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- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
We predicted that 2024 will be bullish for the whole crypto market. As we can see so far, that prediction is coming true.
Just two days into the new year, the global crypto market cap jumped to $1.73 trillion, a 5% spike in the last 24 hours alone. Bitcoin BTC saw a 6% jump from the 31st of December, and the other major altcoins are closely following it.
Meme tokens were not left behind. The two niche leaders, Dogecoin (DOGE) and Shiba Inu (SHIB) both saw a similar performance.
Considering that many expect 2024 to be the new 2021 for meme coins, the main question that pops into mind is which one will deliver the biggest gains in 2024 – DOGE or SHIB?
We will shed some light on the matter and show you a few other meme tokens that could improve your portfolio.
Dogecoin and Shiba Inu stand as titans within the meme coin arena, each with a robust community and a history of significant price movements.
Dogecoin, the original meme coin with a cult-like following, benefits from its early market presence and high-profile endorsements, notably from tech star Elon Musk. Its potential lies in rallying upon market trends and social media hype, with predictions suggesting a possible rise to between $0.10 and $0.40.
Shiba Inu, on the other hand, rides on its innovative developments, such as the anticipated Shibarium event aimed at reducing SHIB tokens. This could add a utility layer to the token, possibly propelling its value upwards.
Choosing between DOGE and SHIB in 2024 is hard at the moment as there are multiple unpredictable factors at play.
Your safest choice for large gains is diversifying your portfolio with multiple meme coins (we will suggest some of them a bit later).
While both tokens have the potential for substantial gains, they also carry the risk of unpredictability, making an informed, balanced investment approach crucial for success in 2024.
Sponge V2, the enhanced version of the Sponge meme coin, is set to make waves in the crypto world with its new Play-to-Earn (P2E) features and Stake-to-Bridge model.
This latest iteration offers a seamless upgrade path for holders of the original Sponge, allowing them to stake their V1 tokens and transition smoothly to the more versatile V2 tokens.
The addition of P2E gaming elements is a significant leap forward, adding entertainment value and the opportunity for players to earn additional $SPONGE tokens.
This strategic move is aimed at increasing user engagement and bolstering the token's overall utility. With a fixed total supply of 150 billion SPONGEV2 tokens, a considerable portion is earmarked for staking rewards and supporting the P2E gaming environment, ensuring a dynamic and engaging ecosystem.
Following the footsteps of the original $SPONGE, which saw a remarkable 100x growth in 2023, SPONGEV2 is poised for potentially even greater success.
The team behind Sponge is actively pursuing listings on major exchanges like Binance and OKX, which, if successful, could significantly enhance the token's visibility and value.
Meme Kombat is on the cusp of reaching its $6 million in funding, having already rallied $5.7 million with just two days left before the MK token price bump.
What also underscores the investor's trust in the project is a recent whale investment of over $80K and another of $20K within 24 hours.
The platform merges popular meme characters like Doge, Shiba Inu, and Pepe in AI-driven battle scenarios. Players engage by placing wagers using MK tokens, adding a unique gambling dimension to the platform.
The project stands out with its impressive 194% estimated annual percentage yield (APY) for long-term token stakes, making it an attractive prospect for both casual and serious investors. Meme Kombat's appeal is further bolstered by its integration of viral meme culture with tangible gaming utility, offering a unique play-to-earn model.
Guided by Matt Whiteman, a seasoned figure in the crypto gaming sphere, Meme Kombat is poised for success. The thoughtful distribution of its tokens, allocating 50% for presales and 30% for network development, reflects a commitment to the project's long-term viability.
Meme Kombat's blend of entertainment, speculative betting, and growth potential positions it as one of the main competitors to SHIB and DOGE in 2024.
Wall Street Memes (WSM) has certainly stirred the pot in the meme coin arena with its remarkable $25 million presale success, setting it apart from many other launches in the crypto world.
Initially pegged to rival Shiba Inu in the meme coin world, WSM faced challenges post-launch, primarily due to the prevailing bear market. This resulted in a significant 45% decline in its value.
Despite this downturn, strong indicators are suggesting a potential rebound. The Wall Street Memes brand boasts a formidable social media presence, with nearly 2 million followers. This robust community engagement is a critical asset, offering the ability to mobilize support and interest rapidly.
Additionally, the success of the Wall Street Memes casino, which attracted over 18,000 players in its first month, must be noticed. These elements collectively point towards 2024 being a pivotal year for the token, possibly making it an attractive opportunity for investors looking to buy at a lower price and capitalize on future gains.
As you can see, there is no simple answer to the DOGE vs SHIB question. The best thing to do would be to get the best of both worlds and then some.
By diversifying like this you may decrease your short-term profits, however, you're effectively putting on a safeguard against any market volatility. The new meme tokens that we presented today are truly the best option besides the two giants.
