Shiba

Memecoin

Sponge

Smog

Shiba Inu

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Shiba Inu, the world's second-biggest meme coin by market capitalization, is up by 222% since the beginning of 2024.&nbsp;
Contributing factors to this pump include Bitcoin's resurgence, which has resulted in positive market conditions. But will SHIB be able to keep up its momentum?&nbsp;
<h2 dir="ltr" id="span-shib-is-up-by-160-span">SHIB is Up By 160%</h2>
Bitcoin's recent surge to it's all-time high has proven good for the entire meme coin market. While most of the recently introduced meme coins - tokens introduced in early to late 2023 -are reaching their new all-time highs, meme coins that have been active for almost a decade are also experiencing a pump.&nbsp;
<img src="https://lh7-us.googleusercontent.com/L0QE9rdnbFO8hESkMV-mB6PBeS7K_M3zQpCqxyRa_1AnK9DhDQDNlrGqrx0oiMKGxMRBuEoGso-YuisCykvEnqYmSbAmakwKsI4WJV784LvoosASvVCNyV6r_sGmh3u9sh4mtnq7KtS8WS-J_DzSYlQ" width="602" height="455" style="display: block; margin-left: auto; margin-right: auto;">
SHIB is one of those OG meme coins that have been able to move up on the price charts by more than 160% since the beginning of 2024. At press time, its value is resting around the $0.00003 mark. Its current market capitalization is over $19 billion, and its recent daily trading volume is above $1.5 billion.&nbsp;
Shiba Inu's RSI of 73 indicates that it is extremely in the overbought zone, and a retrace can set off at any time. However, there have been no signs of a negative reaction, and the green candles have become larger. But is it the best meme coin to buy this year?
<h2 dir="ltr" id="span-4-best-meme-coins-to-buy-now-span">4 Best Meme Coins to Buy Now</h2>
Even though Shiba Inu's recent performance has inspired confidence in many investors, it might not be the best token to invest in now. CoinMarketCap shows that much of the community is still apprehensive about it. Therefore, here are 4 other best meme coins that investors must consider parking their funds into.&nbsp;
<h3 dir="ltr" id="span-smog-span">Smog&nbsp;</h3>
<a href="https://shrt.care/1055c6b7?referrer=shiba-inu-price-up-by-222-in-2024---4-best-meme-coins-to-buy-now-" target="_blank" rel="noopener noreferrer nofollow">Smog’s</a> arrival on Jupiter DEX proved fruitful as this Solana-based token could ride the rising interest in SOL to climb up in price. It increased by more than 295% within days of its arrival before experiencing a minor retrace.&nbsp;
However, Solana bulls still rallied and tried to push the token back into its growing state. The current chart shows that they have been successful. At press time, Smog is up by 1080% from its launch price.
<img src="https://lh7-us.googleusercontent.com/RSVbr1khijz2yN40AMa6e0FtW5cQudrytB9TI4Phso957lkMh2fU48TtYwmWQemCr9dqN7Z8TvYOvWROrXAnt_N9KitzO0UdEzWqch80YYeC33Q8TenqmKYWtFKk9uHl02PxsB9u91IyN-LfVFsL-6g" width="602" height="383" style="display: block; margin-left: auto; margin-right: auto;">
Smog's unique imagery makes it one of the best meme coins of 2024. Making a quirky dragon as its mascot who wants to "heat up the crypto market and make meme coins a hot asset class again" is working in this project's favor.&nbsp;
Additionally, Smog features a unique gamified airdrop mechanic that ties airdrop rewards with quests and tasks, further adding to the fantastical narrative it is trying to portray.&nbsp;
<h3 dir="ltr" id="span-sponge-v2-span">Sponge V2</h3>
Another token that has captured the community's attention is <a href="https://shrt.care/eb563bf4" target="_blank" rel="noopener noreferrer nofollow">Sponge V2</a>. Sponge V2 is Sponge V1 redefined, which is a Spongebob Squarepants-inspired meme coin that reached a $100 million market capitalization shortly after its arrival. Sponge V2 wants to regain the magic by introducing a brand new meme coin that can only be acquired through a staking mechanic.&nbsp;
<img src="https://lh7-us.googleusercontent.com/MX48E1FZai-A77O7D7q34ioh1kf5lwfWm5wse4DUfWnsuB8fInltiuJQi7lIf8csVrDxhXnV1ANWCPF606xq1WI7Bmn8SpckB_7MDDvzi2QtrI1nXuCNuT5sh7AopSuz2BfOKjg9BF-qC4gh0O-_uZQ" width="602" height="365" style="display: block; margin-left: auto; margin-right: auto;">
