game.&nbsp;
However, Meme Kombat’s most impressive feature is its fully doxxed team - the identity of all developers behind the project has been revealed, eliminating the fear of any scams or rug pulls.&nbsp;
The current price of $MK is $0.257. With analysts such as <a href="https://www.youtube.com/watch?v=KNO3xRpJA64" target="_blank" rel="noopener noreferrer nofollow">Jacob Bury</a> predicting the token to 10x after its launch, it is primed to hit the $1 mark during the crypto bull run of 2024.&nbsp;
<h3 dir="ltr" id="span-sponge-v2-spongev2-span">Sponge V2 ($SPONGEV2)</h3>
<a href="https://sponge.vip/en" rel="noopener noreferrer nofollow">Sponge V2</a> is the second and improvised version of the wildly successful Sponge meme coin, which was one of the best-performing cryptocurrencies this year. The meme coin project is inspired by the popular animated show SpongeBob SquarePants.
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In fact, Sponge turned out to be a 100x opportunity for the early buyers, considering it started trading with a market capitalization of $1 million and reached a valuation of $100 million at its peak. The token boasted over 13k holders and 30k followers on its social media accounts, just a few weeks after its launch. A number of top crypto exchanges, including OKX, MEXC, LBank and Bitget, listed $SPONGE on their respective platforms.&nbsp;
However, the development team behind the Sponge project is now aiming higher with Sponge V2, hoping to secure “bigger and better exchange listings”, which could be pointing towards Binance.&nbsp;
Analysts such as Michael Wrubel, who made over $100k initially with Sponge, are now viewing Sponge V2 as another big money-making opportunity. Even Justin Sun, the founder of Tron blockchain and the Poloniex exchange, has over $4 million worth of $SPONGE holdings, which he plans to convert to $SPONGEV2.&nbsp;
Interested buyers can head to the sponge.vip website and purchase Sponge V2 tokens through the available widget, which also awards an attractive bonus. Alternatively, investors can stake their $SPONGE tokens and receive $SPONGEV2 in exchange.&nbsp;
While Sponge V2’s starting trading price is not yet clear, considering its 100x price potential, it is an excellent candidate for the meme coin which could hit $1.&nbsp;
<h3 dir="ltr" id="span-wall-street-memes-wsm-span">Wall Street Memes ($WSM)</h3>
<a href="https://wallstmemes.com/" target="_blank" rel="noopener noreferrer nofollow">Wall Street Memes</a> was another high-flying meme coin over the last year, buoyed by its strong community backing. After all, the project has its roots in the legendary Wall Street Bets Reddit community, which was behind the historic GameStop bull run in 2021.&nbsp;
Since then, the Wall Street Memes group has become one of the biggest online trading communities, with over 1.1 million followers across its various social media accounts. Even Elon Musk is a fan of its hilarious and on-point memes and has interacted with its Twitter account on multiple occasions.&nbsp;
The developer team behind $WSM also has a stellar reputation in the crypto community, considering the massive success of its previous projects such as the Wall St Bulls NFT collection.&nbsp;
Due to this strong community support, $WSM garnered as much as a $60 million market cap at its peak. Several crypto whales emerged as its early buyers, with one whale investing $1 million into it in the presale itself.&nbsp;
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Since then, the Wall Street Memes has launched several exciting features, such as its own staking program and the Wall St Memes Casino. These unique features will play a crucial role in helping WSM reach the $1 mark.&nbsp;
<h3 dir="ltr" id="span-memecoin-meme-span">Memecoin ($MEME)</h3>
<a href="https://www.memecoin.org/" rel="noopener noreferrer nofollow">Memecoin</a> has a special status in the meme coin space, considering that it is one of the few tokens that is available for trading on the Binance crypto exchange. After its launch in November of 2023, $MEME displayed an explosive bull rally to hit the $400 million market capitalization, in a span of just a few weeks.&nbsp;
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At its all-time high, Memecoin was exchanging hands at $0.046. Considering that it is available on Binance, it will continue to outperform the rest of the market, potentially hitting the $1 mark. There is also the possibility of Coinbase listing $MEME on its platform, which will provide even more of a boost to its bullish trajectory.&nbsp;
<h3 dir="ltr" id="span-bone-shibaswap-bone-span">Bone ShibaSwap ($BONE)</h3>
<a href="https://shibaswap.com/" target="_blank" rel="noopener noreferrer nofollow">Bone ShibaSwap</a> is the governance token of the Shiba Inu ecosystem and is currently the 9th largest meme coin. According to CoinMarketCap, it is the 273rd largest cryptocurrency on the market, with a market capitalization of over 161 million.&nbsp;
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The Shiba Inu ecosystem is set to turn extremely profitable during the next crypto bull run. However, while it is extremely difficult for $SHIB to reach the $1 mark due to its low price, $BONE is currently trading at $0.7, setting it up to achieve the coveted milestone.&nbsp;
After all, $BONE has crucial importance in the Shiba Inu ecosystem. It is utilized by investors to vote on governance proposals within - the more $BONE they have, the higher the value of their vote. Furthermore, the meme coins would be used to pay gas fees on Shibarium, Shiba Inu’s layer-2 blockchain.&nbsp;
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/which-meme-coins-can-reach-1-in-the-next-crypto-bull-run-bone-doge-meme-shib-sponge-wsm-tbt74895.html">https://thebittimes.com/which-meme-coins-can-reach-1-in-the-next-crypto-bull-run-bone-doge-meme-shib-sponge-wsm-tbt74895.html</a>

Which Meme Coins Can Reach $1 In The Next Crypto Bull Run - BONE, DOGE, MEME, SHIB, SPONGE, WSM

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