Investors must stake their Sponge V1 tokens to earn an equivalent amount of Sponge V2 tokens. Those who become long-term holders will also earn staking rewards. At its current price that is trending above $0.0034, Sponge V2 is 12332% more valuable than V1 was during its launch.
So far, $14.02 million worth of Sponge tokens have been staked. The token is growing continually thanks to Sponge's virality and the project's current social media popularity.&nbsp;
<h3 dir="ltr" id="span-dogecoin-span">Dogecoin</h3>
Dogecoin is also one of the best meme coins to buy today, thanks to it being an OG crypto and to Elon Musk's recent interaction regarding meme coins on Twitter. "Fine, I will get back on the meme grindstone", was Musk's tweet that bolstered people's interest in Dogecoin and led to its pump.&nbsp;
<img src="https://lh7-us.googleusercontent.com/6TriTQqWZp-HmAs33ElwHsLYeHLpuCko8PUt9b1pEHiQWXs4iLLneJMLtTLFtXDIVnsh1-iBnOw5Vn3JlsIMrr-0hy3dEMdD4A3lw2O1dbeFiYCiAdgDzqAOP-moMYWHgJ2Mi-OiGlS64brJuXTejDY" width="602" height="459" style="display: block; margin-left: auto; margin-right: auto;">
There have also been talks about Dogecoin being implemented on Twitter.&nbsp;
While those words are only statements coming out of the rumor mill and often don't turn out to be true, Dogecoin grew dramatically. Since January 2024, DOGE has pumped by more than 86.97%. The token’s price is currently maintained at a stable value around the $0.17 mark. DOGE's current market capitalization is more than $24 billion.&nbsp;
<h3 dir="ltr" id="span-memecoin-span">Memecoin&nbsp;</h3>
Memecoin (MEME) is another token gaining much interest in the market lately. Created by Memeland, this project has the simplest imagery, which has helped it increase by more than 81% since the beginning of 2024. At present, the Memecoin price is trending around the $0.050 mark.&nbsp;
<img src="https://lh7-us.googleusercontent.com/bU88Xi2D1g2I07h62OHAdfJFuYSTJbJW_JFmdebDdD0rFAmiHFROXzGyt70a61iUIIqk95Lis4PPfM-5Q-igLV-STd8bRXtYhil7G4m6NK2E4JTBiN7xEn30-vePFZFdbNvedPvO94FpnG5mLC7jQRk" width="602" height="460" style="display: block; margin-left: auto; margin-right: auto;">
<h3 dir="ltr" id="span-dogecoin20-span">Dogecoin20</h3>
A brand new meme coin presale launched today, little is known yet about <a href="https://dogecoin20.io/en#home" rel="noopener noreferrer nofollow">Dogecoin20</a> and its audit is described as ‘coming soon’. While high risk, its current APY percentage is very high, offering early ICO buyers a high rewards rate.
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<img src="https://lh7-us.googleusercontent.com/I0TMg7aSzXS1Do9xSnl2-tKNfQJlqOX-AfAV4emN2pQWe6Pb_AKKjWI5yCzBRIb4wWbejv5iOZU5470qyINcnGIOsSQz8gFAk9K-aqywWcVylsnnVR9N3BGcsNzqAQs7uIkucA8FfOxcju1GyOZ-FaA" width="602" height="336" style="display: block; margin-left: auto; margin-right: auto;">
$DOGE20 is an Ethereum chain meme token, and can also be purchased with USDT and BNB. Its total supply of 140,000,000,000 is capped, unlike the inflationary Dogecoin it aims to improve upon.
<h2 dir="ltr" id="span-invest-wisely-span">Invest Wisely</h2>
Even though the market is moving up, volatility persists. It doesn't take long for the community's sentiment to shift, and that shift isn't always positive. Therefore, we advise investors to focus on meme coins with provable fundamentals and a good social media presence.&nbsp;
Sponge V2 has more than 34.5k followers on Twitter, and Smog has also attracted close to 40k followers quickly. Due to the engagement factor alone, we rate those the best meme coins to buy now, with Dogecoin20 a high risk new meme token that offers high staking rewards at the time of writing.
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/shiba-inu-price-up-by-222-in-2024-4-best-meme-coins-to-buy-now-tbt82548.html">https://thebittimes.com/shiba-inu-price-up-by-222-in-2024-4-best-meme-coins-to-buy-now-tbt82548.html</a>

Shiba Inu price up by 222% in 2024 - 4 Best Meme Coins to Buy Now

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